Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 5

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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,018 
  
    Prepaid expenses 
     (294,597) 
     (152,107)
  
    Other current assets 
     (553,585) 
     - 
  
    Film costs 
     (13,825,103) 
     (4,606,528)
  
    Deposits 
     (853,842) 
     (1,135,864)
  
    Accounts payable 
     69,167  
     437,188 
  
    Accrued expenses 
     3,409,364  
     81,166 
  
    Other current liabilities 
     (91,810) 
     3,422,945 
  
    Net
    cash flows used in operating activities 
     (11,870,754) 
     (1,974,338)

    Cash
    flows from investing activities: 

    Net
    cash flows provided by (used in) investing activities: 
     -  
     - 

    Cash flows from financing
    activities: 

    Proceeds from notes payable 
     18,252,064  
     7,792,834 
  
    Payments on note payable 
     (6,000,571) 
     (5,821,159)
  
    Net
    cash flows provided by financing activities: 
     12,251,493  
     1,971,675 

    Net change in cash 
     380,739  
     (2,663)
  
    Cash, beginning of period 
     101,721  
     2,683 
  
    Cash, end of period 
    $482,460  
    $20 

    Supplemental disclosure
    of cash flow information: 

    Cash paid for interest 
    $590,265  
    $- 
  
    Income taxes paid 
    $-  
    $- 

    Supplemental disclosure
    of non-cash activity: 

    Debt forgiveness related to reverse merger
    transaction (Note 8) 
    $8,077,965  
    $- 
  
    Recapitalization 
    $(3,639,743) 
    $- 

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

(1)Financial information
for the comparative period reflects the combination of certain former