v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Dec. 31, 2024
Dec. 31, 2023
Jun. 30, 2024
Cash flows from operating activities:              
Net loss $ (3,023,231) [1] $ (603,364) [1] $ (16,152) [2] $ (95,004) [1] $ (3,626,595) $ (111,156) [2]  
Adjustments to reconcile net loss to net cash used in operating activities:              
Amortization of film costs 10,500,000     10,468,247 [3]  
Change in operating assets and liabilities:              
Accounts receivable         (6,572,000) 90,018 [3]  
Prepaid expenses         (294,597) (152,107) [3]  
Other current assets         (553,585) [3]  
Film costs         (13,825,103) (4,606,528) [3]  
Deposits         (853,842) (1,135,864) [3]  
Accounts payable         69,167 437,188 [3]  
Accrued expenses         3,409,364 81,166 [3]  
Other current liabilities         (91,810) 3,422,945 [3]  
Net cash flows used in operating activities         (11,870,754) (1,974,338) [3]  
Cash flows from investing activities:              
Net cash flows provided by (used in) investing activities:         [3]  
Cash flows from financing activities:              
Proceeds from notes payable         18,252,064 7,792,834 [3] $ 7,900,000
Payments on note payable         (6,000,571) (5,821,159) [3]  
Net cash flows provided by financing activities:         12,251,493 1,971,675 [3]  
Net change in cash         380,739 (2,663) [3]  
Cash, beginning of period   $ 101,721   $ 2,683 [3] 101,721 2,683 [3] 2,683 [3]
Cash, end of period $ 482,460   $ 20 [3]   482,460 20 [3] $ 101,721
Supplemental disclosure of cash flow information:              
Cash paid for interest         590,265 [3]  
Income taxes paid         [3]  
Supplemental disclosure of non-cash activity:              
Debt forgiveness related to reverse merger transaction (Note 8)         8,077,965 [3]  
Recapitalization         $ (3,639,743) [3]  
[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
[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] 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