Rapid Line posts July loss, flags going concern risk

Rapid Line Inc. reports continued losses, negative equity, going-concern doubt and extreme post-quarter stock volatility while relying on related-party funding.

Rhea-AI Filing Summary

Rapid Line Inc. (RPDL), a development-stage company focused on its KIDWIN mobile education platform, reported no revenue and a net loss of $42,900 for the three months ended July 31, 2026, and a net loss of $92,199 for the six-month period. As of July 31, 2026, total assets were $28,898, while total liabilities were $189,596, resulting in negative stockholders’ equity of $160,698 and an accumulated deficit of $328,028.

The company has never generated revenue since inception and discloses that these conditions raise substantial doubt about its ability to continue as a going concern. It is funding operations primarily through $188,249 in unsecured, interest-free loans from its controlling shareholder, Nova Aura Limited, and expects to require additional capital via private or public offerings, with no committed financing in place.

Rapid Line’s disclosure controls and procedures were deemed not effective as of July 31, 2026. Subsequent to quarter-end, the stock experienced extreme price volatility, moving from below approximately $0.20 to $3.67 per share before falling to $0.12, without any known material corporate developments; management notified FINRA and cautions that the share price may remain highly volatile.

Positive

• None.

Negative

• Going concern risk: No revenue since inception, a $328,028 accumulated deficit and $(160,698) stockholders’ equity lead management to state that there is substantial doubt about the company’s ability to continue as a going concern.
• Ongoing losses with no revenue: The company recorded $0 revenue and a $92,199 net loss for the six months ended July 31, 2026, compared with prior-year income driven by debt forgiveness, indicating no operating profit engine.
• Leverage to related party: Long-term liabilities include $188,249 owed to controlling shareholder Nova Aura Limited, with no interest, maturity date or formal repayment terms, underscoring dependence on a single funding source.
• Internal control weakness: Management concluded that disclosure controls and procedures were not effective as of July 31, 2026, increasing reporting and governance risk.
• Extreme stock volatility without fundamentals: The share price moved from below approximately $0.20 to $3.67 and back to $0.12 within weeks, with management stating it is unaware of any material business change explaining this move and warning of potential continued volatility.

Filing Explained

As of July 31, 2026, cash was $8,692 against six-month operating cash use of $89,446, while no new shares were issued.

Rapid Line Inc.’s Form 10-Q is an unaudited interim report; for the period ended July 31, 2026, it reports $8,692 in bank cash and 3,632,750 common shares issued and outstanding.

The filing reports no capital-stock cash proceeds for the six months ended July 31, 2026 and no change in shares in the equity statement; its statement that future equity or convertible-debt issuances would dilute existing holders therefore describes a possible financing consequence, not a completed issuance in this report.

Operating activities used $89,446 during those six months. The filing’s disclosed liquidity is therefore presented as existing bank cash alongside operating cash use, rather than as proceeds from a current stock issuance.

A later filing’s capital-stock or convertible-debt line would establish whether this stated financing possibility became an actual share-count change.

Key Figures

Net loss, three months: $42,900 Net loss, six months: $92,199 Total assets: $28,898 +5 more

8 metrics

Net loss, three months $42,900 Net loss for the three months ended July 31, 2026

Net loss, six months $92,199 Net loss for the six months ended July 31, 2026

Total assets $28,898 Total assets as of July 31, 2026

Total liabilities $189,596 Total liabilities as of July 31, 2026

Stockholders’ equity $(160,698) Stockholders’ equity (deficit) as of July 31, 2026

Related party debt $188,249 Amount due to related parties (controlling shareholder) as of the filing date

Cash balance $8,692 Bank account balance as of July 31, 2026

Peak stock price during unusual activity $3.67 per share Approximate high as of August 25, 2026 during reported volatility

Key Terms

going concern, development-stage company, disclosure controls and procedures, unusual market activity, +2 more

6 terms

going concern financial

"These factors raise substantial doubt about the Company’s ability to continue as a going concern."

Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.

development-stage company financial

"Rapid Line Inc. (the “Company”) is a development-stage company incorporated under the laws of the State of Wyoming"

disclosure controls and procedures regulatory

"Our management is responsible for establishing and maintaining a system of disclosure controls and procedures"

Policies, routines and internal checks a public company uses to identify, collect and verify information that must appear in its financial reports and public filings, and to make sure that material news is disclosed accurately and on time. Investors care because effective controls increase confidence that the company’s reported numbers and disclosures are reliable and reduce the risk of surprises, much like a building’s inspection and alarm system helps occupants trust the structure’s safety.

unusual market activity market

"Subsequent to July 31, 2026, the Company’s common stock experienced a significant increase in market price and trading activity,"

A pattern of trading in a stock that departs sharply from its recent norms — for example sudden large swings in price or volume — suggesting something unusual is driving demand or supply. Like a sudden crowd forming outside a shop, it can signal new information, investor excitement, or potential manipulation, so investors pay attention as a prompt to investigate, reassess risk, or consider adjusting positions.

valuation allowance financial

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

A valuation allowance is a reserve set aside to reduce the value of certain assets on a company's financial records when there is uncertainty about whether they will generate the expected benefits. It acts like a caution sign, indicating that some assets might not be fully recoverable or worth their recorded amount. This matters to investors because it provides a more realistic picture of a company's financial health and potential risks.

net operating loss carryover financial

"The Company has accumulated approximately $68,886 of net operating losses (“NOL”) carried forward to offset future taxable income"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Rapid Line Inc. (RPDL) perform financially for the quarter ended July 31, 2026?

Rapid Line Inc. reported no revenue and a net loss of $42,900 for the three months ended July 31, 2026, and a net loss of $92,199 for the six months then ended, reflecting ongoing operating costs without corresponding income.

What is Rapid Line Inc. (RPDL)’s balance sheet position as of July 31, 2026?

As of July 31, 2026, Rapid Line Inc. had $28,898 in total assets, $189,596 in total liabilities, and negative stockholders’ equity of $160,698. Cash in the bank was $8,692, and the accumulated deficit was $328,028.

Does Rapid Line Inc. (RPDL) face a going-concern issue?

Yes. The company states that its lack of revenue, accumulated deficit of $328,028, and negative equity raise substantial doubt about its ability to continue as a going concern, and it will need additional capital to support operations.

How is Rapid Line Inc. (RPDL) currently financing its operations?

Rapid Line Inc. is financing operations mainly through related-party loans, with $188,249 owed to controlling shareholder Nova Aura Limited as of the filing date. These loans are unsecured, bear no interest, have no maturity date, and lack formal repayment terms.

What unusual stock trading activity did Rapid Line Inc. (RPDL) report after July 31, 2026?

After July 31, 2026, the share price rose from below approximately $0.20 to about $2.00 within 48 hours, then to $3.67 by August 25, 2026, before falling back to about $0.12. Management reports no known corporate events explaining this volatility and notified FINRA.

Are Rapid Line Inc. (RPDL)’s disclosure controls considered effective?

No. Management concluded that disclosure controls and procedures were not effective as of July 31, 2026, although it reported no changes in internal control over financial reporting that materially affected these controls during the quarter.

How many shares of Rapid Line Inc. (RPDL) are outstanding and what are its tax loss carryforwards?

