2023 Q4 Form 10-Q Financial Statement
#000165495423014555 Filed on November 17, 2023
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 |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
us-gaap |
Investment Company Distribution To Shareholders Per Share
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0.11 | ||
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0.001 | |
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Q3 | ||
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2023 | ||
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Suite 205 | ||
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Operating Lease Liability Noncurrent
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Net Asset Value Per Share
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Common Stock Shares Outstanding
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Document Type
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2023-09-30 | ||
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MILL CITY VENTURES III, LTD. | ||
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MN | ||
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Entity Tax Identification Number
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90-0316651 | ||
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1907 Wayzata Blvd, #205 | ||
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Wayzata | ||
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MN | ||
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City Area Code
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Entity Current Reporting Status
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Entity Interactive Data Current
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InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
0 | usd |
us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
70862 | usd | |
us-gaap |
Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency
InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency
|
116723 | usd | |
CY2023Q3 | mcvt |
Investment Company Net Assets From Operations Increase Decrease Before Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseBeforeTax
|
305960 | usd |
CY2022Q3 | mcvt |
Investment Company Net Assets From Operations Increase Decrease Before Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseBeforeTax
|
-64568 | usd |
mcvt |
Investment Company Net Assets From Operations Increase Decrease Before Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseBeforeTax
|
-315685 | usd | |
mcvt |
Investment Company Net Assets From Operations Increase Decrease Before Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseBeforeTax
|
1240793 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-63600 | usd |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-28442 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-37922 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
346800 | usd | |
CY2023Q3 | mcvt |
Investment Company Net Assets From Operations Increase Decrease Net Of Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax
|
369560 | usd |
CY2022Q3 | mcvt |
Investment Company Net Assets From Operations Increase Decrease Net Of Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax
|
-36126 | usd |
mcvt |
Investment Company Net Assets From Operations Increase Decrease Net Of Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax
|
-277763 | usd | |
mcvt |
Investment Company Net Assets From Operations Increase Decrease Net Of Tax
InvestmentCompanyNetAssetsFromOperationsIncreaseDecreaseNetOfTax
|
893993 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.06 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.01 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.04 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | ||
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.06 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.01 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.04 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | ||
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18684446 | usd |
CY2023Q3 | mcvt |
Exercise Of Stock Options Amount
ExerciseOfStockOptionsAmount
|
424000 | usd |
CY2023Q3 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
367385 | usd |
CY2023Q3 | mcvt |
Depreciation In Value Of Investments
DepreciationInValueOfInvestments
|
2175 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19478006 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
14426607 | usd |
CY2022Q3 | mcvt |
Common Shares Issued In Public Offering Amount
CommonSharesIssuedInPublicOfferingAmount
|
4041795 | usd |
CY2022Q3 | mcvt |
Common Shares Issued In Reverse Stock Split Rounding Amount
CommonSharesIssuedInReverseStockSplitRoundingAmount
|
0 | usd |
CY2022Q3 | mcvt |
Common Shares Issued In Stock Based Compensation Amount
CommonSharesIssuedInStockBasedCompensationAmount
|
66876 | usd |
CY2022Q3 | mcvt |
Common Shares Issued In Consideration For Expense Payment Amount
CommonSharesIssuedInConsiderationForExpensePaymentAmount
|
159443 | usd |
CY2022Q3 | mcvt |
Undistributed Net Investment Loss
UndistributedNetInvestmentLoss
|
-36126 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18658595 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
17871560 | usd |
mcvt |
Stock Options Issued
StockOptionsIssued
|
1460209 | usd | |
mcvt |
Exercise Of Stock Options Amount
ExerciseOfStockOptionsAmount
|
424000 | usd | |
mcvt |
Net Investment Loss Net Of Tax Benefit
NetInvestmentLossNetOfTaxBenefit
|
-348625 | usd | |
mcvt |
Undistributed Net Realized Loss On Investment Transactions
UndistributedNetRealizedLossOnInvestmentTransactions
|
-558629 | usd | |
mcvt |
Appreciation In Value Of Investments
AppreciationInValueOfInvestments
|
629491 | usd | |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19478006 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13414049 | usd |
mcvt |
Common Shares Issued In Public Offering Amount
CommonSharesIssuedInPublicOfferingAmount
|
4041795 | usd | |
mcvt |
Common Shares Issued In Reverse Stock Split Rounding Amount
CommonSharesIssuedInReverseStockSplitRoundingAmount
|
0 | usd | |
mcvt |
Common Shares Issued In Stock Based Compensation Amount
CommonSharesIssuedInStockBasedCompensationAmount
|
149315 | usd | |
mcvt |
Common Shares Issued In Consideration For Expense Payment Amount
CommonSharesIssuedInConsiderationForExpensePaymentAmount
|
159443 | usd | |
us-gaap |
Investment Income Net
InvestmentIncomeNet
|
777270 | usd | |
mcvt |
Undistributed Net Realized Gain On Investment Transactions
UndistributedNetRealizedGainOnInvestmentTransactions
|
133020 | usd | |
mcvt |
Depreciation In Value Of Investments
DepreciationInValueOfInvestments
|
-16297 | usd | |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
18658595 | usd |
mcvt |
Net Increase Decrease In Net Assets Resulting From Operations
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 |