Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 27

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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 March 31, 2025, negative working capital of $22.6 million and shareholders’ deficit of $9.2
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 nine month period ended March 31, 2025. As such, the Company concluded that there is substantial
doubt 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.

 16

Cash
Flows

The
following tables summarize the results of our cash flows for the below respective periods:

    For the Nine Months Ended March 31, 

    2025  
    2024 
  
    Net (loss) income 
    $(4,181,134) 
    $(120,402)
  
    Net cash flows provided by (used in) operating activities 
     (9,253,018) 
     (5,650,246)
  
    Net cash flows provided by (used in) investing activities: 
     -  
     - 
  
    Net cash flows provided by (used in) financing activities: 
     9,251,930  
     5,648,038 
  
    Net change in cash 
     (1,088) 
     (2,208)
  
    Cash, beginning of period 
     101,721  
     2,683 
  
    Cash, end of period 
    $100,633  
    $475 

Operating
Activities

Net
cash used in operating activities was approximately $9.3 million for the nine months ended March 31, 2025. Cash used in operating activities
resulted from a net loss for the nine months ended March 31, 2025 of approximately $4.2 million, a decrease in cash from changes in operating
assets and liabilities of approximately $15.5 million and amortization of film costs of approximately $10.5 million. Film cost amortization
is a non-cash expense and is a reconciling item between net loss and cash flow used in operations.

Net
cash used in operating activities was approximately $5.6 million for the nine months ended March 31