10-Q Filing

ARVANA INC CIK: 1113313 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001211524-14-000086`
Period End Date	20140630
Filing Date	20140814
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	avnii-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 32 Income Statement 32 Cash Flow Statement 20

Balance Sheet 32 line items

Line Item	Tag	Value	Unit	Period
Cash	`Cash`	$1.64K	USD	Point-in-time
Cash	`Cash`	$321.00	USD	Point-in-time
Total assets	`Assets`	$1.64K	USD	Point-in-time
Total assets	`Assets`	$321.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.06M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$666.51K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$683.69K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$34.95K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$34.87K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$144.40K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$144.37K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$493.53K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$493.72K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.40M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.43M	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`	$854.76K	USD	Point-in-time
Deficit accumulated during the development stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$889.82K	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.39M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.43M	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`	$-2.40M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.43M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$321.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.64K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$16.82K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$20.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$10.93K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$44.90K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$44.90K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$20.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.82K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$10.93K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-16.82K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-20.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.93K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-44.90K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.83K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.17K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.11K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.47K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$20.94K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$7.24K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-20.28K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$51.39K	USD	2 Qtrs
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-44.04K	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`	$-35.05K	USD	2 Qtrs
Net loss and comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-17.68K	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`	$-0.02	USD	2 Qtrs
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-17.68K	USD	2 Qtrs
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-35.05K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$4.90K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$50.46K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.82K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$29.46K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$1.05K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$34.47K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-4.22K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-18.08K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$4.08K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$19.40K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.08K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.40K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-136.00	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.32K	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$321.00	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$1.25K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$1.64K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$1.12K	USD	2 Qtrs

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