Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 81

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 81
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 31, 2025 were ($1,583,089) which included $82,138 proceeds from investment in securities sold, less ($295,328) purchase
of a gold position, and ($1,369,899) purchase of three separate royalty interests in the Permian Basin.

Net
cash outflows from financing activities for the three months ended March 31, 2025 were $0.

We will seek to raise additional funds through financing,
additional collaborative relationships, or other arrangements to increase revenues to support positive cash flow.

In addition, on February 9, 2015, in accordance with
Section 1145 of the United States Bankruptcy Code and the Company’s court-approved Plan of Reorganization, the Company announced
a minimum 30-day partial redemption of up to 1% of the already outstanding Series D warrants to provide for the court specified redemption
mechanism for warrants not exercised timely by the original holder or their estates. Company designees that applied during the 30 days
paid 10 cents per warrant to redeem the warrant and then exercised the Series D warrant to purchase a share at the court-specified formula
of not more than one-half of the closing bid price on the day preceding the 30-day exercise period. The periodic partial redemptions may continue to be recalculated and repeated until such unexercised
warrants are exhausted or the partial redemption is otherwise temporarily paused, suspended, or truncated by the Company.

For the three months ended March 31, 2025, there were
no redemptions of Series D Warrants. There were no redemptions of Series D Warrants in 2024. We believe that if warrants are redeemed
and exercised, partial warrant redemptions will provide additional monthly cash for monthly operations.

-36-

Disclosure About Off-Balance Sheet Arrangements

We do not have any transactions, agreements, or other
contractual arrangements that constitute off-balance sheet arrangements.

Item 3. Quantitative and Qualitative Disclosures
About Market Risk.

As a “smaller reporting company,” as defined
in Rule 12b-2 of the Exchange Act, we are not required to provide the information called for by this item.

Item 4. Controls and Procedures.

Evaluation of disclosure controls and procedures

Management, with the participation of our chief executive
officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15
under the Exchange Act. In designing