2024 Q3 Form 10-Q Financial Statement
#000149315224036044 Filed on September 12, 2024
Income Statement
Concept | 2024 Q3 |
---|---|
Revenue | $63.05K |
YoY Change | |
Cost Of Revenue | |
YoY Change | |
Gross Profit | |
YoY Change | |
Gross Profit Margin | |
Selling, General & Admin | $1.560M |
YoY Change | -20.39% |
% of Gross Profit | |
Research & Development | $8.050K |
YoY Change | -95.98% |
% of Gross Profit | |
Depreciation & Amortization | |
YoY Change | |
% of Gross Profit | |
Operating Expenses | $1.569M |
YoY Change | -27.28% |
Operating Profit | -$1.506M |
YoY Change | -30.2% |
Interest Expense | -$668.4K |
YoY Change | |
% of Operating Profit | |
Other Income/Expense, Net | -$672.6K |
YoY Change | 5053.56% |
Pretax Income | -$2.179M |
YoY Change | 0.37% |
Income Tax | |
% Of Pretax Income | |
Net Earnings | -$2.179M |
YoY Change | 0.37% |
Net Earnings / Revenue | -3455.2% |
Basic Earnings Per Share | -$0.04 |
Diluted Earnings Per Share | -$0.04 |
COMMON SHARES | |
Basic Shares Outstanding | 50.33M shares |
Diluted Shares Outstanding | 50.33M shares |
Balance Sheet
Concept | 2024 Q3 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $293.1K |
YoY Change | -80.59% |
Cash & Equivalents | $293.1K |
Short-Term Investments | |
Other Short-Term Assets | $324.6K |
YoY Change | 170.5% |
Inventory | |
Prepaid Expenses | $324.6K |
Receivables | |
Other Receivables | |
Total Short-Term Assets | $617.7K |
YoY Change | -62.11% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $11.08M |
YoY Change | 22.47% |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | |
YoY Change | |
Other Assets | |
YoY Change | |
Total Long-Term Assets | $11.08M |
YoY Change | 16.17% |
TOTAL ASSETS | |
Total Short-Term Assets | $617.7K |
Total Long-Term Assets | $11.08M |
Total Assets | $11.70M |
YoY Change | 4.75% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $1.436M |
YoY Change | 75.06% |
Accrued Expenses | |
YoY Change | |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $1.574M |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $3.588M |
YoY Change | 336.14% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $0.00 |
YoY Change | |
Other Long-Term Liabilities | $50.40K |
YoY Change | 0.8% |
Total Long-Term Liabilities | $50.40K |
YoY Change | -1.89% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $3.588M |
Total Long-Term Liabilities | $50.40K |
Total Liabilities | $3.639M |
YoY Change | 316.27% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$18.37M |
YoY Change | 101.3% |
Common Stock | $5.033K |
YoY Change | 69.92% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $8.062M |
YoY Change | |
Total Liabilities & Shareholders Equity | $11.70M |
YoY Change | 4.75% |
Cashflow Statement
Concept | 2024 Q3 |
---|---|
OPERATING ACTIVITIES | |
Net Income | -$2.179M |
YoY Change | 0.37% |
Depreciation, Depletion And Amortization | |
YoY Change | |
Cash From Operating Activities | -$563.9K |
YoY Change | -67.59% |
INVESTING ACTIVITIES | |
Capital Expenditures | $74.61K |
YoY Change | 86.53% |
Acquisitions | |
YoY Change | |
Other Investing Activities | -$45.25K |
YoY Change | -94.27% |
Cash From Investing Activities | -$119.9K |
YoY Change | -85.56% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | 756.2K |
YoY Change | -59.99% |
NET CHANGE | |
Cash From Operating Activities | -563.9K |
Cash From Investing Activities | -119.9K |
Cash From Financing Activities | 756.2K |
Net Change In Cash | 72.45K |
YoY Change | -110.65% |
FREE CASH FLOW | |
Cash From Operating Activities | -$563.9K |
Capital Expenditures | $74.61K |
Free Cash Flow | -$638.5K |
YoY Change | -64.13% |
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|
1150852 | usd | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
896947 | usd | |
us-gaap |
Accretion Expense
AccretionExpense
|
2084 | usd | |
us-gaap |
Accretion Expense
AccretionExpense
|
2084 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
5030721 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
3339858 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4894746 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-3339858 | usd | |
CY2024Q3 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
668381 | usd |
us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
1810370 | usd | |
us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
746930 | usd | |
CY2023Q3 | TPET |
Settlement Fees
SettlementFees
|
13051 | usd |
TPET |
Settlement Fees
SettlementFees
|
10500 | usd | |
TPET |
Settlement Fees
SettlementFees
|
13051 | usd | |
TPET |
Loss On Note Conversion
LossOnNoteConversion
|
1196306 | usd | |
TPET |
Loss On Note Conversion
LossOnNoteConversion
|
1125000 | usd | |
us-gaap |
Taxes And Licenses
TaxesAndLicenses
|
14632 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-3031808 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-1884981 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-7926554 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-5224839 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7926554 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5224839 | usd | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.08 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.19 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.19 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.25 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.25 | ||
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
50328328 | shares |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
50328328 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
26556760 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
41234010 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
20748826 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
20748826 | shares | |
CY2024Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9745008 | usd |
CY2024Q3 | us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
257701 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
238322 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2178571 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8062460 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9743384 | usd |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
694500 | usd | |
us-gaap |
Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
|
409191 | usd | |
us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
3323587 | usd | |
TPET |
Stock Issued During Period Value Issuance Of Commitment Shares In Connection With The Financings
StockIssuedDuringPeriodValueIssuanceOfCommitmentSharesInConnectionWithTheFinancings
|
667500 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1150852 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7926554 | usd | |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8062460 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9788373 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1812635 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
80159 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
785962 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2170601 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10296528 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2723124 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2723124 | usd |
us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
372000 | usd | |
us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
5164875 | usd | |
TPET |
Stock Issued During Period Value Issuance Of Commitment Shares Related To The Spa
StockIssuedDuringPeriodValueIssuanceOfCommitmentSharesRelatedToTheSPA
|
1125001 | usd | |
TPET |
Stock Issued During Period Value Issuance Of Common Shares In Ipo Net Of Underwriting Discounts And Offering Costs
StockIssuedDuringPeriodValueIssuanceOfCommonSharesInIPONetOfUnderwritingDiscountsAndOfferingCosts
|
3342626 | usd | |
us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
4000 | usd | |
us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
1812635 | usd | |
us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
80160 | usd | |
us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
896947 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5224839 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10296528 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
10296528 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-7926554 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-5224839 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
694500 | usd | |
TPET |
Conversion Of Convertible Note Payments Into Common Stock
ConversionOfConvertibleNotePaymentsIntoCommonStock
|
3323587 | usd | |
us-gaap |
Provision For Other Credit Losses
ProvisionForOtherCreditLosses
|
25000 | usd | |
us-gaap |
Accretion Expense
AccretionExpense
|
2084 | usd | |
us-gaap |
Accretion Expense
AccretionExpense
|
2084 | usd | |
TPET |
Conversion Of Agreement
ConversionOfAgreement
|
1125000 | usd | |
TPET |
Payable To Related Party
PayableToRelatedParty
|
129589 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1803758 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
432693 | usd | |
TPET |
Debt Discount Premium
DebtDiscountPremium
|
-250876 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1150852 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
896947 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
191186 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
114290 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
826161 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
315045 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
556727 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
118642 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-2542360 | usd | |
us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
1135543 | usd | |
us-gaap |
Payments To Explore And Develop Oil And Gas Properties
PaymentsToExploreAndDevelopOilAndGasProperties
|
249520 | usd | |
us-gaap |
Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
|
2959580 | usd | |
us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
3018 | usd | |
us-gaap |
Proceeds From Collection Of Longterm Loans To Related Parties
ProceedsFromCollectionOfLongtermLoansToRelatedParties
|
1405050 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1138561 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-1804050 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
452160 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
2550000 | usd | |
us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
1836880 | usd | |
us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
125000 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
550000 | usd | |
us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
1472512 | usd | |
us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
6000000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
210778 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
1812635 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1013493 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-248898 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
5778790 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1268817 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1432380 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1561924 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
73648 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
293107 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1506028 | usd |
TPET |
Issuance Of Warrants Equity Classified
IssuanceOfWarrantsEquityClassified
|
409191 | usd | |
TPET |
Issuance Of Commitment Shares
IssuanceOfCommitmentShares
|
667500 | usd | |
us-gaap |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
|
134550 | shares | |
us-gaap |
Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Shares Issued1
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationSharesIssued1
|
70 | shares | |
TPET |
Issuance Of Prefunded Warrants
IssuanceOfPrefundedWarrants
|
120 | usd | |
TPET |
Issuance Of Common Stock For Excercisable Warrants
IssuanceOfCommonStockForExcercisableWarrants
|
4000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_800_eus-gaap--NatureOfOperations_zMnGSSrQZN46" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – <span id="xdx_820_zWqnH1xgSuF3">NATURE OF THE ORGANIZATION AND BUSINESS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Company Organization</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Trio Petroleum Corp. (“Trio Petroleum”, the “Company” or “TPET”) is a California-based oil and gas exploration and development company headquartered in Bakersfield, California, with its principal executive offices located at 5401 Business Park South, Suite 115, Bakersfield, California 93309, and with operations in Monterey County, California, and Uintah County, Utah. The Company was incorporated on July 19, 2021, under the laws of Delaware to acquire, fund, and operate oil and gas exploration, development and production projects, initially focusing on one major asset in California, the South Salinas Project (“South Salinas Project”). The Company has since acquired interests in the McCool Ranch Oil Field in Monterey County, California, and in the Asphalt Ridge Project in Uintah County, Utah. The Company has had revenue-generating operations since the McCool Ranch Oil Field was restarted on February 22, 2024, and recognized its first revenues in the fiscal quarter ended April 30, 2024, and received the proceeds from these operations in June 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Acquisition of South Salinas Project</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company was initially formed to acquire from Trio Petroleum LLC (“Trio LLC”) an approximate <span id="xdx_900_eus-gaap--BusinessCombinationStepAcquisitionEquityInterestInAcquireePercentage_iI_pid_dp_uPure_c20231031__dei--LegalEntityAxis__custom--TrioLLCMember__us-gaap--BusinessAcquisitionAxis__custom--SouthSalinasProjectMember_zGZy4npiZzI3" title="Business acquisition increase in percentage of working interest">82.75</span>% working interest (which was subsequently increased to an approximate <span id="xdx_90F_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_dp_uPure_c20230430__dei--LegalEntityAxis__custom--TrioLLCMember__us-gaap--BusinessAcquisitionAxis__custom--SouthSalinasProjectMember_zrs33P6StZwc" title="Business acquisition percentage">85.775</span>% working interest in April 2023), in the large, approximately <span id="xdx_907_eus-gaap--AreaOfLand_iI_usqft_c20231031__dei--LegalEntityAxis__custom--TrioLLCMember__us-gaap--BusinessAcquisitionAxis__custom--SouthSalinasProjectMember_zqMkFY5m3Zt3" title="Acres of property">9,300</span>-acre South Salinas Project that is located in Monterey County, California, and subsequently partner with certain members of Trio LLC’s management team to develop and operate those assets. In September 2021, the Company entered