Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 0

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Rivulet
Entertainment, Inc.

Condensed
Consolidated Balance Sheets

    December 31,  
    June 30, 

    2024  
    2024(2) 

    (unaudited)  

    ASSETS 

    CURRENT ASSETS 

    Cash 
    $482,460  
    $101,721 
  
    Accounts receivable 
     6,572,000  
     - 
  
    Prepaid expenses 
     341,641  
     47,044 
  
    Other
    current assets 
     553,585  
     - 
  
    Total current assets 
    $7,949,686  
    $148,765 

    NONCURRENT ASSETS 

    Film costs 
    $13,381,616  
    $10,024,760 
  
    Deposits 
     1,708,232  
     854,390 
  
    Equity
    investment 
     2,000,000  
     2,000,000 
  
    Total noncurrent assets 
    $17,089,848  
    $12,879,150 

    Total assets 
    $25,039,534  
    $13,027,915 

    LIABILITIES AND SHAREHOLDERS’
    DEFICIT 

    CURRENT LIABILITIES 

    Accounts payable 
    $274,416  
    $205,249 
  
    Accrued expenses 
     4,142,648  
     712,229 
  
    Notes payable, current 
     5,332,510  
     4,890,000 
  
    Other
    current liabilities 
     3,500,000  
     154,689 
  
    Total current liabilities 
    $13,249,574  
    $5,962,167 

    NONCURRENT LIABILITIES 

    Related party loans, non-current 
     2,880,000  
     10,768,316 
  
    Notes
    payable, non-current 
     13,117,928  
     1,330,000 
  
    Total noncurrent liabilities 
    $15,997,928  
    $12,098,316 

    Total liabilities 
    $29,247,502