Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001713282-25-000574
Chunk: 34

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-K
Item: Item 8
Chunk 34
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 development costs, accrual of professional fees, and accounting for stock-based
compensation expense including the forfeiture of unvested stock options. The Company evaluated the materiality of the errors in accordance
with the guidance in ASC 250, Accounting Changes and Error Corrections, and determined that the errors were material to the previously
issued interim financial statements. Accordingly, the Company restated its financial statements for the affected periods.

The
corrections did not impact the audited consolidated financial statements for the year ended December 31, 2024. For a detailed discussion
of the restatements, refer to the amended Forms 10-Q for the applicable periods as filed with the Securities and Exchange Commission.

ITEM
9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE