Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000560
Chunk: 8

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 8
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 The Company manages risk by requiring the lessee to indemnify the Company in the event of loss to property or persons.

| 13 |

Note 6 – Leases (Company as Lessor)– ( continued)

Lease income was $ 24,000and $ 20,000for the six months ended June 30, 2024 and 2023. Lease income is included in revenue on the Consolidated Statements of Operations. Future lease payments expected to be received under this related-party lease are as follows:

| Schedule          
 of lease payments 
 Year              |     | Amount |        |
|:------------------|:----|:-------|-------:|
| Remainder         
 of 2024           |     | $      | 24,000 |
| 2025              |     |        | 52,000 |
| Total             |     | $      | 76,000 |

Note 7 – Notes Payable

Notes payable are as follows:

| Schedule of notes payable                                                                                                     |     | 2024 |      June 
       30, |   |     | 2023 |  December 
       31, |   |
|:------------------------------------------------------------------------------------------------------------------------------|:----|:-----|----------:|:--|:----|:-----|----------:|:--|
| Note payable to                                                                                                               
 a bank, interest at 6.75%, due in monthly installments of principal and interest, matures August 15, 2039, secured by a boat. |     | $    |   121,246 |   |     | $    |   130,212 |   |
| Note payable to a bank, interest                                                                                              
 at 7.49%, due in monthly installments of principal and interest, matures March 15, 2037, secured by a boat.                   |     |      |    16,646 |   |     |      |    20,270 |   |
| Note payable to seller (a                                                                                                     
 related party), interest at 7.25%, due August 15, 2025, secured by membership interest in Down 2 Fish Charters, LLC.          |     |      |   700,000 |   |     |      |   700,000 |   |
| Note payable to majority shareholder,                                                                                         
 interest at 5.00%, matures January 31, 2026, unsecured.                                                                       |     |      |   300,000 |