Company: AVNI
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001713282-25-000654
Chunk: 18

Company: ARVANA INC
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 18
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 notes payable as well as the accrual of professional fees.
 
Total stockholders’ deficit was $1,448,863 as of June 30, 2025, compared to $1,250,966 as of December 31, 2024. The stockholders’ deficit has continued to increase as the Company incurs professional fees and other expenses related to developing management’s business plans.
 

Cash Flows from Operating Activities
 
Net cash provided by operating activities was $16,225 for the six months ended June 30, 2025, compared to net cash used in operating activities of $207,491 for the six months ended June 30, 2024. Non-cash items impacting net cash from operating activities included depreciation and amortization as well as stock-based compensation and gain on debt extinguishment. In addition, changes in balance sheet accounts—such as current assets, accounts payable, deferred revenue, and related-party payables—also affected operating cash flow. The Company expects to use cash flow 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. As part of its operational growth strategy, the Company is assessing its personnel needs and anticipates hiring up to five additional employees, including accounting staff, by December 31, 2025. These potential additions are intended to support increased business activity and strengthen the Company’s internal finance and reporting capabilities.
 
23

Cash Flows from Investing Activities
 
Net cash used in investing activities was $6,809 for the six months ended June 30, 2025, compared to $25,000 for the six months ended June 30, 2024. The Company anticipates future use of cash in investing activities due to anticipated investments in the expansion of its fishing charter business. However, as of June 30, 2025, the Company had no formal commitments for capital expenditures.
Cash Flows from Financing Activities
 
Net cash used in financing activities was $10,903 for the six months ended June 30, 2025, compared to net cash provided by financing activities of $225,410 for the six months ended June 30, 2024. Net cash used in financing activities in the six months ended June 30, 2025 was primarily due to repayments of notes payable related to the fishing charter boats. Net cash provided by financing activities for the six months ended June 30, 2024 was attributed to funds received from related-party notes payable, partially