Mill City Ventures III, Ltd (MCVT) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1907 WAYZATA BOULEVARD WAYZATA, MN 55391 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,749 | 6,026 | 376 | ||||||
| Cash and cash equivalent | 1,749 | 6,026 | 376 | ||||||
| Prepaid expense | 310 | 178 | 68 | ||||||
| Total current assets: | 1,749 | 6,026 | 310 | 178 | 68 | 376 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4 | 9 | |||||||
| Deferred income tax assets | 732 | 770 | 779 | 772 | 660 | 757 | |||
| Total noncurrent assets: | 732 | 770 | 779 | 772 | 664 | 766 | |||
| Other undisclosed assets | 17,368 | 13,677 | 19,251 | 18,709 | 18,289 | 17,964 | |||
| TOTAL ASSETS: | 19,849 | 20,473 | 20,340 | 19,658 | 19,020 | 19,107 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 218 | ||||||||
| Accrued liabilities | 218 | ||||||||
| Debt | 15,716 | 12,930 | 16,771 | 16,962 | |||||
| Total current liabilities: | 218 | 15,716 | 12,930 | 16,771 | 16,962 | ||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 310 | 178 | |||||||
| Accounts payable and accrued liabilities | 310 | 178 | |||||||
| Total noncurrent liabilities: | 310 | 178 | |||||||
| Other undisclosed liabilities | 52 | 715 | (15,535) | (12,835) | (16,723) | (16,445) | |||
| Total liabilities: | 270 | 715 | 491 | 273 | 48 | 516 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 19,579 | 19,758 | 19,849 | 19,385 | 18,972 | 18,590 | |||
| Common stock | 6 | 6 | 6 | 6 | 6 | 6 | |||
| Common stock held by subsidiary | (492) | (80) | (48) | ||||||
| Additional paid in capital | 14,843 | 15,473 | 15,473 | 15,473 | 15,473 | 15,473 | |||
| Accumulated deficit | (1,160) | (1,160) | (1,160) | (1,160) | (1,160) | (1,160) | |||
| Other undisclosed equity, attributable to parent | 5,890 | 5,438 | 6,021 | 5,065 | 4,733 | 4,318 | |||
| Total equity: | 19,579 | 19,758 | 19,849 | 19,385 | 18,972 | 18,590 | |||
| TOTAL LIABILITIES AND EQUITY: | 19,849 | 20,473 | 20,340 | 19,658 | 19,020 | 19,107 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 398 | (828) | 59 | 837 | 496 | |||
| Net investment income | 398 | 72 | 291 | 491 | 472 | (33) | ||
| Realized investment gains (losses) | 0 | (900) | (233) | 347 | 24 | |||
| Gross profit: | 398 | (828) | 59 | 837 | 496 | |||
| Operating expenses | (380) | (797) | (420) | (398) | (361) | (835) | ||
| Other undisclosed operating loss | (33) | |||||||
| Operating income (loss): | 19 | (1,625) | (361) | 439 | 135 | (869) | ||
| Nonoperating income (expense) (Investment Income, Nonoperating) | 289 | 72 | 166 | 356 | 306 | (2,462) | ||
| Interest and debt expense | (0) | |||||||
| Income (loss) from continuing operations before income taxes: | 308 | (1,553) | (196) | 795 | 441 | (3,331) | ||
| Income tax expense (benefit) | (109) | 1 | (126) | (135) | (166) | 417 | ||
| Net income (loss) available to common stockholders, diluted: | 199 | (1,552) | (321) | 660 | 275 | (2,914) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 199 | (1,552) | (321) | 660 | 275 | (2,914) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 199 | (1,552) | (321) | 660 | 275 | (2,914) | ||
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.