10-Q Filing

ARVANA INC CIK: 1113313 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001607062-17-000382`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	avni-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 36 Cash Flow Statement 34

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Convertible loan, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$2.08K	USD	Point-in-time
Convertible loan, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$14.58K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$6.04K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$8.62K	USD	Point-in-time
Total assets	`Assets`	$6.04K	USD	Point-in-time
Total assets	`Assets`	$8.62K	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
Common stock shares issued	`CommonStockSharesIssued`	1.03M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	1.03M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.05M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$955.63K	USD	Point-in-time
Convertible loan (net of discount of $2,082 and $14,583 respectively (Note 7)	`ConvertibleDebtCurrent`	$47.92K	USD	Point-in-time
Convertible loan (net of discount of $2,082 and $14,583 respectively (Note 7)	`ConvertibleDebtCurrent`	$35.42K	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$564.40K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$596.83K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$129.56K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$131.12K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$47.45K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$75.81K	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`	$548.40K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.45M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.26M	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 1,034,030 shares issued and outstanding at September 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 September 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`	$-23.48M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.66M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.25M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.44M	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at September 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at September 30, 2017 and December 31, 2016, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.44M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$6.04K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$8.62K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$9.14K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.51K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.76K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.98K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.26K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$12.58K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$3.20K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$3.38K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.72K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$24.77K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.96K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.36K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.72K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.36K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-6.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-24.77K	USD	3 Qtrs
Interest expense	`InterestExpense`	$17.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$36.41K	USD	3 Qtrs
Interest expense	`InterestExpense`	$50.53K	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.13K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-115.36K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-47.18K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$278.00	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-54.43K	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-187.60K	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-71.19K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-19.21K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-115.60K	USD	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-187.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-71.19K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-19.21K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-115.60K	USD	3 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$53.82K	USD	3 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$113.64K	USD	3 Qtrs
Accretion	`AccretionExpense`	-	USD	3 Qtrs
Accretion	`AccretionExpense`	$12.50K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.84K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.34K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$1.35K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$5.90K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-25.22K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-39.60K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Loans corresponding to MOU (Note 7)	`PaymentsForProceedsFromLoansReceivable`	$-50.00K	USD	3 Qtrs
Loans corresponding to MOU (Note 7)	`PaymentsForProceedsFromLoansReceivable`	$-27.80K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$50.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.80K	USD	3 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.58K	USD	3 Qtrs
Increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.40K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.62K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.46K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.04K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.62K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.46K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.04K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.00	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs

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