10-Q Filing

ARVANA INC CIK: 1113313 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001211524-16-000286`
Period End Date	20160630
Filing Date	20160815
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	avni-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 36 Cash Flow Statement 26

Balance Sheet 41 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`	$24.71K	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
Total assets	`Assets`	$24.71K	USD	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 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`	$1.06M	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
Other Short-term Borrowings	`OtherShortTermBorrowings`	$50.00K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$619.67K	USD	Point-in-time
Loans payable stockholders (Note 3)	`DueToOfficersOrStockholdersCurrent`	$627.35K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$28.94K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedPartyCurrent`	$30.37K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$147.22K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$147.74K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$434.33K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$450.30K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.25M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.37M	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`	$-23.41M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.51M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.25M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.34M	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`	$-2.35M	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`	$24.71K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$5.23K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.13K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.53K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$5.96K	USD	1 Quarter
Fees and Commissions	`FeesAndCommissions`	$3.23K	USD	2 Qtrs
Fees and Commissions	`FeesAndCommissions`	$8.88K	USD	2 Qtrs
Fees and Commissions	`FeesAndCommissions`	$7.10K	USD	1 Quarter
Fees and Commissions	`FeesAndCommissions`	$1.73K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.07K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.41K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$14.36K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.36K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-17.41K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-13.07K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$24.28K	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.07K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.16K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$12.20K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-54.70K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$97.03K	USD	2 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-31.66K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-12.95K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-50.79K	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-96.39K	USD	2 Qtrs
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$58.61K	USD	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	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
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.11	USD	2 Qtrs
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`	$0.06	USD	1 Quarter
Net loss per common share - basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$0.01	USD	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.95K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-50.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-96.39K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$58.61K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$97.19K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-54.36K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.77K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$29.95K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$911.00	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$933.00	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-25.35K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-7.71K	USD	2 Qtrs
Proceeds of loans payable stockholders	`ProceedsOfLoansPayableStockholders`	$10.00K	USD	2 Qtrs
Proceeds of loans payable related parties	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.29K	USD	2 Qtrs
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.65K	USD	2 Qtrs
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$53.00	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$24.71K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$4.17K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.88K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$53.00	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$24.71K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$4.17K	USD	Point-in-time
Cash and Cash Equivalents, at Carrying Value	`CashAndCashEquivalentsAtCarryingValue`	$1.88K	USD	Point-in-time

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