Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000561
Chunk: 15

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 15
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 sheet as of September 30, 2024 (see explanation below on changes         
 to Related-Party Notes Payable).                                                                 |

18

Note 12 – Restatements– ( continued)

| • | Related-Party                                                                               
 Notes Payable, Net of Current Portion were increased by $410,644 to report $410,644 as a    
 result of these changes. Subsequent to the issuance of the previous financial statements,   
 the parties to various promissory notes issued by the Company mutually agreed to extend the 
 various maturity dates of these notes to August 15, 2025, December 31, 2025, and January    
 31, 2026 (see Note 7 for more information). Also, the holders of various promissory notes   
 became related parties with respect to the Company. Thus, the appropriate amounts have been 
 reclassified from Current Liabilities to Long-Term Liabilities and from Notes Payable to    
 Related-Party Notes Payable for the balance sheet as of September 30, 2024.                 |

| • | Additional                                                                                    
 Paid-in Capital was decreased by $18,179 to report $36,622,837 as a result of the corrections 
 to stock-based compensation detailed in the restatements for the statement of operations      
 as well as the corrections to accumulated deficit and treasury stock detailed below.          |

| • | Accumulated                                                                                  
 Deficit was increased by $17,818 to report $(37,916,097) as a result of the changes detailed 
 in the restatements for the statement of operations and statement of stockholders’           
 deficit.                                                                                     |

| • | Less:                                                                                             
 Treasury Stock was decreased by $3,336 to report $0. The treasury stock was reissued as explained 
 in Note 9.                                                                                        |

19

Note 12 – Restatements– ( continued)

The following table summarizes the changes made to the Condensed Consolidated Balance Sheet as of September 30, 2024:

| Schedule of restatements of condensed consolidated balance sheet |     | As of September 30, 2024 |             |   |     |             |          |   |     |          |             |   |
|:-----------------------------------------------------------------|:----|:-------------------------|------------:|:--|:----|:------------|---------:|:--|:----|:---------|------------:|:--|
|                                                                  |     | As Previously            |             |   |     |