Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001713282-25-000574
Chunk: 30

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-K
Item: Item 8
Chunk 30
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 31, 2023, accrued payroll of $ 0 and $ 30,000 is included in related-party payables.

During
the year ended December 31, 2022, the Company issued 600,000 shares of common stock at a price of $ 0.067 with a fair value of $ 40,000 to settle $ 40,000 in accounts payable owed to a company controlled by the Company’s
Chief Executive Officer at the time. No gain or loss was recognized on the settlement, and no share-issuance costs were incurred.

At
December 31, 2024 and 2023, the Company included $ 1,400and $ 1,200 in related-party payables for accrued fees owed to board members
for services rendered.

At
December 31, 2024 and 2023, the Company owed $ 0and $ 15,000 to a company controlled by a related party for website creation,
website development, and web hosting services. These amounts are included in related-party payables.

During
the years ended December 31, 2024 and 2023, the Company recorded stock-based compensation of $ 158,655 and $ 249,952 for the grant of stock options to its Chief Executive Officer,
board members, and other parties. See Note 10 for more information.

During
the years ended December 31, 2024 and 2023, the Company has repaid non-interest-bearing notes payable to related parties totaling $ 132,000 and $ 0 which were due at various dates between May 30, 2024 and January
15, 2025.

The
Company has an interest-bearing note payable to a related party for $ 300,000 with an original due date of February 22, 2025 which has been
extended, by mutual agreement, to January 31, 2026.

The
Company has a non-interest-bearing note payable to a related party for $ 50,000 with an original due date of April 23, 2025 which has been
extended, by mutual agreement, to January 31, 2026.

On
April 4, 2024, the Company paid the annual interest payment due to the seller of Down2Fish in connection with the note payable related
to the purchase of Down2Fish.

Subsequent
to the end of the reporting period, the Company executed a series of amendments to promissory notes with