Company: PETVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001493152-25-011967
Chunk: 18

Company: PetVivo Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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5  
    March
    31, 2025 
  
    Contract payable 
    $500,000  
    $500,000 
  
    Accrued payroll and related taxes 
     155,531  
     284,312 
  
    Accrued expenses 
     190,847  
     164,242 
  
    Total 
    $846,378  
    $948,554 

NOTE
8 – NOTES PAYABLE AND ACCRUED INTEREST

In
January 2020, the Company entered into a lease amendment for our corporate office facility whereby the lease term was extended through
November of 2026 in exchange for a loan of $42,500. The note payable accrues interest at a rate of 6% per annum. At June 30, 2025, and
March 31, 2025, the amount outstanding on the note was $11,287 and $13,244, respectively. At June 30, 2025, the Company classified $7,856
as a current liability and $3,431 in other liabilities. At March 31, 2025, the Company classified $7,802 as a current liability and $5,442
in other liabilities.

On
December 20, 2024, the Company entered into a promissory note for $100,000.
The note accrued interest at a rate of 12%
per annum. The entire unpaid principal balance, together with interest, shall be due and payable in full on or before the 20th
day of June 2025, with an amended maturity date
of December 31, 2025. On March 3, 2025, the Company entered into another promissory note for an additional $200,000
with the same terms. The entire unpaid principal balance, together
with interest, shall be due and payable in full on or before the 3rd
day of September 3, 2025. The Company paid back
the promissory notes plus accrued interest of $15,618
for a total of $315,618
on July 15, 2025.

    14

In
May and June 2025, the Company entered into three separate promissory notes totalling $12,000.
The notes accrued interest at a rate of 10%
per annum. The entire unpaid principal balance, together with interest, shall be due and