RELATED PARTY TRANSACTIONS

3 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 7 – RELATED PARTY TRANSACTIONS

Rivulet Media, Inc. 

As part of the merger transaction, the transferred entities had $7,888,316 of intercompany loans with Rivulet Media, Inc. as of June 30, 2024. The intercompany loans did not include a stated interest rate or due date. Further, as a result of the transaction, the loans were forgiven by Rivulet Media, Inc. as of the merger consummation date. Upon settlement of the transaction an additional $189,649 of liabilities were forgiven, resulting in total liability forgiveness of $8,077,965. The debt forgiveness was recognized as an increase to additional paid in capital.

Beneficial Owner

During the year ended June 30, 2024, the Company entered into a $2,880,000 note payable agreement with a certain beneficial owner of Rivulet Media, Inc. The notes are due on February 1, 2026 and have a stated interest rate of 15%. The balance of the loan was $2,880,000 as of September 30, 2025 and June 30, 2025.

Advances

During the year ended June 30, 2025, the Company advanced funds to a producer at Rivulet Entertainment, Inc. in the amount of $307,000 which is included in other current assets on the condensed consolidated balance sheets. The advance bears no interest and has no stated maturity date, which is not necessarily indicative of terms a third-party would contractually enter into. The outstanding balance of the advance was $307,000 as of September 30, 2025 and June 30, 2025.