XML 43 R8.htm IDEA: XBRL DOCUMENT v3.6.0.2
STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Teucrium Commodity Trust - Combined [Member]      
Cash flows from operating activities:      
Net income (loss) $ (20,238,546) $ (27,321,983) $ (11,596,329)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Net change in unrealized appreciation or depreciation on commodity futures contracts (508,136) 7,378,689 (7,476,470)
Changes in operating assets and liabilities:      
Due from broker (1,992,193) (8,824,417) 8,802,314
Interest receivable 67 9,219 (5,895)
Restricted cash 155,999 (307,683)
Other assets 696,315 (130,874) (210,031)
Due to broker (60,805) (36,797)
Management fee payable to Sponsor 46,338 (48,962) 78,727
Other liabilities 7,769 (130,524) 83,297
Net cash provided by (used in) operating activities (21,832,387) (29,437,340) (10,361,184)
Cash flows from financing activities:      
Proceeds from sale of Shares 121,278,251 32,803,944 194,483,531
Redemption of Shares (46,688,821) (53,228,949) (100,415,350)
Net change in cost of the Underlying Funds 4,816 318 9,395
Net cash provided by (used in) financing activities 74,594,246 (20,424,687) 94,077,576
Net change in cash and cash equivalents 52,761,859 (49,862,027) 83,716,392
Cash and cash equivalents, beginning of period 92,561,610 142,423,637 58,707,245
Cash and cash equivalents, end of period 145,323,469 92,561,610 142,423,637
Teucrium Corn Fund [Member]      
Cash flows from operating activities:      
Net income (loss) (9,564,067) (17,183,472) (7,947,064)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Net change in unrealized appreciation or depreciation on commodity futures contracts (2,447,750) 5,660,263 (6,636,500)
Changes in operating assets and liabilities:      
Due from broker 1,741,282 (5,792,163) 8,238,438
Interest receivable 40 6,950 (4,353)
Other assets 494,901 (67,356) (223,365)
Management fee payable to Sponsor 11,436 (45,069) 56,952
Other liabilities 4,968 (111,563) 66,032
Net cash provided by (used in) operating activities (9,759,190) (17,532,410) (6,449,860)
Cash flows from financing activities:      
Proceeds from sale of Shares 57,591,933 8,538,198 146,789,763
Redemption of Shares (35,870,548) (40,754,195) (75,886,627)
Net cash provided by (used in) financing activities 21,721,385 (32,215,997) 70,903,136
Net change in cash and cash equivalents 11,962,195 (49,748,407) 64,453,276
Cash and cash equivalents, beginning of period 57,110,089 106,858,496 42,405,220
Cash and cash equivalents, end of period 69,072,284 57,110,089 106,858,496
Teucrium Soybean Fund [Member]      
Cash flows from operating activities:      
Net income (loss) 1,094,528 (1,517,824) (582,405)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Net change in unrealized appreciation or depreciation on commodity futures contracts (567,962) (54,526) 88,150
Changes in operating assets and liabilities:      
Due from broker 433,693 97,434 (301,348)
Interest receivable 13 735 (528)
Restricted cash 65,000 (142,616)
Other assets 45,514 (7,806) 3,688
Management fee payable to Sponsor 5,983 (4,538) 6,955
Other liabilities 770 (3,050) 3,903
Net cash provided by (used in) operating activities 1,077,539 (1,632,191) (781,585)
Cash flows from financing activities:      
Proceeds from sale of Shares 9,190,140 2,478,439 10,769,361
Redemption of Shares (3,905,120) (6,414,212) (2,247,779)
Net cash provided by (used in) financing activities 5,285,020 (3,935,773) 8,521,582
Net change in cash and cash equivalents 6,362,559 (5,567,964) 7,739,997
Cash and cash equivalents, beginning of period 5,937,824 11,505,788 3,765,791
Cash and cash equivalents, end of period 12,300,383 5,937,824 11,505,788
Teucrium Sugar Fund [Member]      
Cash flows from operating activities:      
Net income (loss) 1,349,263 (475,806) (502,562)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Net change in unrealized appreciation or depreciation on commodity futures contracts 510,451 (868,011) 320,555
Changes in operating assets and liabilities:      
Due from broker (506,850) 591,700 (388,444)
Interest receivable (2) 124 (14)
Restricted cash 68,389 (142,457)
Other assets 7,507 14,077 (2,376)
Other liabilities (1,063) 569 431
Net cash provided by (used in) operating activities 1,427,695 (879,804) (572,410)
Cash flows from financing activities:      
Proceeds from sale of Shares 2,805,578 3,767,602 1,067,083
Redemption of Shares (4,149,533) (444,345) (371,712)
Net cash provided by (used in) financing activities (1,343,955) 3,323,257 695,371
Net change in cash and cash equivalents 83,740 2,443,453 122,961
Cash and cash equivalents, beginning of period 4,932,791 2,489,338 2,366,377
Cash and cash equivalents, end of period 5,016,531 4,932,791 2,489,338
Teucrium Wheat Fund [Member]      
Cash flows from operating activities:      
Net income (loss) (13,111,481) (8,137,705) (1,748,035)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Net change in unrealized appreciation or depreciation on commodity futures contracts 1,997,125 2,640,963 (1,415,175)
Changes in operating assets and liabilities:      
Due from broker (3,660,318) (3,721,388) 1,253,668
Interest receivable 17 1,410 (1,257)
Restricted cash 22,610 (22,610)
Other assets 145,927 (76,816) (26,188)
Due to broker (60,805) 60,805
Management fee payable to Sponsor 28,919 645 16,491
Other liabilities 3,041 (16,479) 13,015
Net cash provided by (used in) operating activities (14,574,160) (9,392,785) (1,846,676)
Cash flows from financing activities:      
Proceeds from sale of Shares 51,690,600 18,019,705 34,552,580
Redemption of Shares (2,763,620) (5,616,197) (17,589,175)
Net cash provided by (used in) financing activities 48,926,980 12,403,508 16,963,405
Net change in cash and cash equivalents 34,352,820 3,010,723 15,116,729
Cash and cash equivalents, beginning of period 24,579,091 21,568,368 6,451,639
Cash and cash equivalents, end of period 58,931,911 24,579,091 21,568,368
Teucrium Agricultural Fund [Member]      
Cash flows from operating activities:      
Net income (loss) (13,020) (323,359) (243,693)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Net change in unrealized appreciation or depreciation on securities (81,413) 50,002 51,434
Changes in operating assets and liabilities:      
Net sale of investments in securities 92,460 266,498 192,461
Interest receivable (1)    
Other assets 2,466 7,027 (1,435)
Other liabilities 53
Net cash provided by (used in) operating activities 545 168 (1,233)
Cash flows from financing activities:      
Net change in cash and cash equivalents 545 168 (1,233)
Cash and cash equivalents, beginning of period 1,815 1,647 2,880
Cash and cash equivalents, end of period $ 2,360 $ 1,815 $ 1,647