Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001713282-25-000578
Chunk: 12

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 2
Chunk 12
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 The changes in operating expenses over the comparative periods were attributed to reductions in general and administrative expenses including stock-based compensation and executive payroll, offset by increases in consulting fees, accounting fees, and auditing expenses. The Company expects operating expenses to increase in future periods as management’s business development strategies are implemented while accounting and auditing professional fees are expected to increase over the next year. 
Other Income and Expense
 
Other income and expense resulted in a net expense of $15,494 for the three months ended March 31, 2025, compared to $17,199 for the three months ended March 31, 2024. The decrease in other income and expense over the comparative periods was attributed to reductions in interest expense charged on the boat loans as the principal balances are paid down. The Company expects to continue to recognize other income and expense in future periods as debt instruments continue to incur interest. 
Net Loss
 
Net loss was $79,111 for the three months ended March 31, 2025, compared to $123,714 for the three months ended March 31, 2024, a decrease of 36.1%. The reduction in net loss over the comparative periods was primarily attributed to an increase in fishing charter revenue and a decrease in operating expenses including costs associated with executive compensation and stock-based compensation as management streamlines the Company’s operations. The Company expects to continue to realize net losses from operations over the next twelve months as management works to implement its business model.
 
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Capital Expenditures
 
The Company spent $6,676 on capital expenditures during the three months ended March 31, 2025 to purchase marine equipment for fishing charters. The Company did not make any capital expenditures during the three months ended March 31, and 2024. 
Liquidity and Capital Resources
 
Since inception, the Company has experienced significant changes in liquidity, capital structure, and stockholders’ deficit.
 
The Company had current assets of $27,582 as of March 31, 2025, consisting of cash and a bond, compared to $18,393 as of December 31, 2024, with a similar asset composition. Total assets were $209,841 as of March 31, 2025, including current assets, property and equipment, and intangible assets, compared to $202,176 as of December 31, 2024, with a similar asset composition.
 
The Company had current liabilities of $1,383,532 as of March 31, 2025