Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 332

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1B
Chunk 332
---
 in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows was $1,107,520 and $2,109,783
for the years ended March 31, 2025, and 2024, respectively, of which stock options was $485,109 and $1,102,522 for the years ended March
31, 2025 and 2024, respectively. At March 31, 2025, there was approximately $4,888 of total unrecognized stock option expense which is
expected to be recognized on a straight-line basis over a weighted-average period of 0.2 years.

The
fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. Annually, we make predictive
assumptions regarding future stock price volatility, dividend yield, expected term and forfeiture rate. The dividend yield assumption
is based on expected annual dividend yield on a grant date. To date, no dividends on common stock have been paid by us. Expected volatility
for grants is based on our average historical volatility over a similar period as the expected term assumption used for our options as
the expected volatility. The risk-free interest rate is based on yields of U.S. Treasury securities with maturities similar to the expected
term of the options for each option group. We use the “simplified method” to determine the expected term of the stock option
grants. We utilize this method because we do not have sufficient public company exercise data in which to make a reasonable estimate.

The
following table sets forth the assumptions used to estimate fair values of our stock options granted:

 SCHEDULE OF ESTIMATED FAIR VALUE ASSUMPTION

    Year
                                            Ended March
                                            31, 2025  
    Year
                                            Ended March
                                            31, 2024 
  
    Expected term 
     3
                                            years  
     6
                                            years 
  
    Expected volatility 
     135.6% 
     75.9
                                            – 95.7%
  
    Risk-free interest rate 
     4.07% 
     3.46%
                                            - 4.52%
  
    Expected dividend
    yield 
     -% 
     -%
  
    Weighted average estimated fair value of options during the year 
    $0.24  
    $1.20
                                       - $2.75 

Our
stock option activity for the years