Investment Performance - For the nine months ended September 30, 2022, the company made $13,924,333 in investments and loans, with $10,076,483 in redemptions and repayments, resulting in net investments at amortized cost of $17,913,927[85]. - Investment income for the three months ended September 30, 2022, was $1,115,224, compared to $755,601 for the same period in 2021, representing a 47.7% increase[88]. - The weighted-average interest rate on the loan portfolio was 26%, with interest earned of $2,840,425 for the nine months ended September 30, 2022, compared to $1,756,492 in 2021, a 61.6% increase[90]. - The investment composition by fair value as of September 30, 2022, included $16,040,748 in short-term non-banking loans, representing 88.8% of total investments[86]. Operating Expenses - Operating expenses for the nine months ended September 30, 2022, were $2,227,865, up from $1,023,596 in 2021, indicating a 117.5% increase[88]. - Professional fees for the nine months ended September 30, 2022, totaled $1,309,348, significantly higher than $300,297 in 2021, reflecting a 335.5% increase[91]. Cash Flow - As of September 30, 2022, the company had cash of $1,861,650, a decrease of $74,498 from December 31, 2021[97]. - For the nine months ended September 30, 2022, net cash used in operating activities was $6,429,293, compared to $1,306,775 in 2021, indicating a significant increase in cash outflow[95]. Net Assets - The company recorded a net increase in net assets from operations of $893,993 for the nine months ended September 30, 2022, compared to $2,557,836 in 2021[94]. Public Offering - The company completed a public offering of 1,250,000 common shares at $4.00 per share, resulting in gross proceeds of $5,000,000 and net proceeds of approximately $4,041,000[99].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-41472 MILL CITY VENTURES III, LTD. (Exact name of registrant as specified in its charter) Minnesota 90-0316651 ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 814-00991 (952) 479-1923 (Registrant's telephone number, including area code) N/A (Former name, former address and ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to ___________________ Commission File Number 814-00991 MILL CITY VENTURES III, LTD. (Exact name of registrant as specifie ...

Table of Contents Commission File Number 814-00991 MILL CITY VENTURES III, LTD. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________ Commission File Number 814-00991 MILL CITY VENTURES III, LTD. (Exact name of registrant as specified in its char ...

(952) 479-1923 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) Commission File Number 814-00991 MILL CITY VENTURES III, LTD. (Exact name of registrant as specified in its charter) Minnesota 90-0316651 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1907 Wayzata Blvd, #205, Wayzata, Minnesota 55391 (Address of principal executive offices) (Zip Code) (Registrant's telephone number, including area code) N/A (Former ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________________ to ______________________ Commission File Number 814-00991 MILL CITY VENTURES III, LTD. (Exact name of registrant as specified in its charte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 or ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________________ to ___________________ Commission File Number 814-00991 MILL CITY VENTURES III, LTD. (Exact name of registrant as specified in its ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) Commission File Number 814-00991 MILL CITY VENTURES III, LTD. (Exact name of registrant as specified in its charter) Minnesota 90-0316651 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 1907 Wayzata Blvd, #205, Wayzata, Minnesota 55391 (Address of principal executive offices) (Zip Code) (952) 479-1923 (Registrant's telephone number, including area code) N/A (Former ...