10-Q Filing

ARVANA INC CIK: 1113313 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001607062-19-000437`
Period End Date	20190930
Filing Date	20191113
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	avni-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 40 Cash Flow Statement 40

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`	$1.71K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$6.76K	USD	Point-in-time
Cash	`Cash`	$815.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Total assets	`Assets`	$6.76K	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 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`	$1.01M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.04M	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 loans (net of discount of $1,709 and $45,059, respectively (Note 8)	`ConvertibleDebtCurrent`	$62.74K	USD	Point-in-time
Convertible loans (net of discount of $1,709 and $45,059, respectively (Note 8)	`ConvertibleDebtCurrent`	$106.09K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$573.00K	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`	$129.84K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$84.36K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$47.33K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$502.13K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$491.17K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.43M	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 September 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 September 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`	$-23.71M	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 a 2,085 common shares at September 30, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock a 2,085 common shares at September 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`	$6.76K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$815.00	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$2.66K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$9.54K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$3.15K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$8.35K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$12.84K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$3.25K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$6.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.27K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$21.20K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$6.41K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.72K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$25.82K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-6.41K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-25.82K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-8.72K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-21.20K	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$86.75K	USD	3 Qtrs
Interest expense	`InterestExpense`	$28.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.55K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$31.57K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$9.04K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$44.50K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-7.95K	USD	1 Quarter
Gain on sale of subsidiaries	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	1 Quarter
Gain on sale of subsidiaries	`GainOrLossOnSaleOfStockInSubsidiary`	$114.24K	USD	1 Quarter
Gain on sale of subsidiaries	`GainOrLossOnSaleOfStockInSubsidiary`	$114.24K	USD	3 Qtrs
Gain on sale of subsidiaries	`GainOrLossOnSaleOfStockInSubsidiary`	-	USD	3 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$94.37K	USD	3 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$84.80K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-3.23K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-98.90K	USD	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	3 Qtrs
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`	1.03M	shares	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.10	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	3 Qtrs
Net loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$94.37K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$84.80K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-3.23K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-98.90K	USD	3 Qtrs
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	-	USD	3 Qtrs
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	$43.35K	USD	3 Qtrs
Interest expense	`InterestExpense`	$12.77K	USD	1 Quarter
Interest expense	`InterestExpense`	$86.75K	USD	3 Qtrs
Interest expense	`InterestExpense`	$28.40K	USD	1 Quarter
Interest expense	`InterestExpense`	$38.55K	USD	3 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-9.04K	USD	3 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$16.77K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-15.14K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.55K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-4.78K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$5.48K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-14.43K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-30.86K	USD	3 Qtrs
Cash disposed on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$-44.00	USD	3 Qtrs
Cash disposed on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	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`	$36.81K	USD	3 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$10.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$36.81K	USD	3 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.95K	USD	3 Qtrs
Change in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.47K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.76K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$257.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.76K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$257.00	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.