Company: TPET
Filing Date: 2025-01-17
Form Type: 10-K
Source: 0001493152-25-002760
Chunk: 2343

Company: Trio Petroleum Corp.
Filing Date: 2025-01-17
Form: 10-K
Item: Item 10
Chunk 2343
---
 - 
  
    Proceeds
    from issuance of common shares related to ATM agreement 
     1,173,679  
     - 
  
    Proceeds
    from issuance of common shares related to IPO 
     -  
     6,000,000 
  
    Proceeds
    from exercise of warrants, net 
     -  
     1,812,635 
  
    Repayment
    of debt 
     (352,767) 
     (1,472,512)
  
    Payments
    for debt issuance costs 
     (259,903) 
     (350,320)
  
    Payments
    for deferred offering costs 
     -  
     (1,013,493)
  
    Net
    cash provided by financing activities 
     3,654,647  
     7,714,969 

    NET
    CHANGE IN CASH 
     (1,275,979) 
     1,488,276 
  
    Cash
    - Beginning of period 
     1,561,924  
     73,648 
  
    Cash
    - End of period 
    $285,945  
    $1,561,924 

    Supplemental
    disclosures of cash flow information: 

    Cash
    paid for interest 
    $-  
    $- 
  
    Cash
    paid for income taxes 
    $-  
    $- 

    SUPPLEMENTAL
    CASH FLOW INFORMATION: 

    Non-cash
    investing and financing activities: 

    Issuance
    of warrants 
    $409,191  
    $332,630 
  
    Issuance
    of RSUs 
    $911,650  
    $213 
  
    Issuance
    of commitment shares 
    $667,500  
    $- 
  
    Issuance
    of common stock for warrants that can be exercised per the Resale S-1/A 
    $-  
    $120 
  
    Issuance
    of pre-funded warrants 
    $-  
    $4,000 

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

F-6

TRIO
PETROLEUM CORP.

NOTES
TO THE FINANCIAL STATEMENTS

FOR
THE YEARS