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Note 3 - Summary of Significant Accounting Policies - Teucrium Wheat 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 Wheat Fund [Member]  
Notes Tables  
Schedule of Brokerage Commissions Paid [Table Text Block]
  

WEAT

 

Three months ended June 30, 2023

 $22,713 

Three months ended June 30, 2022

 $198,392 

Six months ended June 30, 2023

 $44,458 

Six months ended June 30, 2022

 $279,543 
Schedule of Cash and Cash Equivalents [Table Text Block]
  

June 30, 2023

  

December 31, 2022

 

Money Market Funds

 $77,546,311  $99,826,276 

Demand Deposit Savings Accounts

  12,590,869   12,309,984 

Commercial Paper

  68,508,291   97,594,565 

Total cash and cash equivalents as presented on the Statement of Assets and Liabilities

 $158,645,471  $209,730,825 
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

 $366,875  $479,251  $695,062  $653,054 

Waived Related Party Transactions

 $-  $194,587  $-  $224,587 
Schedule of Expenses Paid Waived by Sponsor [Table Text Block]
  

WEAT

 

Three months ended June 30, 2023

 $- 

Three months ended June 30, 2022

 $339,308 

Six months ended June 30, 2023

 $- 

Six months ended June 30, 2022

 $425,164