RHINO BITCOIN INC. (RHNO)
Rhino Bitcoin Inc. delivers digital banking and a range of Bitcoin-centric financial services through its specialized application. This platform empowers clients to manage their Bitcoin operations, handle bill payments, secure loans, and contribute to retirement funds. The company's offerings cater to a diverse clientele, including private individuals, commercial enterprises, and various organizations. Established in 2018, the firm, headquartered in Miami, Florida, previously operated as Phoenix Plus Corp. before officially rebranding to Rhino Bitcoin Inc. in September 2025.
Sector: Construction - Special Trade Contractors
Industry: Financial - Capital Markets
Rhino Bitcoin Inc.
OTC:RHNOFinancial Services · Financial - Capital Markets
Mkt Cap$660.3M
Float45.69M
O/S74.19M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$478K
Net Income-$458K
Total Assets$1.55M
Free Cash Flow-$391K
Debt & Equity
Equity 100%
Total Debt$0
Total Equity$1.16M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitApr 19, 201610 shares → 1
Balance Sheet Details
Assets$1.55M
Liabilities$393K
Accounts Receivable$511K
Accounts Payable$210K
Inventory$0
PP&E (Net)$19K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 |
| Revenue | $478K | $1.23M | $100K | $21K | $66K | $61K | $10K |
| YoY Growth | -61.2% | 1134.4% | 379.4% | -68.6% | 7.8% | 502.2% | - |
| Cost of Revenue | $411K | $1.28M | $84K | $17K | $114K | $74K | $0 |
| Gross Profit | $67K | -$53K | $16K | $4K | -$47K | -$12K | $0 |
| Gross Margin | 14.0% | -4.3% | 15.5% | 18.4% | -71.5% | -19.8% | - |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $572K | $379K | $371K | $304K | $354K | $739K | $101 |
| Other | $360 | $5K | $33K | $309K | $0 | $0 | $0 |
| Total Operating Expenses | $573K | $384K | $404K | $613K | $354K | $739K | $101 |
| Operating Income (EBIT) | -$506K | -$437K | -$389K | -$610K | -$401K | -$751K | $10K |
| Operating Margin | -105.8% | -35.4% | -389.4% | -2927.2% | -605.2% | -1222.6% | 99.0% |
| Interest Expense | $9K | $5K | $625 | $2K | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $15 | $0 |
| Other Income (Expense) | $48K | -$1K | -$524 | $0 | $63K | -$46K | -$26K |
| Income Before Tax (EBT) | -$458K | -$438K | -$389K | -$610K | -$338K | -$797K | -$15K |
| Income Tax Expense | $481 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$458K | -$438K | -$389K | -$610K | -$338K | -$797K | -$15K |
| Net Income Margin | -95.9% | -35.5% | -389.9% | -2927.2% | -510.6% | -1297.0% | -151.2% |
| Supplementary Data | |||||||
| EPS | -0.07 | -0.07 | -0.06 | -0.09 | -0.05 | -0.11 | -0.00 |
| Diluted EPS | -0.07 | -0.07 | -0.06 | -0.09 | -0.05 | -0.11 | -0.00 |
| Weighted Average OS | 6.68M | 6.65M | 6.65M | 6.65M | 6.64M | 7.24M | 7.24M |
| EBITDA | -$417K | -$404K | -$360K | -$608K | -$325K | -$682K | $10K |
| EBITDA Margin | -87.3% | -32.8% | -360.9% | -2919.0% | -490.5% | -1109.5% | 99.0% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $25K | $434K | $1.11M | $1.54M | $1.91M | $1.41M | $2.29M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $25K | $434K | $1.11M | $1.54M | $1.91M | $1.41M | $2.29M |
| Accounts Receivable | $511K | $391K | $31K | $2K | $272K | $18K | $208K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $32K | $4K | $324 | $764 | $3K | $243K | $3K |
