What changed in this filing

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Item 1. Financial Statements

2026-06-01 compared with 2025-12-08 · 93 added, 98 removed, 209 unchanged (48% of the section changed)

Financial Statements (Unaudited)

Financial Statements

RAPID LINE INC.

9 unchanged sentences

Accounts Payable/Accrued Liabilities

Interest Payable

Total Current Liabilities

Long term Liabilities

Director Loan

Due to Third Party

Promissory Note

Total Long term Liabilities

2 unchanged sentences

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

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

3,632,750 shares issued and outstanding as of April 30, 2026 and January 31, 2026, respectively

Additional paid-in-capital

5 unchanged sentences

RAPID LINE INC.

STATEMENT OF OPERATIONS (Unaudited)

October 31, 2025

October 31, 2024

October 31, 2025

October 31, 2024

STATEMENT OF OPERATIONS

April 30, 2026

April 30, 2025 (Proforma)

OPERATING EXPENSES

12 unchanged sentences

RAPID LINE INC.

STATEMENT OF STOCKHOLDERS’ EQUITY (Unaudited)

STATEMENT OF STOCKHOLDERS’ EQUITY

Stockholders’

Balance, January 31, 2026

Net income for the period ending April 30, 2025

$ ( 235,830 )

Net income for the period of three months ending April 30, 2026

Balance, April 30, 2026

Net income for the period ending July 31, 2025

Balance, July 31, 2025

Net income for the period ending October 31, 2025

Balance, October 31, 2025

$ ( 285,129 )

$ ( 117,799 )

Stockholders’

Balance, January 31, 2025

Net income for the period ending April 30, 2024

Balance, April 30, 2024

Net income for the period ending July 31, 2024

Balance, July 31, 2024

Net income for the period ending October 31, 2024

Balance, October 31, 2024

The accompanying notes are an integral part of

these financial statements.

Net income for the period of three months ending April 30, 2025

Balance, April 30, 2025 (Proforma)

$ ( 107,181 )

The accompanying notes are an integral part of these

financial statements.

RAPID LINE INC.

STATEMENT OF CASH FLOWS (Unaudited)

October 31, 2025

October 31, 2024

STATEMENT OF CASH FLOWS

April 30, 2026

April 30, 2025 (Proforma)

CASH FLOWS FROM OPERATING ACTIVITIES

1 unchanged sentence

Adjustment to reconcile net income (loss) to cash provided by operating activities

Debt forgiveness

Accumulated amortization

Decrease in interest payable

Increase in accounts payable

CASH FLOWS USED IN OPERATING ACTIVITIES

1 unchanged sentence

Related Parties

Interest Payable

Related parties Loans

CASH FLOWS PROVIDED BY FINANCING ACTIVITIES

8 unchanged sentences

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS

SINCE INCEPTION ON JANUARY 10, 2022 TO OCTOBER 31,

NOTE 1 – ORGANIZATION AND BASIS OF

FOR THE PERIOD OF THREE MONTHS ENDED APRIL 30, 2026

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

RAPID LINE INC.

7 unchanged sentences

NOTE 2 – GOING CONCERN

As reflected in the financial statements, the Company

had stockholders’ equity of $ ( 28,045 ) at October 31, 2025.

The Company had net income of $ 39,781 , which was attributable to forgiveness

of debt of $ 144,425 , during the nine months ended October 31, 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.

As reflected in the financial statements, the

Company had stockholders’ equity of $( 117,799 )

at April 30, 2026.

The Company had no revenues during the three months ended April 30, 2026.

Since its inception, 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 and

15 unchanged sentences

The Company’s year-end is January 31.

The accompanying unaudited consolidated financial

statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”)

and with the rules and regulations of the Securities and Exchange Commission.

Accordingly, they do not include all of the information

and notes required by US GAAP for complete financial statements of the Company.

The accompanying unaudited financial statements have

been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”) and

with the rules and regulations of the Securities and Exchange Commission.

Accordingly, they do not include all of the information and

notes required by US GAAP for complete financial statements of the Company.

In the opinion of management, these financial statements

7 unchanged sentences

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, 2025, we have no t generated any revenue.

During the period ended April 30, 2026, we have not generated any

Use of Estimates

5 unchanged sentences

Cash and Cash Equivalents

The Company considers all highly liquid investments

with the original maturities of three months or less to be cash equivalents.

