Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1098

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1098
---
 other assets 
     104,431  
     343,280 

    Total assets 
    $3,414,562  
    $4,446,841 

F-2

Mentor
Capital, Inc.

Consolidated
Balance Sheets (Continued)

December
31, 2024 and 2023

    2024  
    2023 
  
    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable 
    $3,166  
    $3,152 
  
    Accrued expenses 
     42,599  
     91,460 
  
    Total current liabilities 
     45,765  
     94,612 

    Long-term liabilities 

    Accrued salary, retirement, and incentive fee-related party 
     476,578  
     436,512 
  
    Total long-term liabilities 
     476,578  
     436,512 
  
    Total liabilities 
     522,343  
     531,124 

    Commitments and Contingencies (Note 16) 
     -  
     - 

    Shareholders’ equity 

    Preferred stock, $0.0001
    par value, 5,000,000 shares
    authorized; 11 and 11
    series Q preferred shares issued and outstanding at December 31, 2024 and 2023* 
        
     - 
  
    Common stock, $0.0001 par value, 75,000,000 shares authorized; 21,686,105 and 24,686,105 shares issued and outstanding at December 31, 2024 and 2023 
     2,169  
     2,469 
  
    Additional paid in capital 
     11,917,362  
     12,101,055 
  
    Accumulated deficit 
     (9,027,312) 
     (8,187,807)
  
    Total shareholders’ equity 
     2,892,219  
     3,915,717 

    Total liabilities and shareholders’ equity 
    $3,414,562  
    $4,446,841 

    *
    Par
    value is less than $0.01

See
accompanying Notes to Financial