| Total Current Assets | $1.53M | $842K | $1.15M | $1.55M | $2.2M | $1.67M | $2.5M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $19K | $80K | $97K | $29K | $39K | $74K | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $19K | $80K | $97K | $29K | $39K | $74K | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.55M | $922K | $1.25M | $1.58M | $2.23M | $1.74M | $2.5M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $210K | $149K | $4K | $0 | $39K | $577 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $20K | $17K | $0 |
| Current Income Tax Payable | $481 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | $0 | $0 | $29K | $42K | $22K |
| Total Current Liabilities | $393K | $213K | $70K | $67K | $87K | $59K | $22K |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $0 | $32K | $58K | $0 | $19K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $393K | $245K | $128K | $67K | $106K | $59K | $22K |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $713 | $665 | $33K | $33K | $33K | $33K | $33K |
| Retained Earnings | -$3.05M | -$2.59M | -$2.15M | -$1.76M | -$1.15M | -$812K | -$15K |
| Comprehensive Income & Other | -$34K | -$14K | -$6K | -$2K | $0 | $0 | $0 |
| Other Stockholders' Equity | $4.2M | $3.26M | $3.24M | $3.24M | $3.25M | $2.46M | $2.46M |
| Total Equity | $1.16M | $677K | $1.12M | $1.52M | $2.13M | $1.68M | $2.48M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.55M | $922K | $1.25M | $1.58M | $2.23M | $1.74M | $2.5M |
| Supplementary Data | |||||||
| Total Debt | $0 | $61K | $87K | $26K | $39K | $17K | $0 |
| Net Debt | -$25K | -$373K | -$1.02M | -$1.51M | -$1.87M | -$1.39M | -$2.29M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-07-31 | 2024-07-31 | 2023-07-31 | 2022-07-31 | 2021-07-31 | 2020-07-31 | 2019-07-31 |
| Operating Activities | |||||||
| Net Income | -$458K | -$438K | -$389K | -$610K | -$338K | -$797K | -$15K |
| Depreciation & Amortization | $31K | $29K | $28K | $60 | $76K | $70K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$145K | -$382K | -$31K | $37K | -$22K | -$247K | -$10K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $61K | $145K | $4K | -$39K | $38K | $577 | $0 |
| Other Working Capital | $124K | -$32K | $57K | -$2K | -$33K | $37K | $18K |
| Total Working Capital Change | $40K | -$269K | $31K | -$3K | -$17K | -$210K | $8K |
| Other Non-Cash Items | -$245 | $25K | -$88K | $245K | $0 | -$29K | $0 |
| Net Cash from Operating | -$388K | -$653K | -$418K | -$368K | -$279K | -$967K | -$7K |
| Investing Activities | |||||||
| Capital Expenditures | -$3K | -$14K | -$8K | -$3K | $0 | -$114K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$3K | -$14K | -$8K | -$3K | $0 | -$114K | $0 |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | - | - | - | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $2.5M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $782K | $198K | -$198K |
| Net Cash from Financing | $0 | $0 | $0 | $0 | $782K | $198K | $2.3M |
| Forex Effect | -$19K | -$7K | -$4K | -$2K | $0 | $0 | $0 |
| Net Change in Cash | -$409K | -$674K | -$430K | -$373K | $503K | -$883K | $2.29M |
| Supplementary Data | |||||||
| Operating Cash Flow | -$388K | -$653K | -$418K | -$368K | -$279K | -$967K | -$7K |
| Capital Expenditure | -$3K | -$14K | -$8K | -$3K | -$4 | -$114K | $7K |
| Free Cash Flow | -$391K | -$667K | -$426K | -$371K | -$279K | -$1.08M | $0 |
| Cash at Beginning | $434K | $1.11M | $1.54M | $1.91M | $1.41M | $2.29M | $0 |
| Cash at End | $25K | $434K | $1.11M | $1.54M | $1.91M | $1.41M | $2.29M |