Company: TPET
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001493152-25-013189
Chunk: 8

Company: Trio Petroleum Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 1
Chunk 8
---
 
     -  
     (4,326)
  
    Other comprehensive income (loss) 
     -  
     -  
     -  
     -  
     (4,326) 
     -  
     (4,326)

    Balance at  July 31, 2025 
     8,399,839  
    $840  
    $(10,010) 
    $36,040,611  
    $30,520  
    $(24,639,679) 
    $11,422,282 
  
    Balance 
     8,399,839  
    $840  
    $(10,010) 
    $36,040,611  
    $30,520  
    $(24,639,679) 
    $11,422,282 

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

5

TRIO
PETROLEUM CORP

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    2025  
    2024 

    For the Nine Months Ended July 31, 

    2025  
    2024 

    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(4,566,000) 
    $(7,926,554)
  
    Adjustments to reconcile net loss to net cash (used in)/provided by operating activities: 

    Issuance of common shares for services 
     28,000  
     694,500 
  
    Conversion of convertible note payments into common shares 
     -  
     3,323,587 
  
    Accretion expense 
     2,084  
     2,084 
  
    Amortization of debt discounts 
     489,792  
     1,803,758 
  
    Payable to related party 
     -  
     129,589 
  
    Stock-based compensation 
     702,728  
     1,150,852 
  
    Debt discounts - convertible note 
     -  
     (250,876)
  
    Loss on issuance of common shares in lieu of cash principal payments on debt 
     616,322  
     -