Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000559
Chunk: 17

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 17
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 |     |        | 148,329 |   |
| 2026                                  |     |        |   2,527 |   |
| 2027                                  |     |        |   1,988 |   |
| Total                                 |     | $      | 248,172 |   |

Note 11 – Subsequent Events

The Company evaluated its March 31, 2024, financial statements for subsequent events through May 9, 2024, the date the financial statements were originally issued.

On April 4, 2024, the Company, and the holder of the note payable to seller in connection with the purchase of the D2F paid the annual interest payment due to seller.

On April 25, 2024, the Company issued a note payable to a related party in the amount of $ 50,000. The note bears interest at 5% and is due on April 23, 2025.

| 16 |

Note 12 – Restatements

Per ASC 250-10, Accounting Changes and Error Corrections,the Company’s condensed consolidated financial statements were restated to include changes and corrections made to reflect accounting principles in accordance with U.S. GAAP. The restated financial statements include the following:

| • | Notes                                          
 to Condensed Consolidated Financial Statements |

Restatements to Condensed Consolidated Balance Sheet

The Condensed Consolidated Balance Sheet as of March 31, 2024 was restated. The Consolidated Balance Sheet as of December 31, 2023 was previously audited, and no changes have been made. The table on the following page shows the effects of the restatements made to the Condensed Consolidated Balance Sheet as of March 31, 2024. The restatements include the following significant items:

| • | Accounts                                                                                            
 Payable was decreased by $83,523 to report $25,221. The changes included various corrections        
 to accruals for professional fees and other expenses, reclassifications of amounts to related-party 
 payables, and reclassifying deferred revenue to a separate line item to conform with presentation   
 in both prior and future periods.                                                                   |

| • | Deferred                                                                                             
 Revenue was increased by $8,000 to report $8,000. Deferred revenue was included in accounts          
 payable and accrued liabilities on the previously issued financial statements. This reclassification 
 was done to conform with the presentation used in subsequent quarters.                               |

| • | Related-Party