Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000560
Chunk: 20

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 20
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 result, the Company has restated its financial statements for the affected periods.

The financial statements and related disclosures presented in this Quarterly Report reflect revised and corrected amounts. The Management’s Discussion and Analysis (MD&A) section below reflects restated results for all affected periods.

Results of Operations

During the six months ended June 30, 2024, the Company obtained financing through related-party debt to sustain operations, maintain the charter fishing business, and provide management the resources needed to evaluate other business opportunities.

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The Company’s results of operations for the three and six months ended June 30, 2024, as compared to the three and six months ended June 30, 2023, were as follows:

| ARVANA                                     
 INC.                                       
 CONDENSED                                  
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 
 June                                       
 30, 2024                                   |
|:-------------------------------------------|
| (Unaudited)                                |
| (Restated)                                 |

|                     |     | Three        
 Months Ended 
 June         
 30,          
 2024         
 (Unaudited)  |          |   |     | 2023        
 (Unaudited) |          |   |     | Six          
 Months Ended 
 June         
 30,          
 2024         
 (Unaudited)  |          |   |     | 2023        
 (Unaudited) |            |   |
|:--------------------|:----|:-------------|---------:|:--|:----|:------------|---------:|:--|:----|:-------------|---------:|:--|:----|:------------|-----------:|:--|
| Total Revenue       |     | $            |   25,830 |   |     | $           |   25,579 |   |     | $            |   37,830 |   |     | $           |     33,579 |   |
| Cost of Services    |     |              |   13,769 |   |     |             |    8,781 |   |     |              |   18,390 |   |     |             |      9,041 |   |
| Gross Profit        |     |              |   12,061 |   |     |             |   16,798 |   |     |              |   19,440 |   |     |             |     24,538 |   |
|