XML 101 R24.htm IDEA: XBRL DOCUMENT
v3.24.3

STOCKHOLDERS’ EQUITY (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Jul. 31, 2024 | Oct. 31, 2023
Equity [Abstract] |  |
SCHEDULE OF WARRANT ACTIVITY | A summary of the warrant activity during the nine months ended July 31, 2024 is presented below: SCHEDULE OF WARRANT ACTIVITY
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  | Weighted |  |  | Average |  |  |  |
|  | Number of |  |  | Average Exercise |  |  | Remaining Life |  |  |  |
|  | Warrants |  |  | Price |  |  | in Years |  |  | Intrinsic Value |
Outstanding November 1, 2023 |  |  | 88,336 |  |  | $ | 22.40 |  |  |  | 7.3 |  |  | $ | - |
Issued |  |  | 103,657 |  |  |  | 9.20 |  |  |  | 4.8 |  |  |  | - |
Outstanding, July 31, 2024 |  |  | 191,993 |  |  | $ | 15.20 |  |  |  | 4.0 |  |  | $ | 98,800 |
Exercisable, July 31, 2024 |  |  | 191,993 |  |  | $ | 15.20 |  |  |  | 4.0 |  |  | $ | 98,800 |
| A summary of the warrant activity during the years ended October 31, 2023 and 2022 is presented below: SCHEDULE OF WARRANT ACTIVITY
|  | Number of Warrants |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Life in Years |  |  | Intrinsic Value |
Outstanding, November 1, 2021 |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Issued |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding, November 1, 2022 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Issued |  |  | 238,803 |  |  | $ | 20.80 |  |  |  | 3.1 |  |  |  | - |
Exercised |  |  | (145,065 | ) |  | $ | 20.60 |  |  |  | - |  |  |  | - |
Cancelled |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Expired |  |  | (5,402 | ) |  |  | - |  |  |  | - |  |  |  | - |
Outstanding, October 31, 2023 |  |  | 88,336 |  |  | $ | 22.40 |  |  |  | 3.9 |  |  | $ | 211,200 |
Exercisable, October 31, 2023 |  |  | 88,336 |  |  | $ | 22.40 |  |  |  | 3.9 |  |  | $ | 211,200 |
SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS | A summary of outstanding and exercisable warrants as of July 31, 2024 is presented below: SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS
Warrants Outstanding |  |  | Warrants Exercisable |
|  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  |  | Average |  |  |  |
Exercise |  |  | Number of |  |  | Remaining |  |  | Number of |
Price |  |  | Shares |  |  | Life in Years |  |  | Shares |
$ | 0.20 |  |  |  | 20,000 |  |  |  | 3.7 |  |  |  | 20,000 |
$ | 30.00 |  |  |  | 20,000 |  |  |  | 0.4 |  |  |  | 20,000 |
$ | 66.00 |  |  |  | 5,000 |  |  |  | 3.7 |  |  |  | 5,000 |
$ | 24.00 |  |  |  | 43,336 |  |  |  | 4.2 |  |  |  | 43,336 |
$ | 1.32 |  |  |  | 4,167 |  |  |  | 4.2 |  |  |  | 4,167 |
$ | 10.00 |  |  |  | 22,279 |  |  |  | 4.4 |  |  |  | 22,279 |
$ | 11.00 |  |  |  | 2,750 |  |  |  | 4.4 |  |  |  | 2,750 |
$ | 8.00 |  |  |  | 74,461 |  |  |  | 4.9 |  |  |  | 74,461 |
|  |  |  |  | 191,993 |  |  |  | 4.0 |  |  |  | 191,993 |
| A summary of outstanding and exercisable warrants as of October 31, 2023 is presented below: SCHEDULE OF OUTSTANDING AND EXERCISABLE WARRANTS
| Warrants Outstanding |  |  |  | Warrants Exercisable |
|  |  |  |  |  |  |  |  | Weighted |  |  |  |  |
|  |  |  |  |  |  |  |  | Average |  |  |  |  |
| Exercise |  |  |  | Number of |  |  |  | Remaining |  |  |  | Number of |
| Price |  |  |  | Shares |  |  |  | Life in Years |  |  |  | Shares |
$ | 0.20 |  |  |  | 20,000 |  |  |  | 4.5 |  |  |  | 20,000 |
$ | 30.00 |  |  |  | 20,000 |  |  |  | 1.1 |  |  |  | 20,000 |
$ | 66.00 |  |  |  | 5,000 |  |  |  | 4.5 |  |  |  | 5,000 |
$ | 24.00 |  |  |  | 43,336 |  |  |  | 4.9 |  |  |  | 43,336 |
|  |  |  |  | 88,336 |  |  |  | 3.9 |  |  |  | 88,336 |
