Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 9

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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 on the guidance set forth in ASC 810, Consolidation (“ASC
810”). To that extent, the Company will consolidate entities in which it has a controlling financial interest based on the guidance
in the ASC topic. As of March 31, 2025, Rivulet Entertainment, Inc. consolidated included the following wholly owned subsidiaries:

 SCHEDULE OF WHOLLY OWNED SUBSIDIARIES

    Entity Name 
    Year of Incorporation  
    Percentage Ownership 
  
    Nutcracker, LLC 
     2023  
     100% 
  
    Kicklight, LLC 
     2023  
     100% 
  
    Good News, LLC 
     2021  
     100% 
  
    Please Baby Please LLC 
     2020  
     100% 
  
    Mistress Movie, LLC 
     2020  
     100% 
  
    LAC2 Productions, LLC 
     2022  
     100% 
  
    Acolyte Productions, LLC 
     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 $100,633 as of March 31, 2025, negative working capital of $22.6 million and shareholders’ deficit of $4.8
million. Further, during the nine months ended March 31, 2025, the Company incurred a net loss of $4.2 million and cash flow used in
operations of $9.3 million for the interim period ended March 31, 2025. As such, the Company concluded that there is substantial doubt
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