Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 107

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 14
Chunk 107
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 stock for warrants that can be exercised per the Resale S-1/A 
     59,993  
     6  
     -  
     (6) 
     -  
     - 
  
    Issuance
    of equity warrants in connection with convertible
    debt (Tranche #1) 
     -  
     -  
     -  
     332,630  
     -  
     332,630 
  
    Stock-based
    compensation 
     10,000  
     1  
     -  
     1,044,261  
     -  
     1,044,261 
  
    Net
    loss 
     -  
     -  
     -  
     -  
     (6,544,426) 
     (6,544,426)
  
    Balance
    at October 31, 2023 
     1,552,328  
    $155  
    $(10,010) 
    $20,200,121  
    $(10,446,882) 
    $9,743,384 
  
    Balance 
     1,552,328  
    $155  
    $(10,010) 
    $20,200,121  
    $(10,446,882) 
    $9,743,384 

The
accompanying notes are an integral part of these financial statements.

F-5

TRIO
PETROLEUM CORP.

STATEMENTS
OF CASH FLOWS

    For
    the Years Ended October 31, 

    2024  
    2023 

    CASH
    FLOWS FROM OPERATING ACTIVITIES: 

    Net
    loss 
    $(9,626,797) 
    $(6,544,426)
  
    Adjustments
    to reconcile net loss to net cash used in operating activities: 

    Franchise
    tax fees 
     -  
     (9,450)
  
    Bad
    debt expense 
     -  
     25,000 
  
    Accretion
    expense 
     2,778  
     2,778 
  
    Conversion
    of January 2022 SPA 
     -