Arvana Inc (OTC Pink: AVNI) is a fishing charter company that operates inshore, offshore, and custom maritime charter trips through its Down2Fish subsidiary. Revenue comes from the direct sale of fishing charter services, with trips offered as half-day and full-day packages departing from a private dock in Palmetto, Florida. Down2Fish services the Tampa Bay area as well as St. Petersburg, Sarasota, Venice, Port Charlotte, and Clearwater. As of the 10-K filed July 17, 2025 for fiscal year ended December 31, 2024, the company had no employees at the parent level, relied on non-employee compensation arrangements for both its CEO and the Down2Fish manager, and reported a material weakness in internal controls due to a single individual holding sole responsibility for financial reporting as both CEO and acting CFO. James Kim serves as CEO and Andrew E. Morrison as CFO, with Sir John Baring as Chairman. Common stock trades on the OTC Pink Sheets under the symbol AVNI. Arvana has 93 stockholders of record holding 107,845,554 shares as of the filing date and has not paid cash dividends.

Revenue model

Transactional: revenue generated from the sale of fishing charter services including inshore half-day and full-day charters, offshore deep-sea charters traveling up to eighty miles offshore, and custom charters. No subscription or recurring revenue model is disclosed in the FY2024 10-K.

Products and services

Inshore fishing charters (half-day and full-day, up to three miles from shore); offshore deep-sea fishing charters (all-day, up to eighty miles offshore); custom charters for fishing enthusiasts, nature lovers, and tourists. Fishing lessons and catch cleaning assistance are included on charters.

Customers and end markets

Recreational fishing enthusiasts, nature lovers, and tourists visiting the Tampa Bay area of Florida. No customer concentration data disclosed in the FY2024 10-K.

Value-chain role

Direct-to-consumer operator of saltwater fishing charter services. Holds required regulatory licenses including U.S. Coast Guard Captain's License, NOAA Gulf of Mexico Charter/Headboat permits for Reef Fish and Coastal Migratory Pelagics, and Florida Charter Captain or Boat Fishing License.

Geographic exposure

Florida Gulf Coast, operating from a private dock in Palmetto, Florida. Service area covers Tampa Bay, St. Petersburg, Sarasota, Venice, Port Charlotte, and Clearwater (as disclosed in the FY2024 10-K).

Source: SEC 10-K, filed 2025-07-17

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