As of September 14, 2026, Rapid Line Inc. had 3,632,750 common shares outstanding. The company reports approximately $68,886 of net operating loss carryforwards for tax purposes, fully offset by a valuation allowance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended July 31, 2026

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______ to _______

Commission File No. 000-56569

RAPID LINE INC.
(Exact name of registrant as specified in its charter)

Wyoming (State or Other Jurisdiction of Incorporation or Organization) 8200 (Primary Standard Industrial Classification Number) 98-1646802 (IRS Employer Identification Number)

1111 South Roop St #1915

Carson City, Nevada 89702
Telephone: 415-841-3570

(Address and telephone number of principal executive offices)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
N/A	NONE	N/A

Securities registered pursuant to Section 12(g) of the Act: Common stock, par value $0.0001 per share

Indicate by checkmark whether the issuer: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting Company, or an emerging growth Company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting Company”, and “emerging growth Company” in Rule 12b-2 of the Exchange:

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting Company	☒
Emerging growth Company	☒

If an emerging growth Company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by checkmark whether the registrant is a shell Company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the practicable date:

At September 14, 2026, the number of shares of the Registrant’s common stock outstanding was 3,632,750.

TABLE OF CONTENTS

PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements (Unaudited)	3
	Balance Sheets	3
	Statement of Operations	4
	Statement of Stockholders’ Equity	5
	Statement of Cash Flows	6
	Notes to the Financial Statements	7
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	12
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	15
Item 4.	Controls and Procedures	15
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	16
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	16
Item 3.	Defaults Upon Senior Securities	16
Item 4.	Mine Safety Disclosures	16
Item 5.	Other Information	16
Item 6.	Exhibits	16
	Signatures	17

2

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

RAPID LINE INC.

BALANCE SHEETS

(Unaudited)

		July 31,				January 31,
		2026				2026
ASSETS
Current Assets
Bank Account		$	8,692			$	19,081
Prepaid Expenses			53				53
Total Current Assets			8,745				19,134
Non- Current Intangible Assets
Mobile Application and Website Development			41,000				41,000
Accumulated Amortization			(20,848	)			(16,748	)
Total Non-Current Intangible Assets			20,152				24,252
Total Assets		$	28,898			$	43,386
LIABILITIES
Current Liabilities
Accounts Payable/Accrued Liabilities		$	1,347			$	2,694
Interest Payable			–				–
Total Current Liabilities			1,347				2,694
Long term Liabilities
Director Loan			–				–
Due to Third Party			188,249				109,192
Promissory Note			–				–
Total Long-term Liabilities			188,249				109,192
Total Liabilities			189,596				111,886
Stockholders’ Equity
Common stock, $0.0001 par value, 75,000,000 shares authorized; 3,632,750 shares issued and outstanding as of July 31, 2026 and January 31, 2026 respectively			364				364
Additional paid-in-capital			166,967				166,967
Accumulated deficit			(328,028	)			(235,830	)
Total Stockholders’ Equity			(160,698	)			(68,500	)
Total Liabilities and Stockholders’ Equity		$	28,898			$	43,386

The accompanying notes are an integral part of these financial statements.

3

RAPID LINE INC.

STATEMENT OF OPERATIONS

(Unaudited)

		Three				Six				Three				Six
		Months				Months				Months				Months
		Ended				Ended				Ended				Ended
		July 31, 2026				April 30, 2026				April 30, 2025				July 31, 2025
REVENUES		$	–			$	–			$	–			$	–
OPERATING EXPENSES
General and Administrative Expenses			42,900				92,199				28,197				44,645
TOTAL OPERATING EXPENSES			42,900				92,199				28,197				44,645
Other income/debt forgiveness			–				–				–				114,731
NET INCOME (LOSS) FROM OPERATIONS			(42,900	)			(92,199	)			(28,197	)			70,086
PROVISION FOR INCOME TAXES			–				–				–				–
NET INCOME (LOSS)		$	(42,900	)		$	(92,199	)		$	(28,197	)		$	70,086
NET LOSS PER SHARE: BASIC AND DILUTED		$	0.00			$	0.00			$	0.00			$	0.00
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED			3,632,750				3,632,750				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	)
Net income for the period of three months ending July 31, 2026			–				–				–				(42,900	)			(42,900	)
Balance, July 31, 2026			3,632,750			$	364			$	166,967			$	(328,028	)		$	(160,698	)

										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 ending April 30, 2025			–				–				–				98,283				98,283
Balance, April 30, 2025			3,632,750			$	364			$	22,542			$	7,550			$	30,456
Net income for the period ending July 31, 2025			–				–				–				(28,197	)			(28,197	)
Balance, July 31, 2025			3,632,750			$	364			$	22,542			$	(20,647	)		$	2,258

The accompanying notes are an integral part of these financial statements.

5

RAPID LINE INC.

STATEMENT OF CASH FLOWS

(Unaudited)

		Six Months				Six Months
		Ended				Ended
		July 31, 2026				July 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$	(92,199	)		$	70,086
Adjustment to reconcile net income (loss) to cash provided by operating activities
Debt forgiveness			–				–
Accumulated amortization			4,100				4,100
Increase/Decrease related to Prepaid Expenses			–				–
Increase in accounts payable			(1,347	)			13,500
Decrease in interest payable			–				(12,480	)
CASH FLOWS USED IN OPERATING ACTIVITIES			(89,446	)			75,206
CASH FLOWS FROM FINANCING ACTIVITIES
Related Parties			79,057				–
Related parties Loans			–				(75,243	)
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES			79,057				(75,243	)
Net increase in cash and equivalents			(10,389	)			(36	)
Cash and equivalents at beginning of the period			19,081				36
Cash and equivalents at end of the period		$	8,692			$	–
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 JULY 31, 2026

NOTE 1 – ORGANIZATION AND BASIS OF PRESENTATION

Rapid Line Inc. (the “Company”) is a development-stage company incorporated under the laws of the State of Wyoming on January 10, 2022. The Company was initially formed to engage in the development, marketing and provision of business process analysis, problem-solving and general business services. The Company has not generated revenues since inception and is currently evaluating opportunities to commence operations and develop its business plan.

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 $(160,698) at July 31, 2026. The Company had no revenues during the three months ended July 31, 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 July 31, 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 July 31, 2026, the company’s accumulated amortization was $20,848.

Interest Payable Note

All interest owed pursuant to loans were forgiven during the year ended January 31, 2026. As of July 31, 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 July 31, 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 not 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 – RELATED PARTY TRANSACTIONS AND ADVANCES

The Company has $188,249 due to related parties as of the filing date of this quarterly report on Form 10-Q.

The $188,249 is owed to our controlling shareholder, Nova Aura Limited. The amount represents loans made to fund the Company’s operating expenses. The loans bear no interest, have no maturity date and are unsecured. There are currently no formal repayment terms as of the 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 July 31, 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
		July 31, 2026				July 31, 2025
Federal income tax benefit attributable to:
Current operations		$	(9,009	)		$	(3,454	)
Less: change in valuation allowance			9,009				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
		July 31, 2026				January 31, 2026
Net operating loss carryover		$	(68,886	)		$	(49,524	)
Valuation allowance			68,886				49,524
Deferred tax assets, net		$	–			$	–

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The Company has accumulated approximately $68,886 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

On March 18, 2025, Jiang Jian acquired 2,500,000 shares of the Company’s common stock from Wiktor Moroz for $362,315 in cash, representing approximately 68.82% of the Company’s outstanding common stock and voting control of the Company. In connection with the transaction, Mr. Moroz resigned as the Company’s Sole Director and officer, and Mr. Jiang was appointed as the Company’s Sole Director and President, Chief Executive Officer and Secretary.On August 22, 2025, Nova Aura Limited acquired 2,500,000 shares of the Company’s common stock from Jiang Jian for $586,473 in cash, representing approximately 68.82% of the Company’s outstanding common stock and voting control of the Company. In connection with the transaction, Mr. Jiang resigned as the Company’s officer and director, and Richard Chiang was appointed as the Company’s Sole Director, President, Chief Executive Officer, Chief Financial Officer, Treasurer and Secretary.

NOTE 9 – FORGIVENESS OF DEBT

Effective August 22, 2025, in connection with the change in control described in Note 8, Jiang Jian, the Company’s former Sole Director and officer, forgave all amounts owed to him by the Company, totaling $11,000, including principal and accrued interest.

