10-Q Filing

ARVANA INC CIK: 1113313 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001211524-12-000167`
Period End Date	20120630
Filing Date	20120814
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	avni-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 39 Cash Flow Statement 40

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
Cash	`Cash`	$2.80K	USD	Point-in-time
Cash	`Cash`	$1.73K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	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`	$2.80K	USD	Point-in-time
Total assets	`Assets`	$1.73K	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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$961.15K	USD	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
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$612.84K	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`	$33.55K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$44.83K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$144.82K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$376.02K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$516.72K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.13M	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 shares issued and outstanding at December 31, 2011 (Note 4)	`CommonStockValue`	$885.00	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 885,130 shares issued and outstanding at December 31, 2011 (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`	$584.34K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$437.88K	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.12M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-1.98M	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`	$-1.98M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.13M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.73K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.80K	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$140.59K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$63.47K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$88.48K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$544.74K	USD	10 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$142.27K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$103.00	USD	10 Qtrs
Total operating expenses	`OperatingExpenses`	$142.27K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$88.48K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$63.47K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$544.85K	USD	10 Qtrs
Total operating expenses	`OperatingExpenses`	$140.59K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-63.47K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-88.48K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-142.27K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-544.85K	USD	10 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-140.59K	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.42K	USD	2 Qtrs
Interest expense	`InterestExpense`	$11.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$112.12K	USD	10 Qtrs
Interest expense	`InterestExpense`	$11.75K	USD	1 Quarter
Interest expense	`InterestExpense`	$22.98K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-60.29K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-18.41K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$17.55K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$76.62K	USD	10 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$43.72K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-31.49K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-584.34K	USD	10 Qtrs
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-118.64K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-225.55K	USD	2 Qtrs
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-146.46K	USD	2 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
Weighted average shares outstanding (in shares)	`WeightedAverageSharesOutstanding`	1.06M	shares	2 Qtrs
Weighted average shares outstanding (in shares)	`WeightedAverageSharesOutstanding`	885,130.00	shares	2 Qtrs
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.17	USD	2 Qtrs
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	2 Qtrs
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-146.46K	USD	2 Qtrs
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-584.34K	USD	10 Qtrs
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-225.55K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$103.00	USD	10 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-58.41K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$15.54K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$66.35K	USD	10 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$127.93K	USD	10 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.61K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$28.00K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$410.64K	USD	10 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$111.91K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$108.05K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-31.09K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-28.49K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-112.02K	USD	10 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$35.88K	USD	10 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$14.82K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$5.18K	USD	2 Qtrs
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$14.73K	USD	2 Qtrs
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$33.57K	USD	10 Qtrs
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$15.37K	USD	2 Qtrs
Proceeds of loans payable	`ProceedsFromIssuanceOfDebt`	$20.74K	USD	2 Qtrs
Proceeds of loans payable	`ProceedsFromIssuanceOfDebt`	$44.83K	USD	10 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.55K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$41.29K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$114.28K	USD	10 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.20K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.06K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.26K	USD	10 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$1.73K	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$2.07K	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$534.00	USD	10 Qtrs
Cash end of Year	`CashEndOfYear`	$12.27K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$2.80K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$2.80K	USD	10 Qtrs
Decrease in accounts payable due to related parties due to debt assignment	`DecreaseInAccountsPayableDueToDebtAssignment`	$252.51K	USD	2 Qtrs
Decrease in accounts payable due to related parties due to debt assignment	`DecreaseInAccountsPayableDueToDebtAssignment`	$252.51K	USD	10 Qtrs
Decrease in loans payable due to related parties due to debt assignment	`DecreaseInLoansPayableDueToDebtAssignment`	$100.00K	USD	2 Qtrs
Decrease in loans payable due to related parties due to debt assignment	`DecreaseInLoansPayableDueToDebtAssignment`	$100.00K	USD	10 Qtrs

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