10-Q Filing

ARVANA INC CIK: 1113313 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001607062-23-000410`
Period End Date	20230630
Filing Date	20230817
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	avni063023form10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 76 Cash Flow Statement 47 Stockholders Equity 18

Balance Sheet 56 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, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	107.85M	shares	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$18.65K	USD	Point-in-time
Cash and cash equivalents	`CashEquivalentsAtCarryingValue`	$142.37K	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	-	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$5.10K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	107.84M	shares	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	6,255.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$142.37K	USD	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	6,255.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$23.75K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$167.00K	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	-	USD	Point-in-time
Intangible assets	`FiniteLivedIntangibleAssetsNet`	$26.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	$193.00K	USD	Point-in-time
Total non-current assets	`AssetsNoncurrent`	-	USD	Point-in-time
Total assets	`Assets`	$142.37K	USD	Point-in-time
Total assets	`Assets`	$216.76K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$53.77K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccruedLiabilitiesCurrent`	$29.77K	USD	Point-in-time
Related party payables (Note 8)	`DueToRelatedPartyCurrent`	$8.10K	USD	Point-in-time
Related party payables (Note 8)	`DueToRelatedPartyCurrent`	$13.40K	USD	Point-in-time
Current portion of notes payable related party (Note 8)	`NotesPayableRelatedPartyClassifiedCurrent`	$25.00K	USD	Point-in-time
Current portion of notes payable related party (Note 8)	`NotesPayableRelatedPartyClassifiedCurrent`	-	USD	Point-in-time
Current portion of long-term debt (Note 10)	`LongTermDebtCurrent`	$38.19K	USD	Point-in-time
Current portion of long-term debt (Note 10)	`LongTermDebtCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$37.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.36K	USD	Point-in-time
Notes payable related party, net of current portion (Note 8)	`NotesPayableRelatedPartyNoncurrent`	$24.64K	USD	Point-in-time
Notes payable related party, net of current portion (Note 8)	`NotesPayableRelatedPartyNoncurrent`	-	USD	Point-in-time
Notes payable, net of current portion (Note 10)	`NotesPayableNoncurrent`	$863.00K	USD	Point-in-time
Notes payable, net of current portion (Note 10)	`NotesPayableNoncurrent`	-	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	$887.64K	USD	Point-in-time
Total long-term liabilities	`LiabilitiesNoncurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$37.87K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.02M	USD	Point-in-time
Common stock, $.001 par value, 500,000,000 shares authorized, 107,845,554 issued, and 107,839,299 outstanding at June 30, 2023, and December 31, 2022, respectively	`CommonStockValue`	$107.85K	USD	Point-in-time
Common stock, $.001 par value, 500,000,000 shares authorized, 107,845,554 issued, and 107,839,299 outstanding at June 30, 2023, and December 31, 2022, respectively	`CommonStockValue`	$107.85K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$36.24M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$36.38M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.24M	USD	Point-in-time
Total stockholders' equity (deficit) before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$107.83K	USD	Point-in-time
Total stockholders' equity (deficit) before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-797.92K	USD	Point-in-time
Less treasury stock - 6,255 common shares at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less treasury stock - 6,255 common shares at June 30, 2023 and December 31, 2022, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders' deficit (equity)	`StockholdersEquity`	$-801.25K	USD	Point-in-time
Total stockholders' deficit (equity)	`StockholdersEquity`	$-749.97K	USD	Point-in-time
Total stockholders' deficit (equity)	`StockholdersEquity`	$-111.59K	USD	Point-in-time
Total stockholders' deficit (equity)	`StockholdersEquity`	$-110.42K	USD	Point-in-time
Total stockholders' deficit (equity)	`StockholdersEquity`	$-101.58K	USD	Point-in-time
Total stockholders' deficit (equity)	`StockholdersEquity`	$104.50K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$142.37K	USD	Point-in-time
Total liabilities and stockholders' (deficit) equity	`LiabilitiesAndStockholdersEquity`	$216.76K	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Charter income	`RevenuesCharterIncome`	$13.05K	USD	1 Quarter
Charter income	`RevenuesCharterIncome`	-	USD	1 Quarter
Charter income	`RevenuesCharterIncome`	$13.05K	USD	2 Qtrs
Charter income	`RevenuesCharterIncome`	-	USD	2 Qtrs
Other income	`OtherOperatingIncome`	-	USD	1 Quarter
Other income	`OtherOperatingIncome`	$525.00	USD	2 Qtrs
Other income	`OtherOperatingIncome`	$525.00	USD	1 Quarter
Other income	`OtherOperatingIncome`	-	USD	2 Qtrs
Total revenue	`Revenues`	$13.58K	USD	2 Qtrs
Total revenue	`Revenues`	$13.58K	USD	1 Quarter
Total revenue	`Revenues`	-	USD	1 Quarter
Total revenue	`Revenues`	-	USD	2 Qtrs
Cost of sales	`CostsAndExpenses`	-	USD	1 Quarter
Cost of sales	`CostsAndExpenses`	-	USD	2 Qtrs
Cost of sales	`CostsAndExpenses`	$14.63K	USD	1 Quarter
Cost of sales	`CostsAndExpenses`	$20.74K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$102.11K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$16.86K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$214.29K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$10.72K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.56K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$6.58K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.06K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$43.04K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$123.33K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$278.08K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$24.42K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$15.78K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-15.78K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-24.42K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-264.50K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-109.75K	USD	1 Quarter
Lease income	`LeaseIncome`	-	USD	2 Qtrs
Lease income	`LeaseIncome`	$20.00K	USD	2 Qtrs
Lease income	`LeaseIncome`	$12.00K	USD	1 Quarter
Lease income	`LeaseIncome`	-	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$1.00	USD	1 Quarter
Interest income	`InterestIncomeOperating`	$5.00	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	2 Qtrs
Interest income	`InterestIncomeOperating`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$393.00	USD	1 Quarter
Interest expense	`InterestExpense`	$587.00	USD	2 Qtrs
Interest expense	`InterestExpense`	$27.17K	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.52K	USD	1 Quarter
Other income	`OtherIncome`	$15.00K	USD	1 Quarter
Other income	`OtherIncome`	-	USD	2 Qtrs
Other income	`OtherIncome`	$15.00K	USD	2 Qtrs
Other income	`OtherIncome`	-	USD	1 Quarter
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	-	USD	1 Quarter
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	-	USD	1 Quarter
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	$771.01K	USD	2 Qtrs
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	-	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$14.61K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-778.17K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$14.41K	USD	2 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-4.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-10.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-114.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.04M	USD	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	102.45M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.85M	shares	2 Qtrs
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	107.85M	shares	1 Quarter
Weighted average shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	102.45M	shares	2 Qtrs
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	2 Qtrs
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per common share - basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per common share - basic	`EarningsPerShareBasic`	$-0.01	USD	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.85M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	102.45M	shares	1 Quarter
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	102.45M	shares	2 Qtrs
Weighted average shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	107.85M	shares	1 Quarter
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per common share - diluted	`EarningsPerShareDiluted`	-	USD	2 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-10.00K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.17K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-114.27K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.04M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$11.70K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$5.85K	USD	1 Quarter
Depreciation expense	`Depreciation`	-	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$136.92K	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	-	USD	2 Qtrs
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	-	USD	1 Quarter
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	-	USD	1 Quarter
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	$771.01K	USD	2 Qtrs
Loss on asset purchase	`PaymentsForPurchaseOfOtherAssets1`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-25.87K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$19.09K	USD	2 Qtrs
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$4.66K	USD	2 Qtrs
Related party payables	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$24.81K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-99.29K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-11.06K	USD	2 Qtrs
Cash paid for asset acquisition	`PaymentsToAcquireBusinessesGross`	$50.00K	USD	2 Qtrs
Cash paid for asset acquisition	`PaymentsToAcquireBusinessesGross`	-	USD	2 Qtrs
Cash acquired from asset acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-4.09K	USD	2 Qtrs
Cash acquired from asset acquisition	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-45.91K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromLoansPayable`	$20.92K	USD	2 Qtrs
Proceeds from loans payable	`ProceedsFromLoansPayable`	$25.27K	USD	2 Qtrs
Payments on loans payable	`PaymentsForLoans`	-	USD	2 Qtrs
Payments on loans payable	`PaymentsForLoans`	$3.78K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$20.92K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$21.49K	USD	2 Qtrs
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$9.86K	USD	2 Qtrs
Net (decrease) increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-123.71K	USD	2 Qtrs
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.20K	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, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.65K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.20K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.34K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$142.37K	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$18.65K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	$6.72K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Note payable issued for asset acquisition (Note 3)	`Acquisition`	-	USD	2 Qtrs
Note payable issued for asset acquisition (Note 3)	`Acquisition`	$700.00K	USD	2 Qtrs
Liabilities assumed in asset acquisition	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	$234.90K	USD	2 Qtrs
Liabilities assumed in asset acquisition	`NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1`	-	USD	2 Qtrs

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-801.25K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-749.97K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-111.59K	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`	$104.50K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-801.25K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-749.97K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-111.59K	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`	$104.50K	USD	Point-in-time
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$136.92K	USD	2 Qtrs
Share based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$62.49K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-10.00K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-1.17K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-114.27K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-1.04M	USD	2 Qtrs

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