SCHEDULE OF STOCK OPTION ACTIVITY | A summary of the option activity during the nine months ended July 31, 2024 is presented below: SCHEDULE OF STOCK OPTION ACTIVITY
|  |  |  |  | Weighted |  |  | Weighted Average |  |  |  |
|  | Number of |  |  | Average |  |  | Remaining Life |  |  |  |
|  | Options |  |  | Exercise Price |  |  | in Years |  |  | Intrinsic Value |
Outstanding, November 1, 2021 |  |  | 6,000 |  |  | $ | 10.40 |  |  |  | 4.0 |  |  | $ | - |
Issued |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding July 31, 2024 |  |  | 6,000 |  |  | $ | 10.40 |  |  |  | 4.0 |  |  | $ | - |
Exercisable, July 31, 2024 |  |  | 5,250 |  |  | $ | 10.40 |  |  |  | 4.0 |  |  | $ | - |
| A summary of the option activity during the years ended October 31, 2023 and 2022 is presented below: SCHEDULE OF STOCK OPTION ACTIVITY
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Life in Years |  |  | Intrinsic Value |
Outstanding, November 1, 2021 |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Issued |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding, November 1, 2022 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Issued |  |  | 6,000 |  |  | $ | 10.40 |  |  |  | 4.8 |  |  |  | 1,800 |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Cancelled |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Expired |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding, October 31, 2023 |  |  | 6,000 |  |  | $ | 10.40 |  |  |  | 4.8 |  |  | $ | 1,800 |
Exercisable, October 31, 2023 |  |  | 4,500 |  |  | $ | 10.40 |  |  |  | 4.8 |  |  | $ | 1,350 |
SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS | A summary of outstanding and exercisable options as of July 31, 2024 is presented below: SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS
| Options Outstanding |  |  |  | Options Exercisable |
|  |  |  |  |  |  |  |  | Weighted Average |  |  |  |  |
| Exercise Price |  |  |  | Number of Shares |  |  |  | Remaining Life in Years |  |  |  | Number of Shares |
$ | 10.40 |  |  |  | 6,000 |  |  |  | 4.0 |  |  |  | 6,000 |
|  |  |  |  | 6,000 |  |  |  |  |  |  |  | 6,000 |
| A summary of outstanding and exercisable options as of October 31, 2023 and 2022 is presented below: SCHEDULE OF OUTSTANDING AND EXERCISABLE OPTIONS
| Options Outstanding |  |  |  | Options Exercisable |
|  |  |  |  |  |  |  |  | Weighted |  |  |  |  |
|  |  |  |  |  |  |  |  | Average |  |  |  |  |
| Exercise |  |  |  | Number of |  |  |  | Remaining |  |  |  | Number of |
| Price |  |  |  | Shares |  |  |  | Life in Years |  |  |  | Shares |
$ | 10.40 |  |  |  | 6,000 |  |  |  | 4.8 |  |  |  | 4,500 |
|  |  |  |  | 6,000 |  |  |  | 4.8 |  |  |  | 4,500 |
SCHEDULE OF ASSUMPTIONS USED IN BLACK-SCHOLES VALUATION METHOD FOR OPTIONS | The assumptions used in the Black-Scholes valuation method for these options issued in 2023 were as follows: SCHEDULE OF ASSUMPTIONS USED IN BLACK-SCHOLES VALUATION METHOD FOR OPTIONS
Risk free interest rate |  |  | 4.36 | %
Expected term (years) |  |  | 5.0 |
Expected volatility |  |  | 137.1 | %
Expected dividends rate |  |  | 0 | %
| The assumptions used in the Black-Scholes valuation method for these options issued in 2023 were as follows: SCHEDULE OF ASSUMPTIONS USED IN BLACK-SCHOLES VALUATION METHOD FOR OPTIONS
Risk free interest rate |  | 4.36%
Expected term (years) |  | 5.0
Expected volatility |  | 137.1%
Expected dividends |  | 0%

X
- Definition Schedule Of Stockholders Equity Note Outstanding And Exercisable Warrants Or Rights [Text Block] + References No definition available. + Details
Name: | TPET_ScheduleOfStockholdersEquityNoteOutstandingAndExercisableWarrantsOrRightsTextBlock
Namespace Prefix: | TPET_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration