Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001713282-25-000578
Chunk: 13

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 2
Chunk 13
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 consisting of accounts payable, deferred revenue, related-party payables, and the current portion of long-term debt, compared to current liabilities of $988,373 as of December 31, 2024, with a similar composition. Total liabilities were $1,491,111 as of March 31, 2025, consisting of current liabilities and notes payable, compared to $1,453,142 as of December 31, 2024, with a similar composition. The increase in current liabilities in the three months ended March 31, 2025 was attributed primarily to the transition of related party notes payable from long-term debt to current liabilities in anticipation of upcoming maturity dates.
 
The Company had a working capital deficit of $1,355,950 as of March 31, 2025, compared to $20,333 as of December 31, 2024. The increase in this deficit was primarily attributed to the transition of long-term debt to current liabilities as maturity dates approach for notes payable.
 
Total stockholders’ deficit was $1,285,270 as of March 31, 2025, compared to $1,250,966 as of December 31, 2024. The stockholders’ deficit has continued to increase as the Company incurs professional fees and other expenses related to developing management’s business plans. 
 
Cash Flows from Operating Activities
 
Net cash provided by operating activities was $16,454 for the three months ended March 31, 2025, compared to net cash used in operating activities of $67,619 for the three months ended March 31, 2024. Non-cash items impacting net cash from operating activities included depreciation and amortization as well as stock-based compensation. In addition, changes in balance sheet accounts—such as current assets, accounts payable, deferred revenue, and related-party payables—also affected operating cash flow. The Company expects to have use cash flow in operating activities over the next twelve months or until such time as Down2Fish generates sufficient revenue from operations to sustain the costs of operations.
 
As part of its operational growth strategy, the Company is assessing its personnel needs and anticipates hiring up to five additional employees, including accounting staff, by December 31, 2025. These potential additions are intended to support increased business activity and strengthen the Company’s internal finance and reporting capabilities.
 
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Cash Flows from Investing Activities
 
Net cash used in investing activities was $6,676 for the three months ended March 31,