Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000560
Chunk: 21

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 21
---
 Operating           
 Expenses            |     |              |  146,111 |   |     |             |  114,545 |   |     |              |  260,005 |   |     |             |    269,037 |   |
| Operating Loss      |     |              | (134,050 | ) |     |             |  (97,747 | ) |     |              | (240,565 | ) |     |             |   (244,499 | ) |
| Other               
 Income and Expenses |     |              |  (19,172 | ) |     |             |  (16,522 | ) |     |              |  (36,371 | ) |     |             |   (798,170 | ) |
| Net                 
 Loss                |     | $            | (153,222 | ) |     | $           | (114,269 | ) |     | $            | (276,936 | ) |     | $           | (1,042,669 | ) |

Revenue

Total revenue from operations as $37,830 for the six months ended June 30, 2024, compared to $33,579 for the six months ended June 30, 2023, an increase of 12.66%. Total revenue from operations was $25,830 for the three months ended June 30, 2024, compared to $25,579 for the three months ended June 30, 2023, an increase of 0.98%. Revenue was comprised of fishing charter services and lease income from the lease of the Company’s marine equipment. The Company expects charter revenue to rise in the third quarter during the peak fishing season and taper off in the fourth quarter as the fishing season comes to an end.

Cost of Services

Cost of services for operations was $18,390 for the six months ended June 30, 2024, compared to $9,041 for the six months ended June 30, 2023, an increase of 103.41%. Cost of services for operations was $13,769 for the three months ended June 30, 2024, compared to $8,781 for the three months ended June 30, 2023, an increase of 56.8%. Cost of services was comprised of expenses directly related to operating the Company’s marine equipment.

Operating Expenses

Operating expenses were $260,005 for the six months ended June 30, 2024, compared