Company: TPET
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001493152-25-013189
Chunk: 2

Company: Trio Petroleum Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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35,616  
     132,871 
  
    General and administrative expense 
     671,741  
     1,326,171  
     2,138,768  
     3,759,546 
  
    Stock-based compensation expense 
     96,762  
     238,322  
     702,728  
     1,150,852 
  
    Accretion expense 
     695  
     695  
     2,084  
     2,084 
  
    Total operating expenses 
     768,932  
     1,573,242  
     2,879,196  
     5,045,353 

    Loss from operations 
     (675,026) 
     (1,510,190) 
     (2,760,462) 
     (4,909,378)

    Other expenses: 

    Interest expense 
     147,552  
     668,381  
     496,072  
     1,810,370 
  
    Settlement fees 
     -  
     -  
     -  
     10,500 
  
    Loss on abandonment of oil and gas properties 
     37,344  
     -  
     611,763  
     - 
  
    Loss on extinguishment of debt 
     -  
     -  
     90,200  
     - 
  
    Loss on conversion 
     535,620  
     -  
     616,322  
     1,196,306 
  
    Loss on foreign currency translation 
     (8,819) 
     -  
     (8,819) 
     - 
  
    Total other expenses 
     711,697  
     668,381  
     1,805,538  
     3,017,176 

    Loss before income taxes 
     (1,386,723) 
     (2,178,571) 
     (4,566,000) 
     (7,926,554)
  
    Provision for income taxes 
     -  
     -  
     -  
     - 

    Net loss 
    $(1,