Company: PETVW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006783
Chunk: 37

Company: PetVivo Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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% - 95.7%
  
    Risk-free interest rate 
     1.47% - 4.35% 
     3.46% – 4.52%
  
    Expected dividend yield 
     0% 
     0%
  
    Fair value on the date of grant 
    $0.36 – $2.03  
    $1.20 - $2.75 

Our
stock option activity for the year ended March 31, 2024, and the nine months ending December 31, 2024 is as follows:

 SCHEDULE OF STOCK OPTION ACTIVITY

    Options Outstanding 
    Weighted- Average Exercise Price Per Share (1) 
    Weighted- Average Remaining Contractual Life 
    Aggregate Intrinsic Value (2)
  
    Balance at March 31, 2023 
     884,849  
    $2.19  
     6.3 years  
    $100,200 
  
    Granted 
     822,605  
     1.77  

    Cancelled 
     (198,332) 
     2.03  

    Balance at March 31, 2024 
     1,509,122  
     1.98  
     5.7 years  
    $-  
  
    Granted 
     122,000  
     0.80  

    Cancelled 
     (611,244) 
     2.06  

    Balance at December 31, 2024 
     1,019,878  
    $1.80  
     2.2 years  
    $-  

    Options exercisable at December 31, 2024 
     310,742  

    (1)
    The exercise price of each
    option granted during the period shown above was equal to the market price of the underlying stock on the date of grant.

    (2)
    The aggregate intrinsic
    value of stock options outstanding was based on our closing stock price on the last trading day of the period.

    25

Stock
options granted for the year ended March 31, 2024, and the nine months ended December 31, 2024 were to employees and directors. The fair
value of these options on the date of grant was $1,107,799 and $1,166,563 for the year ended