Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 72

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 72
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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 chain. The former investment partnership was incorporated under the laws of the State of California on
July 29, 1994 and on September 12, 1996, the Company’s offering statement was qualified under Regulation A of the Securities Act
of 1933 and began to trade its shares publicly. The Company relocated to San Diego, California, and contracted to provide financial assistance
and investment in small businesses. On September 24, 2015, the Company redomiciled from California to Delaware by merging the California
Mentor Capital, Inc. corporation into a newly formed Delaware entity, Mentor Capital, Inc. Following the merger, the Company is governed
under the laws of the State of Delaware. In September 2020, Mentor relocated its corporate office from San Diego, California, to Plano,
Texas.

In the
public arena, the Company continues its diverse investment activities. These have included the acquisition of oil and gas
partnerships, New York Stock Exchange gas trading company mini-tender offers, ATM ownership, facilities operations investment,
cancer immunotherapy investment, equipment financing