Statements of Operations - Teucrium Wheat Fund (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Realized and unrealized gain (loss) on trading of commodity futures contracts: | ||||
| Realized Gain on Commodity Futures Contracts | $ 5,395,531 | $ (8,033,749) | $ 9,844,299 | $ (11,383,322) |
| Net Change in Unrealized Depreciation on Commodity Futures Contracts | (61,541,179) | (1,124,376) | (35,942,395) | (1,265,461) |
| Teucrium Wheat Fund [Member] | ||||
| Realized and unrealized gain (loss) on trading of commodity futures contracts: | ||||
| Realized Gain on Commodity Futures Contracts | 14,624,504 | (6,080,137) | 18,883,972 | (9,540,387) |
| Net Change in Unrealized Depreciation on Commodity Futures Contracts | (37,762,836) | (45,543) | (17,353,544) | (301,357) |
| Interest income | 2,627,693 | 1,282,389 | 3,961,684 | 2,576,812 |
| Total income (loss) | (20,510,639) | (4,843,291) | 5,492,112 | (7,264,932) |
| Expenses | ||||
| Management fees | 743,955 | 298,015 | 1,115,154 | 598,639 |
| Professional fees | 234,837 | 156,085 | 479,405 | 292,184 |
| Distribution and marketing fees | 667,376 | 481,728 | 1,129,168 | 918,507 |
| Custodian fees and expenses | 57,094 | 49,700 | 116,486 | 102,011 |
| Business permits and licenses fees | 21,491 | 8,941 | 40,051 | 50,767 |
| General and administrative expenses | 33,948 | 34,781 | 71,068 | 82,881 |
| Other expenses | 2,980 | 5,986 | ||
| Total expenses | 1,758,701 | 1,032,230 | 2,951,332 | 2,050,975 |
| Total expenses, net | 1,758,701 | 1,032,230 | 2,951,332 | 2,050,975 |
| Net income (loss) after taxes | $ (22,269,340) | $ (5,875,521) | $ 2,540,780 | $ (9,315,907) |
| Net increase (decrease) in net asset value per share (in dollars per share) | $ (1.37) | $ (1.14) | $ 2.12 | $ (1.87) |
| Net income (loss) per weighted average share (in dollars per share) | $ (1.74) | $ (1.13) | $ 0.26 | $ (1.83) |
| Weighted average shares outstanding (in shares) | 12,806,618 | 5,193,133 | 9,890,882 | 5,082,238 |
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expense related to distribution, servicing and underwriting fees. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The difference between the book value and the sale price of agreements to purchase or sell mineral resources, energy, and agricultural products at some future point. This element refers to the gain (loss) included in earnings and not to the cash proceeds. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of expense for investment management fee, including, but not limited to, expense in connection with research, selection, supervision, and custody of investment. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for transfer agent and custodian services. Includes, but is not limited to, fee paid for maintaining investor record, account balance, and company's stock transaction and fee paid for holding and safeguarding assets of individual, mutual fund, and investment company. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of noninterest expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income after deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open agreements to purchase or sell mineral resources, energy, and agricultural products at some future point held at each balance sheet date, that was included in earnings for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for business permits and license fees. No definition available.
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- Definition The amount of net income or loss for the period per each weighted average share. No definition available.
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- Definition Total aggregate amount of all noninterest expense, net of waived fees. No definition available.
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- Details
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