Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 8

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 accruals and adjustments that, in the opinion of management, are necessary to
present fairly the Company’s financial position at December 31, 2024, the results of its operations for the three and six months
ended December 31, 2024 and cash flows for six months ended December 31, 2024. The results of operations for three and six months ended
December 31, 2024 are not necessarily indicative of the results to be expected for future quarters or the full year.

    5

In
the opinion of management, the interim financial statements reflect all normal recurring adjustments necessary for a fair statement of
the Company’s financial condition and operating results as of and for the periods presented. Revenue, expenses, assets and liabilities
can vary during each quarter of the year. Therefore, the interim results and trends in the interim financial statements may not be representative
of those for the full year or any future period.

Principles
of Consolidation

The
Company evaluates the need to consolidate other entities based on the guidance set forth in ASC 810, Consolidation (“ASC
810”). To that extent, the Company will consolidate entities in which it has a controlling financial interest based on the guidance
in the ASC topic. As of December 31, 2024, Rivulet Entertainment, Inc. consolidated included the following wholly owned subsidiaries:

 SCHEDULE OF WHOLLY OWNED SUBSIDIARIES

    Entity Name 
    Year
    of Incorporation 
    Percentage
    Ownership
  
    Nutcracker, LLC 
    2023 
    100%
  
    Kicklight, LLC 
    2023 
    100%
  
    Good News, LLC 
    2021 
    100%
  
    Please Baby Please LLC 
    2020 
    100%
  
    Mistress Movie, LLC 
    2020 
    100%
  
    LAC2 Productions, LLC 
    2022 
    100%
  
    Acolyte Productions, LLC 
    2022 
    100%
  
    Storyland Productions, LLC 
    2021 
    100%
  
    Da Vinci, LLC 
    2023 
    100%
  
    Garden, LLC 
    2023 
    100%
  
    Storyland Animation, LLC 
    2021 
    100%
  
    Rivulet Media Ventures, LLC 
    2023 
    100%