Company: AVNI
Filing Date: 2025-07-15
Form Type: 10-Q/A
Source: 0001713282-25-000559
Chunk: 20

Company: ARVANA INC
Filing Date: 2025-07-15
Form: 10-Q/A
Chunk 20
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 reports for subsequent            
 quarters.                                                                                            |

| • | Gross                                                                                    
 Profit was increased by $7,379 to report $7,379 as a result of the changes listed above. |

| • | Depreciation                                                                                      
 Expense, as included in Operating Expenses, was increased by $6,712 to report $6,712. Previously, 
 Depreciation was included in Other Income and Expenses on the statement of operations. This       
 change was made to reflect the appropriate inclusion of depreciation in Operating Expenses        
 because all of the fixed assets being depreciated are used directly in activities generating      
 Charter Revenue and Lease Revenue. An issue with $1 of rounding error was also fixed.             |

| • | General                                                                                    
 and Administrative expenses were decreased by $895 to report $105,972, reflecting a $3,471 
 increase to stock-based compensation and a $4,366 decrease to other operating expenses.    |

| • | Professional                                                                                
 Fees were decreased by $10,251 to report $1,210 due to certain corrections to accruals made 
 for professional fees in accounts payable.                                                  |

| • | Interest                                                                                 
 Expense was increased by $807 to report ($17,223). This change was due to corrections to 
 the estimates previously used to record accrued interest.                                |

| • | Net                                                                                        
 Loss was decreased by $5,723 to report ($123,714) as a result of the changes listed above. |

| 20 |

Note 12 – Restatements– ( continued)

The following table summarizes the changes made to the Condensed Consolidated Statement of Operations for the Three Months Ended March 31, 2024:

| Schedule of restatements of condensed consolidated statement of operations |     | For the Three Months Ended March 31, 2024 |          |   |     |             |         |   |     |          |          |   |
|:---------------------------------------------------------------------------|:----|:------------------------------------------|---------:|:--|:----|:------------|--------:|:--|:----|:---------|---------:|:--|
|                                                                            |     | As Previously                             |          |   |     | Effect of   |         |   |     | As       |          |   |
|                                                                            |     | Issued                                    |          |   |     | Restatement |         |   |     | Restated |          |   |
| Revenue:                                                                   |     |                                           |          |   |     |             |         |   |