10-K Filing

ARVANA INC CIK: 1113313 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001607062-22-000298`
Period End Date	20211231
Filing Date	20220421
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	avni123121form10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 26 Cash Flow Statement 40 Stockholders Equity 10

Balance Sheet 43 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 shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$4.99K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	34.15M	shares	Point-in-time
Cash	`Cash`	$3.34K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	4.61M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	4.61M	shares	Point-in-time
Total assets	`Assets`	$3.34K	USD	Point-in-time
Total assets	`Assets`	$4.99K	USD	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`	$54.93K	USD	Point-in-time
Convertible loans (Note 9)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible loans (Note 9)	`ConvertibleDebtCurrent`	$107.80K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$15.50K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$522.55K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$300.00	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$130.68K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$74.66K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	-	USD	Point-in-time
Amounts due to related parties (Note 8)	`DueToOtherRelatedPartiesClassifiedCurrent`	$352.65K	USD	Point-in-time
Amounts due to related parties (Note 8)	`DueToOtherRelatedPartiesClassifiedCurrent`	$34.19K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.06M	USD	Point-in-time
Total current liabilities	`Liabilities`	$104.92K	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized, 34,148,518 and 4,610,670 shares issued and outstanding at December 31, 2021 and 2020, respectively	`CommonStockValue`	$34.15K	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized, 34,148,518 and 4,610,670 shares issued and outstanding at December 31, 2021 and 2020, respectively	`CommonStockValue`	$4.61K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$35.96M	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`	$-36.09M	USD	Point-in-time
Total Stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-2.05M	USD	Point-in-time
Total Stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-98.25K	USD	Point-in-time
Less: Treasury stock 2,085 common shares at December 31, 2021 and 2020, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock 2,085 common shares at December 31, 2021 and 2020, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$4.99K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.34K	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$38.04K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$15.61K	USD	Annual
Professional fees	`ProfessionalFees`	$87.10K	USD	Annual
Professional fees	`ProfessionalFees`	$40.32K	USD	Annual
Total operating expenses	`OperatingExpenses`	$78.36K	USD	Annual
Total operating expenses	`OperatingExpenses`	$102.70K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-102.70K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-78.36K	USD	Annual
Interest expense (Notes 3 and 9)	`InterestExpense`	$19.21K	USD	Annual
Interest expense (Notes 3 and 9)	`InterestExpense`	$51.90K	USD	Annual
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-64.75K	USD	Annual
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$6.71K	USD	Annual
Loss on debt settlement (Note 3)	`LossOnDebtSettlement`	$-282.60K	USD	Annual
Loss on debt settlement (Note 3)	`LossOnDebtSettlement`	$-12.46M	USD	Annual
Other income (Note 10)	`OtherIncome`	$458.83K	USD	Annual
Other income (Note 10)	`OtherIncome`	-	USD	Annual
Net income and comprehensive income (loss)	`NetIncomeLoss`	$-12.12M	USD	Annual
Net income and comprehensive income (loss)	`NetIncomeLoss`	$-477.60K	USD	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.88M	shares	Annual
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.88M	shares	Annual
Net income per common share basic	`EarningsPerShareBasic`	$-0.25	USD	Annual
Net income per common share basic	`EarningsPerShareBasic`	$-0.25	USD	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.88M	shares	Annual
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.72M	shares	Annual
Net income per common share diluted	`EarningsPerShareDiluted`	$-0.68	USD	Annual
Net income per common share diluted	`EarningsPerShareDiluted`	$-0.25	USD	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the year	`NetIncomeLoss`	$-12.12M	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$-477.60K	USD	Annual
Interest expense	`InterestExpenseDebt`	$19.21K	USD	Annual
Interest expense	`InterestExpenseDebt`	$51.90K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$-64.89K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossUnrealized`	$21.85K	USD	Annual
Loss on debt settlement	`LossOnDebtSettlementValue`	$-12.46M	USD	Annual
Loss on debt settlement	`LossOnDebtSettlementValue`	$-282.59K	USD	Annual
Other income (Note 10)	`OtherIncomeAmount`	-	USD	Annual
Other income (Note 10)	`OtherIncomeAmount`	$458.83K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$28.32K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.79K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$40.48K	USD	Annual
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$12.55K	USD	Annual
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-33.58K	USD	Annual
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-37.35K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds of loans payable (Note 3)	`ProceedsOfLoansPayable`	$40.00K	USD	Annual
Proceeds of loans payable (Note 3)	`ProceedsOfLoansPayable`	$31.93K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.93K	USD	Annual
Increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.65K	USD	Annual
Increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.65K	USD	Annual
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.35K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	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
Debt forgiveness included in amounts due to related parties, accounts payable and accrued liabilities (Note 8)	`DebtForgivenessIncludedInAmountsDueToRelatedPartiesAccountsPayableAndAccruedLiabilitiesNote8`	$458.83K	USD	Annual
Debt forgiveness included in amounts due to related parties, accounts payable and accrued liabilities (Note 8)	`DebtForgivenessIncludedInAmountsDueToRelatedPartiesAccountsPayableAndAccruedLiabilitiesNote8`	-	USD	Annual
Shares issued in settlement of debt included in accounts payable and accrued liabilities (Note 3)	`SharesIssuedInSettlementOfDebtIncludedInAccountsPayableAndAccruedLiabilitiesWrittenOffAccountsPayableAndAccruedLiabilitiesNote3`	-	USD	Annual
Shares issued in settlement of debt included in accounts payable and accrued liabilities (Note 3)	`SharesIssuedInSettlementOfDebtIncludedInAccountsPayableAndAccruedLiabilitiesWrittenOffAccountsPayableAndAccruedLiabilitiesNote3`	$224.50K	USD	Annual
Shares issued in settlement of debt included in loans payable (Note 3)	`SharesIssuedInSettlementOfDebtIncludedInLoansPayableNote3`	-	USD	Annual
Shares issued in settlement of debt included in loans payable (Note 3)	`SharesIssuedInSettlementOfDebtIncludedInLoansPayableNote3`	$133.17K	USD	Annual

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$640.25K	USD	Annual
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$14.07M	USD	Annual
Net income	`ProfitLoss`	$-477.60K	USD	Annual
Net income	`ProfitLoss`	$-12.12M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-101.58K	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.