Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 388

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 388
---
 expense 
     (891,330) 
     - 
  
    Other (expense) income 
    $(1,889,081) 
    $- 

    Net loss before income taxes 
    $(5,919,900) 
    $(181,489)
  
    Income tax expense 
     -  
     - 
  
    Net loss 
    $(5,919,900) 
    $(181,489)

    Basic and diluted loss per share 
    $(0.05) 
    $(0.00)

    Basic and diluted weighted average shares outstanding(1) 
     109,447,760  
     96,722,950 

(The
accompanying notes are an integral part of these consolidated financial statements)

    (1)
    For
    the twelve months ended June 30, 2024, 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 (refer to Note 9)

    (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.

F-4

Rivulet
Entertainment, Inc.

Consolidated
Statements of Changes in Shareholders’ Deficit

For
the Twelve Months Ended June 30, 2025 and 2024

    Shares  
    Amount(1)(2)  
     Capital(2)  
    Deficit(2)  
    Total(2) 

    Common Stock(1)  
    Additional Paid-in  
    Accumulated  

    Shares  
    Amount(2)  
     Capital(2)  
    Deficit(2)  
    Total(2) 
  
    Balance, June 30, 2023 
     96,722,950  
    $96,723  
    $(96,723) 
    $(4,851,079) 
    $(4,851,079)
  
    Net loss 
     -  
     -  
     -  
     (181,489) 
     (181,489)
  
    Balance, June 30, 2024 
     96,722,950  
    $96,723  
    $(96,723)