XML 56 R24.htm IDEA: XBRL DOCUMENT v3.22.4
Statements of Operations - Teucrium Agricultural Fund - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Realized and unrealized gain (loss) on trading of commodity and cryptocurrency futures contracts:      
Interest income $ 10,664,323 $ 541,938 $ 1,350,681
Total (loss) income (66,417,861) 88,636,548 61,735,994
Expenses      
Professional fees 1,432,587 1,089,756 1,266,367
Distribution and marketing fees 4,075,048 3,281,450 2,826,548
Custodian fees and expenses 410,660 363,000 369,293
Business permits and licenses fees 157,326 123,465 213,173
General and administrative expenses 323,468 301,580 297,679
Other expenses 2,147 17 2,811
Total expenses 13,031,787 8,405,385 7,161,308
Expenses waived by the Sponsor (1,277,037) (2,183,856) (1,580,551)
Total expenses, net 11,754,750 6,221,529 5,580,757
Net (loss) income (78,172,611) 82,415,019 56,155,237
Teucrium Agricultural Fund [Member]      
Realized and unrealized gain (loss) on trading of commodity and cryptocurrency futures contracts:      
Realized gain (loss) on securities 182,252 24,928 (345,117)
Net change in unrealized (depreciation) appreciation on securities (1,231,110) 1,383,158 427,132
Interest income 432 18 11
Total (loss) income (1,048,426) 1,408,104 82,026
Expenses      
Professional fees 79,712 22,383 11,372
Distribution and marketing fees 187,385 69,107 13,599
Custodian fees and expenses 19,180 7,579 1,874
Business permits and licenses fees 13,601 14,935 14,138
General and administrative expenses 13,821 4,899 1,403
Other expenses 39 9 10
Total expenses 313,738 118,912 42,396
Expenses waived by the Sponsor (262,928) (105,722) (39,833)
Total expenses, net 50,810 13,190 2,563
Net (loss) income $ (1,099,236) $ 1,394,914 $ 79,463
Net gain per share (in dollars per share) $ 4.34 $ 5.89 $ 1.40
Net gain per weighted average share (in dollars per share) $ (0.92) $ 4.60 $ 1.12
Weighted average shares outstanding (in shares) 1,189,659 303,324 70,733