Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 781

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 6
Chunk 781
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 the Company’s financial
instruments, such as cash, accounts receivable, accounts payable and other liabilities. approximates their fair value as of March 31,
2025, and March 31, 2024, due to the short-term nature of these items.

The fair value of the Company’s debt approximates its carrying value as of March 31, 2025 and 2024. Factors
that the Company considered when estimating the fair value of its debt included market conditions, liquidity levels in the private placement
market, variability in pricing from multiple lenders and terms of debt.

(O)
Stock-Based Compensation

The Company accounts for stock-based compensation under the provisions of FASB ASC 718, Compensation—Stock
Compensation, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees
and directors based on estimated fair values on the grant date. The Company estimates the fair value of stock-based awards on the date
of grant using the Black-Scholes model. The value of the portion of the award that is ultimately expected to vest is recognized as expense
over the requisite service periods using the straight-line method. In accordance with ASU No. 2018-07, Compensation –
Stock Compensation (Topic 718), Improvements to Nonemployee Share-Based Payment Accounting share-based payment transactions for
acquiring goods and services from nonemployees are included. Consistent with the accounting requirement for employee share-based payment
awards, nonemployee share-based payment awards within the scope of Topic 718 are measured at grant-date fair value of the equity instruments
that an entity is obligated to issue when the good has been delivered or the service has been rendered and any other conditions necessary
to earn the right to benefit from the instruments have been satisfied.

    F-11

(P)
Income Taxes

The
Company accounts for income taxes under FASB ASC 740. Deferred tax assets and liabilities are determined based upon differences
between financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will
be in effect when the differences are expected to reverse. A valuation allowance is provided when it is more likely than not that
some portion or all of a deferred tax asset will not be realized. As required by FASB ASC 450, the Company recognizes the financial
statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the
position following an audit. For tax