Arvana (AVNI) 10-Q 15 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 14, 2018
Document and Entity Information:
Entity Registrant Name	ARVANA INC
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Trading Symbol	avni
Amendment Flag	false
Entity Central Index Key	1,113,313
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		1,034,030
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash	$ 3,708	$ 4,730
Total assets	3,708	4,730
Current liabilities
Accounts payable and accrued liabilities	1,088,046	1,075,409
Convertible loan (net of discount of $nil and $14,583 respectively (Note 8)	50,000	50,000
Loans payable to stockholders (Note 3)	606,068	600,651
Loans payable to related party (Note 3)	130,407	131,000
Loans payable (Note 3)	75,556	75,813
Amounts due to related parties (Note 3)	546,816	549,132
Total current liabilities	2,496,893	2,482,005
Stockholders' deficiency
Common stock, $0.001 par value 5,000,000 authorized,1,034,030 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively	1,034	1,034
Additional paid-in capital	21,225,717	21,225,717
Deficit	(23,716,600)	(23,700,690)
Total Stockholders Deficit Before Treasury Stock	(2,489,849)	(2,473,939)
Less: Treasury stock – 2,085 common shares at	(3,336)	(3,336)
Total stockholders' deficiency	(2,493,185)	(2,477,275)
Total liabilities and stockholders' deficit	$ 3,708	$ 4,730

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Convertible loan, net of discount		$ 14,583
Common stock par value	$ 0.001	$ 0.001
Common stock shares authorized	5,000,000	5,000,000
Common stock shares issued	1,034,030	1,034,030
Common stock outstanding	1,034,030	1,034,030
Treasury stock	2,085	2,085

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Operating expenses
General and administrative	$ 3,541	$ 2,576
Professional fees	3,538	5,381
Total operating expenses	7,079	7,957
Loss from operations	(7,079)	(7,957)
Interest expense	(13,013)	(16,598)
Foreign exchange gain (loss)	4,182	(16,708)
Net loss and comprehensive loss	$ (15,910)	$ (41,263)
Per common share information - basic and diluted:
Weighted average shares outstanding	1,034,030	1,034,030
Net loss per common share - basic and diluted	$ (0.02)	$ (0.04)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net loss	$ (15,910)	$ (41,263)
Item not involving cash:
Unrealized foreign exchange	12,264	13,397
Accretion		4,167
Changes in non-cash working capital:
Accounts payable and accrued liabilities	13,334	16,247
Amounts due to related parties	(10,709)	1,946
Net cash used in operations	(1,021)	(5,506)
Cash flows from investing activities
Net cash used in investing activities
Cash flows from financing activities
Proceeds of loans payable		17,800
Net cash provided by financing activities		17,800
Change in cash	(1,021)	12,294
Cash, beginning of period	4,730	6,045
Cash, end of period	3,708	18,339
Supplementary information
Cash paid for interest
Cash paid for income taxes

Note 1_ Nature of Business and

Note 1: Nature of Business and Ability To Continue As A Going Concern	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note 1. Nature of Business and Ability To Continue As A Going Concern	1. Nature of Business and Ability to Continue as a Going Concern Arvana Inc. (“our”, “we”,”us” and the “Company”) was incorporated under the laws of the State of Nevada as Turinco, Inc. on September 16, 1977. On July 24, 2006, the shareholders approved a change of the Company’s name from Turinco, Inc. to Arvana Inc. These condensed consolidated financial statements for the three-month period ended March 31, 2018, include the accounts of the Company and its subsidiary Arvana Networks Inc. (including its wholly-owned subsidiaries, Arvana Participaçōes S.A. and Arvana Comunicações do Brasil S. A. The Company has ceased all operations in its subsidiary companies, and has written-off or disposed of all assets in the subsidiary companies, consequently same are all considered to be inactive subsidiaries. The reporting currency and functional currency of the Company and its subsidiaries is the United States dollar (“US Dollar”) and the accompanying consolidated financial statements have been expressed in US Dollars. These condensed consolidated financial statements have been prepared on a going concern basis, which assumes the realization of assets and the settlement of liabilities in the normal course of business. For the three-month period ended March 31, 2018, the Company recognized a net loss of $15,910 as a result of general administrative expenses, professional fees, interest expenses and foreign exchange. At March 31, 2018, the Company had a working capital deficiency of $2,493,185. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Accordingly, the Company will require continued financial support from its shareholders and creditors until it is able to generate sufficient cash flow from operations on a sustained basis. There is substantial doubt that the Company will be successful at achieving these results. Failure to obtain the ongoing support of its shareholders and creditors may make the going concern basis of accounting inappropriate, in which case the Company’s assets and liabilities would need to be recognized at their liquidation values. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might arise from this uncertainty.

Note 2_ Summary of Significant

Note 2: Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note 2: Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of presentation The Company is in the process of transacting a business opportunity and has minimal operating levels. The Company’s fiscal year end is December 31. The accompanying condensed interim consolidated financial statements of Arvana Inc. for the three months ended March 31, 2018 and 2017, have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for financial information with the instructions to Form 10-Q and Regulation S-X. Results are not necessarily indicative of results which may be achieved in the future. Although they are unaudited, in the opinion of management, they include all adjustments, consisting only of normal recurring items, necessary for a fair presentation. Results are not necessarily indicative of results which may be achieved in the future. The condensed consolidated interim financial statements and notes appearing in this report should be read in conjunction with our consolidated audited financial statements and related notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as filed with the Securities and Exchange Commission (“SEC”) on April 16, 2018. Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates include the recognition of deferred tax assets based on the change in unrecognized deductible temporary tax differences. Financial instruments The Company uses the following methods and assumptions to estimate the fair value of each class of financial instruments for which it is practicable to estimate such values: Cash - the carrying amount approximates fair value because the amounts consist of cash held at a bank. Accounts payable and accrued liabilities, convertible loan, loans payable and amounts due to related parties - the carrying amount approximates fair value due to the short-term nature of the obligations. Financial instruments (continued) The estimated fair values of the Company's financial instruments as of March 31, 2018 and December 31, 2017 follows: March 31, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Cash $ 3,708 $ 3,708 $ 4,730 $ 4,730 Accounts payable and accrued liabilities 1,088,046 1,088,046 1,075,409 1,075,409 Convertible loan 50,000 50,000 50,000 50,000 Loans payable to stockholders 606,068 606,068 600,651 600,651 Loans payable to related party 130,407 130,407 131,000 131,000 Loans payable 75,556 75,556 75,813 75,813 Amounts due to related parties $ 546,816 $ 546,816 $ 549,132 $ 549,132 The following table presents information about the assets that are measured at fair value on a recurring basis as of March 31, 2018, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and included situations where there is little, if any, market activity for the asset: March 31, 2018 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash $ 3,708 $ 3,708 $ — $ — The fair value of cash is determined through market, observable and corroborated sources. Recent accounting pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02, Leases (Topic 842). In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updates ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Note 3_ Loans Payable

Note 3: Loans Payable	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note 3: Loans Payable	3. Loans Payable As of March 31, 2018, the Company had received loans of $606,068 (Euro 225,000; CAD$ 72,300; $273,107) (December 31, 2017 - $600,651: Euro 225,000; CAD$ 72,300; $273,107) from stockholders, loans of $130,407 (CAD$ 27,600; $109,000) (December 31, 2017 – $131,000: CAD$ 27,600; $109,000) from a related party and loans of $75,556 (CAD$ 10,000; $67,800) (December 31, 2017 – $75,813: CAD$ 10,000; $67,800) from unrelated third parties. All of the loans bear interest at 6% per annum except for $27,800 in loans to unrelated third parties which bears interest at 10% per annum. The loans were made in 3 different currencies, Euros, Canadian Dollars and US Dollars. All amounts reflected on these consolidated financial statements are expressed in US Dollars. Repayment of the loans is due on closing of any future financing arrangement by the Company. The balance of accrued interest of $441,655 and $425,405 is included in accounts payable and accrued expenses at March 31, 2018, and December 31, 2017, respectively. Interest expense recognized on these loans was $13,013 for the three months ended March 31, 2018, compared to $16,598 for the three months ended March 31, 2017, respectively. Interest expense includes $nil in accretion of the discount on the convertible debt during the three months ended March 31, 2018, compared to $4,167 for the three months ended March 31, 2017. The Company also received a convertible loan of $50,000 from CaiE Food Partnership Ltd. (“CaiE”) as per Note 8. This loan bears interest of 10% and is convertible into common shares of the Company at a price of $0.20 per share. This loan matured on March 31, 2018 pursuant to an amending agreement dated November 17, 2017. On March 31, 2018, the Company entered into an amending agreement to extend the maturity date of the Convertible Note to March 31, 2019. All other terms remained unchanged. Interest expense recognized on the CaiE loan was $1,250 for the three months ended March 31, 2018, compared to $1,250 for the three months ended March 31, 2017.

Note 4_ Stock Options

Note 4: Stock Options	3 Months Ended
	Mar. 31, 2018
Notes to Financial Statements
Note 4: Stock Options	4. Stock Options The Company’s 2006 Stock Option Plan expired on June 4, 2016. At March 31, 2018 and December 31, 2017, there were no stock options outstanding. No options were granted, exercised or expired during the period ended March 31, 2018 and during the year ended December 31, 2017.

Note 5_ Common Stock

Note 5: Common Stock	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note 5: Common Stock	5. Common stock During the three months ended March 31, 2018 and year ended December 31, 2017, the Company had issued nil shares respectively.

Note 6_ Segmented Information

Note 6: Segmented Information	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note 6: Segmented Information	6. Segmented Information The Company has no reportable segments.

Note 7_ Related Party Transacti

Note 7: Related Party Transactions and Amounts Due to Related Parties	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note 7: Related Party Transactions	7. Related Party Transactions and Amounts Due to Related Parties At March 31, 2018, and December 31, 2017, the Company had amounts due to related parties of $546,816 and $549,132, respectively. This amount includes $136,100 at March 31, 2018, and December 31, 2017, payable to two former directors and a current director for services rendered during 2007. This amount is to be paid part in cash and part in stock at a future date with the number of common shares determined by the fair value of the shares on the settlement date. The amounts owing bear no interest, are unsecured, and have no fixed terms of repayment. The Company incurred consulting fees of $1,238 (2017 - $1,981) paid to a company controlled by our chief executive officer during the three months ended March 31, 2018. Our former chief executive officer and former director entered into a consulting arrangement on a month to month basis that provided for a monthly fee of CAD$5,000. These amounts have been accrued and are currently unpaid. This consulting arrangement ended on May 24, 2013. As of March 31, 2018, our former chief executive officer was owed $265,599 and $268,029 as of December 31, 2017 which are unsecured non-interest bearing amounts due on demand. Our former chief financial officer and former director had entered into a consulting agreement on a month to month basis that provides for a monthly fee of $2,000. These amounts have been accrued and are currently unpaid. This consulting arrangement ended on June 14, 2013. As of March 31,2018 and December 31, 2017 our former chief financial officer was owed $58,870 for services rendered as an officer. Our former chief executive officer and former director entered into a debt assignment agreement effective January 1, 2012, with a corporation with a former director in common and thereby assigned $157,260 (CAD$202,759) of unpaid amounts payable. Our former chief executive officer and former director entered into a debt assignment agreement effective January 1, 2012, with an unrelated third party and thereby assigned $53,357 of unpaid amounts payable and $100,000 of unpaid loans. Our former chief executive officer and former director is owed $130,407 for unsecured amounts bearing 6% interest due on demand loaned to the Company as of March 31, 2018, compared to $131,000 as of December 31, 2017. Our former chief executive officer and former director entered into a debt assignment agreement effective December 31, 2016, to assume $100,000 in unpaid loans and $83,357 in unpaid amounts payable from a third party. Our other former officers are owed a total of $84,187 for their prior services rendered as officers as at March 31, 2018, compared to $86,133 as of December 31, 2017. A director of the Company is owed $60,000 as of March 31, 2018 and December 31, 2017, for services rendered as a director during 2007. Two former directors of the Company are owed $76,100 as of March 31, 2018 and December 31, 2017 for services rendered as directors during 2007.

Note 8_ Convertible Loan

Note 8: Convertible Loan	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note: 8. Convertible Loan	8. Convertible Loan On May 18, 2016, the Company entered into a Convertible Promissory Note (“Convertible Note”) agreement pursuant to which the Company received $50,000 from CaiE. The $50,000 Convertible Note is convertible into common stock, in whole or in part, at any time and from time to time before maturity at the option of the holder at a fixed price of $0.20 per share. Due to the conversion price being lower than the closing share price on the issuance date, a beneficial conversion feature was recognized as a discount against the convertible note. The Convertible Note accrues interest at a rate equal to 10% per year. During the three months ended March 31, 2018 and 2017, $nil and $4,167 of the discount was amortized as interest expense, respectively. Interest expense recognized on this loan was $1,250 for the three months ended March 31, 2018, compared to $1,250 for the three months ended March 31, 2017, respectively. As at March 31, 2018 and December 31, 2017, the balance of the Convertible Note was $50,000. On November 17, 2017, the Company entered into an amending agreement to extend the maturity date to March 31, 2018, all other terms remained unchanged. On March 31, 2018, the Company entered into an amending agreement to extend the maturity date of the Convertible Note to March 31, 2019. All other terms remained unchanged.

Note 9_ Subsequent Events

Note 9: Subsequent Events	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Note 9: Subsequent Events	9. Subsequent Events The Company evaluated its March 31, 2018, financial statements for subsequent events through the date the financial statements were issued. The Company is not aware of any subsequent events which would require recognition or disclosure in the financial statements except as provided below: On April 12, 2018, the Company received an additional loan from CaiE in the amount of $10,000 with terms and conditions of this loan to be finalized at a later date.

Note 2_ Summary of Significan15

Note 2: Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2018
Policy Text Block [Abstract]
Basis of presentation	Basis of presentation The Company is in the process of transacting a business opportunity and has minimal operating levels. The Company’s fiscal year end is December 31. The accompanying condensed interim consolidated financial statements of Arvana Inc. for the three months ended March 31, 2018 and 2017, have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”) for financial information with the instructions to Form 10-Q and Regulation S-X. Results are not necessarily indicative of results which may be achieved in the future. Although they are unaudited, in the opinion of management, they include all adjustments, consisting only of normal recurring items, necessary for a fair presentation. Results are not necessarily indicative of results which may be achieved in the future. The condensed consolidated interim financial statements and notes appearing in this report should be read in conjunction with our consolidated audited financial statements and related notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations, contained in our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, as filed with the Securities and Exchange Commission (“SEC”) on April 16, 2018.
Use of Estimates, Policy	Use of Estimates The preparation of consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates include the recognition of deferred tax assets based on the change in unrecognized deductible temporary tax differences.
Financial instruments	Financial instruments The Company uses the following methods and assumptions to estimate the fair value of each class of financial instruments for which it is practicable to estimate such values: Cash - the carrying amount approximates fair value because the amounts consist of cash held at a bank. Accounts payable and accrued liabilities, convertible loan, loans payable and amounts due to related parties - the carrying amount approximates fair value due to the short-term nature of the obligations. The estimated fair values of the Company's financial instruments as of March 31, 2018 and December 31, 2017 follows: March 31, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Cash $ 3,708 $ 3,708 $ 4,730 $ 4,730 Accounts payable and accrued liabilities 1,088,046 1,088,046 1,075,409 1,075,409 Convertible loan 50,000 50,000 50,000 50,000 Loans payable to stockholders 606,068 606,068 600,651 600,651 Loans payable to related party 130,407 130,407 131,000 131,000 Loans payable 75,556 75,556 75,813 75,813 Amounts due to related parties $ 546,816 $ 546,816 $ 549,132 $ 549,132 The following table presents information about the assets that are measured at fair value on a recurring basis as of March 31, 2018, and indicates the fair value hierarchy of the valuation techniques the Company utilized to determine such fair value. In general, fair values determined by Level 1 inputs utilize quoted prices (unadjusted) in active markets for identical assets. Fair values determined by Level 2 inputs utilize data points that are observable such as quoted prices, interest rates and yield curves. Fair values determined by Level 3 inputs are unobservable data points for the asset or liability, and included situations where there is little, if any, market activity for the asset: March 31, 2018 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash $ 3,708 $ 3,708 $ — $ — The fair value of cash is determined through market, observable and corroborated sources.
Recent accounting pronouncements	Recent accounting pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02, Leases (Topic 842). In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Updates ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

Note 2_ Summary of Significan16

Note 2: Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure Text Block [Abstract]
Estimated fair values	March 31, 2018 December 31, 2017 Carrying Amount Fair Value Carrying Amount Fair Value Cash $ 3,708 $ 3,708 $ 4,730 $ 4,730 Accounts payable and accrued liabilities 1,088,046 1,088,046 1,075,409 1,075,409 Convertible loan 50,000 50,000 50,000 50,000 Loans payable to stockholders 606,068 606,068 600,651 600,651 Loans payable to related party 130,407 130,407 131,000 131,000 Loans payable 75,556 75,556 75,813 75,813 Amounts due to related parties $ 546,816 $ 546,816 $ 549,132 $ 549,132
Fair Value, Assets Measured on Recurring Basis	March 31, 2018 Quoted Prices in Active Markets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Cash $ 3,708 $ 3,708 $ — $ —

Note 1_ Nature of Business an17

Note 1: Nature of Business and Ability To Continue As A Going (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Disclosure Text Block [Abstract]
Net loss	$ (15,910)	$ (41,263)
Working capital deficiency	$ (2,493,185)		$ (2,477,275)

Note 2_ Summary of Significan18

Note 2: Summary of Significant Accounting Policies - Estimated Fair Value (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Cash	$ 3,708	$ 4,730
Accounts payable and accrued liabilities	1,088,046	1,075,409
Convertible loan	50,000	50,000
Amount due to related parties	546,816	549,132
Carrying Amount
Cash	3,708	4,730
Accounts payable and accrued liabilities	1,088,046	1,075,409
Convertible loan	50,000	50,000
Loans payable to stockholders	606,068	600,651
Loans payable to related party	130,407	131,000
Loans payable	75,556	75,813
Amount due to related parties	546,816	549,132
Fair Value
Cash	3,708	4,730
Accounts payable and accrued liabilities	1,088,046	1,075,409
Convertible loan	50,000	50,000
Loans payable to stockholders	606,068	600,651
Loans payable to related party	130,407	131,000
Loans payable	75,556	75,813
Amount due to related parties	$ 546,816	$ 549,132

Note 2_ Summary of Significan19

Note 2: Summary of Significant Accounting Policies - Fair Value, Assets Measured on Recurring Basis (Details) - USD ($)	Mar. 31, 2018	Dec. 31, 2017
Cash	$ 3,708	$ 4,730
Quoted Prices in Active Markets, Level 1 [Member]
Cash	3,708
Significant Other Observable Inputs, Level 2 [Member]
Cash
Significant Unobservable Inputs, Level 3 [Member]
Cash

Note 3_ Loan Payable (Details N

Note 3: Loan Payable (Details Narrative) - USD ($)	3 Months Ended		34 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2019	Dec. 31, 2017	Aug. 10, 2017	May 17, 2016
Loans received from stockholders	$ 606,068			$ 600,651
Loans received from related parties	130,407			131,000
Loans received from unrelated third parties	$ 75,556			75,813
Interst rate	6.00%
Accrued interest	$ 441,655			425,405
Inerest expenses	13,013	$ 16,598
Interest expense, accretion discount		4,167
Convertible Note	50,000			$ 50,000
CaiE Food Partnership Ltd
Inerest expenses	$ 1,250	$ 1,250	$ 1,250
Convertible Note					$ 10,000	$ 50,000
Common stock, per share price						$ 0.20
Convertible Note, Interest						10.00%
Maturity date			Mar. 31, 2019

Note 7_ Related Party Transac21

Note 7: Related Party Transactions and Amounts Due to Related Parties (Details Narrative) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Amounts due to related parties	$ 546,816		$ 549,132
Consulting fees	1,238	$ 1,981
Due to related party	546,816		549,132
Two former directors and a current director
Due to related party	136,100		136,100
Former Chief Executive Officer [Member]
Due to related party	265,599		268,029
Former Chief Financial Officer [Member]
Amount owed for services renderd	58,870		58,870
Former Chief Executive Officer and Former Director [Member]
Due to related party	157,260
Loans payable to third party	130,407		131,000
Former Chief Executive Officer and Former Director (2) [Member]
Due to related party	53,357
Unpaid Loans	100,000
Loans payable to third party	83,357
Director [Member]
Amount owed for services renderd	60,000		60,000
Former other officer [Member]
Amount owed for services renderd	84,187		86,133
Two former director [Member]
Amount owed for services renderd	$ 76,100		$ 76,100

Note 8_ Convertible Loan (Detai

Note 8: Convertible Loan (Details Narrative) - USD ($)	3 Months Ended		34 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2019	Dec. 31, 2017	Aug. 10, 2017	May 17, 2016
Convertible Note	$ 50,000			$ 50,000
Inerest expenses	13,013	$ 16,598
CaiE Food Partnership Ltd
Amortization of debt discount	4,167
Convertible Note					$ 10,000	$ 50,000
Common stock, per share price						$ 0.20
Convertible Note, Interest						10.00%
Inerest expenses	$ 1,250	$ 1,250	$ 1,250

Note 9_ Subsequent Events (Deta

Note 9: Subsequent Events (Details Narrative)	Apr. 12, 2018USD ($)
CaiE Food Partnership Ltd
Note payable	$ 10,000