Company: TPET
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001493152-25-013189
Chunk: 185

Company: Trio Petroleum Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 8
Chunk 185
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728  
     1,150,852  
     (448,124) 
     (38.9)%
  
    Accretion expense 
     2,084  
     2,084  
     -  
     0.0%
  
    Total operating expenses 
     2,879,196  
     5,045,353  
     (2,166,157) 
     (42.9)%
  
    Loss from Operations 
     (2,760,462) 
     (4,909,378) 
     2,148,916  
     (43.8)%

    Other expenses: 

    Interest expense 
     496,072  
     1,810,370  
     (1,314,298) 
     (72.6)%
  
    Settlement fees 
     -  
     10,500  
     (10,500) 
     (100.0)%
  
    Loss on abandonment of oil and gas properties 
     611,763  
     -  
     611,763  
     100.0%
  
    Loss on extinguishment of debt 
     90,200  
     -  
     90,200  
     100.0%
  
    Loss on note conversion 
     616,322  
     1,196,306  
     (579,984) 
     (48.5)%
  
    (Gain) on foreign currency translation 
     (8,819) 
     -  
     (8,819) 
     (100.0)%
  
    Total other expenses 
     1,805,538  
     3,017,176  
     (1,211,638) 
     (40.2)%
  
    Loss before income taxes 
     (4,566,000) 
     (7,926,554) 
     3,360,554  
     (42.4)%
  
    Income tax benefit 
     -  
     -  
     -  
     - 
  
    Net loss 
    $(4,566,000) 
    $(7,926,554) 
    $3,360,554