Company: PETVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001493152-25-011967
Chunk: 43

Company: PetVivo Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 of $334,061. We also are
obligated on convertible notes and accrued interest of $1,129,222, net of debt discount of $790,631.

OFF-BALANCE
SHEET ARRANGEMENTS

As
of June 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.

GOING
CONCERN

The
report of independent registered public accounting firm accompanying our June 30, 2025 financial statements contains 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 June 30, 2025, was $1,283,426. 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 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 AS