Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 230

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 230
---
 of record of our Common Stock. As of December 31, 2024, we
had a total of 21,686,105 shares of Common Stock issued and outstanding, 11 shares of Series Q Preferred Stock issued and
outstanding, 4,250,000 Series D warrants outstanding, which are exercisable for $0.02 per share of Common Stock, and 413,512 Series
H ($7) warrants outstanding which are exercisable for 413,512 shares of Common Stock.

Dividend
Policy

We
have not declared or paid cash dividends or made distributions in the past although we may pay cash dividends or make distributions in
the future on preferred and common shares.

14

Issuer
Purchases of Equity Securities

On
August 8, 2014, the Company announced that it was initiating the repurchase of 300,000 shares of its Common Stock (approximately 2% of
the Company’s common shares outstanding at that time). A total of 44,748 shares were repurchased between August 8, 2014 and September
9, 2015. As of July 31, 2023, 300,000 shares had been repurchased and a total of 300,000 shares had been retired.

On
October 14, 2023, the Board of Directors of the Company approved an additional stock repurchase plan authorizing the Company to repurchase
up to 3,000,000 shares of the Company’s common stock (approximately 12% of the Company’s common shares outstanding at that
time) at a total repurchase amount not to exceed $200,000. During the period January 1, 2024 through December 31, 2024 a total of 3,000,000
shares have been repurchased and effectively retired, as follows:

    Period 
    Total number of shares purchased  
    Average price paid per share  
    Total number of shares purchased as part of publicly announced plans or programs  
    Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs  
    Maximum number (or approximate dollar value) of shares that may yet be purchased under the plans or programs 
  
    January 1 through March 31, 2024 
     0  
     N/A  
     0  
     3,000,000(1) 
    $200,000(2)
  
    April 1