Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 296

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 5
Chunk 296
---
ization adjustments to common stock and additional-paid-in-capital.

-Evaluated
                                            the adequacy of the Company’s disclosures in the financial statements regarding the
                                            nature, accounting treatment, and impact of the reverse merger.

    We have served as the Company’s
    auditor since 2024.
  
     ASTRA
    Audit & Advisory LLC
  
    PCAOB Firm ID #6920
  
    Tampa, Florida
  
    October 15, 2025

F-2

Rivulet
Entertainment, Inc.

Consolidated
Balance Sheets

    2025  
    2024(2) 

    As of June 30, 

    2025  
    2024(2) 

    ASSETS 

    CURRENT ASSETS 

    Cash 
    $128,089  
    $101,721 
  
    Accounts receivable, net 
     1,999,979  
     - 
  
    Prepaid expenses 
     24,983  
     47,044 
  
    Other current assets 
     778,530  
     - 
  
    Total current assets 
    $2,931,581  
    $148,765 

    NONCURRENT ASSETS 

    Film costs 
    $15,013,594  
    $10,024,760 
  
    Deposits 
     866,440  
     854,390 
  
    Equity investment 
     1,000,000  
     2,000,000 
  
    Total noncurrent assets 
    $16,880,034  
    $12,879,150 

    Total assets 
    $19,811,615  
    $13,027,915 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT 

    CURRENT LIABILITIES 

    Accounts payable 
    $738,222  
    $205,249 
  
    Accrued expenses 
     1,979,924  
     712,229 
  
    Related party loans, current 
     2,880,000  
     - 
  
    Notes payable, current 
     17,214,742  
     4,890,000 
  
    Other current liabilities 
     3,500,000  
     154,689 
  
    Total current liabilities 
    $26,