Company: RIVF
Filing Date: 2025-06-09
Form Type: 10-KT/A
Source: 0001376474-25-000520
Chunk: 14

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-06-09
Form: 10-KT/A
Chunk 14
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 and Exchange Commission on November 12, 2024 were materially misstated. Specifically, the previously filed financial statements presented the $26.9 million equity prepayment to Rivulet Media as an asset instead of a deduction from stockholder's equity (deficit). In order to correct the error, the Company has restated its financial statements to reclassify $26.9 million from current assets to a deduction in stockholders' equity (deficit). The restatement had the following impact on the financial statement line items included in the Company's balance sheet and statement of shareholders equity (deficit), respectively as follows:

| TABLE 1                                   |              |                |              |
| Balance Sheet                             |              |                |              |
|                                           |   Form 10-KT | Adjustment     | Form 10-KT/A |
| Asset Purchase Deposit                    | $ 29,894,641 | $ (26,944,641) |  $ 2,950,000 |
| Current Assets                            | $ 29,933,006 | $ (26,944,641) |  $ 2,988,365 |
| Total Assets                              | $ 29,933,830 | $ (26,944,641) |  $ 2,989,189 |
| Additional Paid in Capital                | $ 38,658,405 | $ (26,944,641) | $ 11,713,764 |
| Total stockholders' equity (defiict)      | $ 29,741,176 | $ (26,944,641) |  $ 2,796,535 |
| Total liabilities and stockholders equity | $ 29,933,830 | $ (26,944,641) |  $ 2,989,189 |

| TABLE 2                                    |              |                |             |
| Statement of Shareholders Equity (deficit) |              |                |             |
| Share issuance - acquisition prepayment    | $ 26,944,641 | $ (26,944,641) |         $ - |
| Balance, June 30, 2024                     | $ 29,741,176 | $ (26,944,641) | $ 2,796,535 |

The error did not materially impact either the statement of operations or statement of cash flows.

Note 4. Unaudited Comparative Period Information

Pursuant to the requirements in Exchange Act Rule 13-10(b) the Company is providing the