Company: TPET
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001493152-25-010362
Chunk: 2

Company: Trio Petroleum Corp.
Filing Date: 2025-03-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
 expenses 
     399,068  
     251,451 

    Loss before income taxes 
     (1,615,525) 
     (1,702,048)
  
    Provision for income taxes 
     -  
     - 

    Net loss 
    $(1,615,525) 
    $(1,702,048)

    Basic and Diluted Net Loss per Common Share 

    Basic 
    $(0.33) 
    $(1.08)
  
    Diluted 
    $(0.33) 
    $(1.08)

    Weighted Average Number of Common Shares Outstanding 

    Basic 
     4,965,962  
     1,580,211 
  
    Diluted 
     4,965,962  
     1,580,211 

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

4

TRIO
PETROLEUM CORP.

CONDENSED
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE THREE MONTHS ENDED JANUARY 31, 2025
AND 2024

(Unaudited)

    Shares  
    Amount  
    Receivable  
    Capital  
    Deficit  
    Equity 

    Stock  
    Additional  
       
    Total 

    Common
    Stock  
    Subscription  
    Paid-in  
    Accumulated  
    Stockholders’ 

    Shares  
    Amount  
    Receivable  
    Capital  
    Deficit  
    Equity 
  
    Balance at October 31, 2024 
     3,203,068  
     320  
     (10,010) 
     29,125,917  
     (20,073,679) 
     9,042,548 
  
    Issuance of common shares to executives and
    board members 
     210,000  
     21  
     -  
     (21) 
     -  
     - 
  
    Issuance of common shares in connection with
    ATM agreement, net 
     2,951,169  
     295  
     -  
     3,475,353  
     -  
     3,475