Company: PETVW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023398
Chunk: 22

Company: PetVivo Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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30, 2025, and 2024, respectively.

     14 

NOTE
7 – ACCRUED EXPENSES

The
components of accrued expenses were as follows:

SCHEDULE OF COMPONENTS OF ACCRUED EXPENSES 

    September 30, 2025  
    March 31, 2025 
  
    Contract payable 
    $375,000  
    $500,000 
  
    Accrued payroll and related taxes 
     40,788  
     284,312 
  
    Accrued expenses 
     202,948  
     164,242 
  
    Total 
    $618,736  
    $948,554 

NOTE
8 – NOTES PAYABLE AND ACCRUED INTEREST

In
January 2020, the Company entered into a lease amendment for our corporate office facility whereby the lease term was extended through
November of 2026 in exchange for a loan of $42,500.
The note payable accrues interest at a rate of 6%
per annum. The Company paid off the loan in its entirety in September 2025. At September 30, 2025, and March 31, 2025, the amount outstanding
on the note was $0
and $13,244,
respectively. At March 31, 2025, the Company classified $7,802 as a current liability and $5,442 in other liabilities.

On
December 20, 2024, the Company entered into a promissory note for $100,000.
The note accrued interest at a rate of 12%
per annum. The entire unpaid principal balance, together with interest, shall be due and payable in full on or before the 20th
day of June 2025, with an amended maturity date
of December
31, 2025. On March 3, 2025, the Company entered
into another promissory note for an additional $200,000
with the same terms. The entire unpaid principal balance, together
with interest, shall be due and payable in full on or before the 3rd
day of September 3, 2025. On July 15,
2025, the Company repaid in full $315,618 of the promissory note plus accrued interest of $15,618.

In
May and June 2025, the Company entered into three separate promissory notes