Arvana Inc (AVNI) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,65151,562142,365214,01413,1953,118
Cash and cash equivalents18,65151,562142,365214,01413,1953,118
Receivables      
Other current assets5,1005,100    
Total current assets:23,75156,662142,365214,01413,1953,118
Noncurrent Assets
Property, plant and equipment167,005172,856    
Intangible assets, net (including goodwill)26,00026,000    
Intangible assets, net (excluding goodwill)26,00026,000    
Total noncurrent assets:193,005198,856    
TOTAL ASSETS:216,756255,518142,365214,01413,1953,118
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:53,77161,61529,77040,34929,06160,695
Accounts payable    30,24526,561 
Accrued liabilities53,77161,61529,77010,1042,500279
Other undisclosed accounts payable and accrued liabilities      60,416
Deferred revenue  4,000    
Debt38,19235,590  36,41615,500
Due to related parties 4,42559,30737,038
Other undisclosed current liabilities38,40010,8008,100   
Total current liabilities:130,363112,00537,87044,774124,784113,233
Noncurrent Liabilities
Long-term debt and lease obligation863,001892,984    
Long-term debt, excluding current maturities863,001892,984    
Other undisclosed noncurrent liabilities24,644     
Total noncurrent liabilities:887,645892,984    
Other undisclosed liabilities      300
Total liabilities:1,018,0081,004,98937,87044,774124,784113,533
Equity
Equity, attributable to parent(801,252)(749,471)104,495169,240(111,589)(110,415)
Common stock107,847107,84735,94935,94934,14934,149
Treasury stock, value(3,336)(3,336)(3,336)(3,336)(3,336)(3,336)
Additional paid in capital36,377,27436,314,78636,312,25036,282,77435,956,57435,956,574
Accumulated deficit(37,283,037)(37,168,768)(36,240,368)(36,146,147)(36,098,976)(36,097,802)
Total equity:(801,252)(749,471)104,495169,240(111,589)(110,415)
TOTAL LIABILITIES AND EQUITY:216,756255,518142,365214,01413,1953,118

Income Statement (P&L) (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues 13,5794  15,000 
Net investment income 14    
Other income     15,000 
Other undisclosed gross profit      
Gross profit:13,5794  15,000 
Operating expenses(123,326)(148,903)(106,986)(41,989)(10,720)(8,636)
Other undisclosed operating income (loss) (4)12,743(5,182)(20,061) 
Operating loss:(109,747)(148,903)(94,243)(47,171)(15,781)(8,636)
Nonoperating income (expense)(4,522)(779,497)22 14,607 
Other nonoperating income   22 14,607 
Interest and debt expense(16,523)(10,642)  (393)(194)
Loss from continuing operations before equity method investments, income taxes:(130,792)(939,042)(94,221)(47,171)(1,567)(8,830)
Other undisclosed income from continuing operations before income taxes     393 
Loss from continuing operations:(130,792)(939,042)(94,221)(47,171)(1,174)(8,830)
Loss before gain (loss) on sale of properties:(47,171)(1,174)(8,830)
Net loss:(130,792)(939,042)(94,221)(47,171)(1,174)(8,830)
Other undisclosed net income attributable to parent16,52310,642    
Net loss available to common stockholders, diluted:(114,269)(928,400)(94,221)(47,171)(1,174)(8,830)

Comprehensive Income (USD)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net loss:(130,792)(939,042)(94,221)(47,171)(1,174)(8,830)
Comprehensive loss, net of tax, attributable to parent:(130,792)(939,042)(94,221)(47,171)(1,174)(8,830)

Statements Sources

The financial statements are based on the Company's filings with 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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