NOTE 10 – SUBSEQUENT EVENTS

Management has evaluated subsequent events in accordance with FASB ASC Topic 855, Subsequent Events, through the date these unaudited condensed financial statements were available to be issued and has determined that, except as described below, there were no material subsequent events requiring recognition or disclosure.

Unusual Market Activity

Subsequent to July 31, 2026, the Company’s common stock experienced a significant increase in market price and trading activity, increasing from below approximately $0.20 per share to approximately $2.00 per share within approximately 48 hours and subsequently to approximately $3.67 per share as of August 25, 2026 and as of early September the stock had declined significantly back to $0.12 per share.

The Company is not aware of any material change in its business, operations, financial condition or prospects, or any other corporate development, that would account for the magnitude of the increase. The Company has not participated in, directed or otherwise caused the trading activity and is not aware of the identity or intentions of the persons or entities involved.

Management notified the Financial Industry Regulatory Authority (“FINRA”) of the unusual market activity and will cooperate with any reasonable requests from applicable regulatory authorities. The Company is not aware of any determination by FINRA or any other regulatory authority regarding the cause of the trading activity.

The Company cannot predict the future trading price or volume of its common stock, and there can be no assurance that the recent increase will be sustained. The Company’s common stock may experience significant volatility and may decline substantially.

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

Forward-Looking Statements

This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Forward-looking statements include statements regarding our expectations, plans, objectives, future operations, financing activities and business prospects. These statements may be identified by words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “estimate,” “plan” and similar expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. We undertake no obligation to update any forward-looking statements except as required by law. 

EMPLOYEES AND EMPLOYMENT AGREEMENTS

At present, we have no employees other than our officer and director. We presently do not have pension, health, annuity, insurance, stock options, profit sharing or similar benefit plans; however, we may adopt such plans in the future. There are presently no personal benefits available to any officers, directors or employees.

Results of Operation

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.

We expect we will require additional capital to meet our long term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Three Months Ended July 31, 2026

During the three months ended July 31, 2026, we have not generated any revenues.

Our net (loss)/gain for the three ended July 31, 2026, were $(42,900). Operating expenses consist of mainly professional fees, consulting expenses and depreciation expenses.

Liquidity and Capital Resources

As of July 31, 2026, our total assets were $28,898 consisting of Bank Account, Mobile Application and Website Development and Accumulated amortization and Prepaid Expenses and Issuances of Common Shares.

Current Liabilities
Accounts Payable/Accrued Liabilities		$	1,347
Interest Payable			–
Total Current Liabilities			1,347
Long term Liabilities
Director Loan			–
Due to Third Party			188,249
Promissory Note			–
Total Long term Liabilities			188,249
Total Liabilities		$	189,596

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Recent Market Activity

Subsequent to July 31, 2026, the Company’s common stock experienced a significant increase in market price and trading volume. The market price increased from below approximately $0.20 per share to approximately $2.00 per share within approximately 48 hours and subsequently to approximately $3.67 per share as of August 25, 2026 and as of early September the stock had declined significantly back to $0.12 per share. Management is not aware of any material corporate development that would account for the magnitude of this increase.

The Company has not participated in, directed or otherwise caused the trading activity and is not aware of the identity or intentions of the persons or entities involved. Management notified FINRA of the unusual market activity. The Company cannot predict the future trading price or trading volume of its common stock, and the market price may experience significant volatility.

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the six months ended July 31, 2026, net cash flows used in operating activities was $(89,446) consisting of:

CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)		$	(92,199	)
Adjustment to reconcile net income (loss) to cash provided by operating activities
Accumulated amortization			4,100
Increase in accounts payable			(1,347	)
CASH FLOWS USED IN OPERATING ACTIVITIES		$	(89,446	)

Cash Flows from Investing Activities

We have not generated any cash flows from investing activities as of July 31, 2026.