into a Purchase and Sale Agreement (“Trio LLC PSA”) with Trio LLC to acquire the purchased percentage of the South Salinas Project’s leases, wells and inventory in exchange for $<span id="xdx_90A_eus-gaap--PaymentsToAcquireBusinessesGross_c20210930__20210930__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zdG9sMTvqydb" title="Payments to acquire businesses net of cash acquired">300,000</span> cash, a non-interest-bearing note payable of $<span id="xdx_905_eus-gaap--AccountsPayableInterestBearingCurrentAndNoncurrent_iI_c20210930__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zy6BQzvRwuic" title="Non interest bearing notes payable">3,700,000</span> and <span id="xdx_904_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_c20210930__20210930__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zxtBNsXFXx16" title="Number of shares issued">4,900,000</span> shares of the Company’s $<span id="xdx_907_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20210930__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zV65ODTHK9H2" title="Common stock price per share">0.0001</span> par value common stock (which constituted <span id="xdx_90A_ecustom--BusinessAcquisitionOfOutstandingSharesPercentage_iI_dp_uPure_c20210930__dei--LegalEntityAxis__custom--TrioLLCMember_z2UPK2XeB4Gb" title="Business acquisition percentage">45</span>% of the total number of issued shares of the Company at that time). The Company accounted for the purchase as an asset acquisition, as prescribed in Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 805 – <i>Business Combinations</i>. The assets and associated asset retirement obligations (“ARO”) were recorded based on relative fair value at the estimated fair value of the consideration paid. The Company holds an approximate <span id="xdx_901_ecustom--PurchaseOfAdditionalOfRoyaltiesInterestPercentage_iI_dp_uPure_c20210930__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zEvkQFMoIqg2" title="Royalties percentage">68.62</span>% interest after the application of royalties (“net revenue interest”) in the South Salinas Project, while Trio LLC holds an approximate <span id="xdx_907_ecustom--PurchaseOfAdditionalInterestPercentage_iI_dp_uPure_c20210930__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zHTtGI6VuZA8" title="Working interest percentage">3.8</span>% working interest in the South Salinas Project; the Company and Trio LLC are separate and distinct companies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">There are two contiguous areas of notable oil/gas accumulations in the South Salinas Project; the first is the Humpback Area that occurs in the northern part of the project and the second is the Presidents Area (“Presidents Oil Field”) that occurs in the southern part of the project. As of July 31, 2024 and October 31, 2023, there were no proved reserves attributable to the approximate <span id="xdx_90A_eus-gaap--AreaOfLand_iI_usqft_c20240731__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zsrXlNLN3L4h" title="Acres of property"><span id="xdx_906_eus-gaap--AreaOfLand_iI_usqft_c20231031__us-gaap--TypeOfArrangementAxis__custom--PurchaseAndSaleAgreementMember__dei--LegalEntityAxis__custom--TrioLLCMember_zfoYt9WfBJS7" title="Acres of property">9,300</span></span> acres of the property. Since it was returned to production in March 2024, the HV-3A well at the South Salinas Project has been producing oil with a generally favorable oil-water ratio; the Company expects to take steps to improve oil production from this well in the third or fourth calendar quarter of 2024 and expects to receive the first revenue from oil produced from the well in the third calendar quarter of 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Initial Public Offering</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s Registration Statement (Amendment No. 9) on Form S-1/A was filed with the SEC on March 24, 2023; its Initial Public Offering was declared effective on April 17, 2023 and closed on April 20, 2023 (collectively, the “Offering” or “IPO”). The Company sold <span id="xdx_901_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_dc_c20230420__20230420__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zQAEtXumulCd" title="Number of shares sold">two million</span> shares of its common stock for total gross proceeds of $<span id="xdx_900_eus-gaap--SaleOfStockConsiderationReceivedOnTransaction_c20230420__20230420__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_z3fp0DkRaT53" title="Gross proceeds from sale of shares">6,000,000</span>, which is described more fully in Note 4.