10-K Filing

ARVANA INC CIK: 1113313 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001607062-23-000201`
Period End Date	20221231
Filing Date	20230417
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	avni123123form10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 39 Income Statement 32 Cash Flow Statement 44 Stockholders Equity 13

Balance Sheet 39 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`	$142.37K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	34.15M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	35.95M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$3.34K	USD	Point-in-time
Total assets	`Assets`	$3.34K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	35.95M	shares	Point-in-time
Total assets	`Assets`	$142.37K	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 and accrued liabilities	`AccruedLiabilitiesCurrent`	$54.93K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$29.77K	USD	Point-in-time
Loans payable stockholders (Note 5)	`OtherLoansPayableCurrent`	$15.50K	USD	Point-in-time
Loans payable stockholders (Note 5)	`OtherLoansPayableCurrent`	-	USD	Point-in-time
Amounts due to related parties (Note 6)	`DueToRelatedPartyCurrent`	$8.10K	USD	Point-in-time
Amounts due to related parties (Note 6)	`DueToRelatedPartyCurrent`	$34.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$104.92K	USD	Point-in-time
Total liabilities	`Liabilities`	$37.87K	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 December 31, 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 December 31, 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`	$36.31M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.24M	USD	Point-in-time
Total stockholders' equity (deficit) before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-98.25K	USD	Point-in-time
Total stockholders' equity (deficit) before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$107.83K	USD	Point-in-time
Less treasury stock 2,085 common shares at December 31, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less treasury stock 2,085 common shares at December 31, 2022 and December 31, 2021, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholder equity (deficit)	`StockholdersEquity`	$104.50K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$142.37K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$3.34K	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$70.43K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$15.61K	USD	Annual
Stock-based compensation	`EmployeeBenefitsAndShareBasedCompensation`	$29.71K	USD	Annual
Stock-based compensation	`EmployeeBenefitsAndShareBasedCompensation`	-	USD	Annual
Professional fees	`ProfessionalFees`	$65.69K	USD	Annual
Professional fees	`ProfessionalFees`	$87.10K	USD	Annual
Total operating expenses	`OperatingExpenses`	$165.83K	USD	Annual
Total operating expenses	`OperatingExpenses`	$102.70K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-102.70K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-165.83K	USD	Annual
Interest income	`InterestIncomeOperating`	$22.00	USD	Annual
Interest income	`InterestIncomeOperating`	-	USD	Annual
Interest expense	`InterestExpense`	$19.21K	USD	Annual
Interest expense	`InterestExpense`	$587.00	USD	Annual
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	-	USD	Annual
Foreign exchange gain	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$6.71K	USD	Annual
Loss on debt settlement (Note 4)	`LossOnDebtSettlements`	-	USD	Annual
Loss on debt settlement (Note 4)	`LossOnDebtSettlements`	$-12.46M	USD	Annual
Other income (Note 7)	`OtherIncome`	$458.83K	USD	Annual
Other income (Note 7)	`OtherIncome`	$15.00K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$14.44K	USD	Annual
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-12.01M	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-151.40K	USD	Annual
Net loss and comprehensive loss	`NetIncomeLoss`	$-12.12M	USD	Annual
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	17.19M	shares	Annual
Weighted average shares outstanding basic	`WeightedAverageNumberOfSharesOutstandingBasic`	34.60M	shares	Annual
Net loss per common share basic	`EarningsPerShareBasic`	$-0.68	USD	Annual
Net loss per common share basic	`EarningsPerShareBasic`	-	USD	Annual
Weighted average shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	34.60M	shares	Annual
Weighted average shares outstanding diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	17.19M	shares	Annual
Net loss per common share diluted	`EarningsPerShareDiluted`	-	USD	Annual
Net loss per common share diluted	`EarningsPerShareDiluted`	$-0.68	USD	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-151.40K	USD	Annual
Net loss	`NetIncomeLoss`	$-12.12M	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-19.21K	USD	Annual
Interest expense	`InterestIncomeExpenseNet`	$-587.00	USD	Annual
Foreign Exchange Loss	`ForeignCurrencyTransactionGainLossUnrealized`	-	USD	Annual
Foreign Exchange Loss	`ForeignCurrencyTransactionGainLossUnrealized`	$21.85K	USD	Annual
Loss on debt settlement	`LossFromDebtSettlements`	-	USD	Annual
Loss on debt settlement	`LossFromDebtSettlements`	$-12.46M	USD	Annual
Other income	`OtherIncomeAmount`	$15.00K	USD	Annual
Other income	`OtherIncomeAmount`	$458.83K	USD	Annual
Share based compensation	`EmployeeBenefitsAndShareBasedCompensation`	$29.71K	USD	Annual
Share based compensation	`EmployeeBenefitsAndShareBasedCompensation`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$43.79K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.06K	USD	Annual
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$40.48K	USD	Annual
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$5.51K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-132.65K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-33.58K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Share capital	`ShareCapital`	-	USD	Annual
Share capital	`ShareCapital`	$320.00K	USD	Annual
Proceeds of loans payable	`ProceedsOfLoansPayable`	$31.93K	USD	Annual
Proceeds of loans payable	`ProceedsOfLoansPayable`	-	USD	Annual
Payments on loans payable	`PaymentsForLoans`	$15.50K	USD	Annual
Payments on loans payable	`PaymentsForLoans`	-	USD	Annual
Interest paid	`InterestPaid`	$587.00	USD	Annual
Interest paid	`InterestPaid`	-	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	$32.24K	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$271.68K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$31.93K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$139.03K	USD	Annual
Net increase (decrease) in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.65K	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.37K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.99K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.37K	USD	Point-in-time
Debt forgiveness included in amounts due to related parties, accounts payable and accrued liabilities	`DebtForgivenessIncludedInAmountsDueToRelatedPartiesAccountsPayableAndAccruedLiabilitiesNote8`	$458.83K	USD	Annual
Debt forgiveness included in amounts due to related parties, accounts payable and accrued liabilities	`DebtForgivenessIncludedInAmountsDueToRelatedPartiesAccountsPayableAndAccruedLiabilitiesNote8`	$15.00K	USD	Annual
Conversion of related party debt to equity	`ConversionsOfRelatedPartyDebtToEquity`	$40.00K	USD	Annual
Conversion of related party debt to equity	`ConversionsOfRelatedPartyDebtToEquity`	-	USD	Annual

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$104.50K	USD	Point-in-time
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$320.00K	USD	Annual
Share issuance costs	`ShareIssuanceCost`	$-32.24K	USD	Annual
Conversion of related party debt to equity	`ConversionOfRelatedPartyDebtToEquity`	$40.00K	USD	Annual
Share based compensation	`AllocatedShareBasedCompensationExpense`	$29.71K	USD	Annual
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$14.07M	USD	Annual
Net loss	`ProfitLoss`	$-151.40K	USD	Annual
Net loss	`ProfitLoss`	$-12.12M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$104.50K	USD	Point-in-time

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