Company: PETVW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023398
Chunk: 30

Company: PetVivo Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 liability 
     63,715 
  
    Operating lease other liability 
     22,603 
  
    Total operating lease liabilities 
    $86,318 

Employment
Agreements

The
Company has employment agreements with its executive officers. As of September 30, 2025, these agreements contain severance benefits
ranging from one month to six months if terminated without cause.

NOTE
12 – GOING CONCERN

The
accompanying 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 a net loss $5,318,846
for the six months ended September 30, 2025, had net cash used
in operating activities of $3,828,209
for the same period, and has an accumulated deficit of $96,670,939
on September 30, 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.

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

NOTE
13 – STOCKHOLDERS’ EQUITY

Equity
Incentive Plan

On
July 10, 2020, our Board of Directors unanimously approved the PetVivo Holdings, Inc. 2020 Equity Incentive Plan (the “2020 Plan”),
which authorized the issuance of up to 1,000,000 shares of our common stock as awards under the 2020 Plan, subject to approval by our
stockholders at the Annual Meeting of Stockholders held on September 22, 2020, when it was approved by our stockholders