Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000559
Chunk: 18

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 18
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 Payables was increased by $76,826 to report $107,626. This includes corrections to the inclusion  
 of interest accrued on related-party notes payable as well as reclassification of amounts         
 owed to entities that became related parties subsequent to the issuance of the previous financial 
 statements.                                                                                       |

| • | Current                                                                                          
 Portion of Notes Payable was decreased by $766,605 to report $17,621. Subsequent to the issuance 
 of the previous financial statements, the parties to various promissory notes mutually agreed    
 to extend the maturity dates. Thus, amounts have been reclassified to long-term liabilities      
 for the balance sheet as of March 31, 2024 (see explanation below on changes to Related-Party    
 Notes Payable).                                                                                  |

| • | Current                                                                                   
 Portion of Related-Party Notes Payable was decreased by $300,000 to report $0. Subsequent 
 to the issuance of the previous financial statements, the parties to this promissory note 
 mutually agreed to extend the maturity date of the promissory note from February 22, 2025 
 to January 31, 2026. Thus, this amount has been reclassified to long-term liabilities for 
 the balance sheet as of March 31, 2024 (see explanation below on changes to Related-Party 
 Notes Payable).                                                                           |

| 17 |

Note 12 – Restatements– ( continued)

| • | Related-Party                                                                                     
 Notes Payable, Net of Current Portion were increased by $1,060,644 to report $1,060,644 as        
 a result of these changes. Subsequent to the issuance of the previous financial statements,       
 the parties to various promissory notes issued by the Company mutually agreed to extend the       
 various maturity dates of these notes to July 31, 2025, December 31, 2025, and January 31,        
 2026 (see Note 7 for more information). Also, the holders of various promissory notes became      
 related parties with respect to the Company. Thus, the appropriate amounts have been reclassified 
 from Current Liabilities to Long-Term Liabilities and from Notes Payable to Related-Party         
 Notes Payable for the balance sheet as of March 31, 2024.                                         |

| • | Additional                                                                                   
 Paid-in Capital was increased by $23,150 to report $36,573,310 as a result of the correction 
 to stock-based compensation