Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 148

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 2
Chunk 148
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10,000,000  
    $60,000 
  
    Production cost amortization 
     10,468,345  
     - 
  
    Gross margin 
    $(468,345) 
    $60,000 

    Operating Expense 

    General and administrative 
    $3,562,474  
    $241,489 
  
    Total operating expenses 
    $3,562,474  
    $241,489 

    Net loss before other income (expense) 
     (4,030,819) 
     (181,489)

    Other income (expense) 
    $(1,889,081) 
    $- 

    Net (loss) income before income taxes 
     (5,919,900) 
     (181,489)
  
    Income tax expense 
     -  
     - 
  
    Net (loss) income 
    $(5,919,900) 
    $(181,489)

Revenues

The
Company recognized $10.0 million and $60,000 in revenues during the twelve months ended June 30, 2025 and 2024, respectively. The increase
in revenues recognized during the twelve months ended June 30, 2025 as compared to the twelve months ended June 30, 2024 was due to the
sale of a film during the current year for $10.0 million.

8

Film
Cost Amortization

Film
cost amortization was approximately $10.5 million for the twelve months ended June 30, 2025. Film cost amortization relates solely to
the amortization of capitalized film costs. As the Company does not expect to generate additional revenues from the film the entire capitalized
film cost balance was amortized, in accordance with ASC 926 - Individual Film Forecast Computation. The Company did not incur
any film cost amortization during the twelve months ended June 30, 2024.

General
and Administrative

General
and administrative expense for the twelve months ended June 30, 2025 and 2024 totaled $3,562,474 and $241,489, respectively. General
and administrative costs for the twelve months ended June 30, 2025 of $3,562,474 consisted of participation costs of $1,995,058, professional
fees of $899,599, music and musician expenses $87,275, travel & meals