10-Q Filing

ARVANA INC CIK: 1113313 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001607062-18-000428`
Period End Date	20180930
Filing Date	20181119
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	avni-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 40 Cash Flow Statement 42

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Convertible loan, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	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`	$257.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$4.73K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Total assets	`Assets`	$4.73K	USD	Point-in-time
Total assets	`Assets`	$257.00	USD	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`	$1.08M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.03M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Convertible loan (net of discount of $nil and $14,583 respectively (Note 8)	`ConvertibleDebtCurrent`	$50.00K	USD	Point-in-time
Convertible loan (net of discount of $nil and $14,583 respectively (Note 8)	`ConvertibleDebtCurrent`	$50.00K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$600.65K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$590.03K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$131.00K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$130.32K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$75.81K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$85.53K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$499.34K	USD	Point-in-time
Amounts due to related parties (Note 3)	`DueToOtherRelatedPartiesClassifiedCurrent`	$549.13K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.48M	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 September 30, 2018 and December 31, 2017, respectively	`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, 2018 and December 31, 2017, respectively	`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`	$-23.70M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.61M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.38M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.47M	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at September 30, 2018 and December 31, 2017, respectively.	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at September 30, 2018 and December 31, 2017, respectively.	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.38M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.48M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.73K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$257.00	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$3.76K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.14K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.54K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$6.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.27K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$12.58K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$3.20K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$21.72K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$8.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$25.82K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.96K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.72K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.82K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-21.72K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.96K	USD	1 Quarter
Interest expense	`InterestExpense`	$17.06K	USD	1 Quarter
Interest expense	`InterestExpense`	$50.53K	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.55K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-47.18K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-115.36K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-7.95K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$44.50K	USD	3 Qtrs
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	3 Qtrs
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	1 Quarter
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-187.60K	USD	3 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$84.80K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$94.37K	USD	3 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-71.19K	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	885,130.00	shares	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	3 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-187.60K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$84.80K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$94.37K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-71.19K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$16.77K	USD	3 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$113.64K	USD	3 Qtrs
Accretion	`AccretionExpense`	-	USD	3 Qtrs
Accretion	`AccretionExpense`	$12.50K	USD	3 Qtrs
Accretion	`AccretionExpense`	-	USD	1 Quarter
Accretion	`AccretionExpense`	$4.17K	USD	1 Quarter
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	3 Qtrs
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	1 Quarter
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	3 Qtrs
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.34K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.55K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$5.90K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-4.78K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-25.22K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-14.43K	USD	3 Qtrs
Cash disposed on sale of subsidiaries	`CashDisposedOnSaleOfSubsidiaries`	$-44.00	USD	3 Qtrs
Cash disposed on sale of subsidiaries	`CashDisposedOnSaleOfSubsidiaries`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.00	USD	3 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$10.00K	USD	3 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$27.80K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.80K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	3 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.58K	USD	3 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.47K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.04K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$257.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$8.62K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.04K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$257.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$8.62K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	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.