Company: TPET
Filing Date: 2025-09-12
Form Type: 10-Q
Source: 0001493152-25-013189
Chunk: 1

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

    Preferred stock, $0.0001 par value; 10,000,000 shares authorized; -0- shares issued and outstanding at July 31, 2025 and October 31, 2024, respectively 
     -  
     - 
  
    Common stock, $0.0001 par value; 150,000,000 shares authorized; 8,399,839 and 3,203,068 shares issued and outstanding as of July 31, 2025 and October 31, 2024, respectively 
     840  
     320 
  
    Stock subscription receivable 
     (10,010) 
     (10,010)
  
    Additional paid-in capital 
     36,040,611  
     29,125,917 
  
    Accumulated other comprehensive income 
     30,520  
     - 
  
    Accumulated deficit 
     (24,639,679) 
     (20,073,679)
  
    Total stockholders’ equity 
     11,422,282  
     9,042,548 

    Total liabilities and stockholders’ equity 
    $13,031,736  
    $11,684,338 

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

3

TRIO
PETROLEUM CORP

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

    2025  
    2024  
    2025  
    2024 

    For the Three Months Ended
 July 31,  
    For the Nine Months Ended 
July 31, 

    2025  
    2024  
    2025  
    2024 

    Revenues 
    $192,395  
    $63,052  
    $226,485  
    $135,975 
  
    Cost of goods sold 
     98,489  
     -  
     107,751  
     - 
  
    Gross profit 
     93,906  
     63,052  
     118,734  
     135,975 

    Operating expenses: 

    Exploration expense 
     (266) 
     8,054