Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000559
Chunk: 27

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 27
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, deferred revenue, and related-party payables—also affected operating cash flow. The Company expects to continue to have net cash flow used in operating activities over the next twelve months or until such time as Down2Fish generates sufficient revenue from operations to sustain the costs of operations.

The Company has no current plans to make any additional changes in the number of employees.

Cash Flows from Investing Activities

Net cash used in investing activities was $0 for the three months ended March 31, 2024, compared to $45,911 for the three months ended March 31, 2023. The Company anticipates future use of cash in investing activities due to expected investment in the expansion of its fishing charter business. However, as of March 31, 2024, the Company had no formal commitments for capital expenditures.

Cash Flows from Financing Activities

Net cash provided by financing activities was $179,341 for the three months ended March 31, 2024, compared to net cash used in financing activities of $777 for the three months ended March 31, 2023. Net cash provided by financing activities in the three months ended March 31, 2024 was primarily due to funds received from related-party notes payable, partially offset by repayments of existing notes payable and related-party obligations. Net cash used in financing activities for the three months ended March 31, 2023 was attributed to payments on notes payable. The Company expects to continue generating and using net cash from financing activities over the next twelve months through additional private equity placements, public offerings, or private debt to fund ongoing business expansion.

The Company’s assets were insufficient as of March 31, 2024 to implement its plan of operation to expand its business operations. Management anticipates conducting additional private equity offerings to meet the Company’s objectives, and may seek additional loans in the short term to sustain operations. Management is confident the Company’s efforts to realize additional funding will be successful. As of March 31, 2024, the Company had no lines of credit or other bank financing arrangements, and it does not anticipate paying cash dividends in the foreseeable future.

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as “special purpose entities.”

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Critical Accounting Policies

The preparation of financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions affecting the reported amounts of assets and