2023 Q4 Form 10-Q Financial Statement

#000165495423014555 Filed on November 17, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $802.0K $303.8K
YoY Change -5.38% -570.49%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $835.4K $421.4K
YoY Change 67.16% -62.81%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $835.4K $421.4K
YoY Change 67.16% -64.28%
Operating Profit
YoY Change
Interest Expense -$1.271M $0.00
YoY Change 52.76% -100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.304M $306.0K
YoY Change 169.39% -573.84%
Income Tax -$416.6K -$63.60K
% Of Pretax Income -20.79%
Net Earnings -$887.7K $369.6K
YoY Change 180.7% -1122.86%
Net Earnings / Revenue -110.7% 121.65%
Basic Earnings Per Share $0.06
Diluted Earnings Per Share -$0.14 $0.06
COMMON SHARES
Basic Shares Outstanding 6.385M shares 6.185M shares
Diluted Shares Outstanding 6.358M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $376.0K $962.9K
YoY Change -65.49% -48.28%
Cash & Equivalents $376.0K $962.9K
Short-Term Investments
Other Short-Term Assets $165.3K $217.4K
YoY Change 235.84% 86.93%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.056M $1.649M
YoY Change -35.62% -47.92%
LONG-TERM ASSETS
Property, Plant & Equipment $9.280K $14.72K
YoY Change -43.41% -31.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $322.9K $1.259M
YoY Change -77.3% 742.9%
Other Assets $757.0K $397.0K
YoY Change 276.62% 9825.0%
Total Long-Term Assets $18.05M $17.97M
YoY Change 6.65% -0.67%
TOTAL ASSETS
Total Short-Term Assets $1.056M $1.649M
Total Long-Term Assets $18.05M $17.97M
Total Assets $19.11M $19.62M
YoY Change 2.91% -7.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $71.70K $124.1K
YoY Change -47.48% -7.4%
Accrued Expenses $444.7K $14.72K
YoY Change 2585.57% -90.22%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $516.4K $138.8K
YoY Change 237.38% -51.21%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $516.4K $138.8K
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $516.4K $138.8K
YoY Change 131.35% -94.66%
SHAREHOLDERS EQUITY
Retained Earnings -$1.160M -$1.160M
YoY Change 0.0% 0.0%
Common Stock $1.467M $1.473M
YoY Change 11906.5% 11955.87%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $18.59M $19.48M
YoY Change
Total Liabilities & Shareholders Equity $19.11M $19.62M
YoY Change 2.91% -7.71%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income -$887.7K $369.6K
YoY Change 180.7% -1122.86%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$586.8K -$560.8K
YoY Change -138.08% -81.6%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 424.0K
YoY Change -100.0% -90.09%
NET CHANGE
Cash From Operating Activities -586.8K -560.8K
Cash From Investing Activities
Cash From Financing Activities 0.000 424.0K
Net Change In Cash -586.8K -136.8K
YoY Change -23.99% -111.1%
FREE CASH FLOW
Cash From Operating Activities -$586.8K -$560.8K
Capital Expenditures
Free Cash Flow
YoY Change

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NetIncreaseDecreaseInNetAssetsResultingFromOperations
-277763 usd
mcvt Net Increase Decrease In Net Assets Resulting From Operations
NetIncreaseDecreaseInNetAssetsResultingFromOperations
893993 usd
mcvt Net Change In Unrealized Appreciation Depreciation On Investments
NetChangeInUnrealizedAppreciationDepreciationOnInvestments
629491 usd
mcvt Net Change In Unrealized Appreciation Depreciation On Investments
NetChangeInUnrealizedAppreciationDepreciationOnInvestments
-16297 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
-558629 usd
us-gaap Realized Investment Gains Losses
RealizedInvestmentGainsLosses
133020 usd
mcvt Purchases Of Investments
PurchasesOfInvestments
-11900500 usd
mcvt Purchases Of Investments
PurchasesOfInvestments
-13924333 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
11124193 usd
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
10076483 usd
mcvt Issuance Of Stock Options
IssuanceOfStockOptions
1460209 usd
mcvt Issuance Of Stock Options
IssuanceOfStockOptions
0 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-196000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 usd
mcvt Common Shares Issued For Expense Payment
CommonSharesIssuedForExpensePayment
0 usd
mcvt Common Shares Issued For Expense Payment
CommonSharesIssuedForExpensePayment
308758 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2700 usd
us-gaap Dividend Income Securities Operating Taxable
DividendIncomeSecuritiesOperatingTaxable
38000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-21225 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
31674 usd
us-gaap Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
-614949 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
0 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1900000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-654278 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
53903 usd
mcvt Increase Decrease In Income Taxes Payable
IncreaseDecreaseInIncomeTaxesPayable
0 usd
mcvt Increase Decrease In Income Taxes Payable
IncreaseDecreaseInIncomeTaxesPayable
-1185200 usd
mcvt Increase Decrease In Deferred Interest Income
IncreaseDecreaseInDeferredInterestIncome
-70154 usd
mcvt Increase Decrease In Deferred Interest Income
IncreaseDecreaseInDeferredInterestIncome
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-550781 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-6429293 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
0 usd
us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
4041795 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
424000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
2750000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
8414000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2750000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
6101000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
424000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
6354795 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-126781 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-74498 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1089641 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1936148 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
962860 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1861650 usd
us-gaap Interest Paid Net
InterestPaidNet
78010 usd
us-gaap Interest Paid Net
InterestPaidNet
0 usd
CY2023Q3 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
17577481 usd
CY2023Q3 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
17555601 usd
us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.9013 pure
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
962860 usd
CY2023Q3 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
962860 usd
mcvt Cash And Cash Equivalents Percent Of Net Assets
CashAndCashEquivalentsPercentOfNetAssets
0.0494 pure
CY2023Q3 mcvt Investments And Cash Cost
InvestmentsAndCashCost
18540341 usd
CY2023Q3 mcvt Investments And Cash Fair Value
InvestmentsAndCashFairValue
18518461 usd
mcvt Investments And Cash Percentage Of Net Assets
InvestmentsAndCashPercentageOfNetAssets
0.9507 pure
CY2022Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
17359804 usd
CY2022Q4 us-gaap Investment Owned At Fair Value
InvestmentOwnedAtFairValue
16708432 usd
CY2022 us-gaap Investment Company Incentive Fee To Average Net Assets
InvestmentCompanyIncentiveFeeToAverageNetAssets
0.9350 pure
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1089641 usd
CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
1089641 usd
CY2022 mcvt Cash And Cash Equivalents Percent Of Net Assets
CashAndCashEquivalentsPercentOfNetAssets
0.0610 pure
CY2022Q4 mcvt Investments And Cash Cost
InvestmentsAndCashCost
18449445 usd
CY2022Q4 mcvt Investments And Cash Fair Value
InvestmentsAndCashFairValue
17798073 usd
CY2022 mcvt Investments And Cash Percentage Of Net Assets
InvestmentsAndCashPercentageOfNetAssets
0.9960 pure
us-gaap Dividend Income Securities Operating Taxable
DividendIncomeSecuritiesOperatingTaxable
346000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
201000 usd
CY2023Q3 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
397000 usd
mcvt Federeal Nol Description
FederealNolDescription
federal NOL of approximately $277,000. The federal NOL may be carried forward to offset future taxable income, subject to applicable provisions of the Internal Revenue Code. Due to tax reform enacted in 2017, NOLs created after 2017 carry forward indefinitely. The estimated federal NOL that does not expire included in the total above is $277,000. States vary in their treatment of post-2017 NOLs. The state NOL of $200,000 is expected to be used by December 31, 2024. The remaining state NOL carryforwards may expire in 2038 if not used
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
870000 shares
mcvt Share Based Compensation Arrangement By Share Based Payment Award Options Exercised In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisedInPeriodGross
-200000 shares
mcvt Weighted Average Grant Date Fair Value For Options Granted During The Period
WeightedAverageGrantDateFairValueForOptionsGrantedDuringThePeriod
1242902 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0459 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.90 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y
CY2022Q3 mcvt Stockholders Equity Reverse Stock
StockholdersEquityReverseStock
common shares on a 1-for-2.25 basis such that every 2.25 shares of common stock
CY2022Q3 us-gaap Stock Issued During Period Shares Reverse Stock Splits
StockIssuedDuringPeriodSharesReverseStockSplits
111111111 shares
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7482 usd
CY2023Q3 mcvt Operating Lease Interest
OperatingLeaseInterest
-194 usd
CY2022Q3 mcvt Operating Lease Interest
OperatingLeaseInterest
456 usd
mcvt Investment Issuance Of Common Stock
InvestmentIssuanceOfCommonStock
0.05
mcvt Investment Issuance Of Common Stock
InvestmentIssuanceOfCommonStock
0.00
mcvt Investment Issuance Of Common Stock
InvestmentIssuanceOfCommonStock
0.00
mcvt Investment Issuance Of Common Stock
InvestmentIssuanceOfCommonStock
0.00
mcvt Investment Issuance Of Common Stock
InvestmentIssuanceOfCommonStock
0.00
mcvt Investment Stock Based Compensation
InvestmentStockBasedCompensation
0.00
mcvt Investment Stock Based Compensation
InvestmentStockBasedCompensation
0.05
mcvt Investment Stock Based Compensation
InvestmentStockBasedCompensation
0.00
mcvt Investment Stock Based Compensation
InvestmentStockBasedCompensation
0.00
mcvt Investment Stock Based Compensation
InvestmentStockBasedCompensation
0.00
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.00
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.00
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.00
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.05
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.00
mcvt Other Changes In Equity Per Share Data
OtherChangesInEquityPerShareData
-0.09
mcvt Other Changes In Equity Per Share Data
OtherChangesInEquityPerShareData
0.02
mcvt Other Changes In Equity Per Share Data
OtherChangesInEquityPerShareData
0.00
mcvt Other Changes In Equity Per Share Data
OtherChangesInEquityPerShareData
0.00
mcvt Other Changes In Equity Per Share Data
OtherChangesInEquityPerShareData
0.00
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.00
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.00
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.23
us-gaap Investment Company Distribution To Shareholders Per Share
InvestmentCompanyDistributionToShareholdersPerShare
0.00

Files In Submission

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mcvt-20230930_cal.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001654954-23-014555-index-headers.html Edgar Link pending
0001654954-23-014555-index.html Edgar Link pending
0001654954-23-014555.txt Edgar Link pending
0001654954-23-014555-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
mcvt-20230930.xsd Edgar Link pending
mcvt_10q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
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mcvt_10q_htm.xml Edgar Link completed
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mcvt-20230930_def.xml Edgar Link unprocessable
mcvt-20230930_lab.xml Edgar Link unprocessable
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