Rivulet Entertainment SEC Filings

Rivulet Entertainment (RIVF) filed its annual report for the year ended June 30, 2025. The company completed a reverse merger on July 7, 2024, acquiring certain subsidiaries of Rivulet Media, Inc. for 97 million shares and cash amended to $6.45 million; $2.95 million has been paid with $3.5 million recorded in other current liabilities. The auditor highlighted “substantial doubt” about the company’s ability to continue as a going concern.

Revenue was $10.0 million, driven by a single film sale, while film cost amortization was $10.468 million, producing a negative gross margin. General and administrative expense was $3.562 million; other expense totaled $1.889 million, including a $1.0 million impairment on an equity investment and $0.891 million of interest. Net loss was $5.920 million. Cash was $128,089 with negative working capital of about $23.4 million. Current liabilities included notes payable of $17.215 million and related party loans of $2.88 million. The company entered a $3.5 million credit facility at ~6.5% and disclosed $353,000 of notes in default bearing 20%–25% rates. Common shares outstanding were 109,695,876 as of October 13, 2025.