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

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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$96,723  

Additional paid-in capital
 
4,341,499  
 
(96,723) 

Shareholders' deficit
 
(5,635,932) 
 
(5,032,568) 

Total shareholders' deficit
 
$(1,184,737) 
 
$(5,032,568) 

Total liabilities & shareholders' deficit
 
$14,039,728  
 
$13,027,915  

See accompanying notes to the unaudited 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

1

Rivulet Entertainment, Inc.

Condensed Consolidated Statements of Operations

(Unaudited)

For the Three Months Ended September 30,

2024
 
2023(2)

Revenues

$-  
 
$-  

Production cost amortization

-  
 
-  

Gross margin

$-  
 
$-  

Operating Expense

General and administrative

$496,578  
 
$102,764  

Total operating expenses

$496,578  
 
$102,764  

Net loss before other income (expense)

$(496,578) 
 
$(102,764) 

Other (expense)/income

Other income

$127  
 
$7,760  

Interest expense

(106,913) 
 
-  

Other (expense)/income

$(106,786) 
 
$7,760  

Net loss before income taxes

$(603,364) 
 
$(95,004) 

Income tax expense

-  
 
-  

Net loss

$(603,364) 
 
$(95,004) 

Basic and diluted loss per share

($0.01) 
 
$0.00  

Basic and diluted weighted average shares outstanding(1)

108,719,419  
 
96,722,950  

See accompanying notes to the unaudited condensed consolidated financial statements.

(1) Basic and diluted share information has been determined using the exchange ratio established as part of the reverse merger that was completed during July of 2024 (