Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 4

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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(603,364) 
     (603,364)
  
    Balance, September 30, 2024 
     109,695,876  
    $109,696  
    $4,341,499  
    $(5,635,932) 
    $(1,184,737)
  
    Balance 
     109,695,876  
    $109,696  
    $4,341,499  
    $(5,635,932) 
    $(1,184,737)

    Net loss 
     -  
     -  
     -  
     (3,023,231) 
     (3,023,231)
  
    Balance, December 31, 2024 
     109,695,876  
    $109,696  
    $4,341,499  
    $(8,659,163) 
    $(4,207,968)
  
    Balance 
     109,695,876  
    $109,696  
    $4,341,499  
    $(8,659,163) 
    $(4,207,968)

The accompanying notes are an integral part of these consolidated financial statements.

(1)Common stock outstanding
has been determined in accordance with the exchange ratio established as part of the reverse merger that was completed during July of
2024 (refer to Note 8)

(2)Financial information
for the comparative period reflects the combination of certain former Rivulet Media, inc. entities under common control that were transferred
as part of the reverse merger transaction

3

Rivulet
Entertainment, Inc.

Condensed
Consolidated Statements of Cash Flows

(Unaudited)

    2024  
    2023(1) 

    For
    the Six Months Ended December 31, 

    2024  
    2023(1) 
  
    Cash flows from operating
    activities: 

    Net loss 
    $(3,626,595) 
    $(111,156)
  
    Adjustments to reconcile net loss
    to net cash used in operating activities: 

    Amortization of film costs 
     10,468,247  
     - 
  
    Change in operating assets and liabilities: 

    Accounts receivable 
     (6,572,000) 
     90