Company: RIVF
Filing Date: 2025-09-10
Form Type: 10-Q
Source: 0001493152-25-013005
Chunk: 5

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-09-10
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 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

 3

Rivulet
Entertainment, Inc.

Condensed
Consolidated Statements of Cash Flows

(Unaudited)

    2024  
    2023(1) 

    For the Nine Months Ended March 31, 

    2025  
    2024(1) 
  
    Cash flows from operating activities: 

    Net loss 
    $(4,181,134) 
    $(120,402)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Amortization of film costs 
     10,468,247  
     - 
  
    Change in operating assets and liabilities: 

    Accounts receivable 
     (2,000,000) 
     150,018 
  
    Prepaid expenses 
     (144,534) 
     (26,757)
  
    Other current assets 
     (555,504) 
     - 
  
    Film costs 
     (14,293,162) 
     (8,691,674)
  
    Deposits 
     (1,172,562) 
     (737,950)
  
    Accounts payable 
     53,941  
     (26,016)
  
    Accrued expenses 
     2,663,500  
     379,590 
  
    Other current liabilities 
     (91,810) 
     3,422,945 
  
    Net cash flows used in operating activities 
     (9,253,018) 
     (5,650,246)

    Cash flows from investing activities: 

    Net cash flows provided by (used in) investing activities: 
     -  
     - 

    Cash flows from financing activities: 

    Proceeds from notes payable 
     19,287,501  
     11,469,197 
  
    Payments on notes payable 
     (10,035,571) 
     (5,821,159)
  
    Net cash flows provided by financing activities: 
     9,251,930  
     5,648,038