Arvana Inc (AVNI) financial statements (2022 and earlier)

Company profile

Business Address 299 S. MAIN STREET
SALT LAKE CITY, UT 84111
State of Incorp. NV
Fiscal Year End December 31
SIC 677 - Blank Checks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 521560
Cash and cash equivalents 521560
Total current assets: 521560
Noncurrent Assets
TOTAL ASSETS: 521560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 8689741,0131,0759561,019
Accrued liabilities 515521470   
Interest and dividends payable    425  
Other undisclosed accounts payable and accrued liabilities 3524535436509561,019
Debt 18219211012683147
Due to related parties 3533385425491,0901,054
Total current liabilities: 1,4031,5041,6651,7502,1292,220
Noncurrent Liabilities
Other undisclosed liabilities 65371266273213029
Total liabilities: 2,0562,2162,3272,4822,2582,249
Stockholders' equity
Stockholders' equity attributable to parent, including: (2,051)(2,214)(2,326)(2,477)(2,252)(2,249)
Common stock 511111
Treasury stock, value (3)(3)(3)(3)(3)(3)
Additional paid in capital 21,29021,28421,28421,22621,22621,167
Accumulated deficit (23,973)(23,495)(23,607)(23,701)(23,476)(23,413)
Other undisclosed stockholders' equity attributable to parent 630     
Total stockholders' equity: (2,051)(2,214)(2,326)(2,477)(2,252)(2,249)
TOTAL LIABILITIES AND EQUITY: 521560

Income statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues  287  6525
Financial services revenue 6525
Other income  287    
Cost of revenue
(Cost of Goods and Services Sold)
    (9)  
Gross profit:  287 (9)6525
Operating expenses (78)(52)(42)(39)(40)(36)
Other undisclosed operating income (loss)  (287) 9(65)(25)
Operating loss: (78)(52)(42)(39)(40)(36)
Nonoperating income (expense) (65)(20)  18178
Investment income, nonoperating     25 
Foreign currency transaction gain (loss), before tax (65)(20)  (7)178
Interest and debt expense (52)(57)(64)(66)(97)(48)
Income (loss) from continuing operations before equity method investments, income taxes: (195)(130)(106)(105)(119)94
Other undisclosed loss from continuing operations before income taxes (282)     
Income (loss) from continuing operations before income taxes: (478)(130)(106)(105)(119)94
Income tax benefit  236    
Income (loss) before gain (loss) on sale of properties: (478)106(106)(105)(119)94
Other undisclosed net income (loss)  6  57(1)
Net income (loss): (478)112(106)(105)(63)93
Other undisclosed net income (loss) attributable to parent   199(120)  
Net income (loss) available to common stockholders, diluted: (478)11294(225)(63)93

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (478)112(106)(105)(63)93
Comprehensive income (loss), net of tax, attributable to parent: (478)112(106)(105)(63)93

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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