Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1045

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1045
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 Consequently, our facilities operations segment, WCI, was eliminated at the time of sale.
Additionally, the results of operations associated with our facilities operations segment were excluded from our continuing operations
and presented as a discontinued operation in our consolidated financial statements. WCI worked with business park owners, governmental
centers, and apartment complexes to reduce their facility-related operating costs.

Following
is our discontinued operations segment information before income taxes as of October 4, 2023:

 Schedule of segment information

     Discontinued
                                            Operation 
  
    October 4, 2023 (1) 

    Net sales 
    $6,432,907 
  
    Operating income (loss) 
     178,854 
  
    Interest income 
     1 
  
    Interest expense 
     62,770 
  
    Interest and dividend income 

    Property additions 
     83,062 
  
    Fixed asset depreciation and amortization 
     49,260 
  
    Total Assets 
     3,357,852 

Schedule of reconciliation of revenue from segments to consolidated 

    October 4, 2023 (1) 
  
    Operating income (loss) 
    $178,854 

    Gain (loss) on investments 

    Interest and dividend income 

    Interest income 
     1 
  
    Interest expense 
     (62,770)
  
    Gain (loss) on equipment disposals 
     - 
  
    Other income 
     20,060 
  
    Income before income taxes 
    $136,145 

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

    F-25

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Note
4 – Investment in account receivable

On
April 10, 2015, the Company entered into an exchange agreement whereby the Company received an investment in an account receivable with
annual installment payments of $117,000 for 11 years through 2026, totaling $1,287,000 in exchange for 757,059 shares of Mentor Common
Stock obtained through the exercise of 757,059 Series D warrants at $1.60 per share plus a $0.10 per warrant redemption price.

The
Company valued the