10-Q Filing

ARVANA INC CIK: 1113313 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001211524-16-000229`
Period End Date	20160331
Filing Date	20160520
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	avni-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 18 Cash Flow Statement 24

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
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash	`Cash`	$53.00	USD	Point-in-time
Cash	`Cash`	$20.03K	USD	Point-in-time
Total assets	`Assets`	$20.03K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	885,130.00	shares	Point-in-time
Total assets	`Assets`	$53.00	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
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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.07M	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$619.67K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$635.08K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$28.94K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$30.25K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$147.22K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$167.70K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$448.62K	USD	Point-in-time
Amounts due to related parties (Note 3and 6)	`DueToOtherRelatedPartiesClassifiedCurrent`	$434.33K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.35M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.25M	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`	$-23.50M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.41M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.33M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.25M	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`	$-2.33M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$53.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$20.03K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$2.57K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.90K	USD	1 Quarter
Fees and Commissions	`FeesAndCommissions`	$1.50K	USD	1 Quarter
Fees and Commissions	`FeesAndCommissions`	$1.77K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.34K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.40K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.40K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-4.34K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.20K	USD	1 Quarter
Interest expense	`InterestExpense`	$11.90K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$128.70K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-66.90K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$109.39K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-83.44K	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	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-83.44K	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$109.39K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-125.44K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-65.97K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.78K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$16.99K	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$462.00	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$454.00	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-1.81K	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-23.00	USD	1 Quarter
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$10.00K	USD	1 Quarter
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$20.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.98K	USD	1 Quarter
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.19K	USD	1 Quarter
Cash beginning of year	`CashBeginningOfYear`	$53.00	USD	1 Quarter
Cash beginning of year	`CashBeginningOfYear`	$1.88K	USD	1 Quarter
Cash end of Year	`CashEndOfYear`	$10.07K	USD	1 Quarter
Cash end of Year	`CashEndOfYear`	$20.03K	USD	1 Quarter
Decrease in accounts payable due to related parties due to debt assignment	`DecreaseInAccountsPayableDueToDebtAssignment`	$252.51K	USD	1 Quarter
Decrease in accounts payable due to related parties due to debt assignment	`DecreaseInAccountsPayableDueToDebtAssignment`	$252.51K	USD	1 Quarter
Decrease in loans payable due to related parties due to debt assignment	`DecreaseInLoansPayableDueToDebtAssignment`	$100.00K	USD	1 Quarter
Decrease in loans payable due to related parties due to debt assignment	`DecreaseInLoansPayableDueToDebtAssignment`	$100.00K	USD	1 Quarter

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