Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 279

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 4
Chunk 279
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 expenditures are being made only in accordance with the authorization of its management and
    directors; and

    (3)
    provide
    reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that
    could have a material effect on the financial statements. 

Our
management assessed the effectiveness of its internal control over financial reporting as of June 30, 2025. We have identified, as of
June 30, 2025, a lack of segregation of duties in accounting and financial reporting activities, which we believe is a material weakness.
The size of our business necessarily imposes practical limitations on the effectiveness of those internal control practices and procedures
that rely on the segregation of duties.

The
Company has already undertaken certain plans in order to remediate the material weakness. Specifically, the Company has brought in an
outside consulting firm to assist with i) SEC reporting requirements and ii) segregation of duties. However, as a result of the material
weakness and restatement of our financial statements included in our previously filed Form 10-KT, the Company has concluded that our
internal controls over financial reporting were not effective as of June 30, 2025.

This
Form 10-K does not include an attestation report of our registered public accounting firm regarding internal control over financial reporting.
Management’s report was not subject to attestation by our registered public accounting firm as we are a non-accelerated filer.

Changes
in Internal Control Over Financial Reporting

There
were no changes in the Company’s internal controls over financial reporting that occurred during our last fiscal quarter that has
materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

ITEM
9B. OTHER INFORMATION

Not
Applicable

14

PART
III

ITEM
10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

Directors
and Executive Officers

The
Company’s directors and executive officers, and their ages as of the date of this report, are listed below. Our sole director,
Walter Geldenhuys, is not currently serving a fixed term.

    Name
     
    Age
     
    Positions(s)
  
    Walter
    Geldenhuys
     
    68
     
    President,
    CEO, Interim CFO and Director
  
    Diana
    Jakowchuk
     
    71
     
    Secretary
    and Treasurer

Family
Relationships

Not