Company: RIVF
Filing Date: 2025-06-09
Form Type: 10-KT/A
Source: 0001376474-25-000520
Chunk: 11

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-06-09
Form: 10-KT/A
Chunk 11
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 Further, in accordance with ASC 505-10 and SAB Topic 4.E, the equity prepayment has been presented as a deduction from stockholders equity (deficit). Refer to Note 3 for additional information. Change in Fiscal Year End On July 7, 2024 the Company announced that it was changing its fiscal year end from December 31 to June 30. In accordance with the requirements outlined in Exchange Act Rule 13a-10 and the staff interpretive guidance provided in Section 1360 of the Financial Reporting Manual (the “FRM”), this transition report includes the audited transition period for the six months ended June 30, 2024 and two years ended December 31, 2023. In addition, in accordance with 1365.1 of the FRM, the Company has also provided unaudited financial information for the six-month period ended June 30, 2023 in the notes to the financial statements. Litigation From time to time, we may become involved in legal proceedings or other litigation that we consider to be a part of the ordinary course of our business. Presently, we are not involved in any litigation and to the best knowledge of management, there are no legal proceedings pending or threatened against the Company. 10 Note 2. Significant Accounting Policies Principles of Consolidation The Company is currently comprised of a single legal entity. Thus, our financial statements do not represent the consolidation of multiple legal entities. Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"). Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company continually evaluates estimates used in the preparation of the financial statements for reasonableness. Going Concern The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company had cash and cash equivalents of $ 38,365as of June 30, 2024. Due to our limited cash as of June 30, 2024, there is substantial doubt about the entity's ability to continue as a going concern within one year after the date the financial statements are issued. While the Company does not have any firm commitments