$MCVT
Mill City Ventures III, Ltd Stock $mcvt

$mcvt Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000165495424010649 Filed on August 14, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$291.2K	$490.6K
YoY Change	-4.15%	45.37%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$419.9K	$398.1K
YoY Change	-0.36%	-24.89%
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$419.8K	$398.1K
YoY Change	-0.36%	-30.17%
Operating Profit
YoY Change
Interest Expense	$0.00	$0.00
YoY Change		-100.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	$589.3K	$547.7K
YoY Change	92.6%	52.13%
Income Tax	$125.5K	$134.7K
% Of Pretax Income	21.3%	24.6%
Net Earnings	$463.8K	$412.9K
YoY Change	25.5%	489.91%
Net Earnings / Revenue	159.28%	84.18%
Basic Earnings Per Share	$0.07	$0.06
Diluted Earnings Per Share	$0.07	$0.06
COMMON SHARES
Basic Shares Outstanding	6.385M shares	6.385M shares
Diluted Shares Outstanding	6.502M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.133M	$5.425M
YoY Change	225.37%	393.15%
Cash & Equivalents	$3.133M	$5.425M
Short-Term Investments
Other Short-Term Assets	$67.64K	$103.8K
YoY Change	-68.89%	-35.15%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$3.353M	$5.956M
YoY Change	103.28%	227.26%
LONG-TERM ASSETS
Property, Plant & Equipment	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$492.2K
YoY Change	-60.89%
Other Assets	$779.0K	$772.0K
YoY Change	96.22%	79.53%
Total Long-Term Assets	$16.99M	$13.70M
YoY Change	-5.46%	-19.22%
TOTAL ASSETS
Total Short-Term Assets	$3.353M	$5.956M
Total Long-Term Assets	$16.99M	$13.70M
Total Assets	$20.34M	$19.66M
YoY Change	3.69%	4.67%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$111.2K	$87.64K
YoY Change	-10.4%	9.55%
Accrued Expenses	$317.8K	$185.2K
YoY Change	2059.1%	1752.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$429.0K	$272.8K
YoY Change	209.08%	203.16%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$62.00K
YoY Change
Total Long-Term Liabilities	$62.00K	$0.00
YoY Change		-100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities	$429.0K	$272.8K
Total Long-Term Liabilities	$62.00K	$0.00
Total Liabilities	$491.0K	$272.8K
YoY Change	253.75%	180.92%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.160M	-$1.160M
YoY Change	0.0%	0.0%
Common Stock	$6.385K	$1.467M
YoY Change	-99.57%	-0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$19.85M	$19.39M
YoY Change
Total Liabilities & Shareholders Equity	$20.34M	$19.66M
YoY Change	3.69%	4.67%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$463.8K	$412.9K
YoY Change	25.5%	489.91%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$2.292M	$4.920M
YoY Change	308.67%	44.28%
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	0.000
YoY Change	-100.0%	-100.0%
NET CHANGE
Cash From Operating Activities	-2.292M	4.920M
Cash From Investing Activities
Cash From Financing Activities	0.000	0.000
Net Change In Cash	-2.292M	4.920M
YoY Change	1575.49%	645.44%
FREE CASH FLOW
Cash From Operating Activities	-$2.292M	$4.920M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	300000	usd
	dei	Entity Central Index Key EntityCentralIndexKey	0001425355
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Period End Date DocumentPeriodEndDate	2024-06-30
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	111111111	shares
CY2023Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6385255	shares
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6385255	shares
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-41472
	dei	Entity Registrant Name EntityRegistrantName	MILL CITY VENTURES III, LTD.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MN
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	90-0316651
	dei	Entity Address Address Line1 EntityAddressAddressLine1	1907 Wayzata Blvd, #205
	dei	Entity Address City Or Town EntityAddressCityOrTown	Wayzata
	dei	Entity Address State Or Province EntityAddressStateOrProvince	MN
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	55391
	dei	City Area Code CityAreaCode	952
	dei	Local Phone Number LocalPhoneNumber	479-1923
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6385255	shares
CY2024Q2	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	12929985	usd
CY2023Q4	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	17284676	usd
CY2024Q2	mcvt	Non Control Non Affiliate Investment At Cost NonControlNonAffiliateInvestmentAtCost	14460679	usd
CY2023Q4	mcvt	Non Control Non Affiliate Investment At Cost NonControlNonAffiliateInvestmentAtCost	18577481	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5424611	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	376024	usd
CY2024Q2	us-gaap	Notes Receivable Net NotesReceivableNet	250000	usd
CY2023Q4	us-gaap	Notes Receivable Net NotesReceivableNet	250000	usd
CY2024Q2	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	103762	usd
CY2023Q4	us-gaap	Prepaid Expense Current And Noncurrent PrepaidExpenseCurrentAndNoncurrent	165301	usd
CY2024Q2	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	177792	usd
CY2023Q4	us-gaap	Accrued Investment Income Receivable AccruedInvestmentIncomeReceivable	264413	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	9283	usd
CY2024Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	772000	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	757000	usd
CY2024Q2	us-gaap	Assets Assets	19658150	usd
CY2023Q4	us-gaap	Assets Assets	19106697	usd
CY2024Q2	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	87644	usd
CY2023Q4	us-gaap	Accounts Payable Current And Noncurrent AccountsPayableCurrentAndNoncurrent	71702	usd
CY2024Q2	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	7604	usd
CY2023Q4	us-gaap	Accrued Liabilities And Other Liabilities AccruedLiabilitiesAndOtherLiabilities	435449	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	0	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	9283	usd
CY2024Q2	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	177600	usd
CY2023Q4	us-gaap	Accrued Income Taxes Noncurrent AccruedIncomeTaxesNoncurrent	0	usd
CY2024Q2	us-gaap	Liabilities Liabilities	272848	usd
CY2023Q4	us-gaap	Liabilities Liabilities	516434	usd
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	111111111	shares
CY2024Q2	us-gaap	Common Stock Value CommonStockValue	6385	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	6385	usd
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	6385255	shares
CY2024Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	15473121	usd
CY2023Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	15473121	usd
CY2024Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1460209	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1460209	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1159665	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-1159665	usd
CY2024Q2	mcvt	Accumulated Other Comprehensive Income Loss Undistributed Investment Loss AccumulatedOtherComprehensiveIncomeLossUndistributedInvestmentLoss	-390494	usd
CY2023Q4	mcvt	Accumulated Other Comprehensive Income Loss Undistributed Investment Loss AccumulatedOtherComprehensiveIncomeLossUndistributedInvestmentLoss	-1052183	usd
CY2024Q2	mcvt	Accumulated Other Comprehensive Income Loss Undistributed Net Realized Gains Loss On Investment Transactions AccumulatedOtherComprehensiveIncomeLossUndistributedNetRealizedGainsLossOnInvestmentTransactions	5526440	usd
CY2023Q4	mcvt	Accumulated Other Comprehensive Income Loss Undistributed Net Realized Gains Loss On Investment Transactions AccumulatedOtherComprehensiveIncomeLossUndistributedNetRealizedGainsLossOnInvestmentTransactions	5155200	usd
CY2024Q2	mcvt	Stockholders Equity Unrealized Appreciation In Value Of Investments StockholdersEquityUnrealizedAppreciationInValueOfInvestments	-1530694	usd
CY2023Q4	mcvt	Stockholders Equity Unrealized Appreciation In Value Of Investments StockholdersEquityUnrealizedAppreciationInValueOfInvestments	-1292804	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	19385302	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	18590263	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19658150	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	19106697	usd
CY2024Q2	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	3.04
CY2023Q4	us-gaap	Net Asset Value Per Share NetAssetValuePerShare	2.91
CY2024Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	888629	usd
CY2023Q2	us-gaap	Investment Income Interest InvestmentIncomeInterest	907502	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1721296	usd
	us-gaap	Investment Income Interest InvestmentIncomeInterest	1771530	usd
CY2024Q2	us-gaap	Gross Investment Income Operating GrossInvestmentIncomeOperating	888629	usd
CY2023Q2	us-gaap	Gross Investment Income Operating GrossInvestmentIncomeOperating	907502	usd
	us-gaap	Gross Investment Income Operating GrossInvestmentIncomeOperating	1721296	usd
	us-gaap	Gross Investment Income Operating GrossInvestmentIncomeOperating	1771530	usd
CY2024Q2	us-gaap	Professional Fees ProfessionalFees	174098	usd
CY2023Q2	us-gaap	Professional Fees ProfessionalFees	287325	usd
	us-gaap	Professional Fees ProfessionalFees	312469	usd
	us-gaap	Professional Fees ProfessionalFees	417176	usd
CY2024Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	145859	usd
CY2023Q2	us-gaap	Labor And Related Expense LaborAndRelatedExpense	147161	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	296925	usd
	us-gaap	Labor And Related Expense LaborAndRelatedExpense	1277600	usd
CY2024Q2	us-gaap	General Insurance Expense GeneralInsuranceExpense	24602	usd
CY2023Q2	us-gaap	General Insurance Expense GeneralInsuranceExpense	26522	usd
	us-gaap	General Insurance Expense GeneralInsuranceExpense	51492	usd
	us-gaap	General Insurance Expense GeneralInsuranceExpense	53522	usd
CY2024Q2	us-gaap	Occupancy Net OccupancyNet	9545	usd
CY2023Q2	us-gaap	Occupancy Net OccupancyNet	21072	usd
	us-gaap	Occupancy Net OccupancyNet	20222	usd
	us-gaap	Occupancy Net OccupancyNet	40115	usd
CY2024Q2	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	30000	usd
CY2023Q2	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	30000	usd
	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	60000	usd
	us-gaap	Noninterest Expense Directors Fees NoninterestExpenseDirectorsFees	562968	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	0	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	43333	usd
	us-gaap	Interest Expense InterestExpense	320	usd
	us-gaap	Interest Expense InterestExpense	78000	usd
CY2024Q2	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	13955	usd
CY2023Q2	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	14632	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	17718	usd
	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	32481	usd
CY2024Q2	us-gaap	Operating Expenses OperatingExpenses	398059	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	570045	usd
	us-gaap	Operating Expenses OperatingExpenses	759146	usd
	us-gaap	Operating Expenses OperatingExpenses	2461862	usd
CY2024Q2	us-gaap	Net Investment Income NetInvestmentIncome	490570	usd
CY2023Q2	us-gaap	Net Investment Income NetInvestmentIncome	337457	usd
	us-gaap	Net Investment Income NetInvestmentIncome	962150	usd
	us-gaap	Net Investment Income NetInvestmentIncome	-690332	usd
CY2024Q2	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	346745	usd
CY2023Q2	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	41371	usd
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	371240	usd
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-558629	usd
CY2024Q2	mcvt	Net Change In Unrealized Appreciation Depreciation On Investments NetChangeInUnrealizedAppreciationDepreciationOnInvestments	-289641	usd
CY2023Q2	mcvt	Net Change In Unrealized Appreciation Depreciation On Investments NetChangeInUnrealizedAppreciationDepreciationOnInvestments	-21107	usd
	mcvt	Net Change In Unrealized Appreciation Depreciation On Investments NetChangeInUnrealizedAppreciationDepreciationOnInvestments	-237890	usd
	mcvt	Net Change In Unrealized Appreciation Depreciation On Investments NetChangeInUnrealizedAppreciationDepreciationOnInvestments	627316	usd
CY2024Q2	us-gaap	Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency	57104	usd
CY2023Q2	us-gaap	Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency	20264	usd
	us-gaap	Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency	133350	usd
	us-gaap	Investment Company Realized And Unrealized Gain Loss On Investment And Foreign Currency InvestmentCompanyRealizedAndUnrealizedGainLossOnInvestmentAndForeignCurrency	68687	usd
CY2024Q2	mcvt	Investment Company Net Assets From Operation Increase Decrease InvestmentCompanyNetAssetsFromOperationIncreaseDecrease	547674	usd
CY2023Q2	mcvt	Investment Company Net Assets From Operation Increase Decrease InvestmentCompanyNetAssetsFromOperationIncreaseDecrease	357721	usd
	mcvt	Investment Company Net Assets From Operation Increase Decrease InvestmentCompanyNetAssetsFromOperationIncreaseDecrease	1095500	usd
	mcvt	Investment Company Net Assets From Operation Increase Decrease InvestmentCompanyNetAssetsFromOperationIncreaseDecrease	-621645	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	134738	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	287000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	300461	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	25678	usd
CY2024Q2	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	412936	usd
CY2023Q2	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	70721	usd
	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	795039	usd
	us-gaap	Increase Decrease In Operating Assets IncreaseDecreaseInOperatingAssets	-647323	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.06
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.01
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.10
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.06
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.01
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.10
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	18972366	usd
CY2024Q2	us-gaap	Investment Income Net InvestmentIncomeNet	355832	usd
CY2024Q2	mcvt	Undistributed Net Realized Gain On Investment Transactions UndistributedNetRealizedGainOnInvestmentTransactions	346745	usd
CY2024Q2	mcvt	Depreciation In Value Of Investments DepreciationInValueOfInvestments	-289641	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	19385302	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	18613725	usd
CY2023Q2	us-gaap	Investment Income Net InvestmentIncomeNet	50457	usd
CY2023Q2	mcvt	Undistributed Net Realized Gain On Investment Transactions UndistributedNetRealizedGainOnInvestmentTransactions	41371	usd
CY2023Q2	mcvt	Depreciation In Value Of Investments DepreciationInValueOfInvestments	-21107	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	18684446	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	18590263	usd
	us-gaap	Investment Income Net InvestmentIncomeNet	661689	usd
	mcvt	Undistributed Net Realized Gain On Investment Transactions UndistributedNetRealizedGainOnInvestmentTransactions	371240	usd
	mcvt	Depreciation In Value Of Investments DepreciationInValueOfInvestments	-237890	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	19385302	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	17871560	usd
	mcvt	Stock Options Issued StockOptionsIssued	1460209	usd
	mcvt	Net Investment Loss NetInvestmentLoss	-716010	usd
	mcvt	Undistributed Net Realized Loss On Investment Transactions UndistributedNetRealizedLossOnInvestmentTransactions	-558629	usd
	mcvt	Appreciation In Value Of Investments AppreciationInValueOfInvestments	627316	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	18684446	usd
	mcvt	Net Increase Decrease In Net Assets Resulting From Operations NetIncreaseDecreaseInNetAssetsResultingFromOperations	795039	usd
	mcvt	Net Increase Decrease In Net Assets Resulting From Operations NetIncreaseDecreaseInNetAssetsResultingFromOperations	-647323	usd
	mcvt	Net Change In Unrealized Appreciation Depreciation On Investments NetChangeInUnrealizedAppreciationDepreciationOnInvestments	-237890	usd
	mcvt	Net Change In Unrealized Appreciation Depreciation On Investments NetChangeInUnrealizedAppreciationDepreciationOnInvestments	627316	usd
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	371240	usd
	us-gaap	Realized Investment Gains Losses RealizedInvestmentGainsLosses	-558629	usd
	mcvt	Purchases Of Investments PurchasesOfInvestments	973438	usd
	mcvt	Purchases Of Investments PurchasesOfInvestments	8900500	usd
	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	5461479	usd
	us-gaap	Proceeds From Sale Of Short Term Investments ProceedsFromSaleOfShortTermInvestments	9149194	usd
	mcvt	Issuance Of Stock Options IssuanceOfStockOptions	0	usd
	mcvt	Issuance Of Stock Options IssuanceOfStockOptions	1460209	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-15000	usd
	us-gaap	Deferred Income Taxes And Tax Credits DeferredIncomeTaxesAndTaxCredits	-227000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-70822	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-70516	usd
	us-gaap	Increase Decrease In Interest And Dividends Receivable IncreaseDecreaseInInterestAndDividendsReceivable	-86621	usd
	us-gaap	Increase Decrease In Interest And Dividends Receivable IncreaseDecreaseInInterestAndDividendsReceivable	58420	usd
	us-gaap	Increase Decrease In Accounts Payable And Other Operating Liabilities IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities	-243586	usd
	us-gaap	Increase Decrease In Accounts Payable And Other Operating Liabilities IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities	-710228	usd
	mcvt	Increase Decrease In Deferred Interest Income IncreaseDecreaseInDeferredInterestIncome	0	usd
	mcvt	Increase Decrease In Deferred Interest Income IncreaseDecreaseInDeferredInterestIncome	55875	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	5048587	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	11886	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	0	usd
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	2750000	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	0	usd
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	2750000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	0	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	5048587	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	11886	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	376024	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1089641	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5424611	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1101527	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1438	usd
	us-gaap	Income Taxes Paid IncomeTaxesPaid	0	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Use of estimates: </em></strong>The preparation of financial statements in conformity with GAAP requires management and our independent board members to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and liabilities, at the date of the financial statements, as well as the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. For more information, see the “Valuation of portfolio investments” caption below, and “Note 4 – Fair Value of Financial Instruments” below. The Company presents its financial statements as an investment company following accounting and reporting guidance in ASC 946.</p>
CY2024Q2	us-gaap	Investment Owned At Cost InvestmentOwnedAtCost	14460679	usd
	mcvt	Investment And Loans Amortized Cost InvestmentAndLoansAmortizedCost	1	pure
CY2024Q2	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	12929985	usd
	mcvt	Investment And Loan Percentage Of Fair Value InvestmentAndLoanPercentageOfFairValue	1	pure
CY2023Q4	us-gaap	Investment Owned At Cost InvestmentOwnedAtCost	18577481	usd
CY2023	mcvt	Investment And Loans Amortized Cost InvestmentAndLoansAmortizedCost	1	pure
CY2023Q4	us-gaap	Investment Owned At Fair Value InvestmentOwnedAtFairValue	17284676	usd
CY2023	mcvt	Investment And Loan Percentage Of Fair Value InvestmentAndLoanPercentageOfFairValue	1	pure
CY2023	us-gaap	Increase Decrease In Income Taxes IncreaseDecreaseInIncomeTaxes	25700	usd
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	6385255	shares
	mcvt	Investment Company Provision For Income Taxes Per Share InvestmentCompanyProvisionForIncomeTaxesPerShare	-0.04
	mcvt	Investment Company Provision For Income Taxes Per Share InvestmentCompanyProvisionForIncomeTaxesPerShare	-0.01
	mcvt	Investment Company Provision For Income Taxes Per Share InvestmentCompanyProvisionForIncomeTaxesPerShare	-0.04
	mcvt	Investment Company Provision For Income Taxes Per Share InvestmentCompanyProvisionForIncomeTaxesPerShare	-0.09
	mcvt	Investment Company Provision For Income Taxes Per Share InvestmentCompanyProvisionForIncomeTaxesPerShare	0.00
	mcvt	Investmentcompanyissuance Of Stock Options InvestmentcompanyissuanceOfStockOptions	0.00
	mcvt	Investmentcompanyissuance Of Stock Options InvestmentcompanyissuanceOfStockOptions	0.24
	mcvt	Investmentcompanyissuance Of Stock Options InvestmentcompanyissuanceOfStockOptions	0.01
	mcvt	Investmentcompanyissuance Of Stock Options InvestmentcompanyissuanceOfStockOptions	0.00
	mcvt	Investmentcompanyissuance Of Stock Options InvestmentcompanyissuanceOfStockOptions	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	0.00
	us-gaap	Common Stock Dividends Per Share Cash Paid CommonStockDividendsPerShareCashPaid	0.02
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6385255	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6185255	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4808508	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4794744	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	4877654	shares
CY2023Q2	mcvt	Net Assets At End Of Period NetAssetsAtEndOfPeriod	0	usd

Files In Submission

Name	View Source	Status
0001654954-24-010649-index-headers.html	Edgar Link	pending
0001654954-24-010649-index.html	Edgar Link	pending
0001654954-24-010649.txt	Edgar Link	pending
0001654954-24-010649-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
mcvt-20240630.xsd	Edgar Link	pending
mcvt_10q.htm	Edgar Link	pending
mcvt_ex311.htm	Edgar Link	pending
mcvt_ex312.htm	Edgar Link	pending
mcvt_ex321.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
mcvt-20240630_cal.xml	Edgar Link	unprocessable
mcvt-20240630_lab.xml	Edgar Link	unprocessable
mcvt-20240630_def.xml	Edgar Link	unprocessable
mcvt-20240630_pre.xml	Edgar Link	unprocessable
mcvt_10q_htm.xml	Edgar Link	completed
R42.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$MCVT
Mill City Ventures III, Ltd Stock $mcvt

2024 Q3 Form 10-Q Financial Statement

#000165495424010649 Filed on August 14, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCVT Mill City Ventures III, Ltd Stock $mcvt

2024 Q3 Form 10-Q Financial Statement

#000165495424010649 Filed on August 14, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MCVT
Mill City Ventures III, Ltd Stock $mcvt