Cash Flows from Financing Activities

We have generated positive cash flows from financing activities. For six months ended July 31, 2026, we generated $79,057 consisting of:

CASH FLOWS FROM FINANCING ACTIVITIES
From Related Parties		$	79,057
Interest payable			–
Capital Stock			–
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		$	79,057

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Plan of Operation and Funding

We expect that working capital requirements will continue to be funded through a combination of our existing funds and further issuances of securities. Our working capital requirements are expected to increase in line with the growth of our business.

Existing working capital, further advances and debt instruments, and anticipated cash flow are expected to be adequate to fund our operations over the next three months. We have no lines of credit or other bank financing arrangements. Generally, we have financed operations to date through the proceeds of the private placement of equity and debt instruments. In connection with our business plan, management anticipates additional increases in operating expenses and capital expenditures relating to: (i) acquisition of inventory; (ii) developmental expenses associated with a start-up business; and (iii) marketing expenses. We intend to finance these expenses with further issuances of securities, and debt issuances. Thereafter, we expect we will need to raise additional capital and generate revenues to meet long-term operating requirements. Additional issuances of equity or convertible debt securities will result in dilution to our current shareholders. Further, such securities might have rights, preferences or privileges senior to our common stock. Additional financing might not be available upon acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, we might not be able to take advantage of prospective new business endeavors or opportunities, which could significantly and materially restrict our business operations. We will have to raise additional funds in the next twelve months in order to sustain and expand our operations. We currently do not have a specific plan of how we will obtain such funding; however, we anticipate that additional funding will be in the form of equity financing from the sale of our common stock. We have and will continue to seek to obtain short-term loans from our directors, although no future arrangement for additional loans has been made. We do not have any agreements with our directors concerning these loans. We do not have any arrangements in place for any future equity financing.

Off-Balance Sheet Arrangements

As of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.

Going Concern

The financial statements have been prepared “assuming that we will continue as a going concern,” which contemplates that we will realize our assets and satisfy our liabilities and commitments in the ordinary course of business.

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

As a smaller reporting company, the Company is not required to provide the information otherwise required by this Item.

Item 4. Controls and Procedures

Our management is responsible for establishing and maintaining a system of disclosure controls and procedures (as defined in Rule 13a-15(e) and 15d-15(e) under the Exchange Act) that is designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive officer or officers and principal financial officer or officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

Under the supervision and with the participation of our management, including our principal executive and financial officer, we conducted an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures as of July 31, 2026. Based on this evaluation, our management concluded that our disclosure controls and procedures were not effective as of such date to ensure that information required to be disclosed in our SEC filings is recorded, processed, summarized, and reported within the required time periods. There has been no change in our internal control over financial reporting during our current quarterly period to July 31, 2026 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

Item 1. Legal Proceedings

Management is not aware of any legal proceedings contemplated by any governmental authority or any other party involving us or our properties. As of the date of this Quarterly Report, no director, officer or affiliate is (i) a party adverse to us in any legal proceeding, or (ii) has an adverse interest to us in any legal proceedings. Management is not aware of any other legal proceedings pending or that have been threatened against us or our properties.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

No report required.

Item 3. Defaults Upon Senior Securities

No report required.

Item 4. Mine Safety Disclosures

Not applicable.

Item 5. Other Information

During the quarter ended July 31, 2026, no director or officer of the Company adopted or terminated a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 6. Exhibits

Exhibit		Description
31.1		Certification of the Company’s Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002*
32.1		Certification of the Company’s Principal Executive Officer and Principal Financial pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002**
101.INS		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)*
101.SCH		Inline XBRL Taxonomy Extension Schema Document*
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document*
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document*
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document*
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document*
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)*

_____________

*	Filed herewith.
**	Furnished and not filed

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

September 14, 2026		Rapid Line Inc.
	By:	/s/ Richard Chiang
		Richard Chiang, President, Secretary,
		Treasurer, Principal Executive Officer,
		Principal Financial Officer and
		Principal Accounting Officer and
		Sole Director

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