10-Q Filing

ARVANA INC CIK: 1113313 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001607062-22-000534`
Period End Date	20220630
Filing Date	20220822
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	avni063022form10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 50 Cash Flow Statement 35 Stockholders Equity 18

Balance Sheet 46 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 and cash equivalents	`CashEquivalentsAtCarryingValue`	$3.34K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$13.20K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	34.15M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.34K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.20K	USD	Point-in-time
Total assets	`Assets`	$13.20K	USD	Point-in-time
Treasury stock	`TreasuryStockCommonShares`	2,085.00	shares	Point-in-time
Total assets	`Assets`	$3.34K	USD	Point-in-time
Treasury stock	`TreasuryStockCommonShares`	2,085.00	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.56K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.93K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$2.50K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Loans payable stockholders	`OtherLoansPayableCurrent`	$36.42K	USD	Point-in-time
Loans payable stockholders	`OtherLoansPayableCurrent`	$15.50K	USD	Point-in-time
Related party payables	`DueToRelatedPartiesCurrent`	$34.49K	USD	Point-in-time
Related party payables	`DueToRelatedPartiesCurrent`	$59.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.92K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$124.78K	USD	Point-in-time
Total liabilities	`Liabilities`	$104.92K	USD	Point-in-time
Total liabilities	`Liabilities`	$124.78K	USD	Point-in-time
Common stock, $.001 par value, 500,000,000 shares authorized, 34,148,518 issued and outstanding atJune 30, 2022, and December 31, 2021, respectively	`CommonStockValue`	$34.15K	USD	Point-in-time
Common stock, $.001 par value, 500,000,000 shares authorized, 34,148,518 issued and outstanding atJune 30, 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
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.09M	USD	Point-in-time
Total stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-108.25K	USD	Point-in-time
Total stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-98.25K	USD	Point-in-time
Less treasury stock - 2085 common shares at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less treasury stock - 2085 common shares at June 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholder deficiency	`StockholdersEquity`	$110.42K	USD	Point-in-time
Total stockholder deficiency	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Total stockholder deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholder deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholder deficiency	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total stockholder deficiency	`StockholdersEquity`	$-111.59K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$3.34K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$13.20K	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$16.86K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$7.11K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.75K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$10.72K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$13.89K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$5.06K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$7.56K	USD	2 Qtrs
Professional Fees	`ProfessionalFees`	$21.21K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-28.32K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-15.78K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-24.42K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-17.65K	USD	1 Quarter
Interest expense	`InterestExpense`	$19.12K	USD	2 Qtrs
Interest expense	`InterestExpense`	$587.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$6.82K	USD	1 Quarter
Interest expense	`InterestExpense`	$393.00	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$6.46K	USD	2 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-14.25K	USD	1 Quarter
Other income	`OtherIncome`	$15.00K	USD	1 Quarter
Other income	`OtherIncome`	$458.83K	USD	1 Quarter
Other income	`OtherIncome`	$458.83K	USD	2 Qtrs
Other income	`OtherIncome`	$15.00K	USD	2 Qtrs
Total other income expenses	`OtherNonoperatingIncomeExpense`	$446.17K	USD	2 Qtrs
Total other income expenses	`OtherNonoperatingIncomeExpense`	$14.41K	USD	2 Qtrs
Total other income expenses	`OtherNonoperatingIncomeExpense`	$14.61K	USD	1 Quarter
Total other income expenses	`OtherNonoperatingIncomeExpense`	$437.76K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$420.11K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$417.85K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.17K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-10.00K	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net income	`NetIncomeLoss`	$-1.17K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-2.26K	USD	1 Quarter
Net income	`NetIncomeLoss`	$420.11K	USD	1 Quarter
Net income	`NetIncomeLoss`	$417.85K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-10.00K	USD	2 Qtrs
Net income	`NetIncomeLoss`	$-8.83K	USD	1 Quarter
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	$0.09	USD	1 Quarter
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	$0.09	USD	2 Qtrs
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average common shares outstanding basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	34.15M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	4.61M	shares	2 Qtrs
Weighted average common shares outstanding basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	4.61M	shares	1 Quarter
Weighted average common shares outstanding basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	34.15M	shares	2 Qtrs

Cash Flow Statement 35 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-1.17K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-2.26K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$420.11K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$417.85K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-10.00K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-8.83K	USD	1 Quarter
Interest expense	`InterestIncomeExpenseNet`	-	USD	2 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$19.12K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-4.07K	USD	2 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	2 Qtrs
Other income	`OtherIncomeAmount`	$458.83K	USD	2 Qtrs
Other income	`OtherIncomeAmount`	-	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$42.03K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.37K	USD	2 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.50K	USD	2 Qtrs
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$24.81K	USD	2 Qtrs
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$8.49K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.06K	USD	2 Qtrs
Net cash used in operating activities	`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 from loans payable stockholders	`ProceedsFromConstructionLoansPayable`	$16.12K	USD	2 Qtrs
Proceeds from loans payable stockholders	`ProceedsFromConstructionLoansPayable`	$20.92K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.12K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.92K	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$10.61K	USD	2 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$9.86K	USD	2 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.20K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.60K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.20K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.60K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$110.42K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.58K	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`	$-111.59K	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-1.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$420.11K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$417.85K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-10.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-8.83K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$110.42K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-101.58K	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`	$-111.59K	USD	Point-in-time

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