Each one in plain English, with the numbers worked through for a shareholder.
19 Feb 2026material agreement● NeutralMajor
On February 12, 2026 the company and Rivulet Media agreed to replace the $3,500,000 cash still owed under the March 2024 purchase agreement with 12,900,000 restricted common shares and 1,000,000 Series C Preferred shares. This continues the series of amendments to the deal. The company no longer has to pay that cash, but it will issue new shares, which dilutes existing shareholders. The filing does not give the terms of the Series C Preferred.
17 Feb 2026late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its quarterly report would be filed late.
13 Nov 2025late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its quarterly report would be filed late.
29 Sept 2025late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its annual report would be filed late.
26 June 2025asset acquisition disposition● NeutralMajor
This amendment says the Rivulet Media deal closed on July 7, 2024, when the company acquired certain wholly owned subsidiaries of Rivulet Media, Inc. for about $10 million (later cut to $6,450,000 by the May 19, 2025 amendment) and about 97 million shares. It resolves the open question of whether the deal had closed. The company has paid $2,950,000 so far and owes $3,500,000. The filing's stated purpose is to add Form 10 information, audited Rivulet Media financials for the years ended June 30, 2024 and 2023, and pro forma figures. It describes Rivulet Media's film, television and music production business.
3 June 2025financial restatement▼ BadMajor
On May 30, 2025 the board concluded that the financial statements in the Form 10-KT filed November 11, 2024 should no longer be relied on. It says the roughly $27 million equity pre-payment to Rivulet Media was wrongly recorded as an asset purchase deposit rather than an offset to equity. The correction will cut total assets and equity by about $27 million with no effect on the statement of operations, and the company plans to amend that filing.
20 May 2025material agreement● NeutralMajor
On May 19, 2025 the company and Rivulet Media amended the March 2024 purchase agreement to cut the cash portion of the price from $10,000,000 to $6,450,000. The closing conditions and default provisions were also eliminated, so the deal is no longer subject to those conditions. The reduced cash price lowers the amount still owed by the company (the earlier filing showed $10,069,000).
14 Jan 2025substantial holder notice● Neutral
Daniel Dean Crosser disclosed a new substantial Rivulet Entertainment, Inc. shareholding (11.72% of votes).
11 Dec 2024substantial holder notice● Neutral
Brooks Koepka Trust disclosed a new substantial Rivulet Entertainment, Inc. shareholding (5.51% of votes).
26 Nov 2024substantial holder notice● Neutral
Lawrence M. Silver disclosed a new substantial Rivulet Entertainment, Inc. shareholding (11.98% of votes).
15 Nov 2024late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its quarterly report would be filed late.
13 Nov 2024securities registration● Neutral
Rivulet Entertainment, Inc. filed notice of an exempt private placement.
15 Oct 2024material agreement● Neutral
On October 9, 2024 the company and Rivulet Media signed a third addendum to the March 2024 purchase agreement, removing Maughan Music, Inc. as a purchased asset and adding Storyland Animation LLC. It also clarifies that liabilities owed to Rivulet Media, Rivulet Films and trade accounts (other than those due to Nutcracker and Kicklight) are not being assumed by the company.
7 Oct 2024late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its annual report would be filed late.
26 Sept 2024material agreement▼ Bad
On September 23, 2024 the company, now named Rivulet Entertainment, Inc. (formerly Advanced Voice Recognition Systems), amended its March 2024 asset purchase agreement with Rivulet Media to add shares for Non Objecting Beneficial Owners. The share count rises by 1,698,209 to 96,722,950, with other terms unchanged, so the share issuance for the deal is larger than first stated.
17 May 2024auditor change● Neutral
The company dismissed auditor BF Borgers CPA PC on May 6, 2024 and engaged Astra Audit and Advisory, LLC on May 16, 2024, on the recommendation of its sole director. The filing gives no reason for the change; this replaces the firm engaged in 2013.
15 May 2024late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its quarterly report would be filed late.
3 May 2024business combination● Neutral
The company says it filed a notice on March 28, 2024 about merging with its wholly owned subsidiary, and on May 1, 2024 corrected the filing with Nevada and signed an amended merger plan. Under the corrected structure the subsidiary merges into the company, which survives and operates under the subsidiary's name; the filing says no shareholder approval is needed. The filing does not name the subsidiary, but this fits the later change to the Rivulet Entertainment name (inference).
7 Mar 2024capital raising announcement▼ BadMajor
On March 1, 2024 the company signed an Asset Purchase Agreement to buy certain assets of Rivulet Media, Inc. for 90,784,800 new shares plus $10,069,000 in cash, expected to close April 10, 2024 with no assurance. It also sold 7,500,000 shares at $0.40 for $3,000,000 to one investor, paid $2,600,000 of it to Rivulet, and states that Rivulet's shareholders will control 88.24% of the company. This is a sharp move away from the speech-recognition patent business described in the earlier context, and existing holders are heavily diluted.
What it means for a shareholder
7.5m new shares at $0.400 to raise about $3.0m. That's 58% dilution: every existing holder's slice gets 58% smaller. If you held $1,000 of shares (2,500 at the issue price), your slice goes from 0.0456% to 0.0193% of the company. To keep it you'd need 3,424 more shares - about $1,370 at the issue price.
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16 Nov 2023quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $95 thousand for the period ended 2023-09-30.
15 Nov 2023late filing notice▼ Bad
Rivulet Entertainment, Inc. notified the SEC that its quarterly report would be filed late.
16 Aug 2023quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $67 thousand for the period ended 2023-06-30.
14 Aug 2023quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $67 thousand for the period ended 2023-06-30.
15 May 2023quarterly activities report● Neutral
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and net income of $19 thousand for the period ended 2023-03-31.
24 Apr 2023capital raising announcement▼ BadMajor
On April 19-20, 2023 the company sold 262,579,731 shares at $0.001165 each for $305,682 to one investor, with the filing saying the funds paid all the company's debts; the President also sold that investor 17,000,000 of his own shares for $53,000. The filing states the investor now owns 52.89% and that this is a change of control. This is a very large dilution of existing holders, and it appears to settle the old note and legal-fee obligations in the context (inference; the filing does not itemise the debts).
14 Nov 2022quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $10 thousand for the period ended 2022-09-30.
11 Aug 2022quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $10 thousand for the period ended 2022-06-30.
10 May 2022quarterly activities report▼ Bad
Rivulet Entertainment, Inc. reported quarterly revenue of $0 and a net loss of $20 thousand for the period ended 2022-03-31.
1 Feb 2022capital raising announcement▼ Bad
On January 28, 2022 the company sold 333,334 shares at $0.015 each for $5,000 to one private investor (agreement dated January 26). New shares dilute existing holders, and no use of proceeds is stated.
What it means for a shareholder
333,334 new shares at $0.015 to raise about $5,000. That's 0.117% dilution: every existing holder's slice gets 0.117% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0234% to 0.0234% of the company. To keep it you'd need 78 more shares - about $1 at the issue price.
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18 Nov 2021capital raising announcement▼ Bad
On November 12, 2021 the company sold 1,000,000 shares at $0.015 each for $15,000 to one private investor, a higher price than the $0.012 paid a week earlier. New shares dilute existing holders, and no use of proceeds is stated.
What it means for a shareholder
1.0m new shares at $0.015 to raise about $15,000. That's 0.353% dilution: every existing holder's slice gets 0.353% smaller. If you held $1,000 of shares (66,667 at the issue price), your slice goes from 0.0236% to 0.0235% of the company. To keep it you'd need 236 more shares - about $4 at the issue price.
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