Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 1

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
---
    $18,060,483 

    Commitments and contingencies (Note 2) 
     -   
     -  

    SHAREHOLDERS’ DEFICIT 

    Common stock, par value
    of $0.001; 547,500,000 shares authorized; 109,695,876 and 96,722,950 issued and outstanding as of December 31, 2024 and June 30,
    2024, respectively(1) 
    $109,696  
    $96,723 
  
    Additional paid-in capital 
     4,341,499  
     (96,723)
  
    Accumulated deficit 
     (8,659,163) 
     (5,032,568)
  
    Total shareholders’
    deficit 
    $(4,207,968) 
    $(5,032,568)

    Total liabilities &
    shareholders’ deficit 
    $25,039,534  
    $13,027,915 

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

1

Rivulet
Entertainment, Inc.

Condensed
Consolidated Statements of Operations

(Unaudited)

    2024  
    2023(2)  
    2024  
    2023(2) 

    For the Three Months Ended
 December 31,  
    For the Six Months Ended December 31, 

    2024  
    2023(2)  
    2024  
    2023(2) 
  
    Revenues 
    $10,000,000  
    $-  
    $10,000,000  
    $- 
  
    Production cost amortization 
     10,468,247  
     -  
     10,468,247  
     - 
  
    Gross margin 
    $(468,247) 
    $-  
    $(468,247) 
    $-