Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 43

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 43
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 permitted to utilize any of his remaining Mentor warrants as currency to
partially repay the loan at a rate of $0.45 per warrant upon the surrender of such remaining unexercised warrants. The note accrued interest
at 0.42% per annum with annual interest only payments due. The note was issued September 13, 2011, as payment for past amounts owed of
$380,000 and included prepaid amounts of $700,000 for administrative fees payable to the Company under that certain May 31, 2005 Liquidity
Agreement between the Company and WCI. The WCI note receivable and interest on the Company’s financials and the Mentor note payable
and interest on WCI’s financials were eliminated in our September 30, 2023 consolidation.

WCI
deferred fees represented deferred administrative fees relating to the paid $1,080,000 note receivable from WCI, a related party at such
time. The Company recognized $2,667 in deferred fees per month and an additional $318,667 in deferred fees on September 6, 2023, concurrent
with WCI’s payment of the note to the Company. The deferred fees on the Company’s financials and the deferred asset on WCI’s
financials were eliminated in our September 30, 2023 consolidation.

On
October 4, 2023, we sold the entirety of our majority, controlling 51% interest in WCI for $6,000,000. Upon the date of the sale, our
legacy investment in WCI was deconsolidated and reported as a discontinued operation. See Note 3.

Between
April 29, 2025 and September 30, 2025, our Chief Executive Officer, Chet Billingsley, purchased 657,000 shares of the Company’s
common stock on the open market at an average price of $0.054 per share. Such share purchases are reported on Form 4s filed with the
Securities and Exchange Commission within two business days of the transaction date in accordance with Section 16(a) of the Securities
and Exchange Act of 1934.

Subsequent
to quarter end, between October 1, 2025, and November 11, 2025, our Chief Executive Officer, Chet Billingsley, purchased an
additional 188,000
shares of the Company’s common stock on the open market at an average price of $0.107