Company: RIVF
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001376474-25-000660
Chunk: 60

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 8
Chunk 60
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 of our disclosure controls and procedures. Based upon such evaluation, our chief executive officer and our chief financial officer have concluded that, as of September 30, 2024, 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.

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

20

As of the date of this filing, the Company had defaulted on approximately $203,000 of principal amount of outstanding debt. The total arrearage as of the date of this filing was approximately $238,000, which includes both principal and interest.

Item 4. Mine Safety Disclosures

N/A

Item 5. Other Information

N/A

21

Item 6. Exhibits

Exhibit No.
 
Description

10.1
 
Nutcracker License Agreement

10.2
 
Notes Payable Agreement (if relevant)

10.3
 
Casa Azul Investment Agreement

31.1*
 
Certification of the Chief Executive Officer/Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1*
 
Certification of the Chief Executive Officer/Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

101.INS*
 
Inline XBRL Instance Document.

101.SCH*
 
Inline XBRL Taxonomy Extension Schema Document

101.CAL*
 
Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.LAB*
 
Inline XBRL Taxonomy Extension Label Linkbase Document

101.P