Rapid Line Inc. 10-Q

Item 1. Financial Statements RAPID LINE INC. BALANCE SHEETS (Unaudited) April 30, January 31, 2026 2026 ASSETS Current Assets Bank Account $ 16,387 $ 19,081 Prepaid Expenses 53 53 Total Current Assets 16,440 19,134 Non- Current Intangible Assets Mobile Application and Website Development 41,000 41,000 Accumulated Depreciation ( 18,798 ) ( 16,748 ) Total Non-Current Intangible Assets 22,202 24,252 Total Assets $ 38,642 $ 43,386 LIABILITIES Current Liabilities Accounts Payable/Accrued Liabilities $ 449 $ 2,694 Total Current Liabilities 449 2,694 Long term Liabilities Due to Third Party 155,992 109,192 Total Long term Liabilities 155,992 109,192 Total Liabilities 156,441 111,886 Stockholders’ Equity Common stock, $ 0.0001 par value, 75,000,000 shares authorized; 3,632,750 shares issued and outstanding as of April 30, 2026 and January 31, 2026, respectively 364 364 Additional paid-in-capital 166,967 166,967 Accumulated deficit ( 285,129 ) ( 235,830 ) Total Stockholders’ Equity ( 117,799 ) ( 68,500 ) Total Liabilities and Stockholders’ Equity $ 38,642 $ 43,386 The accompanying notes are an integral part of these financial statements. 3 RAPID LINE INC. STATEMENT OF OPERATIONS (Unaudited) Three Months Ended April 30, 2026 Three Months Ended April 30, 2025 (Proforma) REVENUES $ – $ – OPERATING EXPENSES General and Administrative Expenses 49,299 16,448 TOTAL OPERATING EXPENSES 49,299 16,448 Other income/debt forgiveness – – NET INCOME (LOSS) FROM OPERATIONS ( 49,299 ) ( 16,448 ) PROVISION FOR INCOME TAXES – – NET INCOME (LOSS) $ ( 49,299 ) $ ( 16,448 ) NET LOSS PER SHARE: BASIC AND DILUTED $ 0.00 $ 0.00 WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED 3,632,750 3,632,750 The accompanying notes are an integral part of these financial statements. 4 RAPID LINE INC. STATEMENT OF STOCKHOLDERS’ EQUITY (Unaudited) Additional Total Common Stock Paid-in Deficit Stockholders’ Shares Amount Capital Accumulated Deficit Balance, January 31, 2026 3,632,750 $ 364 $ 166,967 $ ( 235,830 ) $ ( 68,500 ) Net income for the period of three months ending April 30, 2026 – – – ( 49,299 ) ( 49,299 ) Balance, April 30, 2026 3,632,750 $ 364 $ 166,967 $ ( 285,129 ) $ ( 117,799 ) Additional Total Common Stock Paid-in Deficit Stockholders’ Shares Amount Capital Accumulated Deficit Balance, January 31, 2025 3,632,750 $ 364 $ 22,542 $ ( 90,733 ) $ ( 67,828 ) Net income for the period of three months ending April 30, 2025 – – – ( 16,448 ) ( 16,448 ) Balance, April 30, 2025 (Proforma) 3,632,750 $ 364 $ 22,542 $ ( 107,181 ) $ ( 84,276 ) The accompanying notes are an integral part of these financial statements. 5 RAPID LINE INC. STATEMENT OF CASH FLOWS (Unaudited) Three Months Ended April 30, 2026 Three Months Ended April 30, 2025 (Proforma) CASH FLOWS FROM OPERATING ACTIVITIES Net income (loss) $ ( 49,299 ) $ ( 16,448 ) Adjustment to reconcile net income (loss) to cash provided by operating activities Accumulated amortization 2,050 2,050 Increase in accounts payable ( 2,245 ) – CASH FLOWS USED IN OPERATING ACTIVITIES ( 49,494 ) ( 14,398 ) CASH FLOWS FROM FINANCING ACTIVITIES Related Parties 46,800 – Related parties Loans – 14,362 CASH FLOWS PROVIDED BY FINANCING ACTIVITIES 46,800 14,362 Net increase in cash and equivalents ( 2,694 ) ( 36 ) Cash and equivalents at beginning of the period 19,081 36 Cash and equivalents at end of the period $ 16,387 $ – Supplemental cash flow information: Cash paid for: Interest $ – $ – Taxes $ – $ – The accompanying notes are an integral part of these financial statements. 6 RAPID LINE INC. NOTES TO THE UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD OF THREE MONTHS ENDED APRIL 30, 2026 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. Our executive and business office is located at 1111 South Roop Street, Unit 1915, Carson City, NV 89702. NOTE 2 – 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 generate sufficient revenue; however, the Company’s cash position may not be sufficient to support the Company’s daily operations. 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. NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America. The Company’s year-end is January 31. 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 reflect all adjustments of a normal recurring nature necessary for the fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented in conformity with US GAAP. These unaudited financial statements should be read in conjunction with the financial statements and notes thereto for the year ended January 31, 2026. Interim results are not necessarily indicative of the results that may be expected for a full year or any other interim period. 7 Revenue In accordance with ASC 606, revenue is measured based on a consideration specified with a customer and recognized when we satisfy the performance obligation specified with a customer. During the period ended April 30, 2026, we have not generated any revenue. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles 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 the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. 