10-Q Filing

RHINO BITCOIN INC. CIK: 1785493 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-007367`
Period End Date	20230131
Filing Date	20230313
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 63 Income Statement 58 Cash Flow Statement 52 Stockholders Equity 20

Balance Sheet 63 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
Trade receivables	`AccountsReceivableNetCurrent`	$868.00	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$16.02K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other receivables, prepayment and deposits	`AccountsAndOtherReceivablesNetCurrent`	$38.30K	USD	Point-in-time
Other receivables, prepayment and deposits	`AccountsAndOtherReceivablesNetCurrent`	$14.36K	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
Deferred cost	`DeferredCostsCurrent`	$8.27K	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, 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 in hand and at bank	`CashAndCashEquivalentsAtCarryingValue`	$1.54M	USD	Point-in-time
Cash in hand and at bank	`CashAndCashEquivalentsAtCarryingValue`	$1.34M	USD	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 issued	`CommonStockSharesIssued`	332.70M	shares	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
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$4.16K	USD	Point-in-time
Plant and equipment, net	`PropertyPlantAndEquipmentNet`	$2.98K	USD	Point-in-time
Lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$11.91K	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`	$16.07K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$28.76K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.42M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.07M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.58M	USD	Point-in-time
Other payables, accrued liabilities and deposits received	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$19.59K	USD	Point-in-time
Other payables, accrued liabilities and deposits received	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$40.86K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$11.97K	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`	$31.55K	USD	Point-in-time
Total liabilities	`Liabilities`	$66.68K	USD	Point-in-time
Total liabilities	`Liabilities`	$31.55K	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 January 31, 2023 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 January 31, 2023 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 income / (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-2.15K	USD	Point-in-time
Accumulated other comprehensive income / (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$4.59K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.76M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.90M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.52M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.10M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.13M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.02M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.36M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.39M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$1.42M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$1.58M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.92K	USD	2 Qtrs
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$20.46K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$35.59K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$14.57K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$28.36K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$16.33K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	$5.88K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.59K	USD	2 Qtrs
GROSS PROFIT	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.23K	USD	2 Qtrs
OTHER INCOME	`OtherNonoperatingIncome`	$438.00	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$35.59K	USD	2 Qtrs
OTHER INCOME	`OtherNonoperatingIncome`	$105.02K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$105.02K	USD	2 Qtrs
EQUITY METHOD LOSS	`GainLossOnInvestments`	$-146.00	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	-	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	$-204.00	USD	2 Qtrs
EQUITY METHOD LOSS	`GainLossOnInvestments`	-	USD	2 Qtrs
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$246.66K	USD	2 Qtrs
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$99.61K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$74.62K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$143.47K	USD	2 Qtrs
FINANCE COST	`FinanceCostExpense`	$-199.00	USD	1 Quarter
FINANCE COST	`FinanceCostExpense`	$-938.00	USD	2 Qtrs
FINANCE COST	`FinanceCostExpense`	$-479.00	USD	2 Qtrs
FINANCE COST	`FinanceCostExpense`	$-432.00	USD	1 Quarter
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-105.43K	USD	2 Qtrs
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-74.76K	USD	1 Quarter
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$11.10K	USD	1 Quarter
PROFIT/(LOSS) BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-134.88K	USD	2 Qtrs
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-134.88K	USD	2 Qtrs
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-105.43K	USD	2 Qtrs
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-74.76K	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$11.10K	USD	1 Quarter
NET PROFIT/(LOSS)	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
- Foreign exchange adjustment gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$6.74K	USD	2 Qtrs
- Foreign exchange adjustment gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	2 Qtrs
- Foreign exchange adjustment gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
- Foreign exchange adjustment gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$20.15K	USD	1 Quarter
COMPREHENSIVE INCOME /(LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$31.24K	USD	1 Quarter
COMPREHENSIVE INCOME /(LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-74.76K	USD	1 Quarter
COMPREHENSIVE INCOME /(LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-105.43K	USD	2 Qtrs
COMPREHENSIVE INCOME /(LOSS)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-128.15K	USD	2 Qtrs
Net loss per share, basic and diluted:	`EarningsPerShareBasic`	$-0.00	USD	2 Qtrs
Net loss per share, basic and diluted:	`EarningsPerShareBasic`	$0.00	USD	1 Quarter
Net loss per share, basic and diluted:	`EarningsPerShareBasic`	$-0.00	USD	2 Qtrs
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	2 Qtrs
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	2 Qtrs
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 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-134.88K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-105.43K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-74.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$11.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	$-146.00	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	-	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	$-204.00	USD	2 Qtrs
Equity method investment loss	`GainLossOnInvestments`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$444.00	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Amortization of right-of-use	`AmortizationOfRightofuse`	$9.87K	USD	2 Qtrs
Amortization of right-of-use	`AmortizationOfRightofuse`	$13.87K	USD	2 Qtrs
Operating lease expense	`OperatingLeaseExpenses`	-	USD	2 Qtrs
Operating lease expense	`OperatingLeaseExpenses`	$938.00	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-19.98K	USD	2 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$15.15K	USD	2 Qtrs
Other receivables, prepayment and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymenrtAndDeposits`	$-24.00	USD	2 Qtrs
Other receivables, prepayment and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymenrtAndDeposits`	$23.94K	USD	2 Qtrs
Deferred cost	`IncreaseDecreaseInDeferredCharges`	-	USD	2 Qtrs
Deferred cost	`IncreaseDecreaseInDeferredCharges`	$7.50K	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	$-22.41K	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-21.28K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-26.58K	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-10.81K	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.85K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-202.28K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-134.21K	USD	2 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.52K	USD	2 Qtrs
Purchase of plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-1.52K	USD	2 Qtrs
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash provided by financing activity	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$6.63K	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-134.21K	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-197.17K	USD	2 Qtrs
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.34M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.78M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.54M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.34M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.78M	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`	$1.54M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.10M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.02M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.39M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-134.88K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-105.43K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-74.76K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$11.10K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$20.15K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-13.41K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$1.52M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.10M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.02M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.36M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.39M	USD	Point-in-time

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