Company: TPET
Filing Date: 2025-06-10
Form Type: 10-Q
Source: 0001641172-25-014516
Chunk: 1

Company: Trio Petroleum Corp.
Filing Date: 2025-06-10
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 -  
     - 

    Stockholders’ Equity: 

    Preferred stock, $0.0001 par value; 10,000,000 shares authorized; -0- shares issued
    and outstanding at April 30, 2025 and October 31, 2024, respectively 
     -  
     - 
  
    Common stock, $0.0001 par value; 490,000,000 shares authorized; 7,498,855 and 3,203,068 shares issued
    and outstanding as of April 30, 2025 and October 31, 2024, respectively 
     750  
     320 
  
    Stock subscription receivable 
     (10,010) 
     (10,010)
  
    Additional paid-in capital 
     34,675,039  
     29,125,917 
  
    Accumulated other comprehensive income 
     34,846  
     - 
  
    Accumulated deficit 
     (23,252,956) 
     (20,073,679)
  
    Total stockholders’ equity 
     11,447,669  
     9,042,548 

    Total liabilities and stockholders’ equity 
    $13,770,810  
    $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 April 30,  
    For the Six Months Ended April 30, 

    2025  
    2024  
    2025  
    2024 

    Revenues, net 
    $23,271  
    $72,923  
    $34,090  
    $72,923 
  
    Cost of goods sold 
     9,262  
     -  
     9,262  
     - 
  
    Gross profit 
     14,009  
     72,923  
     24,828  
     72,923 

    Operating expenses: 

    Exploration