10-Q Filing

ARVANA INC CIK: 1113313 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001211524-12-000113`
Period End Date	20120331
Filing Date	20120511
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	avni-20120331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 23 Cash Flow Statement 31

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$1.73K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$1.71K	USD	Point-in-time
Total assets	`Assets`	$1.73K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	885,130.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	885,130.00	shares	Point-in-time
Total assets	`Assets`	$1.71K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	885,130.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	885,130.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$695.55K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$725.76K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$614.27K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$604.93K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$118.83K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$119.03K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$44.83K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$45.02K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$591.73K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$516.72K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.10M	USD	Point-in-time
Total current liabilities	`Liabilities`	$1.98M	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 885,130 and 1,060,130 shares issued and outstanding at December 31, 2011 and 2010, respectively (Note 4)	`CommonStockValue`	$885.00	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 885,130 and 1,060,130 shares issued and outstanding at December 31, 2011 and 2010, respectively (Note 4)	`CommonStockValue`	$885.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.17M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.17M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-22.71M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-22.71M	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$552.85K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$437.88K	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-1.98M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.09M	USD	Point-in-time
Less: Treasury stock - 2,085 and 177,085 common shares at December 31, 2011 and 2010, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 and 177,085 common shares at December 31, 2011 and 2010, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.98M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.73K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.71K	USD	Point-in-time

Income Statement 23 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$53.79K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$77.12K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$418.27K	USD	9 Qtrs
Depreciation	`DepreciationAndAmortization`	$103.00	USD	9 Qtrs
Total operating expenses	`OperatingExpenses`	$77.12K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$481.38K	USD	9 Qtrs
Total operating expenses	`OperatingExpenses`	$53.79K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-77.12K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-481.38K	USD	9 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-53.79K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.68K	USD	1 Quarter
Interest expense	`InterestExpense`	$100.38K	USD	9 Qtrs
Interest expense	`InterestExpense`	$11.23K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-26.18K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$28.90K	USD	9 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-41.89K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-106.92K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-114.97K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-552.85K	USD	9 Qtrs
Weighted average shares outstanding (in shares)	`WeightedAverageSharesOutstanding`	1.06M	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageSharesOutstanding`	885,130.00	shares	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-114.97K	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-106.92K	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-552.85K	USD	9 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$103.00	USD	9 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-41.27K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-26.00K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$24.81K	USD	9 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$31.43K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$125.89K	USD	9 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.56K	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$368.12K	USD	9 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$69.38K	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$34.19K	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-27.00	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-83.56K	USD	9 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-27.00	USD	1 Quarter
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$10.00K	USD	1 Quarter
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$21.06K	USD	9 Qtrs
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$18.83K	USD	9 Qtrs
Proceeds of loans payable	`ProceedsFromIssuanceOfDebt`	$44.83K	USD	9 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.73K	USD	9 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.97K	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.17K	USD	9 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-27.00	USD	1 Quarter
Cash beginning of year	`CashBeginningOfYear`	$1.73K	USD	1 Quarter
Cash beginning of year	`CashBeginningOfYear`	$534.00	USD	9 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$2.07K	USD	1 Quarter
Cash end of Year	`CashEndOfYear`	$12.05K	USD	1 Quarter
Cash end of Year	`CashEndOfYear`	$1.71K	USD	9 Qtrs
Cash end of Year	`CashEndOfYear`	$1.71K	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.