Company: PETVW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006783
Chunk: 20

Company: PetVivo Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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ated Balance Sheets, Consolidated Statements of Changes in Stockholders’ Equity or Consolidated Statements
of Cash Flows.

    15

NOTE
3 – INVENTORY

As
of December 31, 2024, and March 31, 2024, the Company had inventory of $353,307 and $390,076, respectively.

The
inventory components are as follows:

 SCHEDULE
OF INVENTORY

    December 31, 2024 
    March 31, 2024
  
    Finished Goods 
    $11,950  
    $35,442 
  
    Work in process 
     53,935  
     20,289 
  
    Raw materials 
     287,422  
     334,345 
  
    Total Net 
    $353,307  
    $390,076 

NOTE
4 – PREPAID EXPENSES AND OTHER CURRENT ASSETS

As
of December 31, 2024, the Company had $351,510 in prepaid expenses and other current assets consisting primarily of $194,000 in insurance
costs, $49,000 in investor relations, $25,000 in Nasdaq and FINRA fees, $21,000 in trade shows and $15,000 in clinical studies.

As
of March 31, 2024, the Company had $545,512 in prepaid expenses and other current assets consisting primarily of $217,000 in investor
relations services, $138,000 in insurance costs, $67,000 in Nasdaq and FINRA fees, $26,000 in consulting, and $44,000 in tradeshows.

NOTE
5 – PROPERTY AND EQUIPMENT

The
components of property and equipment were as follows:

SCHEDULE
OF PROPERTY AND EQUIPMENT 

    December 31, 2024 
    March 31, 2024
  
    Leasehold improvements 
    $418,041  
    $418,041 
  
    Production equipment 
     695,437  
     661,204 
  
    R&D equipment 
     25,184  
     25,184 
  
    Computer equipment and furniture 
     152,813  
     144,817 
  
    Total, at cost 
     1,291,475  
     1,249,246 
  
    Accumulated depreciation 
     (521,208) 
     (427,590)