Company: PETVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001493152-25-011967
Chunk: 56

Company: PetVivo Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 56
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 additional capital in the future to support
our efforts to commercialize Spryng® and our ongoing operations. We expect to continue to raise additional capital through
the sale of our securities from time to time for the foreseeable future to fund our business expansion. Our ability to obtain such additional
capital will likely be subject to various factors, including our overall business performance and market conditions. There can be no
guarantee that the Company will be successful in its ability to raise additional capital to fund its business plan.

Net
Cash Used in Operating Activities – We used $1,633,755 of net cash in operating activities for the three months ended June
30, 2025. This cash used in operating activities was primarily attributable to our net loss of $2,311,037 and the extinguishment of derivative
liability of $768,493, and an unrealized loss on change in fair value of derivatives
of $320,404.

Net
Cash Used in Investing Activities – During the three months ended June 30, 2025, net cash used in investing activities was $0.

Net
Cash Provided by Financing Activities – During the three months ended June 30, 2025, net cash provided by financing activities of $4,709,910 consisted
of proceeds of Series B preferred stock receivable of $4,400,000, proceeds from the issuance of convertible debentures of $160,000 and
proceeds from the exercise of a warrant of $140,000.

28

MATERIAL
COMMITMENTS

Notes
Payable

As
of June 30, 2025, we are obligated on non-convertible notes and accrued interest of $334,061. We also are
obligated on convertible notes and accrued interest of $1,129,222, net of debt discount of $790,631.

OFF-BALANCE
SHEET ARRANGEMENTS

As
of June 30, 2025, and as of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are reasonably
likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of
operations, liquidity, capital expenditures or capital resources that are material to investors.

GOING
CONCERN

The
report of independent registered public accounting firm accompanying our June 30, 2025 financial statements contains an explanatory paragraph
expressing substantial doubt about our ability to continue as