v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2025
Oct. 31, 2024
Current assets:    
Cash $ 1,457,056 $ 285,945
Prepaid expenses 250,051 279,274
Accounts receivable 31,571
Total current assets 1,738,678 565,219
Oil and gas properties - not subject to amortization 12,032,132 11,119,119
Total assets 13,770,810 11,684,338
Current liabilities:    
Accounts payable and accrued liabilities 1,137,168 1,036,291
Asset retirement obligations - current 2,778 2,778
Convertible note, net of discounts 573,770
Due to operators 46,967 103,146
Promissory notes, net of discounts 15,361 742,852
Other current liabilities 159,303 454,966
Total current liabilities 2,270,661 2,590,699
Long-term liabilities:    
Asset retirement obligations, net of current portion 52,480 51,091
 Total non-current liabilities 52,480 51,091
Total liabilities 2,323,141 2,641,790
Commitments and Contingencies(Note 8)
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
Related Party [Member]    
Current liabilities:    
Payable - related party 115,666
Note payable - related party 135,000
Deferred consideration payable $ 335,314