Company: RIVF
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0001376474-25-000660
Chunk: 31

Company: Rivulet Entertainment, Inc.
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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 a net loss of $603,364, negative working capital of $9.7 million, stockholders' deficit of $1.2 million and cash flow used in operations of $1.0 million for the interim period ended September 30, 2024. As such, the Company concluded that there is substantial about its ability to continue as a going concern. The Company hopes to mitigate the conditions or events that raise substantial doubt about its ability to continue as a going concern through its future sales of movie rights and future capital raises.

Cash Flows

16

The following tables summarize the results of our cash flows for the below respective periods: 

For the Three Months Ended September 30,

2024
 
2023

Net loss
 
$
(603,364)  
 
$
(95,004)  

Net cash flows used in operating activities:

(963,736)  

(62,935)  

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

-   

-   

Net cash flows provided by financing activities:

941,064   

60,295   

Net change in cash

(22,672)  

(2,640)  

Cash, beginning of period

101,721   

2,683   

Cash, end of period
 
$
79,049   
 
$
43   

Operating Activities

Net cash used in operating activities was ($963,736) for the three months ended September 30, 2024. Cash used in operating activities resulted from a net loss for the three months ended September 30, 2024 of ($603,364) and changes in operating assets and liabilities of ($360,372).

Net cash used in operating activities was ($62,935) for the three months ended September 30, 2023. Cash used in operating activities resulted from net loss for the three months ended September 30, 2023 of ($95,004) and changes in operating assets and liabilities of $32,069.

Investing Activities

There were no investing activities for the three months ended September 30, 2024 and 2023.

Financing Activities

Net cash provided by financing activities was $941,064 for the three months ended September 30, 2024 and consisted of proceeds from notes payable.

Net cash provided by financing activities was $60,295 for the three months ended September 30, 2023 and consisted of proceeds from notes payable.

Results of Operations

Our financial