Company: TPET
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001493152-25-013189
Chunk: 63

Company: Trio Petroleum Corp.
Filing Date: 2025-09-12
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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:

    For the Three Months Ended July 31,  

    2025  
    2024  
    Change  
    % Change 
  
    Revenues 
    $192,395  
    $63,052  
    $129,343  
     205.1%
  
    Cost of goods sold 
     98,489  
     -  
     98,489  
     100.0%
  
    Gross profit 
     93,906  
     63,052  
     30,854  
     48.9%

    Operating expenses: 

    Exploration expense 
    $(266) 
    $8,054  
    $(8,320) 
     (103.3)%
  
    General and administrative expense 
     671,741  
     1,326,171  
     (654,430) 
     (49.3)%
  
    Stock-based compensation expense 
     96,762  
     238,322  
     (141,560) 
     (59.4)%
  
    Accretion expense 
     695  
     695  
     -  
     0.0%
  
    Total operating expenses 
     768,932  
     1,573,242  
     (804,310) 
     (51.1)%
  
    Loss from Operations 
     (675,026) 
     (1,510,190) 
     835,164  
     (55.3)%

    Other expenses, net: 

    Interest expense 
     147,552  
     668,381  
     (520,829) 
     (77.9)%
  
    Settlement fees 
     -  
     -  
     -  
     0.0%
  
    Loss on abandonment of oil and gas properties 
     37,344  
     -  
     37,344  
     100.0%
  
    Loss on extinguishment of debt 
     -  
     -  
     -  
     0.0%
  
    Loss on note conversion 
     535,620  
     -  
     535,620  
     100.0