10-Q Filing

ARVANA INC CIK: 1113313 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001607062-22-000370`
Period End Date	20220331
Filing Date	20220518
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	avni033122form10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 18 Cash Flow Statement 38 Stockholders Equity 12

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`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, Issued	`CommonStockSharesIssued`	34.15M	shares	Point-in-time
Cash	`Cash`	$3.12K	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, Outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Total assets	`Assets`	$3.12K	USD	Point-in-time
Total assets	`Assets`	$3.34K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Treasury stock	`TreasuryStockCommonShares`	2,085.00	shares	Point-in-time
Treasury stock	`TreasuryStockCommonShares`	2,085.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$54.93K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$60.70K	USD	Point-in-time
Convertible loan (Note 8)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible loan (Note 8)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$15.50K	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$15.50K	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`	$300.00	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	-	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$34.19K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$37.04K	USD	Point-in-time
Total current liabilities	`Liabilities`	$104.92K	USD	Point-in-time
Total current liabilities	`Liabilities`	$113.53K	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized, 34,148,518 and 34,148,518 shares issued and outstanding at March 31, 2022, and December 31, 2021, respectively	`CommonStockValue`	$34.15K	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized, 34,148,518 and 34,148,518 shares issued and outstanding at March 31, 2022, and December 31, 2021, respectively	`CommonStockValue`	$34.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$35.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$35.96M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-36.09M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-36.10M	USD	Point-in-time
Total Stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-107.08K	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 March 31, 2022, and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less Treasury stock 2,085 common shares at March 31, 2022, and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	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`	$-101.58K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-110.42K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.34K	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$3.12K	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$3.36K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.29K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.34K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.31K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$10.67K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$8.64K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-8.64K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-10.67K	USD	1 Quarter
Interest expense (Note 3 and Note 8)	`InterestExpense`	$194.00	USD	1 Quarter
Interest expense (Note 3 and Note 8)	`InterestExpense`	$12.30K	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$20.71K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-8.83K	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-2.26K	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageSharesOutstanding`	34.15M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageSharesOutstanding`	4.61M	shares	1 Quarter
Net loss per common share basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per common share basic and diluted	`NetLossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-8.83K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.26K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	$-12.30K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	-	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$37.88K	USD	1 Quarter
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$20.03K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$5.76K	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$3.72K	USD	1 Quarter
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$2.84K	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-4.09K	USD	1 Quarter
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-222.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Proceeds of loans payable	`ProceedsOfLoansPayable`	-	USD	1 Quarter
Proceeds of loans payable	`ProceedsOfLoansPayable`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-222.00	USD	1 Quarter
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.09K	USD	1 Quarter
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$907.00	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.12K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$907.00	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.12K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Non-cash operating activities (Note 3)	`NoncashOperatingActivities`	-	USD	1 Quarter
Non-cash operating activities (Note 3)	`NoncashOperatingActivities`	-	USD	1 Quarter
Non-cash financing activities (Note 3)	`NoncashFinancingActivities`	-	USD	1 Quarter
Non-cash financing activities (Note 3)	`NoncashFinancingActivities`	-	USD	1 Quarter
Non-cash investing activities	`NoncashInvestingActivities`	-	USD	1 Quarter
Non-cash investing activities	`NoncashInvestingActivities`	-	USD	1 Quarter

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-110.42K	USD	Point-in-time
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$14.07M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-2.26K	USD	1 Quarter
Net loss	`ProfitLoss`	$-8.83K	USD	1 Quarter
Net loss	`ProfitLoss`	$-12.11M	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-110.42K	USD	Point-in-time

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