Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 86

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 86
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 ended June 30, 2025 were $0 and $0 for the prior year period.

Selling,
general and administrative expenses

Our
selling, general and administrative expenses for the six months ended June 30, 2025 was $397,708 compared to $483,290 for the prior year
period, a decrease of $85,582 or 17.71%.

We
experienced a $106,087 decrease in professional expenses, a $17,500 decrease in board of director fees, a $5,088 decrease in employee
salary, benefits, and payroll taxes, and a $368 decrease in depreciation expense offset by a $34,756 increase in amortization expense,
a $6,025 increase in officer salary, benefits, and payroll taxes, a $1,880 increase in administrative expenses, a $619 increase in travel
related expenses, a $156 increase in insurance expense, and a $25 increase in advertising expenses resulting in a decrease in other selling,
general and administrative expenses of 17.71%, for the six months ended June 30, 2025 as compared to the prior year period.

Other
income and expense

Other
income and expense, net, totaled ($96,269) for the six months ended June 30, 2025 compared to ($131,062) for the prior year period, a
decrease of $34,793 or 26.55%. The decrease is due to a $250,208 decrease in loss on investment in account receivable, a $24,040 increase
in unrealized gain on investment in gold, and a $5,156 increase in unrealized gain on investment in securities offset by a $185,147 increase
in loss on sale of investments plus a $59,465 decrease in interest income for the six months ended June 30, 2025.

Net
results

The net result for the six months ended June 30,
2025 was a net loss of ($421,420) or ($0.019) per Mentor common share compared to a net loss in the prior year period of ($629,681) or
($0.026) per Mentor common share. The Company will continue to look for acquisition opportunities to expand its portfolio in companies
that are positive for operating revenue or have the potential to become positive for operating revenue.

Liquidity
and Capital Resources

Since
our reorganization, we have raised capital through warrant holder exercise of warrants to purchase shares of Common Stock.