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AVNI Arvana

The Company was incorporated in the State of Nevada on June 16, 1977, as “Turinco Inc.” to engage in any legal undertaking. On July 24, 2006, the Company’s name was changed from Turinco Inc. to Arvana Inc. to reflect the acquisition of Arvana Networks Inc., a telecommunications business. We discontinued efforts related to our telecommunications business as of December 31, 2009. We have since been in the process of seeking other business opportunities.

AVNI stock data

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Calendar

16 Aug 21
20 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
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Cash on hand
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Diluted EPS

Financial data from Arvana earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 15.6K 15.6K 15.6K 15.6K 15.6K 15.6K
Cash burn (monthly) (positive/no burn) (positive/no burn) 5.88K 5.46K 476.67 1.36K
Cash used (since last report) n/a n/a 21.79K 20.23K 1.77K 5.04K
Cash remaining n/a n/a -6.18K -4.63K 13.84K 10.56K
Runway (months of cash) n/a n/a -1.1 -0.8 29.0 7.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
23 Jul 21 Altaf Nazerali Common Stock, Par Value $0.001 Per Share Other Acquire J Yes No 0.04 23,124,399 924.98K 23,504,489
23 Jul 21 Altaf Nazerali Common Stock, Par Value $0.001 Per Share Other Acquire J Yes No 0.04 259,375 10.38K 1,392,065
23 Jul 21 Altaf Nazerali Common Stock, Par Value $0.001 Per Share Other Acquire J No No 0.04 393,750 15.75K 1,506,660
23 Jul 21 Alkiviades David Common Stock, Par Value $0.001 Per Share Other Acquire J Yes No 0 28,488,336 0 31,118,506

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
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Financial report summary

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Management Discussion
  • During the year ended December 31, 2020, the Company satisfied continuous public disclosure requirements and continued to finance its operations with loans that originated from CaiE and a shareholder of the Company.
  • Our operations for the years ended December 31, 2020 and 2019 are summarized in the following table.
  • Net loss for the year ended December 31, 2020 was $477,596 as compared to net income of $112,252 for the year ended December 31, 2019. The net loss over the twelve month period ended December 31, 2020, can be attributed to debt settlements, and the increases in general administrative expenses, professional fees, and foreign exchange loss, offset by a decrease in interest expenses. Net loss over the twelve month period ended December 31, 2020, is attributed to a loss on debt settlements based on a settlement price per share that was lower than the market price per share on the settlement dates, an increase in professional fees and general administrative expenses attributed to costs related to the debt settlements, while the increase in foreign exchange loss is due to volitility in foreign currencies against the US dollar that impacts the cost of expenses payable in foreign currencies, offset by a decrease in interest expense. Net income over the twelve month period ended December 31, 2019, is attributed to the write-down of certain amounts due to related parties, certain amounts included in accounts payable, and accrued liabilities.
Content analysis
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Readability
H.S. freshman Avg
New words: Alki, appointment, assumed, coincident, combination, concurrent, conveyed, David, derived, discovery, enterprise, equal, extent, fourteen, issuable, lead, NaN, person, phase, previously, promulgated, prospective, receipt, removed, represent, resignation, strategy
Removed: aggregate, evaluate, identify, intention, making, net, objective, SEC, securing, seeking

Registration and prospectus

No filings

Other

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