Company: AVNI
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001713282-25-000654
Chunk: 15

Company: ARVANA INC
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 15
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30, 2024, were as follows:

                                               Three Months Ended                                      Six Months Ended                
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                                June 30,                                               June 30,                                        
                            2025                       2024                        2025                       2024                     
Total Revenue                   $52,930                     $25,830                    $75,528                     $37,830             
Cost of Services                         20,789                      13,769                     27,812                      18,390     
Gross Profit                             32,141                      12,061                     47,716                      19,440     
Operating Expenses                      237,577                     146,111                    316,768                     260,005     
Operating Loss                         (205,436    )               (134,050    )              (269,052    )               (240,565    )
Other Income and Expenses              (203,460    )                (19,172    )              (218,954    )                (36,371    )
Net Loss                        $(408,896          )        $(153,222          )       $(488,006          )        $(276,936          )
 
21

Revenue
 
Total revenue was $75,528 for the six months ended June 30, 2025, compared to $37,830 for the six months ended June 30, 2024, an increase of 99.7%. Total revenue was $52,930 for the three months ended June 30, 2025, compared to $25,830 for the three months ended June 30, 2024, an increase of 104.9%. Revenue was comprised of fishing charter services and lease revenue from the part-time lease of the Company’s marine equipment. In 2024, the Company's marine equipment had to be sent back to the manufacturer for repairs resulting in significant down time during the peak charter season. In 2025, the Company was able to run charters throughout the second quarter. The Company expects charter revenue to be on the rise in the third quarter during the peak fishing season, and then taper off in the fourth quarter as the fishing season comes to an end.
Cost of Services
 
Cost of services was $27,812 for the six months ended June 30, 2025, compared to $18,390 for the six months ended June 30, 2024, an increase of 51.2%. Cost of services was $20,789 for the three months ended June 30,