Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 258

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 4
Chunk 258
---
     
    2022
     
    100%
  
    Storyland
    Productions, LLC
     
    2021
     
    100%
  
    Da
    Vinci, LLC
     
    2023
     
    100%
  
    Garden,
    LLC
     
    2023
     
    100%
  
    Storyland
    Animation, LLC
     
    2021
     
    100%
  
    Rivulet
    Media Ventures, LLC
     
    2023
     
    100%
  
    The
    Dink Productions, LLC
     
    2024
     
    100%

Going
Concern

The
Company had cash of $128,089 as
of June 30, 2025, negative working capital of $23.4 million and accumulated deficit of $11.0
million. Further, during the twelve months ended
June 30, 2025, the Company incurred a net loss of $5.9
million and cash flow used in operations of $11.0
million for the twelve months ended June 30, 2025. As such,
the Company concluded that there is substantial about its ability to continue as a going concern. The Company hopes to mitigate the conditions
or events that raise substantial doubt about its ability to continue as a going concern through its future sales of movie rights and
future capital raises.

Use
of Estimates

The
preparation of financial statements in conformity with U.S. GAAP requires the Company’s management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenues and expenses during the reporting period. Making estimates requires management to exercise
significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances
that existed at the date of the consolidated financial statements, which management considered in formulating its estimate,
could change in the near term due to one or more future confirming events. The Company bases its estimates on historical experience and
on various assumptions that are believed to be reasonable, the results of which form the basis for the amounts recorded in the consolidated financial statements.

Cash
and Cash Equivalents

The
Company considers all short-term investments with an original maturity of three months or less when purchased to be cash or cash equivalents.