Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 416

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 2
Chunk 416
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 OPERATING LEASE LIABILITY

    2026 
    $169,000 
  
    2027 
     164,000 
  
    2028 
     112,000 
  
    2029 
     114,000 
  
    2030 
     117,000 
  
    Thereafter 
     402,000 
  
    Total 
     1,078,000 
  
    Less: amount representing interest 
     (116,000)
  
    Total 
    $962,000 

During
the year ended March 31, 2024, in compliance with ASC 842, the Company recognized, based on the
extended lease terms to November 2026, March 2027, and June 2033,
and treasury rates of 0.40%, 7.6%
and 4.39%,
respectively, operating lease right-of-use assets of approximately $962,000 and
a corresponding operating lease liabilities. As of March 31, 2025, the present value of future base rent lease payments based on the
weighted average remaining lease terms of 4.2 years and weighted average discount rate of approximately 3.94%,
is as follows:

 SCHEDULE OF BASE RENT LEASE PAYMENTS

    Present value of future base rent lease payments 
    $961,539 
  
    Base rent payments included in prepaid expenses 
     - 
  
    Present value of future base rent lease payments – net 
    $961,539 

As
of March 31, 2025 and 2024, the present value of future base rent lease payments – net is classified between current and non-current
assets and liabilities as follows:

  SCHEDULE OF LEASE CURRENT AND NON-CURRENT ASSETS AND LIABILITIES

    2025
      
     2024 
  
    Operating lease right-of-use asset
     
    $
    961,539
      
    $1,194,348 
  
    Total operating lease assets

    961,539
      
     1,194,348 

    Operating lease current liability

    163,834
      
     190,589 
  
    Operating lease non-current liability

    797,705
      
     1,003,759 
  
    Total operating lease liabilities
     
    $
    961,539