RHINO BITCOIN INC.

Tiny post-reverse-merger Bitcoin financial-services shell with $25k cash and explicit going-concern doubt.

Strengths

• Current/quick ratio ~3.9 (off a trivially small base)
• New Bitcoin banking strategy and treasury concept

Risks

• Cash of $25,052, runway ~0.3 quarters (5.0th pct); needs ~$3.5M to execute and has no credit facilities
• Going concern; reverse-merger control concentration (51% voting via Series A) and pre-revenue new business

Notable findings

• Going concernThese conditions raise substantial doubt about our ability to continue as a going concern
• Net lossNet loss (net margin -95.9%)
• Cash burnNegative free cash flow (-0.4M)
• Buying back stockNet buyback — share count -86%/yr over 2y
• Revenue declineRevenue -30.8% YoY