Company: AVNI
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001713282-25-000654
Chunk: 8

Company: ARVANA INC
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 1
Chunk 8
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,657     
2027                                                             7,120     
2028                                                             7,597     
2029                                                             8,145     
Thereafter                                                      83,708     
Total                                                         $116,381     
Note 8 – Related-Party Transactions and Notes Payable
 
Stock-based Compensation
 
During the six months ended June 30, 2025 and the year ended December 31, 2024, the Company recorded stock-based compensation of $90,109 and $158,655 for the grant of stock options to its former Chief Executive Officer, board members, and other parties. See Note 10 for more information.
 
 16

Note 8 – Related-Party Transactions and Notes Payable – (continued)
 
Related-Party Payables
 
Related-party payables consist of the following:
 
          Schedule of related party payables                                                             
---------------------------------------------------------------------------------------------------------
                                                                      June 30,               December 31,
                                                        2025                     2024                    
Accrued expenses payable to related parties                      $183,240                  $53,340       
Reimbursable expenses payable to majority shareholder              75,880                   25,327       
Accrued interest payable to majority shareholder                   26,027                   13,037       
Accrued interest payable to related party                          50,000                   48,181       
Total Related-Party Payables                                     $335,147                 $139,885       
Related-Party Notes Payable 
 
Related-party notes payable consist of the following:
 
                                                   Schedule of related party notes payables                                                                                                            
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                                     June 30,                              December 31,
                                                                                                                                                 2025                       2024                       
Note payable to a related party, interest fixed at $50,000, due May 30, 2025, secured by membership interest in Down 2 Fish Charters, LLC. [3]               700,000                     700,000       
Note payable to majority shareholder, interest at 10.00%, matures January 31, 2026, unsecured. [1]                                                           300,000                     300,000       
Note payable to majority shareholder, interest at 5.00%, matures January 31, 2026, unsecured. [2]                                                             50,000                      50,000       
Note payable to a related party, bearing no interest, matures December 31, 2025, unsecured.                                                                   24,644                      24,644       
Note payable to a related party, bearing