Company: TPET
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001641172-25-014516
Chunk: 7

Company: Trio Petroleum Corp.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 1
Chunk 7
---
1,563,752) 
     (1,563,752)
  
    Other comprehensive income 
     -  
     -  
     -  
     -  
     34,846  
     -  
     34,846 
  
    Balance at April 30, 2025 
     7,498,855  
    $750  
    $(10,010) 
    $34,675,039  
    $34,846  
    $(23,252,956) 
    $11,447,669 
  
    Balance 
     7,498,855  
    $750  
    $(10,010) 
    $34,675,039  
    $34,846  
    $(23,252,956) 
    $11,447,669 

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 Six Months Ended April 30, 

    2025  
    2024 

    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(3,179,277) 
    $(5,747,983)
  
    Adjustments to reconcile net loss to net cash (used in)/provided by operating activities: 

    Issuance of common shares for services 
     28,000  
     694,500 
  
    Issuance of equity warrants in connection with convertible note 
     -  
     151,490 
  
    Conversion of convertible note payments into common shares 
     -  
     3,323,587 
  
    Accretion expense 
     1,389  
     1,389 
  
    Amortization of debt discounts 
     344,775  
     1,140,753 
  
    Payable to related party 
     -  
     185,066 
  
    Bad debt expense 
     -  
     - 
  
    Stock-based compensation 
     605,966  
     912,530 
  
    Debt discounts - convertible note 
     -