Company: PETVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001493152-25-011967
Chunk: 34

Company: PetVivo Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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,757 
  
    OPERATING EXPENSES 

    Sales and marketing 
     621,712  
     534,413 
  
    Research and development 
     1,068,818  
     1,233,261 
  
    General and administrative 
     340,513  
     387,515 
  
    Total operating expenses 
     2,031,043  
     2,155,189 
  
    NET OPERATING LOSS 
    $(1,844,317) 
    $(2,044,432)

    23

NOTE
15 – SUBSEQUENT EVENTS

On
July 1, 2025, the Company issued 52,500 shares related to vesting of restricted stock units (“RSUs”).

On
July 1, 2025, pursuant to an employment letter, the Company issued 16,694
shares of restricted common stock to an employee valued at $12,000.
The Company expensed $6,000 of the restricted common stock per quarter, for two consecutive quarters. The Company also issued 19,372
shares of restricted common stock to a board member for consulting compensation valued at $15,000
for the three months ending June 30, 2025.

On
July 18, 2025, the Company converted 3,045,000
shares of Series A Preferred Stock to Common Stock 
on a share-for-share basis.

On
July 29, 2025, the Company issued 367,850
shares of restricted common stock to four employees for performance bonuses fair valued at $289,130, all expensed on the date issued of July 20, 2025.

Enactment
of Federal Tax Legislation

On
July 2, 2025, subsequent to the end of the reporting period, Congress enacted the Taxpayer Fairness
and Growth Act of 2025, which includes significant amendments to the Internal Revenue Code. Key provisions include:

  ●
  A reduction in the federal corporate income tax rate
  from 21% to 19%, effective for tax years beginning after January 1, 2026;

  ●
  Limitations on the deductibility of certain interest
  and R&D expenses;

  ●
  Modifications to the foreign-derived intangible income
  (“FDII “) and global intangible low-taxed income (“GILTI”) regimes.

The
Company is currently evaluating the impact of