Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001713282-25-000578
Chunk: 0

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 1
Chunk 0
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ows from Investing Activities:                                                                
Cash                                                    (6,676     )                     —      
paid for fixed assets                                                                           
Net cash used in investing                              (6,676     )                     —      
activities                                                                                      
Cash                                                                                            
Flows from Financing Activities:                                                                
Proceeds from related-party                                  —                     320,000      
notes payable                                                                                   
Repayments of notes payable                             (4,589     )                (8,659     )
Repayments                                                   —                    (132,000     )
of related-party notes payable                                                                  
Net cash                                                (4,589     )               179,341      
provided by (used in) financing activities                                                      
Net increase in cash                                     5,189                     111,722      
Cash                                                    18,293                      22,071      
and cash equivalents, beginning of year                                                         
Cash                                             $23,482                   $133,793             
and cash equivalents, end of period                                                             
Supplemental                                                                                    
Disclosures of Cash Flow Information:                                                           
Cash                                             $2,099                    $2,196               
paid for interest                                                                               
 
The accompanying notes are an integral part of these interim unaudited consolidated financial statements
 
7

Arvana Inc.
 Notes to Condensed Consolidated Financial Statements
 For the Three Months Ended March 31, 2025 and 2024
 (Unaudited)
 
Note 1 – Organization
 
Arvana
 
Arvana Inc. (the “Company”) was incorporated in the State of Nevada on June 16, 1977, as Turinco, Inc. On July 24, 2006, the Company changed its name to Arvana Inc. to reflect the acquisition of a telecommunications business. The Company discontinued its telecommunications operations as of December 31, 2009.
Down 2 Fish
 
On February 3, 2023, the Company acquired Down 2 Fish Charters, LLC (“Down2Fish”), which was organized in the State of Florida on April 1, 2019. Down2Fish operates a Florida based fishing charter business offering a range of curated maritime adventures including inshore, offshore, and custom charters for fishing enthusiasts, nature lovers, and tourists. The business is operated from a private dock in Palmetto, Florida that services the Tampa Bay area in addition to St Petersburg, Sarasota, Venice, Port Charlotte, and Clearwater. Down2Fish generates its revenue from the sale and provision of fishing charter services as well as the lease of Down2Fish’s marine equipment. 
Note