Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 29

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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-  
    $(638,725) 
    $- 

    Net (loss) income before income taxes 
     (554,539) 
     (9,246) 
     (4,181,134) 
     (120,402)
  
    Income tax expense 
     -  
     -  
     -  
     - 
  
    Net (loss) income 
    $(554,539) 
    $(9,246) 
    $(4,181,134) 
    $(120,402)

For
the Three Months Ended March 31, 2025 compared to the Three Months Ended March 31, 2024

Revenues

The
Company recognized no revenues during the three months ended March 31, 2025 or three months ended March 31, 2024.

Cost
of Service

Cost
of service was $0 for the three months ended March 31, 2025 and 2024. Cost of service relates solely to the amortization of capitalized
film costs.

General
and Administrative

General
and administrative expense for the three months ended March 31, 2025 and 2024 totaled $326,385 and $9,246, respectively. General and
administrative costs for the three months ended March 31, 2025 of $326,385 consisted of professional fees of $116,632, payroll costs
of $100,720, office expenses of $31,397, external communication costs of $13,461, travel, meals and entertainment costs of $1,223
and other expenses of $62,952.

General
and administrative costs for the three months ended March 31, 2024 of $9,246 consisted of bank charges of $6,577 and other costs of $2,669.

The
increase in general and administrative for the three months ended March 31, 2025 as compared to the three months ended March 31, 2024
was primarily related to  general organizational ramp-up to administratively support the Company’s in-production
and pre-production films.

Other
(expense) income

For
the three months ended March 31, 2025, other (expense) income totaled $228,154 which consisted of interest expense of $228,290 and other
income of $136. For the three months ended March 31, 2024, other (expense) income was $0.