Company: PETVW
Filing Date: 2025-07-10
Form Type: 10-K
Source: 0001641172-25-018617
Chunk: 874

Company: PetVivo Holdings, Inc.
Filing Date: 2025-07-10
Form: 10-K
Item: Item 7
Chunk 874
---

  
    Production equipment 
     708,150  
     661,204 
  
    R&D equipment 
     25,184  
     25,184 
  
    Computer equipment and furniture 
     155,305  
     144,817 
  
    Total, at cost 
     1,312,680  
     1,249,246 
  
    Accumulated depreciation 
     (545,806) 
     (427,590)
  
    Property and equipment, net 
    $766,874  
    $821,656 

For
the years ended March 31, 2025 and 2024, depreciation expense was $118,216 and $118,300, respectively.

NOTE
6 – PATENTS AND TRADEMARKS, NET

The
components of patents and trademarks, all of which are finite-lived, were as follows:

 SCHEDULE OF COMPONENTS OF PATENTS AND TRADEMARKS

    March 31, 2025  
    March 31, 2024 
  
    Patents 
    $3,870,057  
    $3,870,057 
  
    Trademarks 
     26,142  
     26,142 
  
    Total at cost 
     3,896,199  
     3,896,199 
  
    Accumulated Amortization 
     (3,872,474) 
     (3,866,100)
  
    Patents and trademarks, net 
    $23,725  
    $30,099 

For
the years ended March 31, 2025 and 2024, amortization expenses was $6,374
and $8,550,
respectively. The annual amortization expense will be $6,374 for each of the next three years, from 2026 through 2028, and $4,603
in 2029, whereby the net intangible assets will be fully amortized.

    F-13

NOTE
7 – LICENSING AGREEMENTS

The
components of licensing agreements, all of which are finite-lived, were as follows:

 SCHEDULE
OF LICENSING AGREEMENTS

    March 31, 2025  
    March 31, 2024 
  
     License Agreement 
    $2,000,000  
    $- 
  
    Accumulated Amortization