Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 88

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 88
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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 included the acquisition of oil and gas
partnerships, New York Stock Exchange gas trading company mini-tender offers, ATM ownership, cancer immunotherapy investment,
equipment financing, intellectual property investment, litigation financing, investment in a dispute resolution company, and
discounted funding of annuity-like fund flows. Most recently, from its new Texas base, the Company has signaled a substantial return
to its energy roots, starting with a tracking investment in six New York Stock Exchange energy companies in the oil and gas, coal,
uranium, and pipeline markets. These six energy company stock holdings had a current combined stock value that equaled approximately
68.16% of the Company’s market capitalization at December 31, 2024.

Discontinued
Operation – Facilities Operations Segment

On
October 4, 2023, we sold and completely divested our majority controlling 51% interest in Waste Consolidators Inc.
(“WCI”), our facilities operations segment, that provides waste management and disposal services, including waste
consolidation, bulk item pickup, general property maintenance, and one-time clean-up services to business park owners, governmental
centers, and apartment complexes in Phoenix, Austin, San Antonio, Houston, and Dallas. Following the sale, the Company received no
new income from WCI and had no further involvement or continuing influence over its operations. WCI is now reported as a
dis