Company: TPET
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001641172-25-014516
Chunk: 129

Company: Trio Petroleum Corp.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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,828  
     72,923  
     (48,095) 
     (66.0)%

    Operating expenses: 

    Exploration expenses 
    $35,882  
    $124,817  
    $(88,935) 
     (71.3)%
  
    General and administrative expenses 
     1,467,027  
     2,433,375  
     (966,348) 
     (39.7)%
  
    Stock-based compensation expense 
     605,966  
     912,530  
     (306,564) 
     (33.6)%
  
    Accretion expenses 
     1,389  
     1,389  
     -  
     0.0%
  
    Total operating expenses 
     2,110,264  
     3,472,111  
     (1,361,847) 
     (39.2)%
  
    Loss from Operations 
     (2,085,436) 
     (3,399,188) 
     1,313,752  
     (38.6)%

    Other expenses: 

    Interest expenses 
     348,520  
     1,141,989  
     (793,469) 
     (69.59)%
  
    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 
     80,702  
     1,196,306  
     (1,115,604) 
     (93.3)%
  
    Total other expenses 
     1,093,841  
     2,348,795  
     (1,254,954) 
     (53.4)%
  
    Loss before income taxes 
     (3,179,277) 
     (5,747,983