Mill City Ventures III, Ltd. 8-K Report: Key Updates You Need to Know!

Based on the provided financial report excerpt, here are the key pieces of information and insights extracted:

Entity Information:

Name: Mill City Ventures III, Ltd.
CIK: 0001425355
Location: 1907 Wayzata Boulevard Suite 205, Wayzata, MN 55391
Phone: 952-479-1923
State of Incorporation: Minnesota (MN)
SEC File Number: 001-41472
Tax Identification Number: 90-0316651

Filing Type:

Form: 8-K (a current report used to announce major events that shareholders should know about)

Filing Date:

Date of Report: January 7, 2025

Reporting Period:

Start Date: January 7, 2025
End Date: January 7, 2025 (indicating this report may contain information effective as of that date)

Currency and Measurement Units:

Currency: USD (U.S. Dollars)
Shares: The report references shares, suggesting it may include information about stock performance or equity-related disclosures.

XBRL Tags:

The document utilizes XBRL (eXtensible Business Reporting Language), which aids in the digital exchange of business and financial data.

Insights:

The fact that this is an 8-K report indicates that Mill City Ventures III, Ltd. is likely disclosing significant events or changes that could impact investors' interests or company operations as of the specified date.
The reporting period being the same as the filing date suggests that this might be a timely disclosure, potentially related to immediate corporate actions such as mergers, acquisitions, financial performance updates, or management changes.
The use of XBRL suggests the company’s commitment to transparency and accessibility of financial data for investors and analysts.

This information is critical for stakeholders, as it provides a snapshot of the company's current status and any potential implications for future performance or strategic direction.