Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000559
Chunk: 6

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 6
---
089 
  (45,911 
        — 
     (777 
        — 
     (777 
  (90,803 
  142,365 
   51,562 | ) 
 ) 
 ) 
 ) 
 ) 
 ) 
 ) |
|:----------------------------------------------------------------------------|:----|:-------------------|---------:|:--|:----|:-----|---------:|:--|
| Cash paid for interest                                                      |     | $                  |    2,196 |   |     | $    |    2,856 |   |
| Non-Cash Investing and Financing Activities:                                |     |                    |          |   |     |      |          |   |
| Note payable issued for asset acquisition (Note 3)                          |     | $                  |        — |   |     | $    |  700,000 |   |
| Liabilities assumed in asset acquisition (Note 3)                           |     | $                  |        — |   |     | $    |  234,904 |   |

<div align='center'>The accompanying notes are an integral part of these interim unaudited consolidated financial statements</div>

| 7 |

Note 1 – Organization and Summary of Significant Accounting Policies

Organization

Arvana Inc. (the “Company”) was incorporated in the State of Nevada on June 16, 1977, as Turinco, Inc. On July 24, 2006, the Company changed its name to Arvana Inc. to reflect the acquisition of a telecommunications business. The Company discontinued its telecommunications operations as of December 31, 2009.

On February 3, 2023, the Company acquired Down 2 Fish Charters, LLC, which was organized in the State of Florida on April 1, 2019. Down2Fish operates a Florida based fishing charter business offering a range of curated maritime adventures including inshore, offshore, and custom charters for fishing enthusiasts, nature lovers, and tourists. The business is operated from a private dock in Palmetto, Florida that services the Tampa Bay area in addition to St Petersburg, Sarasota, Venice, Port Charlotte, and Clearwater. Down2Fish generates its revenue from the sale and provision of fishing charter services as well as the lease of Down2Fish’s marine equipment.

Basis of Presentation

The Company’s fiscal year ends on December 31. The accompanying unaudited consolidated financial statements for the three months ended March 31, 2024