10-Q Filing

ARVANA INC CIK: 1113313 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001607062-21-000277`
Period End Date	20210630
Filing Date	20210816
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	avni063021form10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 40 Cash Flow Statement 42 Stockholders Equity 21

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
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 shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	4.61M	shares	Point-in-time
Cash	`Cash`	$15.60K	USD	Point-in-time
Cash	`Cash`	$4.99K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	4.61M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	4.61M	shares	Point-in-time
Total assets	`Assets`	$15.60K	USD	Point-in-time
Total assets	`Assets`	$4.99K	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	4.61M	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`	$867.71K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$696.00K	USD	Point-in-time
Convertible loan (Note 8)	`ConvertibleDebtCurrent`	$107.80K	USD	Point-in-time
Convertible loan (Note 8)	`ConvertibleDebtCurrent`	$107.80K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$522.55K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$480.52K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$130.68K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$131.27K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$74.88K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$74.66K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$158.35K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$352.65K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.06M	USD	Point-in-time
Total current liabilities	`Liabilities`	$1.65M	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized,4,610,670 and 4,610,670 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$4.61K	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized,4,610,670 and 4,610,670 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$4.61K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.29M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.97M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.55M	USD	Point-in-time
Stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-1.63M	USD	Point-in-time
Stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-2.05M	USD	Point-in-time
Less: Treasury stock 2,085 common shares at ;June 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock 2,085 common shares at ;June 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$4.99K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$15.60K	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$11.46K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.75K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$23.16K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$7.11K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$21.21K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$13.89K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$17.96K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$6.22K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.65K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$17.68K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$41.11K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$28.32K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-41.11K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-28.32K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-17.65K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-17.68K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$26.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.13K	USD	1 Quarter
Interest expense	`InterestExpense`	$6.82K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$6.46K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-14.25K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$25.39K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-33.50K	USD	1 Quarter
Other income (Note 9)	`OtherIncome`	$458.83K	USD	2 Qtrs
Other income (Note 9)	`OtherIncome`	-	USD	2 Qtrs
Other income (Note 9)	`OtherIncome`	-	USD	1 Quarter
Other income (Note 9)	`OtherIncome`	$458.83K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$417.85K	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$420.11K	USD	1 Quarter
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-41.85K	USD	2 Qtrs
Net income (loss) and comprehensive income (loss)	`NetIncomeLoss`	$-64.31K	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.61M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.55M	shares	2 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.61M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.01M	shares	1 Quarter
Net income (loss) per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Net income (loss) per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net income (loss) per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	2 Qtrs
Net income (loss) per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the period	`NetIncomeLoss`	$417.85K	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$420.11K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-41.85K	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-64.31K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$19.12K	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-26.12K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$25.39K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.07K	USD	2 Qtrs
Other income	`OtherIncome`	$458.83K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Other income	`OtherIncome`	$458.83K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.24K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$42.03K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$8.49K	USD	2 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$8.33K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-26.54K	USD	2 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-5.52K	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`	$25.00K	USD	2 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$16.12K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$25.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.12K	USD	2 Qtrs
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.54K	USD	2 Qtrs
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$10.61K	USD	2 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.60K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$804.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.99K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.60K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$804.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.99K	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
Non-cash operating activities (Note 3, Note 9)	`NoncashOperatingActivitiesNote3`	$408.83K	USD	2 Qtrs
Non-cash operating activities (Note 3, Note 9)	`NoncashOperatingActivitiesNote3`	$37.10K	USD	2 Qtrs
Non-cash financing activities (Note 3, Note 9)	`NoncashFinancingActivitiesNote3`	$50.00K	USD	2 Qtrs
Non-cash financing activities (Note 3, Note 9)	`NoncashFinancingActivitiesNote3`	$60.00K	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Debt settlement	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	97,104.00	shares	1 Quarter
Debt settlement	`StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities`	543,145.00	shares	2 Qtrs
Debt settlement, shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$2.61M	USD	2 Qtrs
Debt settlement, shares	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$971.04K	USD	1 Quarter
Net income	`ProfitLoss`	$420.11K	USD	1 Quarter
Net income	`ProfitLoss`	$22.46K	USD	1 Quarter
Net income	`ProfitLoss`	$-64.31K	USD	1 Quarter
Net income	`ProfitLoss`	$-2.26K	USD	1 Quarter
Net income	`ProfitLoss`	$-435.75K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time

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