Rapid Line Inc. SEC 10-Q Report

Rapid Line Inc., a development stage company focused on online education, has released its Form 10-Q report for the quarter ended April 30, 2025. The report highlights significant financial and operational changes, including a major change in control and debt forgiveness, which have impacted the company's financial position and future outlook.

Financial Highlights

Revenues: $0. The company did not generate any revenues during the three months ended April 30, 2025.

Net Income (Loss): $98,283. The net income was primarily due to the forgiveness of debt amounting to $114,731.

Net Loss Per Share: Basic and Diluted: $0.03. Reflects the net income achieved during the period.

Business Highlights

Change in Control: On March 18, 2025, there was a significant change in control of Rapid Line Inc. Jiang Jian acquired 2,500,000 shares, representing approximately 68.82% of the company's outstanding common stock, gaining voting control. This change was accompanied by the resignation of Wiktor Moroz as the Sole Director, CEO, CFO, and Secretary, with Jiang Jian taking over these roles.

Debt Forgiveness: In connection with the change in control, the company's former sole officer and director, Wiktor Moroz, forgave all amounts owed to him by the company, totaling $114,731 in principal and interest. This forgiveness significantly impacted the company's financial position by eliminating its liabilities.

Operational Focus: Rapid Line Inc. is a development stage company focused on online education, specifically in the areas of development, marketing, and business process analysis. The company is still in the early stages of its operations and has not yet generated any revenue.

Future Outlook: The company acknowledges the need for additional capital to meet long-term operating requirements and plans to raise funds through the sale of equity or debt securities. Management is focused on commencing operations and generating sufficient revenue, although there is substantial doubt about the company's ability to continue as a going concern without additional funding.

Office Space Arrangement: The company's sole officer and director, Jiang Jian, provides office space to the company at no charge, which is a cost-saving measure for the company during its development stage.

SEC Filing: Rapid Line Inc. [ RPDL ] - 10-Q - Jul. 07, 2025