Mill City Ventures III, Ltd - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - November 9, 2011

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EXCEL - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdFinancial_Report.xls
10-Q - QUARTERLY REPORT - Mill City Ventures III, Ltdv239384_10q.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR9.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR6.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR4.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR2.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR8.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR1.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR3.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR11.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR10.htm
EX-32.1 - EXHIBIT 32.1 - Mill City Ventures III, Ltdv239384_ex32-1.htm
EX-10.1 - EXHIBIT 10.1 - Mill City Ventures III, Ltdv239384_ex10-1.htm
EX-31.1 - EXHIBIT 31.1 - Mill City Ventures III, Ltdv239384_ex31-1.htm
EX-31.2 - EXHIBIT 31.2 - Mill City Ventures III, Ltdv239384_ex31-2.htm
EX-10.2 - EXHIBIT 10.2 - Mill City Ventures III, Ltdv239384_ex10-2.htm
EX-10.3 - EXHIBIT 10.3 - Mill City Ventures III, Ltdv239384_ex10-3.htm
XML - IDEA: XBRL DOCUMENT - Mill City Ventures III, LtdR5.htm
v2.3.0.15
NET LOSS PER COMMON SHARE
9 Months Ended
Sep. 30, 2011
NET LOSS PER COMMON SHARE
NOTE 2—NET LOSS PER COMMON SHARE

Basic net loss per common share is computed by dividing net loss by the weighted average number of vested common shares outstanding during the period. A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per common share follows:

   
Three Months
Ended
September 30, 2011
    
Three Months
Ended
September 30, 2010
  
Numerator:  Net Loss
   $ (29,142 )     (27,324 )
Denominator:  Weighted-average number of common shares outstanding
     11,132,224       10,233,224  
Basic and diluted net loss per common share
   $ (0.00 )     (0.00 )
 

   
Nine Months Ended
September 30, 2011
    
Nine Months Ended
September 30, 2010
    
Period from 
January 10, 2006
(inception) to
September 30, 2011
  
Numerator:  Net Loss
   $ (101,607 )   $ (95,713 )   $ (942,986 )
Denominator:  Weighted-average number of
common shares outstanding
     11,058,012       10,094,213       8,562,066  
Basic and diluted net loss per common share
   $ (0.01 )   $ (0.01 )   $ (0.11 )

The 1,000,000 outstanding warrants at March 31, 2010 were excluded from the calculation of diluted loss per share as their effects were anti-dilutive due to the Company’s net losses for that period.  These warrants expired on May 27, 2010.

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