Company: AVNI
Filing Date: 2025-08-15
Form Type: 10-Q
Source: 0001713282-25-000654
Chunk: 14

Company: ARVANA INC
Filing Date: 2025-08-15
Form: 10-Q
Item: Item 2
Chunk 14
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 provision of fishing charter services to the general public as well as an operating lease of its equipment to a related party.
 
The Company’s principal office is located at 299 Main Street, 13th Floor, Salt Lake City, Utah 84111, and our telephone number is (702) 899-1072.
 
The Company’s registered agent in the State of Nevada is AA Registered Agents, located at 4869 Nightwood Court, Las Vegas, Nevada 89149.
 
The Company is traded on the OTC Markets Group, Inc.’s OTCID Basic Market platform under the symbol “AVNI.” Effective July 1, 2025, the Pink Sheets Current Information market platform was converted to the OTCID Basic Market.
 
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The Company has continued to seek business opportunities in real estate development while continuing to operates its fishing charter business. Management continues to evaluate options for pursuing a business model based on acquiring and repurposing vacant shopping malls, outlet locations, and big box stores to attract new tenants from targeted industries that offer goods or services that are not available online.
 

Plan of Operation
 
The Company’s plan of operation is to support the development of its business, and to build on its existing business model. The Company believes an expansion of marketing efforts around Tampa Bay to offer a wider range of services, such as dolphin tours, will help establish the Down2Fish brand, attract more customers and increase revenues. Expansion into new service offerings will however require capital sufficient to finance the purchase of another vessel and additional boating equipment. The Company believes dolphin tours can return net revenue on a consistent basis if Down2Fish is able to attract sufficient customers to each excursion. Down2Fish is currently licensed and equipped to carry no more than six customers on each fishing charter. A vessel designed primarily for dolphin tours can carry from fifty to one hundred customers. The Company’s primary impediment for equipment procurement and installation is cost. The Company is presently considering financing options that might become available in the near term, but it has no assurance that financing options will become available or that the financing terms would be tenable for the Company’s business. Unless or until the Company can offer excursions catering to a greater number of customers on each excursion, the Company will continue to focus on offering more fishing charter excursions to build revenue and improve the results of operations.
Results of Operations
 
The Company’s results of operations for the three and six months ended June 30, 2025, as compared to the three and six months ended June