Company: RIVF
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024216
Chunk: 2

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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    Operating Expense 

    General and administrative 
    $2,251,199  
    $8,392  
    $2,747,777  
    $111,156 
  
    Total operating expenses 
    $2,251,199  
    $8,392  
    $2,747,777  
    $111,156 

    Net loss before other (expense) income 
    $(2,719,446) 
    $(8,392) 
    $(3,216,024) 
    $(111,156)

    Other (expense) income 

    Other income (expense) 
    $1,849  
    $(7,760) 
    $1,976  
    $- 
  
    Interest expense 
     (305,634) 
     -  
     (412,547) 
     - 
  
    Other (expense) income 
    $(303,785) 
    $(7,760) 
    $(410,571) 
    $- 

    Net loss before income taxes 
    $(3,023,231) 
    $(16,152) 
    $(3,626,595) 
    $(111,156)
  
    Income tax expense 
     -  
     -  
     -  
     - 
  
    Net loss 
    $(3,023,231) 
    $(16,152) 
    $(3,626,595) 
    $(111,156)

    Basic and diluted loss per share 
    $(0.03) 
    $0.00  
    $(0.03) 
    $0.00 

    Basic and diluted weighted average shares outstanding(1) 
     109,695,876  
     96,722,950  
     109,205,009  
     96,722,950 

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

(1)Basic and diluted
share information has been determined using the exchange ratio established as part of the reverse merger that was completed during July
of 2024 (refer to Note 8)

(2)Financial information
for the comparative period reflects the combination of certain former Rivulet Media, inc. entities under common control that were transferred
as part of the reverse merger transaction

2

Rivulet
Entertainment, Inc