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EXCEL - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdFinancial_Report.xls
10-Q - QUARTERLY REPORT - Mill City Ventures III, Ltdv239384_10q.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR9.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR6.htm
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XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR7.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR8.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR1.htm
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XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR11.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR10.htm
EX-32.1 - EXHIBIT 32.1 - Mill City Ventures III, Ltdv239384_ex32-1.htm
EX-10.1 - EXHIBIT 10.1 - Mill City Ventures III, Ltdv239384_ex10-1.htm
EX-31.1 - EXHIBIT 31.1 - Mill City Ventures III, Ltdv239384_ex31-1.htm
EX-31.2 - EXHIBIT 31.2 - Mill City Ventures III, Ltdv239384_ex31-2.htm
EX-10.2 - EXHIBIT 10.2 - Mill City Ventures III, Ltdv239384_ex10-2.htm
EX-10.3 - EXHIBIT 10.3 - Mill City Ventures III, Ltdv239384_ex10-3.htm
v2.3.0.15
Statements of Cash Flows (USD $)
9 Months Ended69 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Cash flows from operating activities:   
Net loss$ (101,607)$ (95,713)$ (942,986)
Adjustments to reconcile net loss to net cash used in operating activities:   
Amortization of intangible asset 6,20438,599
Impairment of inventory and intangible assets  4,379
Officers compensation expense paid in stock36,00036,000194,000
Officers compensation expense as contributed capital  50,000
Changes in operating assets and liabilities:   
Inventory  (871)
Prepaid expense  5,434
Accounts payable(913)(2,751)7,910
Accrued royalty 120270
Interest payable13,4756,25723,502
Deferred revenue (975) 
Net cash used in operating activities(53,045)(50,858)(478,922)
Cash flows from investing activities:   
Acquisition of Select Video assets  (17,000)
Net cash used in investing activities  (17,000)
Cash flows from financing activities:   
Proceeds from subscription receivable  14,000
Proceeds from issuance of common stock  426,000
Redemption of common stock  (91,667)
Proceeds from note payable related party60,00050,000160,000
Payment of short-term debt  (2,375)
Net cash provided by financing activities60,00050,000505,958
Net increase (decrease) in cash6,955(858)10,036
Cash, beginning of the period3,0815,464 
Cash, end of the period10,0364,60610,036
Acquisition of certain assets and liabilities of Select Video in exchange for common stock   
Inventory  750
Intangible Asset  24,357
Accounts Payable  (32,000)
Note Payable  (7,084)
Accrued interest converted into note payable17,5021,20023,502
Stock subscriptions received for common stock  14,000
Services
   
Changes in operating assets and liabilities:   
Common stock issued  6,500
Consulting service expense
   
Changes in operating assets and liabilities:   
Common stock issued  134,341
In lieu of cash for notes payable
   
Acquisition of certain assets and liabilities of Select Video in exchange for common stock   
Stock issued  19,709
In lieu of cash for prepaid services
   
Acquisition of certain assets and liabilities of Select Video in exchange for common stock   
Stock issued  $ 175,400