Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001713282-25-000578
Chunk: 14

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 2
Chunk 14
---
2025, compared to $0 for the three months ended March 31, 2024. 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, 2025, the Company had no formal commitments for capital expenditures. 
Cash Flows from Financing Activities
 
Net cash used in financing activities was $4,589 for the three months ended March 31, 2025, compared to net cash provided by financing activities of $179,341 for the three months ended March 31, 2024. Net cash used in financing activities in the three months ended March 31, 2025 was primarily due repayments of notes payable related to the fishing charter boats. Net cash provided by financing activities for the three months ended March 31, 2024 was attributed to funds received from related-party notes payable, partially offset by repayments of existing notes payable and other related-party obligations. The Company plans to receive net cash provided by financing activities over the next twelve months through additional private equity placements, public offerings, or private debt to fund continued expansion of its business.
 
The Company’s assets were insufficient as of March 31, 2025 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, 2025, 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.” 
 
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 liabilities at the date of the financial statements and the reported amounts of net revenues and expenses in the reporting period. Management bases its estimates and assumptions on current facts, historical experience, and various other factors it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. Management continually reviews these estimates and underlying assumptions