Company: PETVW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006783
Chunk: 21

Company: PetVivo Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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    Total Net 
    $770,267  
    $821,656 

Depreciation
expense was $30,695 and $28,286 for the three months ended December 31, 2024 and 2023, respectively. Depreciation expense was $93,619
and $87,375 for the nine months ended December 31, 2024 and 2023, respectively.

    16

NOTE
6 – PATENTS AND TRADEMARKS

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

SCHEDULE
OF COMPONENTS OF PATENTS AND TRADEMARKS 

    December 31, 2024 
    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 
     (3,871,095) 
     (3,866,100)
  
    Total net 
    $25,104  
    $30,099 

Amortization
expense was $1,379 and $2,041 for the three months ended December 31, 2024 and 2023, respectively. Amortization expense was $4,995 and
$6,316 for the nine months ended December 31, 2024 and 2023, respectively.

NOTE
7 – ACCRUED EXPENSES AND OTHER PAYABLES

The
components of accrued expenses were as follows:

SCHEDULE
OF COMPONENTS OF ACCRUED EXPENSES 

    December 31, 2024 
    March 31, 2024
  
    Accrued payroll and related taxes 
    $230,065  
    $111,353 
  
    Accrued expenses 
     179,991  
     131,677 
  
    Total 
    $410,056  
    $243,030 

NOTE
8 – NOTE PAYABLE

In
January 2020, the Company entered into a lease amendment for our corporate office facility whereby the lease term was extended through
November of 2026 in exchange for a loan of $42,500. The note payable accrues interest at a rate of 6