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Additional Acquisitions - McCool Ranch Oil Field & Asphalt Ridge Leasehold</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In October 2023, the Company entered into an agreement (“McCool Ranch Purchase Agreement”) with Trio LLC for purchase of a <span id="xdx_900_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_pid_dp_uPure_c20231031__us-gaap--BusinessAcquisitionAxis__custom--TrioLLCMember__us-gaap--TypeOfArrangementAxis__custom--McCoolRanchPurchaseAgreementMember_zFmBrgRku58h" title="Working interest">21.918315</span>% working interest in the McCool Ranch Oil Field located in Monterey County near the Company’s flagship South Salinas Project; the Company initially began refurbishment operations with respect to a water disposal well. After refurbishment was successfully accomplished, the Company restarted production operations on the assets (see Note 5 for further information). In <span id="xdx_905_eus-gaap--BusinessAcquisitionDescriptionOfAcquiredEntity_c20231101__20231130__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HeavySweetOilMember_zBZhqx1Dft7d" title="Business acquisition description">November 2023, the Company entered into a leasehold acquisition and development option agreement (“ARLO Agreement”) with Heavy Sweet Oil, LLC (“HSO”), which gave the Company a 9-month option for the exclusive right to acquire up to a <span id="xdx_901_ecustom--PercentageOfProductionShare_pid_dp_uPure_c20231101__20231130__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HeavySweetOilMember_zb8Rje99ifD1" title="Percentage of production share">20</span>% interest in a <span id="xdx_90C_eus-gaap--AreaOfLand_iI_uAcre_c20231130__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HeavySweetOilMember_zDFFkpqzb3pg" title="Area of land">960</span>-acre drilling and production program in the Asphalt Ridge leases for $<span id="xdx_908_eus-gaap--PaymentsToAcquireLoansAndLeasesHeldForInvestment_c20231101__20231130__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HeavySweetOilMember_zTjgz1fiucBd" title="Payments to acquire loans and lease">2,000,000</span>.</span> In December 2023, the Company amended the agreement and funded $<span id="xdx_908_eus-gaap--BusinessCombinationConsiderationTransferred1_c20231201__20231231__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember_zlHlRAyVbpG" title="Business combination agreement and funded amount">200,000</span> in exchange for an immediate <span id="xdx_90E_ecustom--FinanceLeaseInterestPercentage_pid_dp_uPure_c20231201__20231231__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember_zQEjbxAYfHy2" title="Finance lease interest percentage">2</span>% interest in the leases; subsequently, in January 2024, the Company funded an additional $<span id="xdx_908_eus-gaap--BusinessCombinationConsiderationTransferred1_c20240101__20240131__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember_zPbQFpoMrb7e" title="Business combination agreement and funded amount">25,000</span> resulting in a total <span id="xdx_908_ecustom--FinanceLeaseInterestPercentage_pid_dp_uPure_c20240101__20240131__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember_zG8wZA3Bv5Ja" title="Finance lease interest percentage">2.25</span>% working interest in the leases. Such funds are to be used for the building of roads and related infrastructure in furtherance of the development of the leases; at present, the Company has until October 10, 2024 to pay HSO an additional approximate $<span id="xdx_90B_eus-gaap--PaymentsToAcquireLoansAndLeasesHeldForInvestment_pn3n6_c20240101__20240131__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HeavySweetOilMember_z01rBXDWl74g" title="Payments to acquire loans and lease">1.775</span> million to exercise the option for the remaining <span id="xdx_90C_ecustom--PercentageOfProductionShare_pid_dp_uPure_c20240101__20240131__us-gaap--TypeOfArrangementAxis__custom--ARLOAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--HeavySweetOilMember_zqu3q4WbF797" title="Percentage of production share">17.75</span>% interest in the leases (see Note 6 for further information).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Emerging Growth Company</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is an “emerging growth company,” as defined in Section 2(a)(19) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act of 2002, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_842_eus-gaap--UseOfEstimates_zs0iNH1FgBig" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_868_zRJ7ZBrW8zZb">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, equity-based transaction and disclosure of contingent assets and liabilities at the date of the financial statements, and the revenue and expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Some of the more significant estimates required to be made by management include estimates of oil and natural gas reserves (when and if assigned) and related present value estimates of future net cash flows therefrom, the carrying value of oil and natural gas properties, accounts receivable, bad debt expense, ARO and the valuation of equity-based transactions. Accordingly, actual results could differ significantly from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2024Q3 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
210778 | usd |
