10-Q Filing

ARVANA INC CIK: 1113313 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001211524-13-000205`
Period End Date	20130630
Filing Date	20130813
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	avni-20130630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 39 Cash Flow Statement 34

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`	$1.25K	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
Cash	`Cash`	$1.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	885,130.00	shares	Point-in-time
Total assets	`Assets`	$1.25K	USD	Point-in-time
Total assets	`Assets`	$1.12K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	885,130.00	shares	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`	$1.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	-3,336.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	-3,336.00	shares	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$631.63K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$627.85K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$36.74K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$35.24K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$145.05K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$144.51K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$495.53K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$475.31K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.31M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.32M	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 885,130 shares issued and outstanding at December 31, 2011, respectively (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, 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`	$781.25K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$763.57K	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.30M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.32M	USD	Point-in-time
Less: Treasury stock - 2,085 at December 31, 2012 and 2011, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 at December 31, 2012 and 2011, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.32M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.30M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.25K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.12K	USD	Point-in-time

Income Statement 39 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$44.90K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$707.60K	USD	14 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$63.47K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$20.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$140.59K	USD	2 Qtrs
Depreciation	`DepreciationAndAmortization`	$103.00	USD	14 Qtrs
Total operating expenses	`OperatingExpenses`	$140.59K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$63.47K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.90K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$20.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$706.70K	USD	14 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-20.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-44.90K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-63.47K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-140.59K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-706.70K	USD	14 Qtrs
Interest expense	`InterestExpense`	$11.74K	USD	1 Quarter
Interest expense	`InterestExpense`	$160.85K	USD	14 Qtrs
Interest expense	`InterestExpense`	$12.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$23.42K	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.17K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$43.72K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$20.94K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$17.55K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$86.30K	USD	14 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$51.39K	USD	2 Qtrs
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-17.68K	USD	2 Qtrs
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-31.49K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-12.13K	USD	1 Quarter
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-781.25K	USD	14 Qtrs
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-146.46K	USD	2 Qtrs
Weighted average shares outstanding (in shares)	`WeightedAverageSharesOutstanding`	885,130.00	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageSharesOutstanding`	885,130.00	shares	1 Quarter
Weighted average shares outstanding (in shares)	`WeightedAverageSharesOutstanding`	885,130.00	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`	$-0.01	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`	$-0.02	USD	2 Qtrs
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter

Cash Flow Statement 34 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`	$-781.25K	USD	14 Qtrs
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-17.68K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$103.00	USD	14 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$82.93K	USD	14 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$50.46K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$15.54K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$439.48K	USD	14 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.61K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$29.46K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$298.14K	USD	14 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$34.47K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$111.91K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-126.47K	USD	14 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-28.49K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-4.22K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$4.08K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$14.82K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$41.61K	USD	14 Qtrs
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$14.73K	USD	2 Qtrs
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$36.52K	USD	14 Qtrs
Proceeds of loans payable	`ProceedsFromIssuanceOfDebt`	$48.91K	USD	14 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.08K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$127.05K	USD	14 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$29.55K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$584.00	USD	14 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.06K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-136.00	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$1.73K	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$534.00	USD	14 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$1.25K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$2.80K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$1.12K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$1.12K	USD	14 Qtrs

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