Company: PETVW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006783
Chunk: 45

Company: PetVivo Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 45
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The
following discussion should be read in conjunction with our 2024 10-K Report and the consolidated financial statements and related notes
in Item 1, Financial Statements appearing elsewhere in this Quarterly Report on Form 10-Q (“10-Q Report”). The
following discussion may contain forward-looking statements, and our actual results may differ materially from the results suggested
by these forward-looking statements. Factors that might cause such differences include, but are not limited to, those discussed in Part
I, Item 1A of our 2024 10-K Report under the heading “Risk Factors,” as updated and supplemented by risks described in other
SEC filings. The Company assumes no obligation to revise or update any forward-looking statements for any reason, except as required
by law.

We
are a smaller reporting company and have incurred substantial losses in connection with our operations. We will need substantial capital
to pursue our current plans to commercialize our initial product, Spryng™.

RESULTS
OF OPERATIONS

    For the Three Months Ended 
December 31, 
    For the Nine Months Ended 
December 31,

    2024 
    2023 
    2024 
    2023

    Revenues 
    $583,313  
    $595,891  
    $907,783  
    $920,440 

    Cost of Sales 
     61,497  
     62,569  
     95,653  
     96,646 

    Operating Expenses 
     2,280,221  
     2,666,946  
     6,788,008  
     8,795,338 

    Other (Expense) Income 
     1,367  
     383,776  
     (3,716) 
     (333,034)

    Net Loss 
    $(1,757,038) 
    $(1,749,848) 
    $(5,979,594) 
    $(8,304,578)

    Net loss per share - basic and diluted 
    $(0.09) 
    $(0.12) 
    $(0.30) 
    $(0.64)

For
The Three Months Ended December 31, 2024, Compared to The Three Months Ended December 31, 2023

Total
Revenues. Revenues were $583,313 and $595,891 for the three months