Company: PETVW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023398
Chunk: 26

Company: PetVivo Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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219 was fully amortized.
Interest expense related to the amortization of the debt discounts associated with warrants was $107,034 and
$0 for
the three months ended September 30, 2025 and 2024, respectively. Interest expense related to the amortization of the debt discounts
associated with warrants was $117,280 and
$0 for
the six months ended September 30, 2025 and 2024, respectively.

     17 

Fair
Value Allocation of Proceeds from Convertible Notes

When
convertible notes are issued with warrants, and no derivative liability is present, the proceeds are allocated between the debt and the
warrants based on their relative fair values at issuance. When convertible notes are issued with both detachable warrants and embedded
derivative liabilities, the proceeds are allocated using a sequential approach: first to the derivative liability at fair value, then
to the warrants at fair value, and the residual amount to the debt host. For convertible notes that include only an embedded derivative
liability and no warrants, the proceeds are allocated first to the derivative liability at fair value, with the residual amount allocated
to the debt host.

NOTE
10 – RETIREMENT PLAN

In
February 2021, the Company established a 401(k)-retirement plan for its employees in which eligible employees can contribute a percentage
of their compensation. The Company may also make discretionary contributions. For the three months ended September 30, 2025, and 2024,
the Company made contributions to the plan of $17,796 and $12,773, respectively. For the six months ended September 30, 2025, and 2024,
the Company made contributions to the plan of $33,675 and $25,463, respectively.

NOTE
11 – COMMITMENTS AND CONTINGENCIES

The
Company accounts for contingencies in accordance with ASC 450, Contingencies. A liability is recorded when it is probable that a loss
has been incurred and the amount can be reasonably estimated. If a loss is reasonable possible but not probable, or if the amount cannot
be estimated, the nature of the contingency and an estimate of the possible loss, if determinable, is disclosed. Remote contingencies
are generally not disclosed unless related to guarantee.

Lease
Obligations

The
Company leases property and equipment under operating leases, typically with terms greater than 12 months, and determine if an arrangement
contains a lease at inception.