Rapid Line Inc. Reports No Revenue and Net Loss Improvement for Fiscal Year Ending January 31, 2025

Rapid Line Inc., a development-stage company focused on online education, reported no revenue for the fiscal year ending January 31, 2025, a decline from the $7,800 generated in the previous fiscal year. The company recorded a net loss of $27,565, an improvement from the $40,247 loss reported for the fiscal year ending January 31, 2024. Total expenses decreased to $27,565 from $48,047, indicating a reduction in operational costs. As of January 31, 2025, Rapid Line had cash reserves of $36 and a working capital deficit of $12,391, compared to a cash balance of $4,452 and a deficit of $3,875 a year earlier.

In a significant organizational change, Jiang Jian acquired approximately 68.82% of Rapid Line's outstanding shares on March 18, 2025, resulting in a change in control. Following this acquisition, Jian was appointed as the Sole Director, President, Chief Executive Officer, and Secretary of the company, succeeding Wiktor Moroz, who resigned from all executive positions. Despite this leadership transition, the company indicated that there would be no change in its business plan.

Rapid Line is currently developing its mobile application, "KIDWIN," which aims to provide play-based educational services to children aged 7 to 16 in Poland, with plans for future expansion into other European markets. The app covers ten subjects, including mathematics, biology, and history, and is designed to enhance children's knowledge through quizzes. The company has not yet reported user statistics or engagement metrics, as it remains in the development stage.

The company has acknowledged the need for a formal cybersecurity risk management program, which it plans to implement by the end of 2025. This program will include processes for identifying and mitigating cybersecurity risks, as well as regular assessments and audits. Rapid Line has not experienced any material impact from cybersecurity threats to date, but it recognizes the importance of establishing robust security measures as it prepares for future operations.

Looking ahead, Rapid Line's management has expressed concerns regarding its ability to continue as a going concern, citing the need for adequate capital to initiate a marketing program. The independent auditor's report raised substantial doubt about the company's ability to sustain operations over the next twelve months without securing additional funding. The company will continue to monitor its financial situation and may need to adjust its operational plans based on available resources.