Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 463

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 8
Chunk 463
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 2) 
     -  
     - 

    SHAREHOLDERS’ DEFICIT 

    Common stock, par value of $0.001; 547,500,000 shares authorized; 109,695,876 and 96,722,950 issued and outstanding as of June 30, 2025 and June 30, 2024, respectively(1) 
    $109,696  
    $96,723 
  
    Additional paid-in capital 
     4,341,499  
     (96,723)
  
    Accumulated deficit 
     (10,952,468) 
     (5,032,568)
  
    Total shareholders’ deficit 
    $(6,501,273) 
    $(5,032,568)

    Total liabilities & shareholders’ deficit 
    $19,811,615  
    $13,027,915 

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

    (1)
    As
    of June 30, 2024, Common stock outstanding has been determined in accordance with the exchange ratio established as part of the reverse
    merger that was completed during July of 2024 (refer to Note 9)

    (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.

F-3

Rivulet
Entertainment, Inc.

Consolidated
Statements of Operations

    2025  
    2024(2) 

    For the Twelve Months Ended June 30, 

    2025  
    2024(2) 
  
    Revenues 
    $10,000,000  
    $60,000 
  
    Production cost amortization 
     10,468,345  
     - 
  
    Gross margin 
    $(468,345) 
    $60,000 

     . 
  
    Operating Expense 

    General and administrative 
    $3,562,474  
    $241,489 
  
    Total operating expenses 
    $3,562,474  
    $241,489 

    Net loss before other income (expense) 
    $(4,030,819) 
    $(181,489)

    Other (expense) income