Mill City Ventures III Ltd. (MCVT) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
1907 WAYZATA BOULEVARD WAYZATA, MN 55391 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6153 - Short-Term Business Credit Institutions, Except Agricultural (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 376 | 963 | 1,102 | 440 | 1,090 | ||||
| Cash and cash equivalents | 376 | 963 | 1,102 | 440 | 1,090 | ||||
| Prepaid expense | 68 | 139 | 45 | 179 | |||||
| Total current assets: | 68 | 376 | 1,102 | 1,146 | 618 | 1,090 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4 | 9 | 15 | 5 | 11 | 16 | |||
| Deferred income tax assets | 660 | 757 | 397 | 428 | 461 | 201 | |||
| Total noncurrent assets: | 664 | 766 | 412 | 433 | 472 | 217 | |||
| Other undisclosed assets | 18,289 | 17,964 | 18,103 | 17,202 | 20,418 | 17,259 | |||
| TOTAL ASSETS: | 19,020 | 19,107 | 19,617 | 18,782 | 21,508 | 18,566 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 16,771 | 16,962 | 16,297 | 15,240 | 18,293 | 15,286 | |||
| Total current liabilities: | 16,771 | 16,962 | 16,297 | 15,240 | 18,293 | 15,286 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 17 | ||||||||
| Accounts payable and accrued liabilities | |||||||||
| Lease deposit liability | 17 | ||||||||
| Total noncurrent liabilities: | 17 | ||||||||
| Other undisclosed liabilities | (16,723) | (16,445) | (16,158) | (15,143) | (15,399) | (15,079) | |||
| Total liabilities: | 48 | 516 | 139 | 97 | 2,894 | 223 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 18,972 | 18,590 | 19,478 | 18,684 | 18,614 | 18,342 | |||
| Common stock | 6 | 6 | 12 | 12 | 12 | 12 | |||
| Common stock held by subsidiary | (80) | (48) | (49) | (78) | |||||
| Additional paid in capital | 15,473 | 15,473 | 15,467 | 15,043 | 15,043 | 15,043 | |||
| Accumulated other comprehensive income | 5,114 | 5,714 | |||||||
| Accumulated deficit | (1,160) | (1,160) | (1,160) | (1,160) | (1,160) | (1,160) | |||
| Other undisclosed equity, attributable to parent | 4,733 | 4,318 | 5,207 | 4,867 | (396) | (1,267) | |||
| Total equity: | 18,972 | 18,590 | 19,478 | 18,684 | 18,614 | 18,342 | |||
| TOTAL LIABILITIES AND EQUITY: | 19,020 | 19,107 | 19,617 | 18,782 | 21,508 | 18,566 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 496 | 304 | 379 | 317 | ||||
| Net investment income | 472 | (33) | 304 | 337 | (1,026) | 317 | ||
| Realized investment gains (losses) | 24 | 41 | (600) | (0) | ||||
| Gross profit: | 496 | 304 | 379 | 317 | ||||
| Operating expenses | (361) | (835) | (421) | (570) | (531) | |||
| Other undisclosed operating income (loss) | (33) | 1,794 | ||||||
| Operating income (loss): | 135 | (869) | (118) | (191) | 168 | (215) | ||
| Nonoperating income (expense) | 306 | (2,462) | 367 | 50 | 1,032 | 848 | ||
| Investment income, nonoperating | 306 | (2,462) | 367 | 50 | 864 | 848 | ||
| Gain on sale of leased assets, net, operating leases | 168 | |||||||
| Interest and debt expense | (0) | (43) | (35) | (31) | ||||
| Income (loss) from continuing operations before income taxes: | 441 | (3,331) | 250 | (184) | 1,165 | 602 | ||
| Income tax expense (benefit) | (166) | 417 | 64 | (287) | 259 | 168 | ||
| Net income (loss) available to common stockholders, diluted: | 275 | (2,914) | 313 | (471) | 1,425 | 770 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 275 | (2,914) | 313 | (471) | 1,425 | 770 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 275 | (2,914) | 313 | (471) | 1,425 | 770 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.