Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 0

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Rivulet
Entertainment, Inc.

Condensed
Consolidated Balance Sheets

    March 31,  
    June 30, 

    2025  
    2024(2) 

    (unaudited)  

    ASSETS  

    CURRENT ASSETS  

    Cash  
    $100,633  
    $101,721 
  
    Accounts receivable, net  
     2,000,000  
     - 
  
    Prepaid expenses  
     191,578  
     47,044 
  
    Other current assets  
     555,504  
     - 
  
    Total current assets  
    $2,847,715  
    $148,765 

    NONCURRENT ASSETS  

    Film costs  
    $13,849,675  
    $10,024,760 
  
    Deposits  
     2,026,952  
     854,390 
  
    Equity investment  
     2,000,000  
     2,000,000 
  
    Total noncurrent assets  
    $17,876,627  
    $12,879,150 

    Total assets  
    $20,724,342  
    $13,027,915 

    LIABILITIES AND SHAREHOLDERS’ DEFICIT  

    CURRENT LIABILITIES  

    Accounts payable  
    $259,190  
    $205,249 
  
    Accrued expenses  
     3,390,150  
     712,229 
  
    Related party loans, current  
     2,880,000  
     - 
  
    Notes payable, current  
     15,457,509  
     4,890,000 
  
    Other current liabilities  
     3,500,000  
     154,689 
  
    Total current liabilities  
    $25,486,849  
    $5,962,167 

    NONCURRENT LIABILITIES  

    Related party loans, non-current  
     -  
     10,768,316 
  
    Notes payable, non-current  
     -  
     1,330,000 
  
    Total noncurrent liabilities  
    $-  
    $