Company: RIVF
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001376474-25-000660
Chunk: 11

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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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

2

Rivulet Entertainment, Inc.

Condensed Consolidated Statements of Changes in Shareholders’ Deficit

For the Three Months Ended September 30, 2024 and 2023

(Unaudited)

Common Stock(1)
 
Additional
 
Shareholders'

Shares
 
Amount(2)
 
Paid-in 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
-   
 
-   
 
-   
 
(95,004)  
 
(95,004)  

Balance, September 30, 2023
96,722,950   
 
$      96,723   
 
$     (96,723)  
 
$ (4,946,083)  
 
$ (4,946,083)  

Balance, June 30, 2024
96,722,950   
 
$      96,723   
 
$     (96,723)  
 
$ (5,032,568)  
 
$ (5,032,568)  

Recapitalization
12,972,926   
 
12,973   
 
(3,639,743)  
 
-   
 
(3,626,770)  

Related Party Debt Forgiveness
-   
 
-   
 
8,077,965   
 
-   
 
8,077,965   

Net loss
-   
 
-   
 
-   
 
(603,364)  
 
(603,364)  

Balance, September 30, 2024
109,695,876   
 
$    109,696   
 
$  4,341,499   
 
$ (5,635,932)  
 
$ (1,184,737)  

See accompanying notes to the unaud