Company: TPET
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001641172-25-014516
Chunk: 126

Company: Trio Petroleum Corp.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 8
Chunk 126
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 % Change 
  
    Revenues, net 
    $23,271  
    $72,923  
    $(49,652) 
     (68.1)%
  
    Cost of goods sold 
     9,262  
     -  
     9,262  
     100.0%
  
    Gross profit 
     14,009  
     72,923  
     (58,914) 
     (80.8)%

    Operating expenses: 

    Exploration expenses 
    $11,161  
    $40,223  
    $(29,062) 
     (72.3)%
  
    General and administrative expenses 
     755,481  
     1,475,685  
     (720,204) 
     (48.8)%
  
    Stock-based compensation expense 
     115,652  
     504,912  
     (389,260) 
     (77.1)%
  
    Accretion expenses 
     694  
     694  
     -  
     0.0%
  
    Total operating expenses 
     882,988  
     2,021,514  
     (1,138,526) 
     (56.3)%
  
    Loss from Operations 
     (868,979) 
     (1,948,591) 
     1,079,612  
     (55.4)%

    Other expenses: 

    Interest expenses 
     30,154  
     982,691  
     (952,537) 
     (96.9)%
  
    Settlement fees 
     -  
     10,500  
     (10,500) 
     (100.0)%
  
    Loss on abandonment of oil and gas properties 
     574,419  
     -  
     574,419  
     100.0%
  
    Loss on extinguishment 
     90,200  
     -  
     90,200  
     100.0%
  
    Loss on note conversion 
     -  
     1,104,153  
     (1,104,153) 
     (100.0)%