Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000560
Chunk: 16

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 16
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 to report $1,250 for the three-month period and increased          
 by $1,250 to report $1,250 for the six-month period related to the capitalized website development 
 costs.                                                                                             |

| • | General                                                                                          
 and Administrative expenses were decreased by $26,543 and $27,438 to report $92,180 and $198,152 
 for the three-and-six-month periods, reflecting corrections made to stock-based compensation     
 and other general and administrative expenses.                                                   |

| • | Professional                                                                                         
 Fees were increased by $34,926 and $24,675 to report $45,970 and $47,180 for the three-and-six-month 
 periods due to corrections made to certain accruals for professional fees in accounts payable.       |

| • | Interest                                                                                    
 Expense was decreased by $247 to report ($19,178) for the three-month period, and increased 
 by $560 to report ($36,401) for the six-month period. This change was due to corrections    
 to the estimates previously used to record accrued interest.                                |

| • | Net                                                                                                     
 Loss was increased by $7,399 and $1,676 to report ($153,222) and ($276,936) for the three-and-six-month 
 periods as a result of the changes listed above.                                                        |

| 22 |

Note 12 – Restatements– ( continued)

The following table summarizes the changes made to the Condensed Consolidated Statement of Operations for the Three Months Ended June 30, 2024:

| Schedule of restatements of condensed consolidated statement of operations |     | For the Three Months Ended June 30, 2024 |          |   |     |             |         |   |     |          |          |   |
|:---------------------------------------------------------------------------|:----|:-----------------------------------------|---------:|:--|:----|:------------|--------:|:--|:----|:---------|---------:|:--|
|                                                                            |     | As Previously                            |          |   |     | Effect of   |         |   |     | As       |          |   |
|                                                                            |     | Issued                                   |          |   |     | Restatement |         |   |     | Restated |          |   |
| Revenue:                                                                   |     |                                          |          |   |     |             |         |   |     |          |          |   |
| Charter Revenue                                                            |     | $                                        |   13,830