10-Q Filing

RHINO BITCOIN INC. CIK: 1785493 Q1 2024

Filing Information

Form Type	10-Q
Accession Number	`0001493152-23-044643`
Period End Date	20231031
Filing Date	20231213
Fiscal Year	2024
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 32 Cash Flow Statement 52 Stockholders Equity 12

Balance Sheet 73 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`	$12.09K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$84.41K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$190.65K	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$18.72K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Other receivables, prepayments and deposits	`AccountsAndOtherReceivablesNetCurrent`	$14.99K	USD	Point-in-time
Other receivables, prepayments and deposits	`AccountsAndOtherReceivablesNetCurrent`	$55.59K	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
Deferred cost	`DeferredCostsCurrent`	$50.66K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Deferred cost	`DeferredCostsCurrent`	$324.00	USD	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
Retention sum receivables	`RetentionSumReceivables`	-	USD	Point-in-time
Retention sum receivables	`RetentionSumReceivables`	$37.18K	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
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$821.37K	USD	Point-in-time
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$1.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.24M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.15M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$9.71K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$10.45K	USD	Point-in-time
Lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$86.82K	USD	Point-in-time
Lease right-of-use asset	`OperatingLeaseRightOfUseAsset`	$76.67K	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`	$96.53K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$87.12K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.25M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.33M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.43M	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$52.00K	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$57.61K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$57.61K	USD	Point-in-time
Total non-current liabilities	`LiabilitiesNoncurrent`	$52.00K	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$4.20K	USD	Point-in-time
Trade payables	`AccountsPayableCurrent`	$86.38K	USD	Point-in-time
Retention sum payables	`RetentionSumPayables`	$51.91K	USD	Point-in-time
Retention sum payables	`RetentionSumPayables`	-	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$36.75K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$36.29K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$25.10K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$29.21K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$199.69K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$70.16K	USD	Point-in-time
Total liabilities	`Liabilities`	$251.69K	USD	Point-in-time
Total liabilities	`Liabilities`	$127.77K	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, 2023 and July 31, 2023 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, 2023 and July 31, 2023 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`	$-9.76K	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.92K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.15M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.08M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.12M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.36M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.52M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$1.25M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS FUND	`LiabilitiesAndStockholdersEquity`	$1.33M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$444.07K	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$15.13K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$13.78K	USD	1 Quarter
Cost of revenue	`CostOfRevenue`	$378.31K	USD	1 Quarter
Gross profit	`GrossProfit`	$65.76K	USD	1 Quarter
Gross profit	`GrossProfit`	$1.35K	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$1.00	USD	1 Quarter
Other income	`OtherNonoperatingIncome`	$10.00	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$147.05K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$97.98K	USD	1 Quarter
Finance cost	`FinanceCostExpense`	$-280.00	USD	1 Quarter
Finance cost	`FinanceCostExpense`	$-1.36K	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$10.25K	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-43.82K	USD	1 Quarter
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-145.98K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss for the year	`NetIncomeLoss`	$-43.82K	USD	1 Quarter
Net loss for the year	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
- Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-13.41K	USD	1 Quarter
- Foreign currency translation loss	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.84K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-159.39K	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-47.66K	USD	1 Quarter
Net loss per share, basic	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Net loss per share, basic	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Net loss per share, diluted	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Net loss per share, diluted	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	1 Quarter
Weighted average number of common shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	1 Quarter
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	332.70M	shares	1 Quarter
Weighted average number of common shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	332.70M	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-43.82K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	-	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	-	USD	1 Quarter
Depreciation	`Depreciation`	$220.00	USD	1 Quarter
Depreciation	`Depreciation`	$543.00	USD	1 Quarter
Operating lease expenses	`OperatingLeaseExpenses`	$7.52K	USD	1 Quarter
Operating lease expenses	`OperatingLeaseExpenses`	$7.86K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$14.64K	USD	1 Quarter
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$72.32K	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	-	USD	1 Quarter
Contract assets	`IncreaseDecreaseInContractWithCustomerAsset`	$171.92K	USD	1 Quarter
Other receivables, prepayments and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymentsAndDeposits`	$40.59K	USD	1 Quarter
Other receivables, prepayments and deposits	`IncreaseDecreaseInOtherReceivablesPrepaymentsAndDeposits`	$15.29K	USD	1 Quarter
Deferred cost	`IncreaseDecreaseInDeferredCost`	$-9.04K	USD	1 Quarter
Deferred cost	`IncreaseDecreaseInDeferredCost`	$-50.33K	USD	1 Quarter
Retention sum receivables	`IncreaseDecreaseInRetentionSumReceivables`	-	USD	1 Quarter
Retention sum receivables	`IncreaseDecreaseInRetentionSumReceivables`	$37.18K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayable`	$3.65K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayable`	$82.18K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-460.00	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-2.25K	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredCharges`	-	USD	1 Quarter
Deferred revenue	`IncreaseDecreaseInDeferredCharges`	$-9.36K	USD	1 Quarter
Retention sum payables	`IncreaseDecreaseInRetentionSumPayables`	-	USD	1 Quarter
Retention sum payables	`IncreaseDecreaseInRetentionSumPayables`	$51.91K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-8.20K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-9.71K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-174.30K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-284.18K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.38K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.62K	USD	1 Quarter
Net cash used in investing activity	`NetCashProvidedByUsedInInvestingActivities`	$-1.62K	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`	$-872.00	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`	$-286.67K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-188.56K	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$821.37K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	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`	$1.35M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$821.37K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.11M	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`	$1.35M	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 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-43.82K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-145.98K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-3.84K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-13.41K	USD	1 Quarter
Balance	`StockholdersEquity`	$1.08M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.12M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.52M	USD	Point-in-time

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