Company: TPET
Filing Date: 2025-03-14
Form Type: 10-Q
Source: 0001493152-25-010362
Chunk: 5

Company: Trio Petroleum Corp.
Filing Date: 2025-03-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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     407,618 
  
    Changes in operating assets
    and liabilities: 

    Prepaid expenses and other
    receivables 
     225,456  
     6,297 
  
    Accounts payable and accrued
    liabilities 
     (4,280) 
     (47,673)
  
    Other
    current liabilities 
     (413,954) 
     - 
  
    Net
    cash used in operating activities 
     (920,485) 
     (774,431)

    CASH FLOWS FROM INVESTING
    ACTIVITIES: 

    Capital expenditures for
    unproved oil and gas properties 
     (78,165) 
     (912,511)
  
    Payable to a related party 
     -  
     320,000 
  
    Due
    to operators 
     (82,614) 
     69,744 
  
    Net
    cash used in investing activities 
     (160,779) 
     (522,767)

    CASH FLOWS FROM FINANCING
    ACTIVITIES: 

    Proceeds from convertible
    note 
     -  
     550,000 
  
    Proceeds from issuance
    of common shares in connection with ATM agreement 
     3,475,648  
     - 
  
    Payment of convertible
    note 
     -  
     (375,000)
  
    Payment of debt issuance
    costs 
     -  
     (90,978)
  
    Payment of related party
    debt 
     (194,332) 
     - 
  
    Payment
    of promissory notes 
     (524,796) 
     - 
  
    Net
    cash provided by financing activities 
     2,756,520  
     84,022 

    NET CHANGE IN CASH 
     1,675,256  
     (1,213,176)
  
    Cash - Beginning of
    period 
     285,945  
     1,561,924 
  
    Cash - End of period 
    $1,961,201  
    $348,748 

    Supplemental disclosures
    of cash flow information: 

    Cash
    paid for interest 
    $-