Rapid-Line Inc.
Balance Sheet
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|
| Assets | |||||
| Cash & Equivalents | $19.1K | $36 | $4.5K | $23.1K | $51 |
| Accounts Receivable | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Total Current Assets | $19.1K | $89 | $4.5K | $24.8K | $51 |
| Property, Plant & Equipment | — | — | — | — | — |
| Goodwill | — | — | — | — | — |
| Intangible Assets (Excl. Goodwill) | $24.3K | $32.5K | $24.3K | $32.5K | $40.6K |
| Total Assets | $43.4K | $32.5K | $28.8K | $57.2K | $40.7K |
| Liabilities | |||||
| Accounts Payable | $2.7K | $0 | — | — | — |
| Total Current Liabilities | $2.7K | $12.5K | $8.4K | $4.3K | $180 |
| Long-Term Debt | — | — | $41.0K | $41.0K | $41.0K |
| Total Liabilities | $111.9K | $100.4K | $69.0K | $58.5K | $41.2K |
| Stockholders' Equity | |||||
| Retained Earnings | $-235.8K | $-90.7K | $-63.2K | $-22.9K | $-731 |
| Total Stockholders' Equity | $-68.5K | $-67.8K | $-40.3K | $-1.3K | $-481 |