Company: RIVF
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001493152-25-018109
Chunk: 303

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 5
Chunk 303
---
 business. The Company believes that its strategic focus on content
and creation of innovative content distribution strategies will enhance its competitive position in the industry, ensure optimal use
of the Company’s capital, build diversified foundation for future growth, and generate significant long-term value for the Company’s
shareholders.

    F-7

NOTE
2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis
of Presentation

These
accompanying consolidated financial statements have been presented in United States dollars (“$” or “USD”) and
are prepared in accordance with United States generally accepted accounting principles (“US GAAP”) for financial information
and with Article 8 of Regulation S-X. In addition, as a film production company, the Company also complies with the incremental guidance
in Accounting Standards Codification (“ASC”) 926, Entertainment-Films. All comparative period financial information
reflects the combined results of the former Rivulet Media, Inc. entities under common control that were transferred as part of the transaction.

Principles
of Consolidation

The
Company evaluates the need to consolidate other entities based on the guidance set forth in ASC 810, Consolidation (“ASC
810”). To that extent, the Company will consolidate entities in which it has a controlling financial interest based on the guidance
in the ASC topic. As of June 30, 2025, Rivulet Entertainment, Inc. consolidated included the following wholly owned subsidiaries:

 SCHEDULE OF WHOLLY OWNED SUBSIDIARIES

    Entity
    Name
     
    Year
    of Incorporation
     
    Percentage
    Ownership
  
    Nutcracker,
    LLC
     
    2023
     
    100%
  
    Kicklight,
    LLC
     
    2023
     
    100%
  
    Good
    News, LLC
     
    2021
     
    100%
  
    Please
    Baby Please LLC
     
    2020
     
    100%
  
    Mistress
    Movie, LLC
     
    2020
     
    100%
  
    LAC2
    Productions, LLC
     
    2022
     
    100%
  
    Acolyte
    Productions, LLC
     
    2022
     
    100%
  
    Storyland
    Productions, LLC
     
    2021
     
    100%