Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 68

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 68
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 For
    the Six Months Ended December 31, 

    2024  
    2023 
  
    Net (loss) income 
    $(3,626,595) 
    $(111,156)
  
    Net cash flows provided by (used in) operating
    activities 
     (11,870,754) 
     (1,974,338)
  
    Net cash flows provided by (used in) investing
    activities: 
     -  
     - 
  
    Net cash flows provided by (used in) 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 

Operating
Activities

Net
cash used in operating activities was approximately $11.9 million for the six months ended December 31, 2024. Cash used in operating
activities resulted from a net loss for the six months ended December 31, 2024 of approximately $3.6 million, a decrease in cash
from changes in operating assets and liabilities of approximately $18.7 million and amortization of film costs of
approximately $10.5 million. Film cost amortization is a non-cash expense and is a reconciling item between net loss and cash flow
used in operations.

Net
cash used in operating activities was approximately $2.0 million for the six months ended December 31, 2023. Cash used in operating
activities resulted from net loss for the six months ended December 31, 2023 of approximately $0.1 million and a decrease in cash
from changes in operating assets and liabilities of approximately $1.9 million.

Investing
Activities

There
were no investing activities during either the six months ended December 31, 2024 or 2023.

Financing
Activities

Net
cash provided by financing activities was approximately $12.3 million for the six months ended December 31, 2024 and consisted of proceeds
from notes payable in the amount of approximately $18.3 million and payments on notes payable in the amount of approximately $6.0 million.

Net
cash provided by financing activities was approximately $2.0 million