XML 45 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
Statements of Operations - Teucrium Sugar Fund - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Realized and unrealized gain (loss) on trading of securities, commodity and cryptocurrency futures contracts:      
Realized loss on commodity and cryptocurrency futures contracts [1] $ (46,228,171) $ (94,248,842) $ (43,176,670)
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts [1] (6,160,194) 12,703,858 (33,905,514)
Interest income [1] 12,977,276 17,736,627 10,664,323
Total loss (39,411,089) [1] (63,808,357) (66,417,861)
Expenses      
Management fees [1] 2,536,166 3,587,742 6,630,551
Professional fees [1] 1,402,207 1,919,411 1,432,587
Distribution and marketing fees [1] 3,950,590 4,007,582 4,075,048
Custodian fees and expenses [1] 391,341 428,243 410,660
Business permits and licenses fees [1] 139,505 141,582 157,326
General and administrative expenses [1] 326,509 281,413 323,468
Total expenses [1] 8,746,449 10,365,981 13,031,787
Expenses waived by the Sponsor [1] (298,056) (711,571) (1,277,037)
Total expenses, net [1] 8,448,393 9,654,410 11,754,750
Net (loss) income [1] (47,859,482) (73,462,767) (78,172,611)
Teucrium Sugar Fund [Member]      
Realized and unrealized gain (loss) on trading of securities, commodity and cryptocurrency futures contracts:      
Realized loss on commodity and cryptocurrency futures contracts (2,500,209) 11,398,276 (442,477)
Net change in unrealized appreciation (depreciation) on commodity and cryptocurrency futures contracts 1,127,703 (3,514,199) (172,519)
Interest income 734,413 1,340,056 452,734
Total loss (638,093) 9,224,133 (162,262)
Expenses      
Management fees 145,054 267,574 278,028
Professional fees 98,717 251,061 77,992
Distribution and marketing fees 316,477 268,576 168,266
Custodian fees and expenses 33,883 27,216 15,692
Business permits and licenses fees 22,638 22,148 28,238
General and administrative expenses 24,785 22,598 20,254
Total expenses 641,554 859,173 588,470
Expenses waived by the Sponsor 0 0 (78,237)
Total expenses, net 641,554 859,173 510,233
Net (loss) income $ (1,279,647) $ 8,364,960 $ (672,495)
Net (decrease) increase in net asset value per share (in dollars per share) $ (1.03) $ 2.92 $ 0.28
Net (loss) gain per weighted average share (in dollars per share) $ (1.1) $ 3.98 $ (0.22)
Weighted average Shares outstanding (in shares) 1,164,553 2,104,388 2,995,004
[1] The Hashdex Bitcoin Futures ETF was transferred to the Tidal Commodities Trust I as described in Note 1 to these financials. The operations include the activity of the Hashdex Bitcoin Futures ETF from September 15, 2022, the date of inception, through January 3, 2024, the date of liquidation.