TPET: the balance sheet

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Trio Petroleum Corp (TPET)

Balance Sheets	2026-04-30	2026-01-31	2025-10-31
Cash and cash equivalents	22,098,186	684,653	882,162
Prepaid expenses and other receivables	NaN	NaN	128,856
Prepaid expenses	252,998	175,624	NaN
Accounts receivable	107,016	42,265	59,970
Total current assets	22,458,200	902,542	1,070,988
Oil and gas properties - not subject to amortization	13,172,944	13,169,708	12,143,122
Property, plant and equipment	93,003	92,763	NaN
Total assets	35,724,147	14,165,013	13,214,110

Accounts payable and accrued liabilities	832,423	1,523,063	1,305,997
Asset retirement obligations - current	15,039	14,974	2,778
Convertible notes, net of discounts	NaN	167,879	467,179
Due to operators	4,206	66,240	5,668
Other current liabilities	147,506	31,870	75,268
Total current liabilities	999,174	1,804,026	1,856,890
Asset retirement obligations, net of current portion	171,758	167,692	53,869
Total non-current liabilities	171,758	167,692	53,869
Total liabilities	1,170,932	1,971,718	1,910,759
Common stock, 0.0001 par value 150,000,000 shares authorized 41,187,954 and 9,047,658 shares issued and outstanding as of april 30, 2026 and october 31, 2025, respectively	4,120	1,278	906
Stock subscription receivable	10,010	10,010	10,010
Additional paid-in capital	64,244,878	40,521,145	38,653,796
Accumulated other comprehensive income	50,024	49,323	14,471
Accumulated deficit	-29,735,797	-28,368,441	-27,355,812
Total stockholders equity	34,553,215	12,193,295	11,303,351
Total liabilities and stockholders equity	35,724,147	14,165,013	13,214,110

Unit: Dollar. Numbers labeled with * are estimated quarterly values.