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Item 7. Management’s Discussion and Analysis

2026-05-13 compared with 2025-03-31 · 186 added, 80 removed, 15 unchanged (95% of the section changed)

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.

Management’s Discussion and Analysis of Financial Condition

and Results of Operations

Rapid Line Inc.

(the “Company,”“we,”“us,”

or “our”) is a development stage company incorporated in the State of Wyoming.

We have developed a mobile application and website

platform designed to connect service providers with consumers.

As of January 31, 2026, we have not generated any revenues from our operations

and continue to rely on financing from related and third parties to fund our activities.

The following discussion and analysis of our

financial condition and results of operations should be read in conjunction with our audited financial statements and the related notes

thereto for the fiscal year ended January 31, 2026.

Our fiscal year ends on January 31 of each year.

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.

Effective August 22, 2025, there occurred a change in control of our

On such date, pursuant to a Stock Purchase Agreement (the “Change in Control Agreement”), Nova Aura Limited acquired

2,500,000 shares of our common stock (the “Acquired Shares”) from Jiang Jian.

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.

The total consideration paid by Nova Aura

Limited for the Acquired Shares was $586,473 in cash from internal funds.

In conjunction with the Change in Control Agreement:

· On August 21, 2025, Jiang Jian, as sole director, appointed Richard Chiang

as a director of the Company.

· On August 22, 2025, Jiang Jian resigned as President, Sole Director, Chief

Executive Officer, Chief Financial Officer, Secretary, and Treasurer of the Company.

· Also on August 22, 2025, Nova Aura Limited, as the majority shareholder,

elected Richard Chiang to serve as President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer, and Chairman of

the Board of Directors.

Other than the ongoing strategic re-evaluation of the KIDWIN mobile

application described below, there has been no material change to the Company’s business plan as a result of the change in control.

Description of Business and Item 13.

Certain Relationships and

Related Transactions, and Director Independence .

Certain Relationships and Related Transactions, and Director Independence.

Current Status and Strategic Re-Evaluation of Our Mobile Application

Our primary asset is the proprietary KIDWIN mobile application.

application was previously available for download on both the Google Play Store and the Apple App Store.

However, management has made

the strategic decision to temporarily remove the application from both platforms to re-evaluate its features, market positioning, and

overall go-to-market strategy.

The Company has temporarily suspended active operations of the application pending the completion of this

re-evaluation.

Management is currently reviewing the status of the KIDWIN mobile application

to determine whether the Company will continue to support and maintain the application or, alternatively, whether the asset should be

considered impaired or abandoned.

A final decision has not yet been made.

The outcome of this review will depend on the Company’s ability

to secure additional financing, market conditions, and management’s strategic assessment of the application’s long-term viability.

is no assurance that the application will ever be re-listed on app stores or generate revenue.

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

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.

Year Ended January 31, 2026 Compared to

Year Ended January 31, 2025

The following table summarizes our results of operations for the fiscal

years ended January 31, 2026 and January 31, 2025:

Year Ended January 31, 2026

Year Ended January 31, 2025

General and Administrative Expenses

Other Income – Debt Forgiveness

Net Income (Loss)

We did not generate any revenues during the fiscal years ended January

31, 2026 or January 31, 2025.

We remain in the development stage and have not yet commenced generating revenue from our principal business

We continue to develop our mobile application and website platform and are working toward commercialization.

General and Administrative Expenses

General and administrative expenses for the fiscal year ended January

31, 2026 were $ 145,097, compared to $ 27,565 for the fiscal year ended January 31, 2025, representing an increase of approximately $111,532,

or approximately 426%.

The significant increase was primarily attributable to consulting fees of $81,453 (including $49,503 in consulting

services provided by Tech Associates Inc.), professional fees of $40,500 (including audit, legal, accounting, and EDGAR/XBRL filing fees),

transfer agent fees of $4,041, OTC market fees of $7,500, and advertising and promotion costs of $749.

These costs reflect the Company’s

increased compliance, reporting, and operational activities during the fiscal year as we advanced the development of our platform and

maintained our status as an SEC-reporting issuer.

Debt Forgiveness

During the fiscal year ended January 31, 2026, we recognized debt forgiveness

The debt forgiveness resulted from the settlement and forgiveness of previously outstanding obligations, including the Director

Loan of $46,890, the Promissory Note of $41,000, and accrued interest payable of $12,480 that were outstanding as of January 31, 2025.

No comparable transaction was recorded in the prior fiscal year ended January 31, 2025.

Net Income (Loss)

As a result of the foregoing, we recorded net income of $145,097

for the fiscal year ended January 31, 2026, compared to a net loss of $27,565 for the fiscal year ended January 31, 2025.

income in the current fiscal year was driven entirely by the non-cash debt forgiveness and is not indicative of operating

profitability.

We recorded no provision for income taxes for the fiscal year ended

January 31, 2026 or January 31, 2025.

