Arvana Inc., operating under the name Down2Fish, is a small Florida-based fishing charter business focused on inshore, offshore, and sightseeing tours, with plans to expand its service offerings.

# Company Overview Summary

## Company Name
- **Arvana Inc.**

## Business Activities
- **Primary Operations**: Operates a Florida-based fishing charter business under the name **Down2Fish**.
- **Services Offered**:
  - Inshore/coastal fishing boat charters (full or half-day adventures)
  - Offshore deep-sea fishing charters (all-day trips up to 80 miles offshore)
  - Sightseeing tours on local waterways, including aquatic and terrestrial points of interest
  - Custom or special event charters (e.g., weddings, corporate outings, birthday parties)
  - Future plans include dolphin watching tours and exploring whale watching services
  
## Revenue and Financials
- **2024 Revenue**: $67,964 (approximately the same as 2023)
- **2023 Revenue**: $68,276
- **Net Loss (2024)**: $447,495 (decrease from prior loss)
- **Net Loss (2023)**: $1,316,573
- **Operational Focus**: The fishing charter business was curtailed due to vessel repairs in late 2023; revenue largely from charter services.
- **Expenses**:
  - Cost of services in 2024: $34,320
  - Operating expenses in 2024: $406,236
- **Gross Profit**: $33,644 in 2024

## Customers and Market
- No specific customer count provided.
- Industry faces competition from local fishing operators such as Queen Fleet Deep Sea Fishing, Poseidon Fishing Charters, and Florida Reels Fishing Charters.

## Employees
- **Down2Fish**: Operates with minimal or no significant employees currently.
- **Management Dependency**: Mainly managed by a small team with an experienced captain guiding charters.
- **Ownership of Vessel & Equipment**:
  - Vessel and equipment in good condition
  - Vessel is under operating lease ending December 2025

## Company Structure and Status
- **Incorporated**: 1977 in Nevada (originally Turinco, Inc.)
- **Name Change**: To Arvana Inc. in 2006 after acquiring a telecommunications business (which was discontinued in 2009).
- **Acquisition**: Bought Down2Fish in February 2023, including assets like boats, licenses, and equipment.
- **Other Opportunities**: Announced a potential business acquisition of FirstShot Centers for repurposing malls, but ended discussions.

## Shareholders and Market
- **Shares Outstanding (2025)**: 108,345,554 shares
- **Market Capitalization**: Approximately $12.6 million based on a $0.45 bid/ask average on June 30, 2024.
- **Stock Trading**: OTC Pink Sheets ("AVNI")
- **Ownership**:
  - Major shareholders include Bondock LLC and Pinto Concepts, Inc. (holding approx. 39.46% and 9.27%)
  - Other notable owners: officers, directors, and small individual investors

## Regulatory and Environmental
- Complies with U.S. Coast Guard, NOAA, and Florida Fish and Wildlife regulations.
- Vessel licenses and permits held, including federal fishing licenses.
- Focuses on environmentally responsible fishing practices.

## Future Plans
- Expansion of marketing efforts and service offerings.
- Investment in additional vessels for bigger tours (e.g., dolphin watching).
- Potential growth relies on capital raising and business development.

**Note**: The company operates with a small team, has incurred significant net losses, and is in early stages of expanding its fishing charter business.

Arvana Inc. operates Down2Fish, a Florida-based fishing charter company, providing a variety of fishing and sightseeing charter services.

# Arvana Inc. Overview

### Company Identity
- **Name**: Arvana Inc.
- **Incorporation**: Nevada, 1977 (originally as Turinco, Inc.)
- **Subsidiary**: Down 2 Fish Charters, LLC, acquired February 3, 2023.
- **OTC Symbol**: AVNI
- **Headquarters**: 
  - Executive Office: 299 Main Street, 13th Floor, Salt Lake City, Utah 84111.
  - Business Office: 901 25th Avenue W, Palmetto, Florida 34221.

### Business Operations
**Primary Business**: Arvana operates Down2Fish, a fishing charter company based in Florida. Down2Fish offers a variety of fishing and sightseeing charter services primarily in the Tampa Bay area.

### Services Offered
1. **Inshore/Coastal Fishing Charters**
   - Full or half-day adventures within three miles from the beach.
   - Target species include mangrove snapper, snook, redfish, tarpon, and cobia.
  
2. **Offshore Fishing Charters**
   - All-day trips traveling up to eighty miles from shore.
   - Target larger species such as red grouper, mahi mahi, American red snapper, and various shark species.
  
3. **Sightseeing Fishing Charters**
   - Guided tours highlighting aquatic and terrestrial points of interest.
  
4. **Custom Fishing Charters**
   - Tailored tours for special events (weddings, corporate outings, etc.).

### Additional Services in Development
- Dolphin watching charters are planned to expand offerings, requiring purchase of larger vessels.
  
### Industry Context
- As of September 2023, the fishing charter industry has been experiencing moderate decline due to factors like COVID-19 and rising inflation. However, projections suggest growth in the coming years, with expected annual revenue increases.

### Competitive Landscape
- Intense competition exists, notably from:
  - **Queen Fleet Deep Sea Fishing**: A family-owned business with over 60 years of experience.
  - **Poseidon Fishing Charters**: Specializes in specific fishing species and offers additional activities.
  - **Florida Reels Fishing Charters**: Operated by a single owner with a focus on quality equipment and local knowledge.

### Staffing
- **Arvana**: 1 employee (CEO/CFO/Director).
- **Down2Fish**: Currently employs a manager and plans to hire additional staff to increase charter tours.

### Financials
- **Revenue & Income**: Specific numbers are not disclosed in the report; however, it is mentioned that the fishing charter industry as a whole has a revenue of approximately $440.3 million (as of the report) but has experienced an annualized decline of 4.8% in the past five years.

### Compliance and Regulation
- Arvana is subject to federal, state, and local regulations that govern fishing charters, including licensing needs and safety requirements. Compliance with environmental and safety regulations is critical to operations.

### Conclusion
Arvana Inc. focuses on providing memorable fishing and sightseeing experiences through Down2Fish in Florida’s competitive fishing charter market. The company seeks to enhance service offerings and expand its brand presence while navigating a challenging economic landscape.

ARVANA INC

10-K / July 17, 2025

10-K / April 5, 2024

10-K / July 17, 2025

Company Overview Summary

Company Name

Business Activities

Revenue and Financials

Customers and Market

Employees

Company Structure and Status

Shareholders and Market

Regulatory and Environmental

Future Plans