10-K Filing

ARVANA INC CIK: 1113313 FY 2019

Filing Information

Form Type	10-K
Accession Number	`0001607062-20-000078`
Period End Date	20191231
Filing Date	20200330
Fiscal Year	2019
Fiscal Period	FY
XBRL Instance	avni-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 26 Cash Flow Statement 46 Stockholders Equity 17

Balance Sheet 53 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`	-	USD	Point-in-time
Cash	`Cash`	$2.35K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.25	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`	$0.00	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$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
Common stock shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Total assets	`Assets`	$2.35K	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	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 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`	$1.01M	USD	Point-in-time
Treasury stock	`TreasuryStockShares`	2,085.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$974.01K	USD	Point-in-time
Convertible loans (net of discount of $45,059 and $nil, respectively (Note 9)	`ConvertibleDebtCurrent`	$107.80K	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`	$581.38K	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`	$130.25K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$47.33K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$84.51K	USD	Point-in-time
Amounts due to related parties (Note 8)	`DueToOtherRelatedPartiesClassifiedCurrent`	$491.17K	USD	Point-in-time
Amounts due to related parties (Note 8)	`DueToOtherRelatedPartiesClassifiedCurrent`	$338.11K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.33M	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.22M	USD	Point-in-time
Common stock, $0.001 par value 5,000,000 authorized, 1,034,030 shares issued and outstanding at December 31, 2019 and 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 December 31, 2019 and 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`	$-23.49M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.32M	USD	Point-in-time
Total Stockholders Deficit Before Treasury Stock	`TotalStockholdersDeficitBeforeTreasuryStock`	$-2.21M	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at December 31, 2018 and 2017, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock - 2,085 common shares at December 31, 2018 and 2017, respectively	`TreasuryStockValue`	$3.34K	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 stockholders' deficiency	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$815.00	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.35K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$20.93K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$12.05K	USD	Annual
Professional fees	`ProfessionalFees`	$31.49K	USD	Annual
Professional fees	`ProfessionalFees`	$29.82K	USD	Annual
Total operating expenses	`OperatingExpenses`	$52.42K	USD	Annual
Total operating expenses	`OperatingExpenses`	$41.87K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-41.87K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-52.42K	USD	Annual
Interest expense	`InterestExpense`	$102.54K	USD	Annual
Interest expense	`InterestExpense`	$63.95K	USD	Annual
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$85.09K	USD	Annual
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-20.10K	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Other income	`OtherIncome`	$287.32K	USD	Annual
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$112.25K	USD	Annual
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$93.51K	USD	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.03M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.03M	shares	Annual
Net income per common share - basic	`EarningsPerShareBasic`	$0.09	USD	Annual
Net income per common share - basic	`EarningsPerShareBasic`	$0.11	USD	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.58M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.35M	shares	Annual
Net income per common share - diluted	`EarningsPerShareDiluted`	$0.07	USD	Annual
Net income per common share - diluted	`EarningsPerShareDiluted`	$0.07	USD	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$112.25K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$93.51K	USD	Annual
Interest expense	`InterestAndDebtExpense`	$57.48K	USD	Annual
Interest expense	`InterestAndDebtExpense`	$51.21K	USD	Annual
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$85.09K	USD	Annual
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-20.10K	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	-	USD	Annual
Gain on sale of subsidiaries	`GainLossOnDispositionOfAssets1`	$114.24K	USD	Annual
Other income	`OtherIncome`	-	USD	Annual
Other income	`OtherIncome`	$287.32K	USD	Annual
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	$12.74K	USD	Annual
Amortization of discount on convertible loan	`AmortizationOfDebtDiscountPremium`	$45.06K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.97K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.37K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$10.37K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$3.17K	USD	Annual
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-33.87K	USD	Annual
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-35.28K	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`	$36.81K	USD	Annual
Proceeds of loans payable	`ProceedsOfLoansPayable`	-	USD	Annual
Proceeds of convertible loan	`ProceedsFromConvertibleDebt`	$30.00K	USD	Annual
Proceeds of convertible loan	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$36.81K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.53K	USD	Annual
Increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.92K	USD	Annual
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$4.73K	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$815.00	USD	Point-in-time
Cash, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	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, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for interest	`InterestPaidNet`	-	USD	Annual
Cash paid for income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Cash paid for income taxes paid	`IncomeTaxesPaid`	-	USD	Annual
Accounts payable and accrued liabilities written off	`AccountsPayableAndAccruedLiabilitiesWrittenOff`	-	USD	Annual
Accounts payable and accrued liabilities written off	`AccountsPayableAndAccruedLiabilitiesWrittenOff`	$287.32K	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`	-	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
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
Beginning Balance, Value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Beginning Balance, Value	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Debt settlement, value	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	34,247.00	shares	Annual
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeatures`	$25.00K	USD	Annual
Discount on convertible notes from beneficial conversion feature	`DiscountOnConvertibleNotesFromBeneficialConversionFeatures`	$57.80K	USD	Annual
Net Loss	`ProfitLoss`	$-224.91K	USD	Annual
Net Loss	`ProfitLoss`	$112.25K	USD	Annual
Net Loss	`ProfitLoss`	$-62.53K	USD	Annual
Net Loss	`ProfitLoss`	$93.51K	USD	Annual
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
Ending Balance, Value	`StockholdersEquity`	$-2.25M	USD	Point-in-time
Ending Balance, Value	`StockholdersEquity`	$-2.21M	USD	Point-in-time

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