Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 1

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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12,098,316 

    Total liabilities  
    $25,486,849  
    $18,060,483 

    Commitments and contingencies (Note 2)  
     -  
     - 

    SHAREHOLDERS’ DEFICIT  

    Common stock, par value of $0.001; 547,500,000 shares authorized; 109,695,876 and 96,722,950 issued and outstanding as of March 31, 2025 and June 30, 2024, respectively(1)   
    $109,696  
    $96,723 
  
    Additional paid-in capital  
     4,341,499  
     (96,723)
  
    Accumulated deficit  
     (9,213,702) 
     (5,032,568)
  
    Total shareholders’ deficit  
    $(4,762,507) 
    $(5,032,568)

    Total liabilities & shareholders’ deficit  
    $20,724,342  
    $13,027,915 

The
accompanying notes are an integral part of these condensed consolidated financial statements.

    (1)
    Common
    stock outstanding has been determined in accordance with the exchange ratio established as part of the reverse merger that was completed
    during July of 2024 (refer to Note 8)

    (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

 1

Rivulet
Entertainment, Inc.

Condensed
Consolidated Statements of Operations

(Unaudited)

    2025  
    2024(2)  
    2025  
    2024(2) 

    For the Three Months Ended March 31,  
    For the Nine Months Ended March 31, 

    2025  
    2024(2)  
    2025  
    2024(2) 
  
    Revenues  
    $-  
    $-  
    $10,000,000  
    $- 
  
    Production cost amortization  
     -  
     -  
     10,468,247  
     -