Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001713282-25-000574
Chunk: 29

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-K
Item: Item 8
Chunk 29
---
  Schedule                        
  Year                   Amount   
  2025                   $52,000  
  Total                  $52,000  

Note
7 - Notes Payable

Notes
payable are as follows:

  Schedule                                                                                                                         
                                                                             December                     December                 
                                                                             2024                         2023                     
  Note payable to                                                            $               119,452      $               130,212  
  Note payable to a bank, interest                                                             7,832                       20,270  
  Note payable to seller (a                                                                  700,000                      700,000  
  Note payable to majority shareholder,                                                      300,000                            —  
  Note payable to majority shareholder,                                                       50,000                            —  
  Note payable to majority shareholder,                                                            —                      112,000  
  Note payable to a related                                                                   24,644                       33,144  
  Note payable to a related                                                                   10,000                       10,000  
  Note                                                                                        26,000                       26,000  
  Total                                                                                    1,237,928                    1,031,626  
  Less:                                                                                     ( 12,515                     ( 79,438  
  Less:                                                                                    ( 760,644                    ( 112,000  
  Notes                                                                      $               464,769      $               840,188  

Principal
maturities of notes payable are as follows:

  Schedule                                                             
  Year                                          Amount                 
  2025                                          $             773,159  
  2026                                                        358,199  
  2027                                                          7,120  
  2028                                                          7,597  
  2029                                                          8,145  
  Thereafter                                                   83,708  
  Total                                         $           1,237,928  

Note
8 - Related-Party Transactions and Notes Payable to Stockholders

Effective
September 1, 2022, the Company signed an employment agreement with its Chief Executive Officer at the time for $ 90,000 per year plus incentive stock options until year-end December
31, 2022, and thereafter for $ 120,000 per year over the term. In July, 2024 the Board of Directors
terminated the CEO’s employment for cause and then appointed a new CEO on July 17, 2024. The new CEO’s compensation is $ 60,000 per year beginning in July of 2024. At September 30, 2024 and
December