Company: PETVW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023398
Chunk: 68

Company: PetVivo Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 68
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OFF-BALANCE
SHEET ARRANGEMENTS

As
of September 30, 2025, and as of the date of this Quarterly Report, we do not have any off-balance sheet arrangements that have or are
reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses,
results of operations, liquidity, capital expenditures or capital resources that are material to investors.

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GOING
CONCERN

The
report of independent registered public accounting firm accompanying our September 30, 2025 financial statements contain an explanatory
paragraph expressing substantial doubt about our ability to continue as a going concern. The financial statements have been prepared
assuming that we will continue as a going concern, which contemplates that we will realize our assets and satisfy our liabilities and
commitments in the ordinary course of business. Our working capital at September 30, 2025, was $1,057,029. As a result of our private
placement offering with proceeds of $5,000,000 from the sale of Series B convertible preferred stock, we believe the proceeds from this
private placement offering are sufficient to fund operations until December 31, 2025 (see Liquidity and Capital Resources above).

We
have continued to realize losses from operations. We will need to raise additional capital in the future to support our efforts to
commercialize Spryng® and PrecisePRP™ products and our ongoing operations. We expect to continue to raise additional
capital through the sale of our securities from time to time for the foreseeable future to fund our business expansion. Our ability
to obtain such additional capital will likely be subject to various factors, including our overall business performance and market
conditions. There can be no guarantee that the Company will be successful in its ability to raise additional capital to fund its
business plan.

CRITICAL
ACCOUNTING POLICIES

We
prepare our consolidated financial statements in accordance with generally accepted accounting standards in the United States of America.
Our significant accounting policies are described in Note 1 to our condensed consolidated financial statements attached hereto. We believe
the following critical accounting policies involve the most significant judgments and estimates used in the preparation of the condensed
consolidated financial statements.

RECENTLY
ISSUED ACCOUNTING STANDARDS

The
Company has reviewed the FASB issued ASU accounting pronouncements and interpretations thereof that have effective dates during the
periods reported and in future periods. The Company has carefully considered