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

value $0.0001 for the purpose of managing the expenses of the financial operations for the Company by its former director Wiktor Moroz.

The Company considers all highly liquid

investments with the original maturities of three months or less to be cash equivalents.

The Company issued

2,500,000 common shares for $ 250 at par value $0.0001 for the purpose of managing the expenses of the financial

operations for the Company by its former director Wiktor Moroz.

Mobile Application and Website development -

2 unchanged sentences

Mobile Application and Website – $ 41,000 .

Term of amortization – 60 months (5 years).

Since Inception to October 31, 2025 the company’s

Term of amortization – 60 months (5

As of April 30, 2026 the company’s

accumulated amortization was $ 18,798 .

1 unchanged sentence

All interest owed pursuant to loans were forgiven

during the nine months ended October 31, 2025.

As of October 31, 2025, the Company had no interest payable.

during the year ended January 31, 2026.

As of April 30, 2026, the Company had no interest payable.

Fair Value of Financial Instruments

22 unchanged sentences

their effect is anti-dilutive.

As of October 31, 2025, there were no potentially

dilutive debt or equity instruments issued or outstanding.

As of April 30, 2026, there were

no potentially dilutive debt or equity instruments issued or outstanding.

Stock-Based Compensation

1 unchanged sentence

value in accordance with ASC Topic 718.

To date, the Company has not adopted a stock option plan and has not granted any stock options.

To date, the Company has not adopted a stock option plan and has no t granted any stock options.

Segment Reporting

Management has determined that the Company operates as a single operating

and reportable segment in accordance with ASC Topic 280, Segment Reporting.

The Company’s chief operating decision maker (“CODM”),

identified as the Chief Executive Officer, evaluates financial performance and allocates resources on a consolidated basis.

currently operates in a single line of business focused on the development of its KIDWIN mobile application and related online education

Substantially all of the Company’s assets are located in the United States and the Company has not generated revenue during

the periods presented.

Recent Accounting Pronouncements

2 unchanged sentences

NOTE 4 – LOAN FROM DIRECTOR

As of October 31, 2025, all loans from the Company’s

As of January 31, 2026, 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 .

Further, as of the date

of this filing, Jiang Jian, the Company’s former sole officer and director has forgiven all outstanding debt due to him for expenses

incurred by the Company which at July 31, 2025 was $ 11,000 .

As of October 31, 2025, the company had $ 144,425 of debt forgiven.

The Company has $ 54,602 due to related parties as

of the filing date of this quarterly report on Form 10-Q.

Further, during the same

year, Jiang Jian, the Company’s former sole officer and director has forgiven all outstanding debt due to him for expenses incurred

by the Company which at July 31, 2025 was $ 11,000 .

As of April 30, 2026, the company had no additional

debt forgiven.

The Company has $ 155,992 due to related parties

as of the filing date of this quarterly report on Form 10-Q.

NOTE 5 – COMMON STOCK

The Company has 75,000,000 , $ 0.0001 par value shares

of common stock authorized.

On January 10, 2022 the Company issued 2,500,000 shares

of common stock to a director for services rendered estimated to be $ 250 at $0.0001 per share.

In July of 2022, 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.

In October of 2022, 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.

In January, the Company issued 275,000 common shares

to few individuals at $0.02 per share in consideration of $ 5,500 .

There were 3,567,750 shares of common stock issued

and outstanding as of January 31, 2023.

In April 2023, the Company issued 65,000 common shares

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, 2025.

The Company has 75,000,000 , $ 0.0001 par

value shares of common stock authorized.

On January 10, 2022 the Company issued

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

In July of 2022, the Company issued 167,500

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

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 January of 2023, the Company

issued 275,000 common shares to few individuals at $0.02 per share in consideration of $ 5,500 .

In April of 2023, the Company issued

65,000 common shares 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 April 30, 2026.

NOTE 6 – COMMITMENTS AND CONTINGENCIES

12 unchanged sentences

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

Schedule of income tax benefit (expense)

October 31, 2025

January 31, 2025

Reconciliation of income taxes

April 30, 2026

April 30, 2025

Federal income tax benefit attributable to:

5 unchanged sentences

Schedule of deferred tax assets

October 31, 2025

April 30, 2026

January 31, 2026

3 unchanged sentences

The Company has accumulated approximately

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.

$ 59,877 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.

NOTE 8 – CHANGE IN CONTROL

37 unchanged sentences

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