Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 886

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 886
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, the Company purchased a 50% interest in Waste Consolidators, Inc., a facilities operation company that comprised our
facilities operation segment (“WCI”) and increased its ownership stake in WCI by 1% in 2014. Since January 1, 2014, our
controlling interest investment in WCI included a facilities operations segment, which provides waste management and disposal
services to business park owners, governmental centers, and apartment complexes in Phoenix, Austin, San Antonio, Houston, and
Dallas. We sold the entirety of our majority ownership interest in WCI on October 4, 2023. The sale proceeds support the
Company’s focus on acquisition and investment opportunities in the classic energy space available in the state of Texas,
increasing our liquidity and capitalizing on the long-standing experience of our Chief Executive Officer in this sector. Following
the sale, the Company received no new income from WCI and had no further involvement or continuing influence over its operations.
The sale of WCI resulted in the elimination of our facilities operations segment at that time. Accordingly, the results of
operations and assets and liabilities for our facilities operations segment are excluded from the Company’s continuing
operations on December 31, 2023, and for all prior periods of comparison, and WCI is presented as a discontinued operation. See Note
3 to the consolidated financial statements and the Company’s Annual Report for the period ended December 31, 2023 on Form 10-K
as filed with the Securities and Exchange Commission on April 1, 2024 for comparative prior period December 31, 2022 reporting
related to our discontinued operation.

16

Mentor
IP, LLC

On
April 18, 2016, the Company formed Mentor IP, LLC (“MCIP”), a South Dakota limited liability company and wholly owned subsidiary
of Mentor. Since its inception, MCIP held interests related to patent rights. On October 24, 2023, the Company divested Mentor IP, LLC’s
intellectual property and licensing rights related to a certain United States and Canadian patent. The Company received no payment for
its divestment. Patent application and national phase maintenance fees were expensed when paid and there were no assets related to MCIP
patents represented on the consolidated financial statements at December 31, 2024 and 2023. Activity has been limited to payment of patent
application maintenance fees in Canada.

NeuCourt,
Inc.

NeuCourt,
Inc.