Company: TPET
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001493152-25-013189
Chunk: 92

Company: Trio Petroleum Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 2
Chunk 92
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     (59.4)%
  
    Accretion expense 
     695  
     695  
     -  
     0.0%
  
    Total operating expenses 
     768,932  
     1,573,242  
     (804,310) 
     (51.1)%
  
    Loss from Operations 
     (675,026) 
     (1,510,190) 
     835,164  
     (55.3)%

    Other expenses, net: 

    Interest expense 
     147,552  
     668,381  
     (520,829) 
     (77.9)%
  
    Settlement fees 
     -  
     -  
     -  
     0.0%
  
    Loss on abandonment of oil and gas properties 
     37,344  
     -  
     37,344  
     100.0%
  
    Loss on extinguishment of debt 
     -  
     -  
     -  
     0.0%
  
    Loss on note conversion 
     535,620  
     -  
     535,620  
     100.0%
  
    (Gain) on foreign currency translation 
     (8,819) 
     -  
     (8,819) 
     (100.0)%
  
    Total other expenses, net 
     711,697  
     668,381  
     43,316  
     6.5%
  
    Loss before income taxes 
     (1,386,723) 
     (2,178,571) 
     791,848  
     (36.3)%
  
    Income tax benefit 
     -  
     -  
     -  
     - 
  
    Net loss 
    $(1,386,723) 
    $(2,178,571) 
    $791,848  
     (36.3)%

29

Revenues,
net

Revenues,
net increased for the three months ended July 31, 2025 by approximately $129,343 as compared to the prior period; revenues from the prior
period were from the sale of approximately 1,000