Company: PETVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001493152-25-011967
Chunk: 19

Company: PetVivo Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
---
 payable in full on or before the earlier of
the 31st day of December 2025 or the date of receipt of the remaining balance of the $5 million Series B Subscription is received in
an amount of $4,200,000. The Company paid back the three promissory notes plus accrued interest of $293
for a total of $12,293
on July 14, 2025.

The
total non-convertible notes payables, including accrued interest, as of June 30, 2025 totals $337,492
consisting of $334,061
current portion with the long-term portion in other liabilities of $3,431,
and as of March 31, 2025 totals $318,307
consisting of $312,865
current portion with the long-term portion in other liabilities of $5,442.

Future
annual payments associated with these notes are as follows: $334,061
in fiscal 2026, $3,431
in fiscal 2027. None of the promissory notes listed above have
any collateral attached to them.

Interest
expense for the three months ended June 30, 2025 and 2024 is $9,275 and $0, respectively.

NOTE
9 – CONVERTIBLE NOTES PAYABLE and ACCRUED INTEREST

On
September 9, 2024, the Company entered into a convertible promissory note for $150,000.
The note accrued interest at a rate of 10%
per annum. The original maturity date was November
9, 2024, whereby an amendment extended the maturity date to December 31, 2025. The holder of the note has the option to
convert the principal and accrued interest at a conversion price of the lessor of i) the per Share price at which the Company sells
Shares of the Company Common Stock in a Qualified Financing occurring on or before the Maturity Date of this Note, or ii) Fifty
Cents ($0.50)
per Share (“Conversion Price”); each Share consists of one (1) share of PetVivo Holdings, Inc. restricted common stock
(“Common Stock”). On September 27, 2024, the Company entered into another promissory note for an additional $350,000
with the same terms. The original maturity date for this $350,000
note was November 24, 2024, whereby an amendment extended the maturity date to December