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Condensed Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Jul. 31, 2024
Jul. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,926,554) $ (5,224,839)
Adjustments to reconcile net loss to net cash used in operating activities:    
Issuance of common shares for services 694,500
Conversion of convertible note payments into common shares 3,323,587
Bad debt expense 25,000
Accretion expense 2,084 2,084
Conversion of SPA 1,125,000
Payable to related party 129,589
Amortization of debt discounts 1,803,758 432,693
Debt discounts – convertible note (250,876)
Stock-based compensation 1,150,852 896,947
Changes in operating assets and liabilities:    
Prepaid expenses and other receivables (191,186) (114,290)
Accounts payable and accrued liabilities 826,161 315,045
Other liabilities 556,727
Net cash provided by/(used in) operating activities 118,642 (2,542,360)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures for unproved oil and gas properties (1,135,543) (249,520)
Drilling costs for exploratory well (2,959,580)
Due to operators (3,018)
Advances to operators 1,405,050
Net cash used in investing activities (1,138,561) (1,804,050)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock, net 452,160
Payment of convertible note payable (2,550,000)
Proceeds from promissory notes 1,836,880  
Proceeds from note payable – related party 125,000  
Proceeds from convertible note payable 550,000  
Repayment of notes payable (1,472,512)
Proceeds from issuance of common stock in IPO 6,000,000
Payment for debt issuance costs (210,778)
Proceeds from exercise of warrants   1,812,635
Payment for deferred offering costs (1,013,493)
Net cash (used in)/provided by financing activities (248,898) 5,778,790
Effect of foreign currency exchange
NET CHANGE IN CASH (1,268,817) 1,432,380
Cash - Beginning of period 1,561,924 73,648
Cash - End of period 293,107 1,506,028
SUPPLEMENTAL CASH FLOW INFORMATION:    
Cash paid for interest
Cash paid for income taxes
Non-cash investing and financing activities:    
Issuance of warrants (equity classified) 409,191
Issuance of commitment shares $ 667,500
Issuance of RSUs 134,550 70
Issuance of pre-funded warrants $ 120
Issuance of common stock for warrants that can be exercised per the Resale S-1/A $ 4,000