XML 125 R103.htm IDEA: XBRL DOCUMENT
v3.23.2

Note 3 - Summary of Significant Accounting Policies - Teucrium Corn Fund (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Notes Tables |
Schedule of Brokerage Commissions Paid [Table Text Block] |
|  | CORN |  |  | SOYB |  |  | CANE |  |  | WEAT |  |  | TAGS |  |  | DEFI |  |  | TRUST |
Three months ended June 30, 2023 |  | $ | 13,898 |  |  | $ | 2,439 |  |  | $ | 9,899 |  |  | $ | 22,713 |  |  | $ | - |  |  | $ | 769 |  |  | $ | 49,718 |
Three months ended June 30, 2022 (1) |  | $ | 102,336 |  |  | $ | 8,686 |  |  | $ | 20,341 |  |  | $ | 198,392 |  |  | $ | - |  |  | $ | - |  |  | $ | 329,754 |
Six months ended June 30, 2023 |  | $ | 31,168 |  |  | $ | 8,779 |  |  | $ | 15,954 |  |  | $ | 44,458 |  |  | $ | - |  |  | $ | 1,377 |  |  | $ | 101,736 |
Six months ended June 30, 2022 (1) |  | $ | 133,575 |  |  | $ | 15,206 |  |  | $ | 26,536 |  |  | $ | 279,543 |  |  | $ | - |  |  | $ | - |  |  | $ | 454,860 |
Schedule of Cash and Cash Equivalents [Table Text Block] |
|  | June 30, 2023 |  |  | December 31, 2022 |
Money Market Funds |  | $ | 118,693,424 |  |  | $ | 188,640,417 |
Demand Deposit Savings Accounts |  |  | 47,112,843 |  |  |  | 46,061,819 |
Commercial Paper |  |  | 145,252,118 |  |  |  | 199,360,060 |
Total cash and cash equivalents as presented on the combined Statement of Assets and Liabilities |  | $ | 311,058,385 |  |  | $ | 434,062,296 |
Schedule of Related Party Transactions [Table Text Block] |
|  | Three months ended June 30, 2023 |  |  | Three months ended June 30, 2022 (1) |  |  | Six months ended June 30, 2023 |  |  | Six months ended June 30, 2022 (1) |
Recognized Related Party Transactions |  | $ | 731,376 |  |  | $ | 871,921 |  |  | $ | 1,322,979 |  |  | $ | 1,417,630 |
Waived Related Party Transactions |  | $ | 44,857 |  |  | $ | 358,002 |  |  | $ | 68,722 |  |  | $ | 479,081 |
Schedule of Expenses Paid Waived by Sponsor [Table Text Block] |
|  | CORN |  |  | SOYB |  |  | CANE |  |  | WEAT |  |  | TAGS |  |  | DEFI |  |  | TRUST |
Three months ended June 30, 2023 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 152,755 |  |  | $ | 61,049 |  |  | $ | 213,804 |
Three months ended June 30, 2022 (1) |  | $ | 221,478 |  |  | $ | 38,146 |  |  | $ | 49,371 |  |  | $ | 339,308 |  |  | $ | 59,160 |  |  | $ | - |  |  | $ | 707,463 |
Six months ended June 30, 2023 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 278,249 |  |  | $ | 131,619 |  |  | $ | 409,868 |
Six months ended June 30, 2022(1) |  | $ | 345,855 |  |  | $ | 89,562 |  |  | $ | 78,237 |  |  | $ | 425,164 |  |  | $ | 114,163 |  |  | $ | - |  |  | $ | 1,052,981 |
Teucrium Corn Fund [Member] |
Notes Tables |
Schedule of Brokerage Commissions Paid [Table Text Block] |
|  | CORN |
Three months ended June 30, 2023 |  | $ | 13,898 |
Three months ended June 30, 2022 |  | $ | 102,336 |
Six months ended June 30, 2023 |  | $ | 31,168 |
Six months ended June 30, 2022 |  | $ | 133,575 |
Schedule of Cash and Cash Equivalents [Table Text Block] |
|  | June 30, 2023 |  |  | December 31, 2022 |
Money Market Funds |  | $ | 18,698,800 |  |  | $ | 52,555,915 |
Demand Deposit Savings Accounts |  |  | 26,121,395 |  |  |  | 25,538,663 |
Commercial Paper |  |  | 49,358,684 |  |  |  | 64,340,159 |
Total cash and cash equivalents as presented on the Statement of Assets and Liabilities |  | $ | 94,178,879 |  |  | $ | 142,434,737 |
Schedule of Related Party Transactions [Table Text Block] |
|  | Three months ended June 30, 2023 |  |  | Three months ended June 30, 2022 |  |  | Six months ended June 30, 2023 |  |  | Six months ended June 30, 2022 |
Recognized Related Party Transactions |  | $ | 196,355 |  |  | $ | 249,320 |  |  | $ | 351,270 |  |  | $ | 482,817 |
Waived Related Party Transactions |  | $ | - |  |  | $ | 111,525 |  |  | $ | - |  |  | $ | 149,721 |
Schedule of Expenses Paid Waived by Sponsor [Table Text Block] |
|  | CORN |
Three months ended June 30, 2023 |  | $ | - |
Three months ended June 30, 2022 |  | $ | 221,478 |
Six months ended June 30, 2023 |  | $ | - |
Six months ended June 30, 2022 |  | $ | 345,855 |

X
- Definition Tabular disclosure of brokerage commissions paid. + References No definition available. + Details
Name: | tect_ScheduleOfBrokerageCommissionsPaidTableTextBlock
Namespace Prefix: | tect_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of expenses paid waived by the Sponsor. + References No definition available. + Details
Name: | tect_ScheduleOfExpensesPaidWaivedBySponsorTableTextBlock
Namespace Prefix: | tect_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of cash and cash equivalents. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashAndCashEquivalentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
Name: | us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_TableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | srt_ConsolidatedEntitiesAxis=tect_TeucriumCornFundMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |