Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-Q
Source: 0001713282-25-000578
Chunk: 11

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-Q
Item: Item 2
Chunk 11
---
 of customers on each excursion, the Company will continue to focus on offering more fishing charter excursions to build revenue and improve the results of operations. 
Results of Operations
 
During the three months ended March 31, 2025, the Company did not obtain any new financing. The charter fishing business was able to generate sufficient revenue to sustain operations for the period. Management continues to evaluate and pursue other business opportunities including real estate ventures.
 
The Company’s results of operations for the three months ended March 31, 2025, as compared to the three months ended March 31, 2024, were as follows:
 

                                                Three Months Ended               
---------------------------------------------------------------------------------
                                March 31,                                        
                            2025                       2024                      
                                (Unaudited)                 (Unaudited)          
Total Revenue                   $22,598                     $12,000              
Cost of Services                         7,023                        4,621      
Gross Profit                            15,575                        7,379      
Operating Expenses                      79,191                      113,894      
Operating Loss                         (63,616     )               (106,515     )
Other Income and Expenses              (15,494     )                (17,199     )
Net Loss                        $(79,110           )        $(123,714           )

17

Revenue
 
Total revenue from operations was $22,598 for the three months ended March 31, 2025, compared to $12,000 for the three months ended March 31, 2024, an increase of 88.3%. Revenue was comprised of fishing charter services and lease revenue from the part-time lease of the Company’s marine equipment. The Company expects charter revenue to rise in the second and third quarters during the peak fishing season, and then taper off in the fourth quarter as the fishing season comes to an end. 
Cost of Services
 
Cost of services for operations was $7,023 for the three months ended March 31, 2025, compared to $4,621 for the three months ended March 31, 2024, an increase of 52.0%. Cost of services was comprised of expenses directly related to operating the Company’s marine equipment, and the variation in cost of services matches management’s expectations. 
Operating Expenses
 
Operating expenses were $79,191 for the three months ended March 31, 2025, compared to $113,894 for the three months ended March 31, 2024, a decrease of 30.5%.