10-Q Filing

ARVANA INC CIK: 1113313 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001211524-15-000110`
Period End Date	20150630
Filing Date	20150817
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	avni-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 36 Cash Flow Statement 20

Balance Sheet 40 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`	$4.17K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$1.88K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	885,130.00	shares	Point-in-time
Total assets	`Assets`	$1.88K	USD	Point-in-time
Total assets	`Assets`	$4.17K	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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.04M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	-3,336.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	-3,336.00	shares	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$647.70K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$631.91K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$31.10K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$32.79K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$148.01K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$148.62K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$472.99K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$456.14K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.29M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.34M	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`	$-23.45M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.51M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.34M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.28M	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`	$-2.28M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.34M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$1.88K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.17K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$11.13K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.43K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.45K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.23K	USD	1 Quarter
Fees and Commissions	`FeesAndCommissions`	$7.37K	USD	2 Qtrs
Fees and Commissions	`FeesAndCommissions`	$4.50K	USD	1 Quarter
Fees and Commissions	`FeesAndCommissions`	$1.73K	USD	1 Quarter
Fees and Commissions	`FeesAndCommissions`	$3.23K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.36K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$10.93K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$16.82K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-10.93K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-16.82K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.36K	USD	2 Qtrs
Interest expense	`InterestExpense`	$25.47K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.83K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.16K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$97.03K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$7.24K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-20.28K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-31.66K	USD	1 Quarter
Net loss and comprehensive loss for the year	`NetIncomeLoss`	$-50.79K	USD	1 Quarter
Net loss and comprehensive loss for the year	`NetIncomeLoss`	$58.61K	USD	2 Qtrs
Net loss and comprehensive loss for the year	`NetIncomeLoss`	$-35.05K	USD	2 Qtrs
Net loss and comprehensive loss for the year	`NetIncomeLoss`	$-44.04K	USD	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
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`	$0.07	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`	$-0.06	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	2 Qtrs

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-35.05K	USD	2 Qtrs
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$58.61K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$97.19K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$4.90K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$29.95K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.82K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$1.05K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$933.00	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-7.71K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-18.08K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$19.40K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$10.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$19.40K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.32K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.29K	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$321.00	USD	2 Qtrs
Cash beginning of year	`CashBeginningOfYear`	$1.88K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$1.64K	USD	2 Qtrs
Cash end of Year	`CashEndOfYear`	$4.17K	USD	2 Qtrs

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