Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 69

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 69
---
 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 
    $2,251,199  
    $8,392  
    $2,747,777  
    $111,156 
  
    Total operating expenses 
    $2,251,199  
    $8,392  
    $2,747,777  
    $111,156 

    Net loss before other income (expense) 
     (2,719,446)  
     (8,392) 
     (3,216,024) 
     (111,156)

    Other income (expense) 
    $(303,785) 
    $(7,760) 
    $(410,571) 
    $- 

    Net (loss) income before income taxes 
     (3,023,231) 
     (16,152) 
     (3,626,595) 
     (111,156)
  
    Income tax expense 
     -  
     -  
     -  
     - 
  
    Net (loss) income 
    $(3,023,231) 
    $(16,152) 
    $(3,626,595) 
    $(111,156)

For
the Three Months Ended December 31, 2024 compared to