10-K Filing

ARVANA INC CIK: 1113313 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001607062-19-000148`
Period End Date	20181231
Filing Date	20190415
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	avni-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 52 Income Statement 21 Cash Flow Statement 44 Stockholders Equity 18

Balance Sheet 52 line items

Line Item	Tag	Value	Unit	Period
Convertible loan, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Convertible loan, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$45.06K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.25	USD	Point-in-time
Cash	`Cash`	$815.00	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 par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total assets	`Assets`	$815.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	2,500.00	shares	Point-in-time
Total assets	`Assets`	$4.73K	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 authorized	`CommonStockSharesAuthorized`	100.00M	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
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Convertible loans (net of discount of $45,059 and $nil, respectively (Note 9)	`ConvertibleDebtCurrent`	$50.00K	USD	Point-in-time
Convertible loans (net of discount of $45,059 and $nil, respectively (Note 9)	`ConvertibleDebtCurrent`	$62.74K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$600.65K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$583.59K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$129.23K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$131.00K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$47.33K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$75.81K	USD	Point-in-time
Amounts due to related parties (Note 8)	`DueToOtherRelatedPartiesClassifiedCurrent`	$549.13K	USD	Point-in-time
Amounts due to related parties (Note 8)	`DueToOtherRelatedPartiesClassifiedCurrent`	$491.17K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.33M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.48M	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 1,034,030 shares issued and outstanding at December 31, 2018 and 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 December 31, 2018 and 2017, respectively	`CommonStockValue`	$1.03K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.23M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.61M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.70M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.47M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.32M	USD	Point-in-time
Less: Treasury stock a 2,085 common shares at December 31, 2018 and 2017, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock a 2,085 common shares at December 31, 2018 and 2017, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.48M	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`	$4.73K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$815.00	USD	Point-in-time

Income Statement 21 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$11.71K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.05K	USD	Annual
Professional fees	`ProfessionalFees`	$27.28K	USD	Annual
Professional fees	`ProfessionalFees`	$29.82K	USD	Annual
Total operating expenses	`OperatingExpenses`	$41.87K	USD	Annual
Total operating expenses	`OperatingExpenses`	$38.99K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-38.99K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-41.87K	USD	Annual
Interest expense	`InterestExpense`	$63.95K	USD	Annual
Interest expense	`InterestExpense`	$65.55K	USD	Annual
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$85.09K	USD	Annual
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-120.37K	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-224.91K	USD	Annual
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-62.53K	USD	Annual
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$93.51K	USD	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	Annual
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	Annual
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-224.91K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-62.53K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$93.51K	USD	Annual
Interest expense	`InterestExpense`	$63.95K	USD	Annual
Interest expense	`InterestExpense`	$65.55K	USD	Annual
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-85.09K	USD	Annual
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$118.49K	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	$14.58K	USD	Annual
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	$12.74K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.37K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$54.87K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$7.86K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$10.37K	USD	Annual
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-29.11K	USD	Annual
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-33.87K	USD	Annual
Cash disposed on sale of subsidiaries	`CashDisposedOnSaleOfSubsidiaries`	$-44.00	USD	Annual
Cash disposed on sale of subsidiaries	`CashDisposedOnSaleOfSubsidiaries`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-44.00	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds of loans payable	`ProceedsOfLoansPayable`	-	USD	Annual
Proceeds of loans payable	`ProceedsOfLoansPayable`	$27.80K	USD	Annual
Proceeds of convertible loan	`ProceedsOfConvertibleLoan`	-	USD	Annual
Proceeds of convertible loan	`ProceedsOfConvertibleLoan`	$30.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$27.80K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.31K	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.92K	USD	Annual
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.04K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash, end 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`	$815.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	Annual
Accounts payable and accrued liabilities settled as consideration for the sale of subsidiaries	`AccountsPayableAndAccruedLiabilitiesSettledAsConsiderationForSaleOfSubsidiaries`	-	USD	Annual
Accounts payable and accrued liabilities settled as consideration for the sale of subsidiaries	`AccountsPayableAndAccruedLiabilitiesSettledAsConsiderationForSaleOfSubsidiaries`	$23.21K	USD	Annual
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeature`	$57.80K	USD	Annual
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeature`	$25.00K	USD	Annual
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeature`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Shares	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Beginning Balance, Shares	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-2.48M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-2.33M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeature`	$57.80K	USD	Annual
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeature`	$25.00K	USD	Annual
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeature`	-	USD	Annual
Net Loss	`NetIncomeLoss`	$-224.91K	USD	Annual
Net Loss	`NetIncomeLoss`	$-62.53K	USD	Annual
Net Loss	`NetIncomeLoss`	$93.51K	USD	Annual
Ending Balance, Shares	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Ending Balance, Shares	`CommonStockSharesOutstanding`	1.03M	shares	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-2.48M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-2.33M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-2.25M	USD	Point-in-time

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