Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001713282-25-000574
Chunk: 7

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 7
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 interpreted differently by regulatory agencies, we are unable to accurately predict
the future cost or impact on our business in complying with such laws or ultimately what cost or impact compliance or otherwise will
have on us. Nevertheless, we do believe that our business is currently in regulatory compliance with those rules and regulations incumbent
upon us.

Environment

We
seek to comply with all applicable federal, state, and local statutory laws or regulations concerning the preservation of our environment.
The Magnuson-Stevens Fishery Conservation and Management Act (“ MSA”) is the primary federal law governing marine fisheries
management in federal waters up to two hundred nautical miles off the U. S. coasts. The MSA works through local councils to maintain its
objectives. Our business falls under the Gulf of Mexico Fishery Management Council, one of eight councils that are responsible for developing
management plans to prevent overfishing, rebuild fish stocks and promote the long-term health of fishing. MSA councils look to the Scientific
and Statistical Committee (“ SSC”) for advice over a range management issues, such as what is an acceptable biological catch,
maximum sustainability, and rebuilding targets. Based on data generated by the SSC, each council develops a fish management plan and
submits recommended regulations to the U. S. Secretary of Commerce. The Gulf of Mexico Fishery Management will also work with the FWC
to ensure consistency in catch limitations. NOAA is one of the agencies responsible the enforcement of MSA directives.

Florida
is fiercely protective of its fish stocks given the tremendous economic impact it has on the state. On the state level the FWC is responsible
for saltwater regulations that extend up to nine nautical miles off the Florida Gulf Coast. Regulations published through the FWC go
to bag limits, species, size, and season for each fish species that can be legally caught. The FWC also publishes a list of fish species
that cannot be caught. Since restrictions are subject to change, current restrictions are published online on the FWC’s website,
eRegulations. com, and through independent businesses that offer fishing charters. Local fishing areas may also maintain restrictions
on fishing that apply to their communities.

Expenditures
for compliance with federal state and local environmental laws have not had, and are not expected to have, a material effect on our business.

Employees

Arvana
has a non-employee compensation arrangement with chief executive officer who also serves as acting chief financial officer and as a director.
He engages consultants, attorneys, accountants, and aud