Rapid Line Inc. 10-K

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations We are a development-stage corporation with limited operations and no revenues from our business operations. Our independent auditor has issued a going-concern opinion. This means that our independent auditor believes there is substantial doubt that we can continue as an on-going business for the next twelve months. We do not anticipate that we will generate significant revenues, until we have obtained sufficient funds to initiate a marketing program, of which there is no assurance. Recent Change in Control Effective March 18, 2025, there occurred a change in control of our company. On such date, pursuant to a stock purchase agreement (the Change-in-Control Agreement), Jiang Jian acquired 2,500,000 shares of our common stock (the Acquired Shares) from Wiktor Moroz. The Acquired Shares represent approximately 68.82% of the outstanding shares of our common stock and constitute voting control of our company. In conjunction with the Change-in-Control Agreement, on March 18, 2025, Wiktor Moroz resigned as Sole Director, CEO, CFO and Secretary of our company and Jiang Jian was appointed as the Sole Director, President, Chief Executive Officer and Secretary of our company. There was not a change in the business plan of our company associated with the change in control. See Item 1. Description of Business and Item 13. Certain Relationships and Related Transactions, and Director Independence . Results of Operations Fiscal Year Ended January 31, 2025, Compared to Fiscal Year Ended January 31, 2024 . During the fiscal year ended January 31, 2025, we did not generate any revenue; during the fiscal year ended January 31, 2024, we generated total revenue of $7,800. Our net loss for the fiscal year ended January 31, 2025, was $27,565 compared to a net loss of $40,247 for the fiscal year ended January 31, 2024. Expenses incurred were $27,565 during the fiscal year ended January 31, 2025, compared to $48,047 in expenses during the fiscal year ended January 31, 2024. 3 Liquidity and Capital Resources At January 31, 2025 . As of January 31, 2025, we had cash of $36 (in escrow account) and a working capital deficit of $12,391, compared to cash of $4,452 (in escrow account) and a working capital deficit of $3,875. At January 31, 2025, our total assets were $32,541, consisting of mobile application and website development, accumulated amortization and prepaid expenses. As of January 31, 2024, our total assets were $28,761. Cash Flows Cash Flows from Operating Activities . We have not generated positive cash flows from operating activities. For the fiscal year ended January 31, 2025, net cash flows used in operating activities was $31,661. For the fiscal year ended January 31, 2024, net cash flows used in operating activities was $26,317. Cash Flows from Financing Activities . We have financed our operations primarily from either advances from our former sole executive officer. For the fiscal year ended January 31, 2025, net cash provided by financing activities was $27,245. For the fiscal year ended January 31, 2024, net cash from financing activities was $7,700. Off-Balance Sheet Arrangements We currently have no off-balance sheet arrangements. Going Concern Our financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. Our report from our independent registered public accounting firm for the fiscal year ended January 31, 2025, includes an explanatory paragraph stating our company has recurring losses and limited operations which raise substantial doubt about its ability to continue as a going concern. If our company is unable to obtain adequate capital, we may be required to reduce the scope, delay, or eliminate some or all of its planned operations. These factors, among others, raise substantial doubt about our company’s ability to continue as a going concern. Critical Accounting Policies The discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with the accounting principles generally accepted in the United States of America. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financial statements. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements. The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period. Actual results could differ from these good faith estimates and judgments. 4 Recent Accounting Pronouncements Recent accounting pronouncements issued by the Financial Accounting Standards Board (“FASB”), (including its EITF, the AICPA and the SEC), did not or are not believed by management to have a material effect on our company’s present or future financial statements. Item 7A. Quantitative and Qualitative Disclosures about Market Risk As a smaller reporting company, we are not required to provide the information required by this Item. Item 8. Financial Statements and Supplementary Data Please see our Financial Statements required by this Item, together with the report thereon of the Independent Registered Public Accounting Firm, beginning on page F-1 of this Annual Report. Item 9. Changes in and Disagreements with Accounting and Financial Disclosures. None.