Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 254

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 1B
Chunk 254
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 expenditure requirements for at least the next three months. We will need to
raise additional capital in the future to support our efforts to commercialize Spryng® and our ongoing operations. We expect to continue
to raise additional capital through the sale of our securities from time to time for the foreseeable future to fund our business expansion.
Our ability to obtain such additional capital will likely be subject to various factors, including our overall business performance and
market conditions. There can be no guarantee that the Company will be successful in its ability to raise additional capital to fund its
business plan.

29

Net
Cash Used in Operating Activities – We used $4,521,930 of net cash in operating activities in fiscal 2025. This cash used
in operating activities was primarily attributable to our net loss of $8,399,166, offset by stock based compensation of $1,107,520, and
an increase in accounts payable and accrued expenses of $1,155,038.

Net
Cash Used in Investing Activities – We used 1,063,436 of net cash in investing activities in fiscal 2025 due to the purchase
of the VetStem Licensing Agreement and the purchase of equipment.

Net
Cash Provided by Financing Activities – During fiscal 2025, we were provided with net cash of 5,725,652 from financing
activities consisting primarily of $1,818,000 from the proceeds of the sale of preferred stock, $2,050,100 from the proceeds of the sale
of common stock and warrants, and $1,565,000 from the proceeds of the issuance of convertible debentures.

Inventory

Inventories
are stated at cost, subject to the lower of cost or net realizable value. Cost includes materials, labor, and manufacturing overhead
related to the purchase and production of inventories. Net realizable value is the estimated selling price less estimated costs of completion,
disposal, and transportation. We regularly review inventory quantities on hand through an inventory count.

At
March 31, 2025, the Company’s inventory has a carrying value of $323,504 and consists of $21,782 of
finished goods, $41,540 of work in process and $260,182 in raw material.

At
March 31, 2024, the Company’s inventory has a carrying value of $390,076 and consists of $35,442 of finished goods, $20,289
of work in process and $334,345 in raw material.