ARVANA INC. Files 10-K for Fiscal Year Ended December 31, 2023

TL;DR

<b>ARVANA INC. (AVNI) has filed its annual 10-K report detailing financial performance and corporate information for the fiscal year ending December 31, 2023.</b>

AI Summary

ARVANA INC (AVNI) filed a Annual Report (10-K) with the SEC on April 5, 2024. ARVANA INC. filed its 10-K report for the fiscal year ending December 31, 2023. The company was formerly known as TURINCO INC. and changed its name on May 2, 2000. ARVANA INC. is incorporated in Nevada (NV) with its principal business address in Salt Lake City, Utah (UT). The filing includes financial data for the fiscal years 2023, 2022, and 2021. Specific financial statement members such as Common Stock, Additional Paid-In Capital, Retained Earnings, and Treasury Stock are detailed for these periods.

Why It Matters

For investors and stakeholders tracking ARVANA INC, this filing contains several important signals. This 10-K filing provides a comprehensive overview of ARVANA INC.'s financial health, operational activities, and risk factors for the fiscal year 2023, crucial for investors assessing the company's current standing and future prospects. The detailed financial statements and disclosures within the 10-K allow stakeholders to understand the company's financial position, including assets, liabilities, equity, and changes therein, as well as its revenue streams and profitability.

Risk Assessment

Risk Level: medium — ARVANA INC shows moderate risk based on this filing. The filing is a standard 10-K, which is a comprehensive annual report. While it contains detailed financial information, specific forward-looking statements or significant recent events that would drastically alter the risk profile are not immediately apparent from the header information alone.

Analyst Insight

Review the detailed financial statements and risk factors within the full 10-K filing to understand ARVANA INC.'s financial performance and potential risks for the fiscal year 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-04-05 — Filing Date (Date of submission)
• 2000-05-02 — Name Change Date (Date ARVANA INC. formerly known as TURINCO INC.)
• 870618509 — IRS Number (Company's IRS identification number)

Key Players & Entities

• ARVANA INC (company) — Filer name
• TURINCO INC (company) — Former company name
• SALT LAKE CITY (company) — Business address city
• UT (company) — Business address state
• NV (company) — State of incorporation
• 2023-12-31 (date) — Fiscal year end
• 2024-04-05 (date) — Filing date
• 000-30695 (regulator) — SEC file number

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-04-05: Filing Date — Date the 10-K report was officially submitted to the SEC.

Key Financial Figures

• $0.001 — Section 12(g) of the Act: Common Stock, $0.001 par value. Indicate by check mark if
• $0.45 — n the average of the bid and ask price ($0.45) on June 30, 2023. At April 5, 2024,
• $50,000 — in exchange for fifty thousand dollars ($50,000) and a secured promissory note ("Note")
• $700,000 — ount of seven hundred thousand dollars ($700,000) payable twenty-four (24) months after
• $440.3 million — zed rate of 4.8% through that period to $440.3 million. Despite the fall in revenue, the IBISW
• $511.3 — evenue at an annualized rate of 3.0% to $511.3 over the next five years as disposable

Filing Documents

• avni123123form10k.htm (10-K) — 991KB
• ex31_1.htm (EX-31) — 10KB
• ex32_1.htm (EX-32) — 5KB
• image_002.jpg (GRAPHIC) — 11KB
• image_001.jpg (GRAPHIC) — 2KB
• image_004.jpg (GRAPHIC) — 8KB
• 0001607062-24-000118.txt (&nbsp;) — 3348KB
• avni-20231231.xsd (EX-101.SCH) — 26KB
• avni-20231231_cal.xml (EX-101.CAL) — 37KB
• avni-20231231_def.xml (EX-101.DEF) — 63KB
• avni-20231231_lab.xml (EX-101.LAB) — 199KB
• avni-20231231_pre.xml (EX-101.PRE) — 159KB
• avni123123form10k_htm.xml (XML) — 304KB

Signatures

Signatures 30 PART I ITEM 1 BUSINESS As used herein the terms "Arvana," "we," "our," and "us" refer to Arvana Inc., its subsidiary, and its predecessor, unless context indicates otherwise. Any distinct references to Down2Fish refer to Down 2 Fish Charters, LLC., a wholly owned subsidiary of Arvana. FORWARD-LOOKING The information in this Annual Report on Form 10-K contains forward-looking statements that involve risks and uncertainties, including our capital needs, business plans and expectations. Forward-looking statements also involve risks and uncertainties regarding our business, capital, government regulations, stock price, operating costs, capital costs, and other factors. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. You can identify forward-looking statements by terminology such as "may", "will", "should", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential" or "continue", the negative of such terms, or other comparable terminology. Forward-looking statements are based on assumptions and analyses made by management considering their experience and perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. Actual events or results may differ materially. We disclaim any obligation to publicly update forward-looking statements or disclose any difference between actual results and those reflected in these statements. Given these uncertainties, readers are cautioned not to place undue reliance on forward-looking statements. Overview Arvana was incorporated in the State of Nevada on June 16, 1977, as "Turinco, Inc." to engage in any legal undertaking. On July 24, 2006, Arvana changed its name from Turinco, Inc. to Arvana Inc. on the acquisition of Arvana Networks, Inc., a telecommunications business. We discontinued efforts relat

View Full Filing

View this 10-K filing on SEC EDGAR