Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 980

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 7A
Chunk 980
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247,819.

The
Company has issued shares of common stock to providers of consulting services which are reported in the Consolidated Statements of Stockholders’
Equity. The value of these shares is reported as a prepaid expense and are amortized to expense over the contractual life of the respective
consulting agreements. The amortization of stock issued for services as reported in the Consolidated Statements of Cash Flows was $229,380
and $442,559 for the years ended March 31, 2025 and 2024, respectively.

Time-Based
Restricted Stock Units

We
have granted time-based restricted stock units to certain participants under the Amended Plan that are stock-settled with common shares.
Time-based restricted stock units granted under the Amended Plan vest over three years. Total stock-based compensation expense included
in the Consolidated Statements of Operations and Consolidated Statements of Cash Flows was $1,107,520 and $2,109,783 for the years ended
March 31, 2025, and 2024, respectively, of which time-based restricted stock units was $319,619 and $667,668 for the years ended March
31, 2025, and 2024, respectively. At March 31, 2025, there was approximately $112,000 of total unrecognized pre-tax compensation expense
related to time-based restricted stock units that is expected to be recognized over a weighted-average period of .5 years.

Our
time-based restricted stock unit activity for the year ended March 31, 2025, was as follows:

 SCHEDULE OF TIME BASED RESTRICTED STOCK UNITS

    Units Outstanding  
    Weighted Average Grant Date Fair Value Per Unit  
    Aggregate Intrinsic Value (1) 
  
    Balance at March 31, 2024 
     32,000  
     4.08  
     32,000 
  
    Granted 
     611,250  
     0.66  
     - 
  
    Vested 
     (427,936) 
     0.89  
     - 
  
    Cancelled 
     (10,000) 
     3.04  
     - 
  
    Balance at March 31, 2025 
     205,314  
    $0.58  
    $123,188 

    1)
    The aggregate intrinsic
    value of restricted