Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 359

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 6
Chunk 359
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    30, 2024 
  
    Federal
    Statutory Rate 
     21% 
     21%
  
    State tax,
    net on income tax benefit 
     3.87% 
     3.87%
  
    Change
    in Valuation Allowance 
     -24.87% 
     -24.87%
  
    Effective
    Tax Rate 
     -  
     - 

We
account for income taxes using the asset and liability method. Deferred taxes are recorded based on differences between the financial
statement basis and tax basis of assets and liabilities and available tax loss and credit carryforwards.

    F-14

The
significant components of our deferred taxes consisted of the following:

 SCHEDULE OF SIGNIFICANT COMPONENTS OF OUR DEFERRED TAXES

    June
    30, 2025  
    June
    30, 2024 
  
    Deferred
    Tax Assets: 

    Bad
    Debt 
    $-  
    $29,845 
  
    Net
    Operating Losses 
     1,472,279  
     1,494,451 
  
    Gross
    Deferred Tax Assets 
     1,472,279  
     1,524,296 
  
    Valuation
    Allowance 
     (1,472,279) 
     (1,451,822)
  
    Net
    Deferred Tax Assets 
    $-  
    $72,474 
  
    Deferred
    Tax Liabilities: 
     -  
     - 
  
    Partnership
    Income / (Loss) 
     -  
     (72,474)
  
    Gross
    deferred tax liabilities 
     -  
     (72,474)
  
    Net
    deferred tax asset (liability) 
    $-  
    $- 

For
our fiscal year ended June 30, 2024, the Company’s items of income, deductions, assets, and liabilities were included within the
consolidated tax return of its ultimate U.S. parent, Rivulet Media. The provision for income taxes were calculated by applying a “separate
return” method. Under this method, the current provision was the amount of tax payable or refundable on the basis of a hypothetical,
current-year separate return. Any deferred taxes on temporary differences,