10-K Filing

RHINO BITCOIN INC. CIK: 1785493 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001493152-22-029798`
Period End Date	20220731
Filing Date	20221028
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	form10-k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 32 Cash Flow Statement 48 Stockholders Equity 11

Balance Sheet 65 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$868.00	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$39.90K	USD	Point-in-time
Other receivables, prepayment and deposits	`AccountsAndOtherReceivablesNetCurrent`	$14.36K	USD	Point-in-time
Other receivables, prepayment and deposits	`AccountsAndOtherReceivablesNetCurrent`	$244.35K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred cost	`DeferredCostsCurrent`	-	USD	Point-in-time
Deferred cost	`DeferredCostsCurrent`	$764.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	332.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	332.70M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.20M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	332.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	332.70M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.98K	USD	Point-in-time
Lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$25.78K	USD	Point-in-time
Lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$38.85K	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	-	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	-	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$28.76K	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$38.85K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.58M	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$19.10K	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total Non-Current Liabilities	`LiabilitiesNoncurrent`	$19.10K	USD	Point-in-time
Trade payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Trade payable	`AccountsPayableCurrent`	$38.74K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$40.86K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$28.68K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$19.75K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$25.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$87.17K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.68K	USD	Point-in-time
Total liabilities	`Liabilities`	$106.26K	USD	Point-in-time
Total liabilities	`Liabilities`	$66.68K	USD	Point-in-time
Preferred stock, $0.0001 par value, 200,000,000 shares authorized; None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value, 200,000,000 shares authorized; None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.0001 par value, 1,000,000,000 shares authorized 332,699,500 shares issued and outstanding as of July 31, 2022 and 2021 respectively	`CommonStockValue`	$33.27K	USD	Point-in-time
Common stock, $0.0001 par value, 1,000,000,000 shares authorized 332,699,500 shares issued and outstanding as of July 31, 2022 and 2021 respectively	`CommonStockValue`	$33.27K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.25M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.25M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.15K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.68M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.13M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.52M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$1.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$2.23M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.83K	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$66.27K	USD	Annual
Cost of revenue	`CostOfRevenue`	$53.79K	USD	Annual
Cost of revenue	`CostOfRevenue`	$16.99K	USD	Annual
Gross profit	`GrossProfit`	$3.84K	USD	Annual
Gross profit	`GrossProfit`	$12.48K	USD	Annual
Other income	`OtherNonoperatingIncome`	$12.14K	USD	Annual
Other income	`OtherNonoperatingIncome`	$62.68K	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	$40.46K	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$192.99K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$304.07K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$321.53K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$180.06K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-338.35K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-609.62K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-609.62K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-338.35K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-609.62K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-338.35K	USD	Annual
- Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.15K	USD	Annual
- Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-611.76K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-338.35K	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasic`	$-0.00	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasic`	$-0.00	USD	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	331.97M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-609.62K	USD	Annual
Net loss	`NetIncomeLoss`	$-338.35K	USD	Annual
Depreciation	`Depreciation`	$60.00	USD	Annual
Depreciation	`Depreciation`	$59.85K	USD	Annual
Share of loss in associate company	`ShareOfLossInAssociateCompany`	-	USD	Annual
Share of loss in associate company	`ShareOfLossInAssociateCompany`	$335.00	USD	Annual
Impairment loss on investment in associate company	`ImpairmentLossOnInvestment`	-	USD	Annual
Impairment loss on investment in associate company	`ImpairmentLossOnInvestment`	$231.71K	USD	Annual
Operating lease expenses	`OperatingLeaseExpenses`	$16.16K	USD	Annual
Operating lease expenses	`OperatingLeaseExpenses`	$13.07K	USD	Annual
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-39.03K	USD	Annual
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$21.96K	USD	Annual
Other receivables, prepayment and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymenrtAndDeposits`	$2.06K	USD	Annual
Other receivables, prepayment and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymenrtAndDeposits`	$1.41K	USD	Annual
Deferred cost	`IncreaseDecreaseInDeferredCharges`	-	USD	Annual
Deferred cost	`IncreaseDecreaseInDeferredCharges`	$764.00	USD	Annual
Trade payable	`IncreaseDecreaseInAccountsPayable`	$38.16K	USD	Annual
Trade payable	`IncreaseDecreaseInAccountsPayable`	$-38.74K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-12.99K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$12.19K	USD	Annual
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.03K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-18.64K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-279.18K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-367.82K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.04K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-3.04K	USD	Annual
Subscriptions receivables	`ProceedsFromSubscriptionsReceivables`	-	USD	Annual
Subscriptions receivables	`ProceedsFromSubscriptionsReceivables`	$782.00K	USD	Annual
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	$782.00K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-2.15K	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Annual
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$502.82K	USD	Annual
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-373.01K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.54M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.54M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Share price	`SharesIssuedPricePerShare`	$1.00	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.68M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time
Shares issued in Initial Public Offering completed on July 9, 2021 at $1.00 per share	`StockIssuedDuringPeriodValueInitialPublicOffering`	$782.00K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-609.62K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-338.35K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-2.15K	USD	Annual
Ending balance, value	`StockholdersEquity`	$1.68M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.