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. Mobile Application and Website development - amortization The Company is using straight - line amortization for our mobile application and website since they are fully operational as of January 15, 2022. Mobile Application and Website – $ 41,000 . Term of amortization – 60 months (5 years). As of April 30, 2026 the company’s accumulated amortization was $ 18,798 . Interest Payable Note All interest owed pursuant to loans were forgiven during the year ended January 31, 2026. As of April 30, 2026, the Company had no interest payable. Fair Value of Financial Instruments AS topic 820 “Fair Value Measurements and Disclosures” establishes a three-tier fair value hierarchy, which prioritizes the inputs in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: Level 1: defined as observable inputs such as quoted prices in active markets; Level 2: defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3: defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The carrying value of cash and the Company’s loan from shareholder approximates its fair value due to their short-term maturity. 8 Income Taxes Income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is provided for the amount of deferred tax assets that, based on available evidence, are not expected to be realized. Basic Income (Loss) Per Share The Company computes income (loss) per share in accordance with FASB ASC 260 “Earnings per Share”. Basic loss per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of outstanding common shares during the period. Diluted income (loss) per share gives effect to all dilutive potential common shares outstanding during the period. Dilutive loss per share excludes all potential common shares if their effect is anti-dilutive. As of April 30, 2026, there were no potentially dilutive debt or equity instruments issued or outstanding. Stock-Based Compensation Stock-based compensation is accounted for at fair value in accordance with ASC Topic 718. 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. The Company currently operates in a single line of business focused on the development of its KIDWIN mobile application and related online education platform. 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 Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying financial statements. NOTE 4 – LOAN FROM DIRECTOR 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, 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. 9 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 . 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 Our sole officer and director, Richard Chiang, provides office space to the Company at no charge. NOTE 7 – INCOME TAXES On December 22, 2017, the President of the United States signed into law the Tax Cuts and Jobs Act (“Tax Reform Act”). The legislation significantly changes U.S. tax law by, among other things, lowering corporate income tax rates, implementing a territorial tax system and imposing a transition tax on deemed repatriated earnings of foreign subsidiaries. The Tax Reform Act permanently reduces the U.S. corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018. The reconciliation of income tax benefit (expenses) at the U.S. statutory rate at 21% for the period ended as follows: Reconciliation of income taxes April 30, 2026 April 30, 2025 Federal income tax benefit attributable to: Current operations $ ( 10,353 ) $ ( 3,454 ) Less : change in valuation allowance 10,353 3,454 Net provision for Federal income taxes $ – $ – The tax effects of temporary differences that give rise to significant portions of the net deferred tax assets are as follows: Schedule of deferred tax assets April 30, 2026 January 31, 2026 Net operating loss carryover $ ( 59,877 ) $ ( 49,524 ) Valuation allowance 59,877 49,524 Deferred tax assets, net $ – $ – The Company has accumulated approximately $ 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. 10 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. The Acquired Shares represent approximately 68.82% of the outstanding shares of the Company’s common stock and constitute voting control of the Company. 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. On August 22, 2025, the Company entered into a change in control whereby pursuant to a stock purchase agreement, Nova Aura Limited acquired 2,500,000 shares of the Company’s common stock (the “Acquired Shares”) representing approximately 68.82% of the outstanding shares of the Company’s common stock and voting control of the Company from Jiang Jian for $586,473 in cash. In connection with the change in control, Mr. Jian resigned his titles as President, CEO, CFO, Secretary, Treasurer and Director of the Company. NOTE 9 – FORGIVENESS OF DEBT Effective August 22, 2025, in connection with the Change-in-Control Agreement, the Company’s former sole officer and director, Jiang Jian, forgave all amounts owed to him by the Company, a total amount of $ 11,000 in principal and interest. NOTE 10 – SUBSEQUENT EVENTS Management has evaluated subsequent events, in accordance with FASB ASC Topic 855, “Subsequent Events,” through the date which the financial statements were available to be issued and there are no material subsequent events, except as noted below. Effective August 22, 2025, there occurred a change in control of the Company. On such date, pursuant to a stock purchase agreement (the “August Change-in-Control Agreement”), Nova Aura Limited acquired 2,500,000 shares of the Company’s common stock (the “Acquired Shares”) from the Company’s former Sole Officer and Director, Jiang Jian. The Acquired Shares represent approximately 68.82% of the outstanding shares of the Company’s common stock and constitute voting control of the Company. The total consideration paid by Nova Aura Limited for the Acquired Shares was $586,473 in cash, the source of which was corporate funds. In conjunction with the August Change-in-Control Agreement, on August 22, 2025, Jiang Jian resigned as Sole Director, CEO, CFO and Secretary of the Company and Nova Aura Limited appointed Richard Chiang as the Sole Director, President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary of the Company. 11