Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 58

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 58
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 net loss for the six months ended December 31, 2024 of approximately $3.6 million, a decrease in cash
from changes in operating assets and liabilities of approximately $18.7 million and amortization of film costs of
approximately $10.5 million. Film cost amortization is a non-cash expense and is a reconciling item between net loss and cash flow
used in operations.

Net
cash used in operating activities was approximately $2.0 million for the six months ended December 31, 2023. Cash used in operating
activities resulted from net loss for the six months ended December 31, 2023 of approximately $0.1 million and a decrease in cash
from changes in operating assets and liabilities of approximately $1.9 million.

Investing
Activities

There
were no investing activities during either the six months ended December 31, 2024 or 2023.

Financing
Activities

Net
cash provided by financing activities was approximately $12.3 million for the six months ended December 31, 2024 and consisted of proceeds
from notes payable in the amount of approximately $18.3 million and payments on notes payable in the amount of approximately $6.0 million.

Net
cash provided by financing activities was approximately $2.0 million for the six months ended December 31, 2023 and consisted of proceeds
from notes payable in the amount of approximately $7.8 million and payments on notes payable in the amount of approximately $5.8 million.

17

Results
of Operations

Our
financial results for the three and six months ended December 31, 2024 and 2023 are summarized as follows: 

    For
    the Three Months Ended December 31,  
    For
    the Six Months Ended December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Revenues 
    $10,000,000  
    $-  
    $10,000,000  
    $- 
  
    Film cost amortization 
     10,468,247  
     -  
     10,468,247  
     - 
  
    Gross margin 
    $(468,247) 
    $-  
    $(468,247) 
    $- 

    Operating Expense 

    General
    and administrative 
    $2,