10-Q Filing

RHINO BITCOIN INC. CIK: 1785493 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-035382`
Period End Date	20221031
Filing Date	20221214
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 65 Income Statement 28 Cash Flow Statement 46 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
Trade receivables	`AccountsReceivableNetCurrent`	$15.51K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other receivables, prepayment and deposits	`AccountsAndOtherReceivablesNetCurrent`	$14.36K	USD	Point-in-time
Other receivables, prepayment and deposits	`AccountsAndOtherReceivablesNetCurrent`	$29.65K	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`	$764.00	USD	Point-in-time
Deferred cost	`DeferredCostsCurrent`	$9.80K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	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
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`	$1.40M	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`	$3.97K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.98K	USD	Point-in-time
Lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$17.56K	USD	Point-in-time
Lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$25.78K	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`	$21.54K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.43M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.19M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.58M	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$3.65K	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	-	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$40.86K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$38.62K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$9.36K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$17.62K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$25.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$66.68K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$69.25K	USD	Point-in-time
Total liabilities	`Liabilities`	$69.25K	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 October 31, 2022 and July 31, 2022 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 October 31, 2022 and July 31, 2022 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`	$-2.15K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-15.56K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.91M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.36M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.13M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$1.58M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$1.43M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.13K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.92K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$13.78K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$16.33K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.59K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.35K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$1.00	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$35.15K	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	$-58.00	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	-	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$147.05K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$68.85K	USD	1 Quarter
FINANCE COST	`FinanceCostExpense`	$-280.00	USD	1 Quarter
FINANCE COST	`FinanceCostExpense`	$-506.00	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-30.67K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-145.98K	USD	1 Quarter
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
- Foreign exchange adjustment loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.41K	USD	1 Quarter
- Foreign exchange adjustment loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-30.67K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-159.39K	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	$-58.00	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	-	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Depreciation	`Depreciation`	$220.00	USD	1 Quarter
Operating lease expenses	`OperatingLeaseExpenses`	$7.86K	USD	1 Quarter
Operating lease expenses	`OperatingLeaseExpenses`	$4.18K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$14.64K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-676.00	USD	1 Quarter
Other receivables, prepayment and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymenrtAndDeposits`	$15.29K	USD	1 Quarter
Other receivables, prepayment and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymenrtAndDeposits`	$-5.43K	USD	1 Quarter
Deferred cost	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Deferred cost	`IncreaseDecreaseInDeferredCharges`	$9.04K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayable`	$3.65K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-4.49K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.25K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.71K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$9.36K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-4.18K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-8.20K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-174.30K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.70K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.38K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-1.38K	USD	1 Quarter
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-12.89K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-188.56K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-32.70K	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.35M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.54M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.54M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.10M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-13.41K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.10M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time

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