10-Q Filing

ARVANA INC CIK: 1113313 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001607062-17-000268`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	avni-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 36 Cash Flow Statement 32

Balance Sheet 42 line items

Line Item	Tag	Value	Unit	Period
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$12.98K	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`	$6.04K	USD	Point-in-time
Total assets	`Assets`	$12.98K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	1.03M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	1.03M	shares	Point-in-time
Total assets	`Assets`	$6.04K	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$955.63K	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Convertible loan (net of discount of $6,249 and $14,583 respectively (Note 7)	`ConvertibleDebtCurrent`	$35.42K	USD	Point-in-time
Convertible loan (net of discount of $6,249 and $14,583 respectively (Note 7)	`ConvertibleDebtCurrent`	$43.75K	USD	Point-in-time
Loans payable stockholders (Note 3)	`OtherLoansPayableCurrent`	$585.66K	USD	Point-in-time
Loans payable stockholders (Note 3)	`OtherLoansPayableCurrent`	$564.40K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedParty`	$129.56K	USD	Point-in-time
Loans payable related party (Note 3)	`LoansPayableRelatedParty`	$130.27K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$65.51K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$47.45K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$525.95K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$537.42K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.26M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.38M	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 1,034,030 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively (Note 4)	`CommonStockValue`	$1.03K	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 1,034,030 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively (Note 4)	`CommonStockValue`	$1.03K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.23M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.23M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.59M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.48M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.25M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.37M	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at June 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.37M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.04K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$12.98K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$2.80K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.96K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.38K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$8.53K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.88K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$4.00K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.10K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.38K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$6.80K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$13.07K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.76K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$17.41K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-13.07K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.76K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.80K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-17.41K	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.87K	USD	1 Quarter
Interest expense	`InterestExpense`	$12.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$33.47K	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.28K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-68.18K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-54.70K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-51.48K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$12.20K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-96.39K	USD	2 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-12.95K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-75.15K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-116.41K	USD	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-116.41K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-96.39K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$67.10K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$54.36K	USD	2 Qtrs
Accretion	`AccretionExpense`	$8.33K	USD	2 Qtrs
Accretion	`AccretionExpense`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.77K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.21K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$911.00	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$3.91K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-10.86K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-25.35K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Loans corresponding to MOU (Note 7)	`PaymentsForProceedsFromLoansReceivable`	$-17.80K	USD	2 Qtrs
Loans corresponding to MOU (Note 7)	`PaymentsForProceedsFromLoansReceivable`	$-50.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$17.80K	USD	2 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.94K	USD	2 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$24.65K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$24.71K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.04K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.98K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$24.71K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.04K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.98K	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs

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