Due to our history of net operating losses, we have established a full valuation allowance against

all deferred tax assets.

As of January 31, 2026, we have accumulated net operating loss carry forwards of approximately $30,470, which

may be available to offset future taxable income, subject to applicable limitations under the Internal Revenue Code.

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.

The following table summarizes our financial position

as of January 31, 2026 and January 31, 2025:

January 31, 2026

January 31, 2025

Total Liabilities

Total Stockholders’ Equity (Deficit)

Accumulated Deficit

Cash and Cash Equivalents

As of January 31, 2026, we had cash and cash equivalents of $19,081,

compared to $36 as of January 31, 2025.

The significant improvement in cash position was due to financing activities, primarily advances

from a related third party.

Notwithstanding our current cash balance, our ability to sustain operations is dependent on our continued

ability to obtain financing.

Operating Activities

For the twelve months ended January 31, 2026, net cash used in operating

activities was $146,683, primarily reflecting our net loss adjusted for non-cash items including accumulated amortization of $8,198.

in accounts payable partially offset cash outflows.

We continue to use cash primarily to fund general and administrative expenses.

Financing Activities

For the twelve months ended January 31, 2026, net cash provided by

financing activities was $165,728, consisting entirely of advances received from related parties.

As of January 31, 2026, amounts due

to third parties totaled $109,192.

These advances are unsecured, and repayment terms have not been formally established.

We have relied

on these advances as our primary source of capital since inception.

Total Liabilities and Stockholders’ Equity (Deficit)

As of January 31, 2026, total liabilities were $111,886, compared to

$100,370 as of January 31, 2025.

31, 2024, our total assets were $28,761.

Cash Flows from Operating

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

Cash Flows from Financing

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.

The increase was primarily driven by additional amounts due to a third party, partially offset by the

forgiveness of the Director Loan, Promissory Note, and accrued interest payable during the year.

Total stockholders’ deficit was $(68,498) as of January 31, 2026, compared

to a deficit of $(67,828) as of January 31, 2025.

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.

Our financial statements have been prepared on a going concern basis,

which contemplates the realization of assets and the settlement of liabilities in the normal course of business.

As reflected in our financial

statements, we have not generated any revenues since inception, have an accumulated deficit of $68,498 as of January 31, 2026, and continue

to be dependent upon financing from related and third parties to sustain our operations.

These factors raise substantial doubt about our

ability to continue as a going concern.

Management’s plans to address this uncertainty include seeking to generate

revenues from our mobile application and website platform, pursuing additional equity or debt financing, and managing operating costs.

However, there can be no assurance that we will be successful in executing these plans.

Our financial statements do not include any adjustments

that might result from the outcome of this uncertainty.

Off-Balance Sheet Arrangements

As of January 31, 2026, we did not have any off-balance sheet arrangements,

as defined under applicable SEC regulations, that have or are reasonably likely to have a current or future effect on our financial condition,

revenues or expenses, results of operations, liquidity, capital expenditures, or capital resources that is material to investors.

Critical Accounting Policies and Estimates

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, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported

amounts of revenues and expenses during the reporting period.

Actual results could differ from those estimates.

Intangible Assets – Mobile Application and Website Development

We capitalize costs incurred in the development of our mobile application

and website platform.

As of January 31, 2026, capitalized development costs totaled $41,000, with accumulated amortization of $16,746,

resulting in net intangible assets of $ 24,254.

We amortize these assets on a straight-line basis over their estimated useful lives.

assess the recoverability of these assets periodically and record impairment losses when warranted.

We account for income taxes under the asset and liability method.

tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial

statement carrying amounts of existing assets and liabilities and their respective tax bases.

We have established a full valuation allowance

against all deferred tax assets as we believe it is more likely than not that such assets will not be realized.

Recent Developments

We continue to evaluate the development of our mobile application and

website platform.

Management is pursuing strategic opportunities to generate potential revenue and expand the Company’s operational footprint.

We have 3,632,750 shares of common stock issued and outstanding as of January 31, 2026, with 75,000,000 shares authorized at a par value

of $0.0001 per share.

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.

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

The estimates and judgments will also affect the reported amounts for certain expenses during the reporting period.

results could differ from these good faith estimates and judgments.

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.

Impairment of Long-Lived Assets

The Company evaluates its long-lived assets, including the capitalized

mobile application, for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.

Given that the KIDWIN mobile application is not currently operational and is under review for potential abandonment, management has initiated

an impairment assessment.

Any impairment charge could be material to the financial statements.

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.

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.

Quantitative and Qualitative Disclosures about Market Risk

As a smaller reporting company,

we are not required to provide the information required by this Item.

As a smaller reporting company, we are not required

to provide the information required by this Item.

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.

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

Changes in and Disagreements with Accounting

1 unchanged sentence

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What changed 10-K

Item 7. Management’s Discussion and Analysis