Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 35

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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) and 15d-15(e)) are designed to ensure that information required to
be disclosed by us in reports we file or submit under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized
and reported within the appropriate time periods, and that such information is accumulated and communicated to the Chief Executive Officer/Chief
Financial Officer, as appropriate, to allow timely discussions regarding required disclosure. We, under the supervisions of and with
the participation of our management, including our Chief Executive Officer/Chief Financial Officer have evaluated the effectiveness of
our disclosure controls and procedures. Based upon such evaluation, our chief executive officer and our chief financial officer have
concluded that, as of March 31, 2025, our disclosure controls and procedures were ineffective because of the material weaknesses in our
internal control over financial reporting due to a lack of segregation of duties and the lack of formal documentation of our control
environment.

Changes
in internal control over financial reporting.

There
were no changes in our internal controls over financial reporting that occurred during the period covered by this Form 10-Q that has
materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART
II. OTHER INFORMATION

Item
1. Legal Proceedings

During
June of 2025, the Company received an OSHA complaint which was made against one of our wholly owned subsidiaries (i.e. “The Nutcracker”).
The Company does not believe that there is any merit to the claim. Further, an estimate of the possible loss cannot be made at this time.

Item
1A. Risk Factors

As
a smaller reporting Company, we are not required to provide the information required by this item.

Item
2. Unregistered Sales of Equity Securities and Use of Proceeds

N/A

Item
3. Defaults Upon Senior Securities

As
of the date of this filing, the Company had defaulted on approximately $353,000 of principal amount of outstanding debt. The total arrearage
as of the date of this filing was approximately $420,000, which includes both principal and interest.

Item
4. Mine Safety Disclosures

N/A

Item
5. Other Information

N/A

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Item
6. Exhibits

    Exhibit
    No.
     
    Description
  
    10.1
     
    Nutcracker License Agreement
  
    10.2
     
    Genius Equity Notes Payable Agreement