Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 301

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 5
Chunk 301
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-  
     3,370,411 
  
    Net cash flows provided by financing activities: 
     11,002,568  
     9,555,411 

    Net change in cash 
     26,368  
     99,038 
  
    Cash, beginning of period 
     101,721  
     2,683 
  
    Cash, end of period 
    $128,089  
    $101,721 

    Supplemental disclosure of cash flow information: 

    Cash paid for interest 
    $799,475  
    $- 
  
    Income taxes paid 
    $-  
    $- 

    Supplemental disclosure of non-cash activity: 

    Debt forgiveness related to reverse merger transaction (Note 8) 
    $8,077,965  
    $- 
  
    Recapitalization 
    $(3,626,770) 
    $- 

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

    (1)
    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-6

Rivulet
Entertainment, Inc.

Notes
to Consolidated Financial Statements

For
The Twelve Months Ended June 30, 2025 and 2024

NOTE
1 – NATURE OF THE ORGANIZATION AND BUSINESS

On
July 7, 2024 (the “Closing Date”), Rivulet Entertainment, Inc. (“The Company” or “Rivulet”) completed
its acquisition of certain wholly owned subsidiaries of Rivulet Media, Inc. In consideration for the acquisition of the entities, the
Company agreed to transfer approximately $10 million and 97 million shares to the current owners of Rivulet Media, Inc. On May 19, 2025
the agreement was amended to reduce the cash portion of the purchase price from $10,000,000 to $6,450,000. Furthermore, the conditions
subject to closing and the default provisions were eliminated. As of the date of this filing, the Company has transferred $2,950,000
to the former owners of Rivulet Media, Inc. and had an outstanding balance of $3,500,000, which was classified as other current liabilities
on the Company’s consolidated balance sheets as of June