Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1210

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 1210
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 discontinued operation in our December 31, 2023 consolidated
financial statements and the prior reporting period in accordance with ASC Topic 205-20-45, “Discontinued Operations.”

    F-18

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Discontinued
operations balance sheet

The
following is a summary of the assets and liabilities of our discontinued operation that were sold effective October 4, 2023:

  Schedule of balance sheet

    October 4, 2023(1) 
  
    ASSETS 

    Current assets: 

    Cash and cash equivalents 
    $369,387 
  
    Accounts receivable 
     786,616 
  
    Other current assets 
     19,027 
  
    Total current assets sold - discontinued operation 
     1,169,030 
  
    Property and equipment 
     179,673 
  
    Goodwill(2) 
     102,040 
  
    Prepaid Admin Fee – Mentor 
     - 
  
    Security deposit 
     22,477 
  
    Right of use asset 
     1,884,632 
  
    Total noncurrent assets sold - discontinued operation 
     2,188,822 
  
    Total assets 
    $3,357,852 
  
    LIABILITIES AND NET ASSETS 

    Current liabilities: 

    Accounts -payable trade 
    $38,530 
  
    Finance lease liability - current 
     419,073 
  
    Accrued expenses 
     597,217 
  
    Total current liabilities sold - discontinued operation 
     1,054,820 
  
    EIDL loan payable 
     51,796 
  
    Note payable - Mentor 
     - 
  
    Long term debt 
     - 
  
    Finance lease liability – long-term 
     1,069,810 
  
    Operating lease liability - long-term 
     256,071 
  
    Total noncurrent liabilities sold - discontinued operation 
     1,377,677 
  
    Total liabilities 
     2,432,497 
  
    Total net assets of discontinued operation 
    $925,355 

    (1)
    Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 202