Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 853

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 7
Chunk 853
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, INC.

INDEX
TO FINANCIAL STATEMENTS

Audited
Financial Statements for the Years Ended March 31, 2025 and 2024

    Report
    of Independent Registered Public Accounting Firm – Stephano Slack LLC PCAOB ID 03523
    F-2
  
    Report of Independent Registered Public Accounting Firm – Assurance Dimensions PCAOB ID 05036
    F-3
  
    Consolidated Balance Sheets, as of  March 31, 2025 and 2024
    F-4
  
    Consolidated Statements of Operations for the Years Ended March 31, 2025 and 2024
    F-5
  
    Consolidated Statements of Changes in Stockholders’ Equity for the Years Ended March 31, 2025 and 2024
    F-6
  
    Consolidated Statements of Cash Flows for the Years Ended March 31, 2025 and 2024
    F-7
  
    Notes to Consolidated Financial Statements
    F-8

F-1

Report of Independent Registered Public Accounting Firm

To the Board of Directors and

Stockholders of PetVivo Holdings, Inc.

Opinion on the Financial Statements

We have audited the accompanying consolidated balance sheet of Petvivo
Holdings, Inc. and its Subsidiaries (the Company) as of March 31, 2025, and the related consolidated statements of operations, stockholders’
equity, and cash flows for the year ended March 31, 2025, and the related consolidated notes (collectively referred to as the consolidated
financial statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position
of the Company as of March 31, 2025 and the results of its operations and its cash flows for year ended March 31, 2025, in conformity
with accounting principles generally accepted in the United States of America.

Substantial Doubt About its Ability to Continue
as a Going Concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 13 to the consolidated financial statements,
the Company has experienced negative cash flows from operations for the year ended March 31, 2025, which raises substantial doubt about
its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 13. The consolidated
financial statements do not include any adjustments that might result