Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 111

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1
Chunk 111
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 executive officers. As of March 31, 2025, these agreements contain severance benefits ranging
from one month to six months if terminated without cause.

Legal
Proceedings

From time to time, the Company may be involved in legal proceedings arising in the ordinary course of business. As
of March 31, 2025, there were no pending or threatened legal actions that, in management’s opinion, are expected to have a material
adverse effect on the Company’s financial position, results of operations, or cash flows.

NOTE
13 - GOING CONCERN

The
accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the
United States of America, which contemplate continuation of the Company as a going concern.

The
Company incurred net losses of $8,399,166 for the year ended March 31, 2025, had net cash used in operating activities of $4,521,930 and has an accumulated deficit of $91,198,490 on March 31, 2025. These conditions raise substantial doubt about
the Company’s ability to continue as a going concern for a period of at least twelve months after the date of issuance of these
financial statements. In view of these matters, the Company’s ability to continue as a going concern is dependent upon the Company’s
ability to achieve a level of profitability and/or to obtain adequate financing through the issuance of debt or equity in order to finance
its operations.

Management
believes that the actions presently being taken to further implement its business plan will enable the Company to continue as a going
concern. While the Company believes in its ability to raise additional funds, there can be no assurances to that effect. The ability
of the Company to continue as a going concern is dependent upon the Company’s ability to further implement its business plan and
raise additional funds. An investor subscribed to a $5
million Series B Preferred stock offering whereby $600,000
has been received by March 31, 2025. The remaining $4.4
million was received in May and June 2025.

These
consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a
going concern.

NOTE
14 – STOCKHOLDERS’ EQUITY

Equity
Incentive Plan

On
July 10, 2020, our Board of Directors unanimously approved the PetVivo Holdings, Inc “2020 Equity In