Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 47

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 47
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 WCI worked with business park owners, governmental centers, and apartment complexes to reduce their facility-related operating
costs. The WCI facilities operations segment is now reported as a discontinued operation. See Note 3.

Note 18 – Subsequent events

Management evaluated subsequent
events through the date these financial statements were issued and concluded that no events subsequent to March 31, 2025 have occurred
that would require recognition or disclosure except as noted below.

Subsequent to quarter end, between April 29, 2025 and May 13, 2025, our Chief Executive Officer, Chet Billingsley,
purchased 120,000 shares of the Company’s common stock on the open market at an average price of $0.045 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.

-31-

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.

The following discussion will assist in the understanding
of our financial position at March 31, 2025 and the results of operations for the three months ended March 31, 2025 and 2024. The information
below should be read in conjunction with the information contained in the unaudited Condensed Consolidated Financial Statements and related
notes to the financial statements included within this Quarterly Report on Form 10-Q for the three months ended March 31, 2025 and 2024
and our Annual Report on Form 10-K for the year ended December 31, 2024.

We sold the entirety of our majority ownership interest
in Waste Consolidators, Inc. (“WCI”) on October 4, 2023 for $6,000,000, resulting in the elimination of our facilities operations
segment at that time. Accordingly, the results of operations and assets and liabilities for this segment are excluded from the Company’s
continuing operations on December 31, 2023, and for all prior periods of comparison and were presented as a discontinued operation.

Corporate Background

The Company’s common stock trades publicly under
the trading symbol OTCQB: MNTR.

The Company was originally founded as an investment
partnership in Silicon Valley, by the current CEO in 1985. The partnership acquired a salsa factory, bakery, trucking company, tortilla
chip plant, and an athletic club