Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 59

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 59
---
251,199  
    $8,392  
    $2,747,777  
    $111,156 
  
    Total operating expenses 
    $2,251,199  
    $8,392  
    $2,747,777  
    $111,156 

    Net loss before other income (expense) 
     (2,719,446)  
     (8,392) 
     (3,216,024) 
     (111,156)

    Other income (expense) 
    $(303,785) 
    $(7,760) 
    $(410,571) 
    $- 

    Net (loss) income before income taxes 
     (3,023,231) 
     (16,152) 
     (3,626,595) 
     (111,156)
  
    Income tax expense 
     -  
     -  
     -  
     - 
  
    Net (loss) income 
    $(3,023,231) 
    $(16,152) 
    $(3,626,595) 
    $(111,156)

For
the Three Months Ended December 31, 2024 compared to the Three Months Ended December 31, 2023

Revenues

The
Company recognized $10.0 million in revenues during the three months ended December 31, 2024 stemming from the sale of a film to a customer.
There were no recognized revenues during the three months ended December 31, 2023. The increase in revenues recognized during the three months ended December 31, 2024 as compared to the three months
ended December 31, 2023 was due to the sale of a film during the current year period for $10.0 million.

Cost
of Service

Cost
of service was $10.5 million for the three months ended December 31, 2024. The cost of service relates solely to the amortization of
capitalized film costs. As the Company does not expect to generate additional revenues from the film the entire film cost balance was
amortized and all of the necessary participation costs were accrued during the period. The Company did not incur any cost of service
during the three months ended December 31, 2023.

General
and Administrative

General
and administrative expense for the three months ended December 31, 202