10-Q Filing

ARVANA INC CIK: 1113313 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001607062-19-000225`
Period End Date	20190331
Filing Date	20190517
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	avni-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 18 Cash Flow Statement 34

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Convertible loan, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$45.06K	USD	Point-in-time
Convertible loan, net of discount	`DebtInstrumentUnamortizedDiscountCurrent`	$30.61K	USD	Point-in-time
Cash	`Cash`	$815.00	USD	Point-in-time
Cash	`Cash`	$997.00	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
Total assets	`Assets`	$997.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	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 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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.03M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.01M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Convertible loans (net of discount of $30,609 and $45,059, respectively (Note 8)	`ConvertibleDebtCurrent`	$62.74K	USD	Point-in-time
Convertible loans (net of discount of $30,609 and $45,059, respectively (Note 8)	`ConvertibleDebtCurrent`	$77.19K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$583.59K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$579.79K	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`	$129.65K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$53.08K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$47.33K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$494.57K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$491.17K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.37M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.33M	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 1,034,030 shares issued and outstanding at March 31, 2019 and December 31, 2018, 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 March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$1.03K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.28M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.61M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.65M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.32M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.36M	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.33M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.36M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$997.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$815.00	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$2.61K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$3.54K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$4.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.08K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$7.33K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.33K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-7.08K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.01K	USD	1 Quarter
Interest expense	`InterestExpense`	$29.77K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-1.77K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$4.18K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-38.87K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-15.91K	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-38.87K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.91K	USD	1 Quarter
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	$14.45K	USD	1 Quarter
Interest expense	`InterestExpense`	$13.01K	USD	1 Quarter
Interest expense	`InterestExpense`	$29.77K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$1.77K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$12.26K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.31K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$13.33K	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-10.71K	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-399.00	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-1.02K	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-5.42K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds of loans payable	`ProceedsOfLoansPayable`	-	USD	1 Quarter
Proceeds of loans payable	`ProceedsOfLoansPayable`	$5.60K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.60K	USD	1 Quarter
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.02K	USD	1 Quarter
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$182.00	USD	1 Quarter
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$997.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$997.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.71K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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