Mill City Ventures III Ltd
For the period ended Dec 31, 2023. Filed Apr 2, 2024.
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FY2023 · Filed Apr 2, 2024
SUIG$0.90-6.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets — December 31, 2023 and December 31, 2022
Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| ASSETS | ||
| Investments, at fair value (cost: $18,577,481 and $17,359,804, respectively) | $17,284,676 | $16,708,432 |
| Cash | 376,024 | 1,089,641 |
| Note receivable, related party | 250,000 | 250,000 |
| Prepaid expenses | 165,301 | 218,440 |
| Interest and dividend receivables | 264,413 | 250,879 |
| Right-of-use operating lease asset | 9,283 | 16,398 |
| Deferred taxes | 757,000 | 201,000 |
| Total Assets | $19,106,697 | $18,734,790 |
| LIABILITIES | ||
| Accounts payable | $71,702 | $136,514 |
| Accrued payroll liabilities | 435,449 | 640,000 |
| Operating lease liability | 9,283 | 16,562 |
| Deferred interest income | — | 70,154 |
| Total Liabilities | 516,434 | 863,230 |
| Commitments and Contingencies | ||
| SHAREHOLDERS EQUITY (NET ASSETS) | ||
| Common stock, par value $0.001 per share (111,111,111 authorized; 6,385,255 and 6,185,255 issued and outstanding) | 6,385 | 6,185 |
| Additional paid-in capital | 15,473,121 | 15,049,321 |
| Additional paid-in capital - stock options | 1,460,209 | — |
| Accumulated deficit | (1,159,665) | (1,159,665) |
| Accumulated undistributed investment loss | (1,052,183) | (1,086,739) |
| Accumulated undistributed net realized gains on investment transactions | 5,155,200 | 5,713,829 |
| Net unrealized depreciation in value of investments | (1,292,804) | (651,371) |
| Total Shareholders' Equity (Net Assets) | 18,590,263 | 17,871,560 |
| Total Liabilities and Shareholders' Equity | $19,106,697 | $18,734,790 |
| Net Asset Value Per Common Share | $2.91 | $2.89 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.