Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 444

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 3
Chunk 444
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4 
  
    Revenues 
    $1,132,533  
    $968,706 
  
    Total Cost of Sales 
     137,677  
     101,823 
  
    Total Operating Expenses 
     9,050,575  
     11,488,223 
  
    Total Other Income (Expense) 
     (343,446) 
     (335,955)
  
    Net Loss 
     (8,399,166) 
     (10,955,295)
  
    Net loss per share - basic and diluted 
    $(.41) 
    $(.78)

For
The Fiscal Year Ended March 31, 2025 (“fiscal 2025”) Compared to The Year Ended March 31, 2024 (“fiscal 2024”)

Total
Revenues. Revenues were $1,132,533 in fiscal 2025 compared to $968,706 for fiscal 2024. Revenues in fiscal 2025 consisted of
sales of our Spryng® product to our Distributors of $956,159 and to veterinary clinics in the amount of $176,374. In fiscal 2024
consisted of sales of our Spryng® product to our Distributors of $731,813 and to veterinary clinics in the amount of $236,893. The
increase in our revenues in the twelve months ended March 31, 2025, is due to sales to our Distributors pursuant to our distribution
partnerships with Vedco and Clipper Distributing and sales of PrecisePRP product pursuant to our Exclusive License Agreement with VetStem.

28

Total
Cost of Sales. Cost of sales was $137,677 in fiscal 2025 compared to $101,823 for fiscal 2024. Cost of sales includes product
costs related to the sale of our Spryng® products, labor and certain overhead costs and direct costs of Precise PRP product pursuant
to our Exclusive License Agreement with VetStem. The Company has historically prepared a manufacturing allocation on a quarterly basis
based on certain manufacturing expenses as part of cost of sales.

Operating
Expenses. Operating expenses decreased to $9,050,575 in fiscal 2025 compared to $11,488,223 in fiscal 2024. Operating expenses
consisted of general and administrative, sales and marketing, and research and development expenses. The decrease is primarily due to
de