Rapid Line Inc 10-K for FY2026

Rapid Line Inc. (RPDL)

10-K 2026-05-13 For: 2026-01-31

Added on May 14, 2026

About this 10-K

Rapid Line Inc filed this 10-K on May 13, 2026, covering the fiscal year ended January 31, 2026 (FY2026).

Headline figures

Fiscal year ended January 31, 2026, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $0; compared with $0 a year earlier
Net loss: $145.1K; compared with a net loss of $27.57K a year earlier
Diluted EPS: $0.00; compared with $0.00 a year earlier

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Wyoming	98-1646802
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

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

	PART 1

ITEM 1	Description of Business	1
ITEM 1A	Risk Factors	2
ITEM 1B	Unresolved Staff comments	2
ITEM 1C	Cybersecurity	2
ITEM 2	Properties	3
ITEM 3	Legal Proceedings	3
ITEM 4	Mine Safety Disclosures	3

	PART II

ITEM 5	Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities	4
ITEM 6	[Reserved]	4
ITEM 7	Management’s Discussion and Analysis of Financial Condition and Results of Operations	4
ITEM 7A	Quantitative and Qualitative Disclosures about Market Risk	9
ITEM 8	Financial Statements and Supplementary Data	9
ITEM 9	Changes In and Disagreements with Accountants on Accounting and Financial Disclosure	9
ITEM 9A	Controls and Procedures	9
ITEM 9B	Other Information	11
ITEM 9C	Disclosure Regarding foreign Jurisdictions that Prevent Inspections	11

	PART III

ITEM 10	Directors, Executive Officers, Promoters and Control Persons of the Company	12
ITEM 11	Executive Compensation	14
ITEM 12	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	15
ITEM 13	Certain Relationships and Related Transactions	16
ITEM 14	Principal Accountant Fees and Services	17

	PART IV

ITEM 15	Exhibits	19
ITEM 16	Form 10-K Summary	19

	·	Google Play Store – Previously available at `https://play.google.com/store/apps/details?id=com.kidwin`
	·	Apple App Store – Previously available at `https://apps.apple.com/app/kid-win/id1607338471`

	·	On August 21, 2025, Jiang Jian, as sole director, appointed Richard Chiang as a director of the Company.
	·	On August 22, 2025, Jiang Jian resigned as President, Sole Director, Chief Executive Officer, Chief Financial Officer, Secretary, and Treasurer of the Company.
	·	Also on August 22, 2025, Nova Aura Limited, as the majority shareholder, elected Richard Chiang to serve as President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer, and Chairman of the Board of Directors.

	Year Ended January 31, 2026			Year Ended January 31, 2025
Revenues	$	-0-		$	-0-
General and Administrative Expenses	$	145,097		$	27,488
Other Income – Debt Forgiveness	$	144,425		$	-0-
Net Income (Loss)	$	(672	)	$	(27,488	)

	January 31, 2026			January 31, 2025
Cash	$	19,081		$	36
Total Assets	$	45,438		$	32,541
Total Liabilities	$	111,886		$	100,370
Total Stockholders’ Equity (Deficit)	$	(68,498	)	$	(67,828	)
Accumulated Deficit	$	(235,829	)	$	(90,733	)

	·	Lack of segregation of duties in certain accounting and financial reporting processes including the initiation, processing, recording and approval of disbursements;

	·	Our corporate governance responsibilities are performed by the Board of Directors, none of whom are independent under applicable standards; we do not have an audit committee or compensation committee. Our Board of Directors acts primarily by written consent without meetings which results in several of our corporate governance functions not being performed concurrent (or timely) with the underlying transactions, including evaluation of the application of accounting principles and disclosures.

	·	Certain reports that we prepare, and accounting and reporting conclusions reached in connection with the financial statement preparation process are not subjected to a formal review process that includes multiple levels of review and are not submitted timely to the Board of Directors for review or approval; and

Name	Age	Position(s)	Served Since	Term Expires
Richard Chiang	55	President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer, and Sole Director	August 22, 2025	Next Annual Meeting of Stockholders

Name of Beneficial Owner	Title of Class	Amount and Nature of Beneficial Ownership (1)		Percent of Class (2)
Nova Aura Limited (3) Majority Controlling Shareholder	Common Stock		2,500,000		68.82%
Richard Chiang (4) President, CEO, CFO, Secretary, Treasurer and Chairman	Common Stock		–		–
All Officers and Directors as a Group (1 person)	Common Stock		–		–

Fee Category	Fiscal Year 2026		Fiscal Year 2025
Audit Fees	$	15,300	$	19,500
Tax Fees		–		–
All Other Fees		–		–
Total	$	15,300	$	19,500

(a)	(1)	Financial Statements

		The following are filed as part of this Annual Report:

		The Financial Statements of Rapid Line Inc. at January 31, 2026 and 2025, and for each of the two fiscal years ended January 31, 2026 and 2025, respectively, together with the reports of the Independent Registered Public Accounting Firms, are set forth beginning on page F-1of this Annual Report.

	(2)	Not applicable.

	(3)	Exhibits

	Exhibit No.		Description
	31.1 #		Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Section 302 of Sarbanes-Oxley Act of 2002
	32.1 #		Certification of the Company’s Principal Executive Officer and Principal Financial Officer 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)

RAPID LINE INC.

