Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000559
Chunk: 5

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 5
---
center'>Arvana Inc.

Condensed Consolidated Statements of Stockholders’ Deficit

For the Three Months Ended March 31, 2024 and 2023

(Unaudited and Restated)</div>

| Three Months Ended March 31, 2023 |     | Common Stock 
 Shares       |             |     | Amount |         |     | Additional 
 Paid-in    
 Capital    |            |     | Accumulated 
 Deficit     |             |   |     | Treasury Stock 
 Shares         |        |   |     | Amount |        |   |     | Total         
 Stockholders' 
 Deficit       |          |   |
|:----------------------------------|:----|:-------------|------------:|:----|:-------|--------:|:----|:-----------|-----------:|:----|:------------|:------------|:--|:----|:---------------|:-------|:--|:----|:-------|:-------|:--|:----|:--------------|---------:|:--|
| Balance December 31, 2022         |     |              | 107,845,554 |     | $      | 107,847 |     | $          | 36,240,352 |     | $           | (36,240,368 | ) |     |                | (6,255 | ) |     | $      | (3,336 | ) |     | $             |  104,495 |   |
| Stock-Based Compensation          |     |              |           — |     |        |       — |     |            |     74,434 |     |             | —           |   |     |                | —      |   |     |        | —      |   |     |               |   74,434 |   |
| Net Loss                          |     |              |           — |     |        |       — |     |            |          — |     |             | (928,400    | ) |     |                | —      |   |     |        | —      |   |     |               | (928,400 | ) |
| Balance March 31, 2023            |     |              | 107,845,554 |     | $      | 107,847 |     | $          | 36,314,786 |     | $           | (37,168,768 | ) |     |                | (6,255 | ) |