CY2023Q4 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
350320 | usd |
CY2023Q4 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
51091 | usd |
us-gaap |
Accretion Expense
AccretionExpense
|
2084 | usd | |
CY2024Q3 | us-gaap |
Asset Retirement Obligation
AssetRetirementObligation
|
53175 | usd |
CY2024Q3 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
2778 | usd |
CY2024Q3 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
50397 | usd |
CY2024Q3 | us-gaap |
Cash
Cash
|
293107 | usd |
CY2024Q3 | TPET |
Working Capital
WorkingCapital
|
2970428 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-18373436 | usd |
CY2023Q2 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
4940000 | usd |
CY2024Q3 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
63052 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
135975 | usd | |
CY2024Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | usd |
CY2023Q3 | us-gaap |
Contract With Customer Liability
ContractWithCustomerLiability
|
0 | usd |
CY2024Q3 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
11083285 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Gross
OilAndGasPropertyFullCostMethodGross
|
9947742 | usd |
CY2024Q3 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
11083285 | usd |
CY2023Q4 | us-gaap |
Oil And Gas Property Full Cost Method Net
OilAndGasPropertyFullCostMethodNet
|
9947742 | usd |
CY2024Q3 | us-gaap |
Exploration Costs
ExplorationCosts
|
8054 | usd |
us-gaap |
Exploration Costs
ExplorationCosts
|
132871 | usd | |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
1100000 | usd | |
CY2023Q3 | us-gaap |
Exploration Costs
ExplorationCosts
|
199637 | usd |
us-gaap |
Exploration Costs
ExplorationCosts
|
225052 | usd | |
us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
|
3200000 | usd | |
CY2023Q4 | us-gaap |
Long Term Purchase Commitment Amount
LongTermPurchaseCommitmentAmount
|
200000 | usd |
CY2023Q4 | us-gaap |
Long Term Purchase Commitment Description
LongTermPurchaseCommitmentDescription
|
the effective date for exclusive rights to the option to purchase 80% of the 100% Before Project Payout Working Interest | |
CY2024Q1 | us-gaap |
Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
|
25000 | usd |
TPET |
Working Interest Percentage
WorkingInterestPercentage
|
0.85775 | pure | |
CY2024Q3 | TPET |
Due To Operators Current
DueToOperatorsCurrent
|
18633 | usd |
CY2023Q4 | TPET |
Due To Operators Current
DueToOperatorsCurrent
|
21651 | usd |
CY2024Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1217597 | usd |
CY2024Q3 | us-gaap |
Notes Payable
NotesPayable
|
1574541 | usd |
CY2023Q4 | us-gaap |
Notes Payable
NotesPayable
|
1217597 | usd |
CY2023Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.34 | |
CY2023Q4 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.31 | |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.29 | |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.24 | |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.13 | |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.10 | |
CY2024Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.17 | |
CY2024Q1 | TPET |
Description Of Amendment To First Tranche Note
DescriptionOfAmendmentToFirstTrancheNote
|
i) a reduction of the floor price of the conversion price from $0.35 to $0.15, ii) the issuance of additional 2,395,911 shares of common stock (as noted above) to the investor in lieu of the Company’s obligation to pay cash installments under the First Tranche Note, and iii) a new obligation of the Company to request acceleration of monthly payments in installments of $250,000 as soon as possible to repay the remaining $1,000,000 principal balance of the First Tranche Note, with the investor converting and selling shares subject to a) the beneficial ownership limitation of 4.99% and b) market prices of the Company’s common stock being at or above the floor price of $0.15. | |
CY2024Q1 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
125000 | usd |
CY2024Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
4384 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
0 | usd |
CY2024Q2 | us-gaap |
Debt Conversion Converted Instrument Rate
DebtConversionConvertedInstrumentRate
|
1 | pure |
CY2024Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.24 | |
CY2024Q2 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
0.63 | |
CY2024Q1 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
574779 | usd |
CY2024Q2 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
221449 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0436 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.371 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | ||
ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | ||
TPET |
Rule10b51 Arr Modified Flag
Rule10b51ArrModifiedFlag
|
false | ||
TPET |
Non Rule10b51 Arr Modified Flag
NonRule10b51ArrModifiedFlag
|
false | ||
ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | ||
ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |