Mill City Ventures III Ltd

For the period ended Dec 31, 2024. Filed Mar 10, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 10, 2025

SUIG$0.90-6.0%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Balance Sheets — December 31, 2024 and December 31, 2023

Balance Sheets

	December 31, 2024	December 31, 2023
ASSETS
Investments, at fair value (cost: $13,717,089 and $18,577,481, respectively)	$13,453,561	$17,284,676
Cash	6,026,110	376,024
Note receivable, related party	—	250,000
Prepaid expenses	31,848	165,301
Interest and dividend receivables	191,917	264,413
Right-of-use operating lease asset	—	9,283
Deferred taxes	770,000	757,000
Total Assets	$20,473,436	$19,106,697
LIABILITIES
Accounts payable	$41,105	$71,702
Accrued payroll liabilities	527,142	435,449
Operating lease liability	—	9,283
Accrued income tax	147,200	—
Total Liabilities	715,447	516,434
Commitments and Contingencies
SHAREHOLDERS EQUITY (NET ASSETS)
Common stock, par value $0.001 per share (111,111,111 authorized; 6,385,255 issued and outstanding)	6,385	6,385
Additional paid-in capital	15,473,121	15,473,121
Additional paid-in capital - stock options	1,460,209	1,460,209
Accumulated deficit	(1,159,665)	(1,159,665)
Accumulated undistributed investment loss	(152,389)	(1,052,183)
Accumulated undistributed net realized gains on investment transactions	4,393,855	5,155,200
Net unrealized depreciation in value of investments	(263,527)	(1,292,804)
Total Shareholders’ Equity (Net Assets)	19,757,989	18,590,263
Total Liabilities and Shareholders’ Equity	$20,473,436	$19,106,697
Net Asset Value Per Common Share	$3.09	$2.91

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.