Mon, Mar 31, 11:22 AM (21 days ago)
**Rapid Line Inc. (RPDL) - Financial Summary** **Company Overview:** Rapid Line Inc. is a development-stage company focused on online education, offering a mobile application "KIDWIN" for children aged 7-16. The company operates in Poland and plans to expand to other European countries. Recent change in control saw Jiang Jian acquire 68.82% of outstanding shares, replacing Wiktor Moroz as the sole director and executive officer. **Financial Performance (in thousands):** - **Revenue:** $0 for FY 2025, $7.8 for FY 2024. - **Net Income:** ($27.565) for FY 2025, ($40.247) for FY 2024. - **Operating Expenses:** $27.565 for FY 2025, $48.047 for FY 2024. - **Earnings Per Share:** ($0.00) for both FY 2025 and FY 2024. **Financial Condition:** - **Cash:** $36 (in escrow) as of January 31, 2025. - **Working Capital Deficit:** ($12.391) as of January 31, 2025. - **Total Assets:** $32.541 as of January 31, 2025. - **Total Liabilities:** $100.370 as of January 31, 2025. - **Stockholders' Deficit:** ($67.828) as of January 31, 2025. **Market Position:** - **Trading Symbol:** RPDL (not currently trading). - **Outstanding Shares:** 3.632.750 as of March 28, 2025. - **Record Owners:** Approximately 37 as of March 28, 2025. **Risk Factors:** - **Going Concern:** Substantial doubt about the ability to continue as a going concern due to recurring losses and limited operations. - **Cybersecurity:** No formal cybersecurity risk management program implemented. - **Operational Risks:** Dependence on additional investment capital to fund operating expenses. **Future Outlook:** - **Revenue Generation:** No significant revenue anticipated until sufficient funds are obtained for marketing. - **Cybersecurity:** Plans to implement a cybersecurity risk management program by the end of 2025. - **Operational Expansion:** Intends to raise additional funds through the capital markets. **Strategic Overview:** - **Business Model:** Focus on online education through the KIDWIN mobile application. - **Market Expansion:** Plans to expand to other European countries. - **Corporate Governance:** Sole director and officer, with plans to enhance governance as operations scale. **Conclusion:** Rapid Line Inc. is in a development stage with significant financial challenges. The company's future depends on securing additional investment capital and successfully implementing its strategic plans for market expansion and cybersecurity.