What changed in this filing

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Item 1. Financial Statements

2025-07-07 compared with 2024-11-21 · 79 added, 82 removed, 202 unchanged (44% of the section changed)

19 unchanged sentences

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

3,632,750 shares issued and outstanding October 31, 2024 and January 31, 2024 respectively;

3,632,750 shares issued and outstanding April 30, 2025, and January 31, 2025, respectively;

Additional paid-in-capital

Accumulated deficit

Retained earnings (Accumulated deficit)

Total Stockholders’ Equity

4 unchanged sentences

STATEMENT OF OPERATIONS (Unaudited)

October 31, 2024

October 31, 2023

October 31, 2024

October 31, 2023

April 30, 2025

April 30, 2024

OPERATING EXPENSES

2 unchanged sentences

NET INCOME (LOSS) FROM OPERATIONS

OTHER INCOME (EXPENSE)

Forgiveness of debt

TOTAL OTHER INCOME/EXPENSE

PROVISION FOR INCOME TAXES

10 unchanged sentences

Inception, January 10, 2022

Shares issued for cash at $0.0001 per share on January 10, 2022

Net loss for the year ended January 31, 2022

Shares issued for cash at $0.0001 per

share on January 10, 2022

the year ended January 31, 2022

Balance, January 31, 2022

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

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

Shares issued for cash at $0.02 per share in January, 2023

Net loss for the period ending January 31, 2023

Shares issued for cash at $0.02

per share in July, 2022

Shares issued for cash at $0.02

per share in October, 2022

Shares issued for cash at $0.02

per share in January, 2023

Net loss for the period ending

January 31, 2023

Balance, January 31, 2023

Shares issued for cash at $0.02 per share in April, 2023

Net loss for the period ending January 31, 2024

Shares issued for cash at $0.02

per share in April, 2023

Net loss for the period ending

January 31, 2024

Balance, January 31, 2024

Net loss for the period ending April 30, 2024

Net loss for the period ending

January 31, 2025

Balance, January 31, 2025

Net income for the period ending

April 30, 2025

Balance, April 30, 2025

Net loss for the period ending July 31, 2024

Balance, July 31, 2024

Net loss for the period ending October 31, 2024

Balance, October 31, 2024

The accompanying notes are an integral part of

these financial statements.

RAPID LINE INC.

STATEMENT OF CASH FLOWS (Unaudited)

October 31, 2024

October 31, 2023

April 30, 2025

April 30, 2024

CASH FLOWS FROM OPERATING ACTIVITIES

2 unchanged sentences

Accumulated amortization

Forgiveness of debt

Increase/Decrease related to Prepaid Expenses

3 unchanged sentences

Interest payable

Capital Stock

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

8 unchanged sentences

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

SINCE INCEPTION ON JANUARY 10, 2022 TO OCTOBER

NOTE 1 – ORGANIZATION AND BASIS OF

FOR THE THREE MONTHS ENDED APRIL 30, 2025

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

RAPID LINE INC.

3 unchanged sentences

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

the development, marketing and business process analysis, problem solving and general business services by our sole officer and director,

Our executive and business office is located at

Gieldowa 4A, Warsaw 01-211, Poland, and our telephone number is +48222196622.

51st Floor, T1 Building, Qianhai Excellence No.

1, Shenzen, China.

NOTE 2 – GOING CONCERN

3 unchanged sentences

As reflected in the financial statements, the

Company had an accumulated deficit from Inception of $ 87,850 at October 31, 2024.

The Company had net loss of $ 2,806 for the three months

ended October 31, 2024.

The Company has Promissory Notes on a balance sheet of $ 41,000 at October 31, 2024.

These factors raise substantial

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

Company had retained earnings of $ 7,550 at April 30, 2025.

The Company had net income of $ 98,283 , which was attributable to forgiveness

of debt of $ 114,731 , for the three months ended April 30, 2025.

The Company has never generated any revenues and, unless it obtains capital,

is not expected to generate any revenues for the foreseeable future.

These factors raise substantial doubt about the Company’s ability

to continue as a going concern.

The Company is attempting to commence operations

10 unchanged sentences

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

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

outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak

and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot

be predicted.

If the overall economy is impacted for an extended period, the Company’s future operating results may be materially

adversely affected.

NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING

16 unchanged sentences

based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer.

During the period ended October 31, 2024, we have no t generated any

During the period ended April 30, 2025, the Company did not generate

Use of Estimates

8 unchanged sentences

The Company issued 2,500,000 common shares for $250 at par

value $0.0001 for the purpose of taking care of financial operations for the Company by the director Wiktor Moroz.

value $0.0001 to its former officer and director, Wictor Moroz, for the purpose of his taking care of financial operations for the Company.