By:	/s/ Richard Chiang
	Richard Chiang
	Chief Executive Officer

Signature		Title

/s/ Richard Chiang		President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer and Chairman
Richard Chiang		Principal Financial Officer and Principal Accounting Officer and Sole Director

Report of Independent Registered Public Accounting Firm		F-2

Balance Sheets as of January 31, 2026 and January 31, 2025		F-4

Statement of Operations for the Years ended January 31, 2026 and 2025		F-5

Statements of Stockholders’ Deficit for the Years ended January 31, 2026 and 2025		F-6

Statements of Cash Flows for the Years ended January 31, 2026 and 2025		F-7

Notes to the Audited Financial Statements		F-8

	January 31,			January 31,
	2026			2025
	(Audited)			(Audited)
ASSETS
Current Assets
Bank Account	$	19,081		$	36
Prepaid Expenses		53			53
Total Current Assets		19,134			89

Non- Current Intangible Assets
Mobile Application and Website Development		41,000			41,000
Accumulated Depreciation		(16,746	)		(8,548	)
Total Non-Current Intangible Assets		24,254			32,452

Total Assets	$	43,388		$	32,541

LIABILITIES
Current Liabilities
Accounts Payable/Accrued Liabilities	$	2,694		$	–
Interest Payable		–			12,480
Total Current Liabilities		2,694			12,480

Long term Liabilities
Director Loan		–			46,890
Due to Third Party		109,192			–
Promissory Note		–			41,000
Total Long term Liabilities		109,192			87,890

Total Liabilities		111,886			100,370

Stockholders’ Equity
Common stock, $0.0001 par value, 75,000,000 shares authorized; 3,632,750 shares issued and outstanding January 31, 2026 and January 31, 2025 respectively;		364			364
Additional paid-in-capital		166,967			22,542
Accumulated deficit		(235,830	)		(90,733	)
Total Stockholders’ Equity		(68,498	)		(67,828	)

Total Liabilities and Stockholders’ Equity	$	43,388		$	32,541

	Twelve			Twelve
	Months			Months
	Ended			Ended
	January 31, 2026			January 31, 2025

REVENUES	$	–		$	–

OPERATING EXPENSES
General and Administrative Expenses		145,097			27,565

TOTAL OPERATING EXPENSES		145,097			27,565

Other income/debt forgiveness		–			–

NET INCOME (LOSS) FROM OPERATIONS		(145,097	)		(27,565	)

PROVISION FOR INCOME TAXES		–			–

NET INCOME (LOSS)	$	(145,097	)	$	(27,565	)

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

					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	)

Adjustments to Additional Paid-In Capital		–		–		144,425		–			144,425

Net income for the year ending January 31, 2026		–		–		–		(145,097	)		(145,097	)

Balance, January 31, 2026		3,632,750	$	364	$	166,967	$	(235,830	)	$	(68,498	)

	Twelve Months			Twelve Months
	Ended			Ended
	January 31, 2026			January 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$	(145,097	)	$	(27,565	)
Adjustment to reconcile net income (loss) to cash provided by operating activities
Debt forgiveness		–			–
Interest Payable		(12,480	)		4100
Accumulated amortization		8,198			(8,200	)
Increase/Decrease related to Prepaid Expenses		–			–
Increase in accounts payable		2,694			–
CASH FLOWS USED IN OPERATING ACTIVITIES		(146,683	)		(31,661	)

CASH FLOWS FROM FINANCING ACTIVITIES
Related Parties		165,728			–
Related parties Loans		–			27,245
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES		165,728			27,245

Net increase in cash and equivalents		19,045			(4,416	)
Cash and equivalents at beginning of the period		36			4,452
Cash and equivalents at end of the period	$	19,081		$	36

Supplemental cash flow information:
Cash paid for:
Interest	$	–		$	–
Taxes	$	–		$	–

	January 31, 2026			January 31, 2025
Intangible Assets Purchased	$	41,000		$	41,000
Accumulated Amortization		(16,746	)		(8,548	)
Net Book Value	$	24,254		$	32,452

Schedule of income tax reconciliation
	Year Ended January 31, 2026						Year Ended January 31, 2025
	Amount ($)			%			Amount ($)			%
Federal statutory income tax benefit attributable to current operations	$	(30,470	)		(21.0%	)	$	(5,789	)		(21.0%	)
Change in valuation allowance		30,470			21.0%			5,789			21.0%
Net provision for federal income taxes	$	–			0.0%		$	–			0.0%

Deferred tax asset attributable to:	January 31, 2026			January 31, 2025
Net operating loss carryover	$	30,470		$	19,054
Less: valuation allowance		(30,470	)		(19,054	)
Net deferred tax asset	$	–		$	–

1.		I have reviewed this annual report on Form 10-K of Rapid Line Inc. (the “registrant”);

2.		Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.		Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.		The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in the Exchange Act Rules 13a-15(f) and 15d-15(f) for the registrant and have:

	a)		Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

	b)		Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

	c)		Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

	d)		Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5.	As the registrant’s sole certifying officer, I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

	a)		All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

	b)		Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

	(1)	The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities and Exchange Act of 1934; and

	(2)	The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the registrant at the dates and for the periods indicated.