Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 70

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1A
Chunk 70
---
of Consolidation

The
Company evaluates the need to consolidate other entities based on the guidance set forth in ASC 810, Consolidation (“ASC
810”). To that extent, the Company will consolidate entities in which it has a controlling financial interest based on the guidance
in the ASC topic. As of June 30, 2025, Rivulet Entertainment, Inc. consolidated included the following wholly owned subsidiaries:

 SCHEDULE OF WHOLLY OWNED SUBSIDIARIES

    Entity
    Name
     
    Year
    of Incorporation
     
    Percentage
    Ownership
  
    Nutcracker,
    LLC
     
    2023
     
    100%
  
    Kicklight,
    LLC
     
    2023
     
    100%
  
    Good
    News, LLC
     
    2021
     
    100%
  
    Please
    Baby Please LLC
     
    2020
     
    100%
  
    Mistress
    Movie, LLC
     
    2020
     
    100%
  
    LAC2
    Productions, LLC
     
    2022
     
    100%
  
    Acolyte
    Productions, LLC
     
    2022
     
    100%
  
    Storyland
    Productions, LLC
     
    2021
     
    100%
  
    Da
    Vinci, LLC
     
    2023
     
    100%
  
    Garden,
    LLC
     
    2023
     
    100%
  
    Storyland
    Animation, LLC
     
    2021
     
    100%
  
    Rivulet
    Media Ventures, LLC
     
    2023
     
    100%
  
    The
    Dink Productions, LLC
     
    2024
     
    100%

Going
Concern

The
Company had cash of $128,089 as
of June 30, 2025, negative working capital of $23.4 million and accumulated deficit of $11.0
million. Further, during the twelve months ended
June 30, 2025, the Company incurred a net loss of $5.9
million and cash flow used in operations of $11.0
million for the twelve months ended June 30,