XML 43 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Teucrium Commodity Trust - Combined [Member]      
Income      
Realized (loss) gain on commodity futures contracts $ (13,335,506) $ (16,163,531) $ (15,729,142)
Net change in unrealized appreciation or depreciation on commodity futures contracts 414,818 508,136 (7,378,689)
Interest income (loss) 1,755,765 725,493 221,809
Total (loss) income (11,164,923) (14,929,902) (22,886,022)
Expenses      
Management fees 1,540,701 1,309,046 1,143,253
Professional fees 1,476,719 1,540,639 1,197,938
Distribution and marketing fees 2,598,296 2,287,894 1,763,168
Custodian fees and expenses 346,295 359,937 779,473
Business permits and licenses fees 93,026 104,956 88,529
General and administrative expenses 273,423 286,251 311,620
Brokerage commissions 158,207 155,345 71,854
Other expenses 94,051 102,591 60,809
Total expenses 6,580,718 6,146,659 5,416,644
Expenses waived by the Sponsor (1,028,899) (838,015) (980,683)
Total expenses, net 5,551,819 5,308,644 4,435,961
Net (loss) income (16,716,742) (20,238,546) (27,321,983)
Teucrium Corn Fund [Member]      
Income      
Realized (loss) gain on commodity futures contracts (5,603,513) (9,438,913) (8,533,650)
Net change in unrealized appreciation or depreciation on commodity futures contracts (380,763) 2,447,750 (5,660,263)
Interest income (loss) 778,560 396,679 146,905
Total (loss) income (5,205,716) (6,594,484) (14,047,008)
Expenses      
Management fees 682,674 719,183 779,808
Professional fees 633,381 1,049,134 745,650
Distribution and marketing fees 1,177,003 1,160,864 1,199,576
Custodian fees and expenses 153,987 183,452 187,264
Business permits and licenses fees 25,251 16,887 26,852
General and administrative expenses 125,534 142,932 206,490
Brokerage commissions 79,700 96,725 41,250
Other expenses 41,406 42,739 45,642
Total expenses 2,918,936 3,411,916 3,232,532
Expenses waived by the Sponsor (409,562) (442,333) (96,068)
Total expenses, net 2,509,374 2,969,583 3,136,464
Net (loss) income $ (7,715,090) $ (9,564,067) $ (17,183,472)
Net (loss) income per share $ (2.02) $ (2.47) $ (5.38)
Net (loss) income per weighted average share $ (2.08) $ (2.66) $ (5.30)
Weighted average shares outstanding 3,714,045 3,598,843 3,243,223
Teucrium Soybean Fund [Member]      
Income      
Realized (loss) gain on commodity futures contracts $ 8,425 $ 939,088 $ (1,355,738)
Net change in unrealized appreciation or depreciation on commodity futures contracts (793,538) 567,962 54,526
Interest income (loss) 152,945 65,157 13,129
Total (loss) income (632,168) 1,572,207 (1,288,083)
Expenses      
Management fees 133,058 118,439 73,362
Professional fees 179,081 113,387 148,286
Distribution and marketing fees 209,915 218,086 117,180
Custodian fees and expenses 28,109 34,515 146,752
Business permits and licenses fees 17,505 18,288 16,608
General and administrative expenses 24,282 32,260 21,654
Brokerage commissions 8,462 1,507 6,043
Other expenses 9,689 10,111 4,465
Total expenses 610,101 546,593 534,350
Expenses waived by the Sponsor (126,489) (68,914) (304,609)
Total expenses, net 483,612 477,679 229,741
Net (loss) income $ (1,115,780) $ 1,094,528 $ (1,517,824)
Net (loss) income per share $ (1.23) $ 1.74 $ (3.45)
Net (loss) income per weighted average share $ (1.55) $ 1.76 $ (3.93)
Weighted average shares outstanding 717,607 623,023 386,237
Teucrium Sugar Fund [Member]      
Income      
Realized (loss) gain on commodity futures contracts $ (2,435,305) $ 1,967,694 $ (1,279,891)
Net change in unrealized appreciation or depreciation on commodity futures contracts 263,581 (510,451) 868,011
Interest income (loss) 78,889 32,048 7,670
Total (loss) income (2,092,835) 1,489,291 (404,210)
Expenses      
Management fees 70,762 56,277 35,486
Professional fees 63,308 46,951 65,660
Distribution and marketing fees 126,152 115,498 55,723
Custodian fees and expenses 19,038 18,575 139,745
Business permits and licenses fees 17,342 18,524 15,726
General and administrative expenses 14,512 17,542 8,732
Brokerage commissions 10,525 8,681 4,000
Other expenses 4,948 6,261 2,751
Total expenses 326,587 288,309 327,823
Expenses waived by the Sponsor (129,334) (148,281) (256,227)
Total expenses, net 197,253 140,028 71,596
Net (loss) income $ (2,290,088) $ 1,349,263 $ (475,806)
Net (loss) income per share $ (3.18) $ 2.95 $ (1.81)
Net (loss) income per weighted average share $ (3.40) $ 2.66 $ (1.28)
Weighted average shares outstanding 674,456 507,654 373,018
Teucrium Wheat Fund [Member]      
Income      
Realized (loss) gain on commodity futures contracts $ (5,305,113) $ (9,631,400) $ (4,559,863)
Net change in unrealized appreciation or depreciation on commodity futures contracts 1,325,538 (1,997,125) (2,640,963)
Interest income (loss) 745,357 231,598 54,109
Total (loss) income (3,234,218) (11,396,927) (7,146,717)
Expenses      
Management fees 654,207 415,147 254,597
Professional fees 585,774 319,007 213,241
Distribution and marketing fees 1,070,569 777,708 374,436
Custodian fees and expenses 143,071 120,829 171,747
Business permits and licenses fees 20,733 39,116 13,803
General and administrative expenses 107,357 91,644 66,012
Brokerage commissions 59,520 48,209 20,561
Other expenses 37,382 42,922 7,307
Total expenses 2,678,613 1,854,582 1,121,704
Expenses waived by the Sponsor (323,244) (140,028) (130,716)
Total expenses, net 2,355,369 1,714,554 990,988
Net (loss) income $ (5,589,587) $ (13,111,481) $ (8,137,705)
Net (loss) income per share $ (0.90) $ (2.26) $ (3.57)
Net (loss) income per weighted average share $ (0.58) $ (2.45) $ (3.29)
Weighted average shares outstanding 9,594,936 5,340,851 2,470,483
Teucrium Agricultural Fund [Member]      
Income      
Realized loss on securities $ (238,398) $ (87,644) $ (266,180)
Net change in unrealized appreciation or depreciation on securities 65,864 81,413 (50,002)
Interest income (loss) 14 11 (4)
Total (loss) income (172,520) (6,220) (316,186)
Expenses      
Professional fees 15,175 12,160 25,101
Distribution and marketing fees 14,657 15,738 16,253
Custodian fees and expenses 2,090 2,566 133,965
Business permits and licenses fees 12,195 12,141 15,540
General and administrative expenses 1,739 1,873 8,732
Brokerage commissions 0 223 0
Other expenses 625 558 645
Total expenses 46,481 45,259 200,236
Expenses waived by the Sponsor (40,270) (38,459) (193,063)
Total expenses, net 6,211 6,800 7,173
Net (loss) income $ (178,731) $ (13,020) $ (323,359)
Net (loss) income per share $ (3.58) $ (0.26) $ (6.46)
Net (loss) income per weighted average share $ (3.57) $ (0.26) $ (6.47)
Weighted average shares outstanding 50,002 50,002 50,002