Mobile Application and Website development

4 unchanged sentences

Term of amortization – 60 months (5 years).

Since Inception to October 31, 2024 the company’s

Since Inception to April 30, 2025 the company’s

accumulated amortization was $ 10,598 .

Interest Payable Note

The Company holds Promissory note payable of $ 41,000 ,

as per contract the company has to pay interest of 10% annually.

As of October 31, 2024 the Company’s Interest payable is $ 11,455 .

All interest owed pursuant to loans were forgiven

during the three months ended April 30, 2025.

As of April 30, 2025, the Company had no liabilities.

Fair Value of Financial Instruments

23 unchanged sentences

shares if their effect is anti-dilutive.

As of October 31, 2024, there were no potentially

As of April 30, 2025, there were no potentially

dilutive debt or equity instruments issued or outstanding.

7 unchanged sentences

NOTE 4 – LOAN FROM DIRECTOR

As of October 31, 2024, the Company owed $ 42,964

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.

As of April 30, 2025, all loans from the Company’s

prior sole officer and director, Wiktor Moroz, had been forgiven by Mr.

Moroz, in the total amount of $ 114,731 .

NOTE 5 – COMMON STOCK

7 unchanged sentences

and outstanding as of July 31, 2022.

In October of 2022, the Company issued 625,250

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

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

6 unchanged sentences

to few individuals at $0.02 per share in consideration of $ 1,300 .

There were 3,632,750 shares of common stock issued

and outstanding as of October 31, 2024.

There were 3,632,750

shares of common stock issued and outstanding as of April 30, 2025.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

Our sole officer and director, Wiktor Moroz, has

agreed to provide his own premise under office needs.

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

Our sole officer and director, Jiang Jian, provides

office space to the Company at no charge.

NOTE 7 – INCOME TAXES

9 unchanged sentences

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

Schedule of income tax expense

October 31, 2024

Schedule of income tax benefit (expense)

April 30, 2025

Tax benefit (expenses) at U.S.

5 unchanged sentences

Schedule of deferred tax assets

October 31, 2024

Net operating loss

April 30, 2025

Valuation allowance

1 unchanged sentence

The Company has accumulated approximately $ 7,550

of net operating losses (“NOL”) carried forward to offset future taxable income up to 20 years, if any, in future years which

begin to expire in year 2038.

In assessing the realization of deferred tax assets, management considers whether it is more likely than

not that some portion or all of the deferred tax assets will be realized.

The ultimate realization of deferred tax assets is dependent

upon the generation of future taxable income during the periods in which those temporary differences become deductible.

Management considers

the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment.

Based on the assessment, management has established a full valuation allowance against all of the deferred tax asset relating to NOLs

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

of retained earnings through April 30, 2025, and currently possesses no net operating loss carry-forward to offset future taxable income.

NOTE 8 – CHANGE IN CONTROL

Effective March 18, 2025, there occurred a change

in control of the Company.

On such date, pursuant to a stock purchase agreement (the “Change-in-Control Agreement”), Jiang

Jian acquired 2,500,000 shares of the Company’s common stock (the “Acquired Shares”) from Wiktor Moroz.

Shares represent approximately 68.82% of the outstanding shares of the Company’s common stock and constitute voting control of the

The total consideration paid by Mr.

Jian for the Acquired Shares was $362,315 in cash.

In conjunction with the Change-in-Control

Agreements, on March 18, 2025, Wiktor Moroz resigned as Sole Director, CEO, CFO and Secretary of the Company and Jiang Jian was appointed

as the Sole Director, President, Chief Executive Officer and Secretary of the Company.

NOTE 9 – FORGIVENESS OF DEBT

Effective March 18, 2025, in connection with the

Change-in-Control Agreement, the Company’s former sole officer and director, Wictor Moroz, forgave all amounts owed to him by the

Company, a total amount of $ 114,731 in principal and interest.

NOTE 10 – SUBSEQUENT EVENTS

In accordance with ASC 855-10 the Company has

analyzed its operations subsequent to October 31, 2024 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 of the coronavirus (“COVID-19”)

outbreak on the financial performance of the Company will depend on future developments, including the duration and spread of the outbreak

and related advisories and restrictions and the impact of COVID-19 on the overall economy, all of which are highly uncertain and cannot

be predicted.

If the overall economy is impacted for an extended period, the Company’s future operating results may be materially

adversely affected.

analyzed its operations subsequent to April 30, 2025, to the date these financial statements were issued, June 23, 2025, and has determined

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

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