Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 15

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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 active markets;

    ●
    Level
    2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted
    prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active;
    and

    ●
    Level
    3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions,
    such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.

The
reporting amount of cash represents fair value due to its liquid nature. Further, the stated amounts of related and non-related notes
payable also represent fair value as the borrowings are issued at prevailing market rates. As of March 31, 2025 and June 30, 2024, the
Company did not have any assets measured at fair value on a recurring basis that would require disclosure based on the fair value hierarchy
outlined in ASC 820.

     9

Related
Party Disclosures

The
Company discloses all related party transactions in accordance with the guidance in ASC 850, Related Party Disclosures. To that
extent, amounts of related party transactions are stated on the face of the condensed consolidated balance sheets, condensed consolidated
statements of operations and condensed consolidated statements of cash flows (as applicable).

Segment
Reporting

The
Company currently operates in a single operating segment. Operating segments are reported in a manner consistent with the internal reporting
provided to the Company’s chief operating decision maker (“the CODM”). The Company’s CODM, which is its Chief
Executive Officer, views the Company’s operations and manages its business as a single operating segment, which is currently movie
film production. The CODM primarily evaluates cash flow from operations and overall liquidity to determine its ability to deliver
its picture films.

Commitments
and Contingencies

The
Company accounts for contingencies in accordance with ASC 450-20, Contingencies. Certain conditions may exist as of the date the
condensed consolidated financial statements are issued, which may result in a loss to the Company, but which will only be resolved when
one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves
an exercise of judgment. In assessing loss contingencies related to legal proceedings that are pending against the Company or un-asserted
claims that may result in such proceedings,