Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 208

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 3
Chunk 208
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 months ended June 30, 2024, common stock outstanding has been determined in accordance with the exchange ratio established
    as part of the reverse merger that was completed during July of 2024 (refer to Note 9)

    (2)
    Financial
    information for the comparative period reflects the combination of certain former Rivulet Media, inc. entities under common control
    that were transferred as part of the reverse merger transaction.

F-5

Rivulet
Entertainment, Inc.

Consolidated
Statements of Cash Flows

    2025  
    2024(1) 

    For the Twelve Months Ended June 30, 

    2025  
    2024(1) 
  
    Cash flows from operating activities: 

    Net loss 
    $(5,919,900) 
    $(181,489)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Amortization of film costs 
     10,468,345  
     - 
  
    Investment impairment 
     1,000,000  
     - 
  
    Bad debt expense 
     -  
     120,000 
  
    Change in operating assets and liabilities: 

    Accounts receivable 
     (1,999,979) 
     29,997 
  
    Prepaid expenses 
     22,061  
     (45,377)
  
    Other current assets 
     (778,530) 
     - 
  
    Film costs 
     (15,457,179) 
     (9,594,246)
  
    Deposits 
     (12,050) 
     (758,274)
  
    Accounts payable 
     532,973  
     205,249 
  
    Accrued expenses 
     1,259,869  
     690,133 
  
    Other current liabilities 
     (91,810) 
     77,634 
  
    Net cash flows used in operating activities 
     (10,976,200) 
     (9,456,373)

    Cash flows from investing activities: 

    Net cash flows provided by (used in) investing activities: 
     -  
     - 

    Cash flows from financing activities: 

    Proceeds from notes payable 
     21,