10-Q Filing

ARVANA INC CIK: 1113313 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001607062-19-000340`
Period End Date	20190630
Filing Date	20190815
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	avni-20190630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 36 Cash Flow Statement 38

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`	$16.16K	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
Cash	`Cash`	$617.00	USD	Point-in-time
Cash	`Cash`	$815.00	USD	Point-in-time
Total assets	`Assets`	$617.00	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`	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
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`	$1.06M	USD	Point-in-time
Convertible loans (net of discount of $16,159 and $45,059, respectively (Note 8)	`ConvertibleDebtCurrent`	$62.74K	USD	Point-in-time
Convertible loans (net of discount of $16,159 and $45,059, respectively (Note 8)	`ConvertibleDebtCurrent`	$91.64K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$583.59K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$584.29K	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`	$130.09K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$58.74K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$47.33K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$491.17K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$500.59K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.42M	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 June 30, 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 June 30, 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`	$-23.70M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.42M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.32M	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at June 30, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at June 30, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.42M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.33M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$617.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$815.00	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$3.34K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$5.20K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$6.88K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.59K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.67K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$9.59K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$4.88K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$10.21K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$10.02K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$14.79K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$7.46K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.10K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-10.02K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-17.10K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-7.46K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.79K	USD	2 Qtrs
Interest expense	`InterestExpense`	$28.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.78K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$58.35K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-22.53K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$52.45K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$48.27K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-20.76K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$25.48K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$9.57K	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-95.67K	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-56.80K	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	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`	$-0.09	USD	2 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.01	USD	2 Qtrs

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$25.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$9.57K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-95.67K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-56.80K	USD	1 Quarter
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	-	USD	2 Qtrs
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	$28.90K	USD	2 Qtrs
Interest expense	`InterestExpense`	$28.57K	USD	1 Quarter
Interest expense	`InterestExpense`	$25.78K	USD	2 Qtrs
Interest expense	`InterestExpense`	$12.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$58.35K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$28.67K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$22.53K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.79K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-34.01K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$1.70K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-18.31K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-11.30K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-14.08K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$11.10K	USD	2 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$10.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.10K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	2 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-198.00	USD	2 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.08K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$652.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$617.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$652.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$617.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	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.