Company: PETVW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023398
Chunk: 21

Company: PetVivo Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
---
. The royalty fee expense for the three months ended September 30, 2025, and
2024 was $2,060 and
$0,
respectively. The royalty fee expense for the six months ended September 30, 2025, and 2024 was $2,060
and $0,
respectively. We also issued 250,000
warrants, with a strike place of $1.25
per share for a term of three
years. The total warrant expense is fair valued
at $46,030 to
be amortized over thirty-six months. During the three months ended September 30, 2025 and 2024, warrant expense was $3,836
and $0,
respectively. During the six months ended September 30, 2025 and 2024, warrant expense was $7,672
and $0,
respectively.

During the three and six months ended
September 30, 2025 and 2024 amortization expense was $100,000
and $0
and $200,000
and $0.

In
September 2025, the Company signed an exclusive licensing agreement with Digital Landia Holding Corp to utilize their Artificial Intelligence
(AI) under a B2B white-label model to target a bigger share of the veterinary industry within North America, the United Kingdom, and
potentially other markets. The Company will market the software as its own brand and logo through exclusive Software-as-a-Service access
rights. The exclusive licensing agreement is a ten year agreement whereby the Company paid an initial licensing fee of $800,000, which
was paid in stock issuances. The fair value of the common stock issued as consideration was determined based on the quoted market price
of the Company’s common stock on the measurement date. The licensing fee recorded as an intangible asset and is amortized over
one-hundred twenty (120) months, the term of the agreement. The licensing agreement also has a royalty fee payment between 10% and 15%,
commencing in the thirteenth month of the licensing agreement. No royalty expense was incurred for the three and six months ended September
30, 2025

Amortization
expense was $5,111
and $0
for the three months ended September 30, 2025, and 2024, respectively.
Amortization expense was $5,111
and $0
for the six months ended September