Company: RIVF
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001376474-25-000660
Chunk: 12

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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ited condensed 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)

For the Three Months Ended September 30,

2024
 
2023

Cash flows from operating activities:

Net loss
 
$
               (603,364)
 
$
                 (95,004)

Change in operating assets and liabilities:

Accounts receivable

                          -   

                 149,997 

Prepaid expenses

               (174,529)

                     1,667 

Other current assets

               (125,903)

                 (35,440)

Film costs

               (515,121)

                   (6,531)

Deposits

                   94,224 

                   (7,500)

Accounts payable

                   69,404 

                     7,033 

Accrued expenses

                 383,363 

                      (102)

Other current liabilities

                 (91,810)

                 (77,055)

Net cash flows used in operating activities

               (963,736)

                 (62,935)

Cash flows from investing activities:

Net cash flows provided by (used in) investing activities:

                          -   

                          -   

Cash flows from financing activities:

Proceeds from notes payable

                 941,064 

                   60,295 

Net cash flows provided by financing activities:

                 941,064 

                   60,295 

Net change in cash

                 (22,672)

                   (2,640)

Cash, beginning of period

                 101,721 

                     2,683 

Cash, end of period
 
$
                   79,