{"url_path":"/sec/petv/10-k/2026/item-2","section_key":"item-2","section_title":"Item 2 PROPERTIES**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-06-29","source_url":"https://www.sec.gov/Archives/edgar/data/1512922/0001493152-26-031136-index.html","accession_number":"0001493152-26-031136","cik":"0001512922","ticker":"PETV","issuer_name":"PetVivo Holdings, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1512922/0001493152-26-031136-index.html","primary_entity_key":"0001512922","primary_entity_name":"PetVivo Holdings, Inc."},"word_count":245,"has_tables":true,"body_markdown":"** **\n\n**ITEM\n2. PROPERTIES**\n\n \n\nWe\ndo not own any real estate. We lease approximately 3,600 square feet of office, laboratory, and warehouse space at 5251 Edina Industrial\nBlvd., Edina, Minnesota. This lease will expire in November 2026.\n\n \n\nIn\nJanuary 2022, we leased an additional 2,400 square feet of office space near the location above. This lease will expire in March 2027.\nRefer to Note 9. *Commitments and Contingencies*, in the Notes to Consolidated Financial Statements set forth in Part II, Item 8.\nFinancial Statements and Supplementary Data of this Annual Report, for further information regarding our leases.\n\n \n\nOn\nJanuary 10, 2023, the Company entered into a new lease agreement for 14,073 square feet of production and warehouse space with a commencement\ndate of April 1, 2023, which is when the control and right of use for this lease asset took place. The initial monthly base rent was\n$8,420 and had annual increases of 2.5%. The Company was also responsible for its proportional share of common space expenses, property\ntaxes, and building insurance. The lease had a termination of June 30, 2033, and the Company had a renewal option for a period of five\nyears. The Company terminated its ten-year lease agreement on the 14,073 square foot production and warehouse space effective June 30,\n2025.\n\n \n\nThe\nCompany believes that the current facilities are suitable and adequate to meet the Company’s current needs and that suitable additional\nspace will be available as and when needed on acceptable terms."}