Every 10-Q that RAPID LINE INC (RPDL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow RPDL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RPDL filings page.
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.
Rapid Line Inc. reported no revenue for the quarter ended April 30, 2026 and a net loss of $49,299. General and administrative expenses rose to $49,299 from $16,448 in the prior-year pro forma period.
Total assets were $38,642, including $16,387 in cash, while liabilities totaled $156,441, resulting in negative stockholders’ equity of $(117,799). The company has an accumulated deficit of $285,129 and has never generated revenue.
Management states that these conditions raise substantial doubt about Rapid Line’s ability to continue as a going concern and indicates plans to seek additional funding through equity or debt offerings and related-party support to pursue its online education platform.
Rapid Line Inc. filed its quarterly report for the period ended October 31, 2025, showing it remains a development-stage online education company with no revenues to date. For the nine months, it reported net income of $39,781, driven entirely by $144,425 of forgiven debt, while operating expenses of $104,644 produced an operating loss.
At October 31, 2025, Rapid Line had $27,455 in assets, $55,500 in liabilities, cash of $1,098, and a stockholders’ deficit of $(28,045). The company discloses “substantial doubt” about its ability to continue as a going concern, given its lack of revenue and need for additional capital.
During 2025 there were two changes in control: in March, 2,500,000 shares (about 68.82% of the company) were sold to Jiang Jian for $362,315, and in August those shares were sold to Nova Aura Limited for $586,473, which installed Richard Chiang as sole director and top officer. Disclosure controls and procedures were deemed not effective.
Rapid Line Inc. (RPDL) reported net income of $70,086 for the three months ended April 30, 2025, which the filing states was attributable to $114,731 of debt forgiveness. The company has never generated revenues and does not expect to generate revenues for the foreseeable future unless it obtains additional capital.
The filing discloses substantial doubt about the company's ability to continue as a going concern. It notes that the former sole officer and director forgave outstanding loans, leaving no loans or liabilities due as of the report date. Financial statements and related notes are included but the report shows minimal operating activity and reliance on financing events rather than operating revenue.