What changed in this filing

/stocks — the workspaceLOADING

Item 1. Financial Statements

2022-12-13 compared with 2022-09-12 · 65 added, 57 removed, 216 unchanged (36% of the section changed)

2 unchanged sentences

BALANCE SHEETS

July 31, 2022

October 31, 2022

From January 10, 2022 (Inception) to

16 unchanged sentences

Stockholders’ Equity

Common stock, $0.0001 par value, 75,000,000 shares authorized;

Common stock, $ 0.0001

par value, 75,000,000

shares authorized;

3,292,750 and 2,500,000 shares issued and outstanding respectively;

7 unchanged sentences

STATEMENT OF OPERATIONS (Unaudited)

July 31, 2022

October 31, 2022

OPERATING EXPENSES

22 unchanged sentences

Balance, July 31, 2022

Shares issued for cash at $0.02 per share in October, 2022

Net loss for the period ending October 31, 2022

Balance, October 31, 2022

The accompanying notes are an integral part of

2 unchanged sentences

STATEMENT OF CASH FLOWS (Unaudited)

July 31, 2022

October 31, 2022

CASH FLOWS FROM OPERATING ACTIVITIES

19 unchanged sentences

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

SINCE INCEPTION ON JANUARY 10, 2022 TO July

SINCE INCEPTION ON JANUARY 10, 2022 TO OCTOBER

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

RAPID LINE INC.

(referred as the “Company”, “we”,

“our”) is a development stage company formed to commence operations concerned with online education.

We were incorporated

under the laws of the state of Wyoming on January 10, 2022.

From our formation we were engaged in the business of namely the development,

marketing and business process analysis, problem solving and general business services by our CEO, sole Officer and Director Mr.

(referred as the “Company”,

“we”, “our”) is a development stage company formed to commence operations concerned with online education.

were incorporated under the laws of the state of Wyoming on January 10, 2022.

From our formation we were engaged in the business of namely

the development, marketing and business process analysis, problem solving and general business services by our CEO, sole Officer and Director

Our executive and business

1 unchanged sentence

GOING CONCERN

The Company’s financial statements have

been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization of assets, and

liquidation of liabilities in the normal course of business.

As reflected in the financial statements,

the Company had an accumulated deficit from Inception of $ 18,085 at July 31, 2022.

The Company had net loss of $ 6,407 for the three months

ended July 31, 2022.

The Company has Promissory Notes on a balance sheet of $ 41,000 at July 31, 2022.

These factors raise substantial

doubt about the Company’s ability to continue as a going concern.

The Company is attempting to commence operations and generate sufficient

however, the Company’s cash position may not be sufficient to support the Company’s daily operations.

intends to raise additional funds by way of a private or public offering.

While the Company believes in the viability of its strategy

to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances to that

The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its

business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

The financial statements do not include any

adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification of liabilities

that might be necessary should the Company be unable to continue as a going concern.

The Company’s financial

statements have been prepared assuming that it will continue as a going concern, which contemplates continuity of operations, realization

of assets, and liquidation of liabilities in the normal course of business.

As reflected in the financial

statements, the Company had an accumulated deficit from Inception of $ 23,659 at October 31, 2022.

The Company had net loss of $ 5,575 for

the three months ended October 31, 2022.

The Company has Promissory Notes on a balance sheet of $ 41,000 at October 31, 2022.

These factors

raise substantial doubt about the Company’s ability to continue as a going concern.

The Company is attempting to commence operations

and generate sufficient revenue;

however, the Company’s cash position may not be sufficient to support the Company’s daily

Management intends to raise additional funds by way of a private or public offering.

While the Company believes in the viability

of its strategy to commence operations and generate sufficient revenue and in its ability to raise additional funds, there can be no assurances

to that effect.

The ability of the Company to continue as a going concern is dependent upon the Company’s ability to further implement

its business plan and generate sufficient revenue and its ability to raise additional funds by way of a public or private offering.

The financial statements

do not include any adjustments related to the recoverability and classification of recorded asset amounts or the amounts and classification

of liabilities that might be necessary should the Company be unable to continue as a going concern.

The extent of the impact of the coronavirus (“COVID-19”)

4 unchanged sentences

adversely affected.

NOTE 3 – SUMMARY

OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING

Basis of Presentation

33 unchanged sentences

– 60 months (5 years)

Since Inception to July

Since Inception to October

31, 2022 the company’s accumulated amortization was $ 6,499 .

2 unchanged sentences

note payable of $ 41,000 , as per contract the company has to pay interest of 10% annually.

As of July 31, 2022 the Company’s Interest

As of October 31, 2022 the Company’s Interest

payable is $ 3,255 .

25 unchanged sentences

all potential common shares if their effect is anti-dilutive.

As of July 31, 2022,

As of October 31, 2022,

there were no potentially dilutive debt or equity instruments issued or outstanding.

9 unchanged sentences

financial statements.

NOTE 4 – LOAN

FROM DIRECTOR

As of July 31, 2022, the Company owed $ 13,244

NOTE 4 – LOAN FROM DIRECTOR

As of October 31, 2022, the Company owed $ 13,244

to the Company’s sole director, Wiktor Moroz for the Company’s working capital purposes.

The amount is outstanding and

payable upon request.

The company compensated the director by issuing common shares 2,500,000 at par value $250 towards incurred

company’s expenses as of January 10, 2022.

NOTE 5 – COMMON

The amount is outstanding and payable

upon request.

The company compensated the director by issuing common shares 2,500,000 at par value $ 250 towards incurred company’s

expenses as of January 10, 2022.

NOTE 5 – COMMON STOCK

The Company has 75,000,000 ,

2 unchanged sentences

Company issued 2,500,000 shares of common stock to a director for services rendered estimated to be $ 250 at $0.0001 per share.

Company issued 167,500 common shares to few individuals at $0.02 per share in consideration of $ 3,350 .

In July, the Company

issued 167,500 common shares to few individuals at $0.02 per share in consideration of $ 3,350 .

There were 2,667,500

shares of common stock issued and outstanding as of July 31, 2022.

NOTE 6 – COMMITMENTS

AND CONTINGENCIES

In October, the Company

issued 625,250 common shares to few individuals at $0.02 per share in consideration of $ 12,505 .

There were 3,292,750

shares of common stock issued and outstanding as of October 31, 2022.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Our sole officer and

1 unchanged sentence

He will not take any fee for these premises, it is for

NOTE 7 – INCOME

NOTE 7 – INCOME TAXES

On December 22, 2017,

9 unchanged sentences

statutory rate at 21% for the period ended as follows:

Reconciliation of income tax benefit (expense)

July 31, 2022

Schedule of income tax benefit (expense)

October 31, 2022

Tax benefit (expenses) at U.S.

5 unchanged sentences

Schedule of deferred taxes

July 31, 2022

October 31, 2022

Net operating loss

12 unchanged sentences

for every period because it is more likely than not that all of the deferred tax asset will not be realized.

NOTE 8 – SUBSEQUENT

NOTE 8 – SUBSEQUENT EVENTS

In accordance with ASC

855-10 the Company has analyzed its operations subsequent to July 31, 2022 to the date these financial statements were issued, and has

determined that it does not have any material subsequent events to disclose in these financial statements.

855-10 the Company has analyzed its operations subsequent to October 31, 2022 to the date these financial statements were issued, and

has determined that it does not have any material subsequent events to disclose in these financial statements.

The extent of the impact

4 unchanged sentences

future operating results may be materially adversely affected.

After July 31, 2022 the

Company issued 290,250 common shares to 9 shareholders.

After October 31, 2022

the Company issued 275,000 common shares to 8 shareholders.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements