Company: RIVF
Filing Date: 2025-06-09
Form Type: 10-KT/A
Source: 0001376474-25-000520
Chunk: 5

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-06-09
Form: 10-KT/A
Chunk 5
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2024, the Company had transferred approximately 67 million shares and made a payment of approximately $3,000,000, which have been recognized as an approximately $3 million asset purchase deposit on our balance sheet. The acquisition closed during July of 2024 and will be accounted for as a reverse acquisition due to the Rivulet Media shareholders obtaining control of the combined Company. During May of 2025, the asset purchase agreement was amended to reduce the cash portion of the purchase price from $10,000,000 to $6,450,000. 1 To obtain sufficient funds to meet our future needs for capital, we will from time to time, evaluate opportunities to raise financing through some combination of the private sale of equity, or issuance of convertible debt securities. However, future equity or debt financing may not be available to us at all, or if available, may not be on terms acceptable to us. We do not intend to pay dividends to shareholders in the foreseeable future. In order for our operations to continue, we will need to generate revenues from our intended operations sufficient to meet our anticipated cost structure. We may encounter difficulties in establishing these operations due to our inability to successfully prosecute any patent enforcement actions or our inability to effectively execute our business plan. Cash Flows The following tables summarize the results of our cash flows for the below respective periods:

|                                 |     | For the Six Months Ended June 30, 20241 |            |   |
|:--------------------------------|:----|:----------------------------------------|-----------:|:--|
| Net cash provided by (used in): |     |                                         |            |   |
| Operating activities            |     | $                                       |    (80,220 | ) |
| Investing activities            |     | $                                       | (2,949,499 | ) |
| Financing activities            |     | $                                       |  3,067,604 |   |
| Change in cash                  |     | $                                       |     37,885 |   |

1 Pursuant to exchange Act Rule 13a-10, the Company is not required to provide cash flow information for the six-month period ended June 30, 2023

| Net cash provided by (used in): |     | For the Fiscal Years  Ended 
 December 31,                
 2023                        |          |   |     | 2022 |         |   |
|:--------------------------------|:----|:----------------------------|---------:|:--|:----|:-----|--------:|:--