Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 108

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1B
Chunk 108
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 2025 and 2024
     
    F–6

    Notes to the Consolidated Financial Statements
     
    F–7

13

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To
the Board of Directors and

Stockholders of Rivulet Entertainment, Inc.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Rivulet Entertainment, Inc. (the “Company”) as of June 30,
2025 and 2024, and the related consolidated statements of operations, shareholders’ deficit, and cash flows for each of the
years in the two-year period ended June 30 2025, and the related notes (collectively referred to as the financial statements). In
our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30,
2025 and 2024, and the results of its operations and its cash flows for each of the years in the two-year period ended June 30
2025, in conformity with accounting principles generally accepted in the United States of America.

Substantial
Doubt about the Company’s Ability to Continue as a Going Concern

The
accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note
2, the Company has incurred net losses and negative cash flow from operations. These factors raise substantial doubt about the Company’s
ability to continue as a going concern. Our opinion is not modified with respect to that matter.

Basis
for Opinion

These
financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s
financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board
(United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We
conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain
reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company
is not required to have, nor were we engaged to perform, audits of its internal control over financial reporting. As part of our audits,
we are required to obtain an understanding of internal control