10-Q Filing

ARVANA INC CIK: 1113313 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001607062-22-000731`
Period End Date	20220930
Filing Date	20221122
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	avni093022form10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 56 Cash Flow Statement 46 Stockholders Equity 27

Balance Sheet 48 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
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$3.34K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	35.95M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$214.01K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	34.15M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$3.34K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$214.01K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	35.95M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Total assets	`Assets`	$3.34K	USD	Point-in-time
Total assets	`Assets`	$214.01K	USD	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	`AccountsPayableCurrent`	$54.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.25K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$10.10K	USD	Point-in-time
Loans payable stockholders	`OtherLoansPayableCurrent`	$15.50K	USD	Point-in-time
Loans payable stockholders	`OtherLoansPayableCurrent`	-	USD	Point-in-time
Related party payables	`DueToRelatedPartiesCurrent`	$4.42K	USD	Point-in-time
Related party payables	`DueToRelatedPartiesCurrent`	$34.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.92K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$44.77K	USD	Point-in-time
Total liabilities	`Liabilities`	$44.77K	USD	Point-in-time
Total liabilities	`Liabilities`	$104.92K	USD	Point-in-time
Common stock, $.001 par value, 500,000,000 shares authorized, 35,948,518 and 34,148,518 issued and outstanding at September 30, 2022, and December 31, 2021, respectively	`CommonStockValue`	$34.15K	USD	Point-in-time
Common stock, $.001 par value, 500,000,000 shares authorized, 35,948,518 and 34,148,518 issued and outstanding at September 30, 2022, and December 31, 2021, respectively	`CommonStockValue`	$35.95K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$35.96M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$36.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.15M	USD	Point-in-time
Total stockholders' equity (deficit) before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$172.58K	USD	Point-in-time
Total stockholders' equity (deficit) before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-98.25K	USD	Point-in-time
Less treasury stock 2,085 common shares at September 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less treasury stock 2,085 common shares at September 30, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$169.24K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-110.42K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-74.66K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-111.59K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$214.01K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.34K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	1 Quarter
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$41.99K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$4.74K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$58.84K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$11.85K	USD	3 Qtrs
Professional Fees	`ProfessionalFees`	$12.74K	USD	3 Qtrs
Professional Fees	`ProfessionalFees`	$5.18K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$42.80K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$64.00K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-47.17K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-71.59K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-75.86K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-47.54K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$19.12K	USD	3 Qtrs
Interest expense	`InterestExpense`	$587.00	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$6.71K	USD	3 Qtrs
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$250.00	USD	1 Quarter
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	3 Qtrs
Other income (Note 7)	`OtherIncome`	-	USD	1 Quarter
Other income (Note 7)	`OtherIncome`	-	USD	1 Quarter
Other income (Note 7)	`OtherIncome`	$15.00K	USD	3 Qtrs
Other income (Note 7)	`OtherIncome`	$458.83K	USD	3 Qtrs
Loss on debt settlements (Note 4)	`LossOnDebtSettlements`	-	USD	1 Quarter
Loss on debt settlements (Note 4)	`LossOnDebtSettlements`	$-12.46M	USD	1 Quarter
Loss on debt settlements (Note 4)	`LossOnDebtSettlements`	$-12.46M	USD	3 Qtrs
Loss on debt settlements (Note 4)	`LossOnDebtSettlements`	-	USD	3 Qtrs
Total other income expenses	`OtherNonoperatingIncomeExpense`	$-12.01M	USD	3 Qtrs
Total other income expenses	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other income expenses	`OtherNonoperatingIncomeExpense`	$-12.46M	USD	1 Quarter
Total other income expenses	`OtherNonoperatingIncomeExpense`	$14.41K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-57.17K	USD	3 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-47.17K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.51M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-12.09M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-57.17K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.17K	USD	1 Quarter
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	$-0.46	USD	1 Quarter
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	$-1.00	USD	3 Qtrs
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	-	USD	1 Quarter
Loss per common share - basic and diluted	`LossPerCommonShareBasicAndDiluted`	-	USD	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	34.75M	shares	1 Quarter
Weighted average common shares outstanding - basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	34.75M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	12.10M	shares	3 Qtrs
Weighted average common shares outstanding - basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	27.09M	shares	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-57.17K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-12.51M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-47.17K	USD	1 Quarter
Shares issued for debt	`SharesIssuedForDebt1`	0.00	shares	3 Qtrs
Shares issued for debt	`SharesIssuedForDebt1`	-40,000.00	shares	3 Qtrs
Loss from debt settlements	`LossFromDebtSettlements`	$-12.46M	USD	3 Qtrs
Loss from debt settlements	`LossFromDebtSettlements`	-	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-587.00	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-19.12K	USD	3 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$12.05K	USD	3 Qtrs
Unrealized foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	3 Qtrs
Other income	`OtherIncomeAmount`	$458.83K	USD	3 Qtrs
Other income	`OtherIncomeAmount`	-	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.27K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.96K	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	-	USD	3 Qtrs
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$10.10K	USD	3 Qtrs
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$34.94K	USD	3 Qtrs
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-30.07K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-61.83K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-21.30K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from loans payable stockholder	`ProceedsFromConstructionLoansPayable`	$16.32K	USD	3 Qtrs
Proceeds from loans payable stockholder	`ProceedsFromConstructionLoansPayable`	$35.22K	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	$320.00K	USD	3 Qtrs
Issuance of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Issuance cost	`PaymentsOfStockIssuanceCosts`	-	USD	3 Qtrs
Issuance cost	`PaymentsOfStockIssuanceCosts`	$32.00K	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Payments on long-term debt	`RepaymentsOfLongTermDebt`	$50.74K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.32K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$272.50K	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.97K	USD	3 Qtrs
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$210.67K	USD	3 Qtrs
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.00	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.01K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	USD	Point-in-time
Cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$19.00	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.01K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	USD	Point-in-time
Cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Related party payable reduced through issuance of shares	`RelatedPartyPayableReducedThroughIssuanceOfShares`	-	USD	3 Qtrs
Related party payable reduced through issuance of shares	`RelatedPartyPayableReducedThroughIssuanceOfShares`	$-40.00K	USD	3 Qtrs

Stockholders Equity 27 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$169.24K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-110.42K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-74.66K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-111.59K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$207.42K	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$360.00K	USD	1 Quarter
Issuance of common stock, shares	`StockIssuedDuringPeriodSharesNewIssues`	436,492.00	shares	Point-in-time
Share issuance cost	`ShareIssuanceCost`	$-32.00K	USD	1 Quarter
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$14.07M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$420.11K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-47.17K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-2.26K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-1.17K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-8.83K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-12.51M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$169.24K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-110.42K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-74.66K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-111.59K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time

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