Company: RIVF
Filing Date: 2025-06-09
Form Type: 10-KT/A
Source: 0001376474-25-000520
Chunk: 7

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-06-09
Form: 10-KT/A
Chunk 7
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 for the fiscal year ended December 31, 2023 and primarily consisted of proceeds from a release from escrow of common stock of approximately $305,000 and related party advance of approximately $123,500 somewhat offset by a payment of the related party advance of approximately ($60,000) and a note payable payment of approximately ($20,000). Net cash from financing activities was $34,489 for the fiscal year ended December 31, 2022 and consisted of proceeds from a common stock offering of $5,000 and a related party advance of $29,489. Results of Operation The Company did not have material results of operation during either the six-month period ended June 30, 2024 or two-year period ended December 31, 2023. To that extent, the Company incurred a net loss of $54,677 and $47,230 during the six months ended June 30, 2024 and June 30, 2023, respectively. The increased net loss in fiscal year 2023 (as compared to fiscal year 2022) was primarily due to increased compensation expense of $173,030 as compared to the same period in prior year. Critical Accounting Estimates Due to our limited operations as of June 30, 2024, the Company does not make any estimates like those outlined in Item 303(b)(3) of Regulation S-K. 3 Item 8. Financial Statements and Supplementary Data. REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Directors and Audit Committee of Rivulet Entertainment Inc. 7659 East Wood Drive Scottsdale, AZ 85260 Opinion on the Financial Statements We have audited the accompanying balance sheets of Rivulet Entertainment Inc. (the “Company”) as of June 30, 2024, December 31, 2023 and 2022, and the related statements of operations, changes in stockholders’ equity (deficit), and cash flows for each of the periods ended June 30, 2024, December 31, 2023 and 2022 and the related notes (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of June 30, 2024, December 31, 2023 and 2022, and the results of its operations and its cash flows for each of the periods then ended, in conformity with accounting principles generally accepted in the United States of