Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 722

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 722
---
companying Notes to Consolidated Financial Statements

F-6

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Note
1 - Nature of operations

Corporate
Structure Overview

Mentor
Capital, Inc. (“Mentor” or “the Company”) was reincorporated under the laws of the State of Delaware in September
2015.

The
entity was originally founded as an investment partnership in Silicon Valley, California, by the current CEO in 1985 and subsequently
incorporated under the laws of the State of California on July 29, 1994. On September 12, 1996, the Company’s offering statement
was qualified pursuant to Regulation A of the Securities Act, and the Company began to trade its shares publicly. On August 21, 1998,
the Company filed for voluntary reorganization, and on January 11, 2000, the Company emerged from Chapter 11 reorganization. The Company
relocated to San Diego, California, and contracted to provide financial assistance and investment into small businesses. On May 22, 2015,
a corporation named Mentor Capital, Inc. (“Mentor Delaware”) was incorporated under the laws of the State of Delaware. A
shareholder-approved merger between Mentor and Mentor Delaware was approved by the California and Delaware Secretaries of State and became
effective September 24, 2015, thereby establishing Mentor as a Delaware corporation. In September 2020, Mentor relocated its corporate
office from San Diego, California, to Plano, Texas.

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

The
Company’s current target industry focus includes the classic energy sectors of oil, gas, coal, uranium, and related ventures. Additionally,
the Company has residual investments in legal dispute resolution services, collecting on an annuity-like financing, and the collection
of a judgment that it intends to continue to pursue.

The
following is a list of subsidiaries of Mentor Capital, Inc. as of December 31, 2024:

 Schedule of list of subsidiaries

    Name
    of Subsidiary
     
    %
    of ownership
     
    State
    in which Incorporated
  
    Mentor
    IP, LLC
     
    100%
     
    South
    Dakota
  
    Mentor
    Partner I, LLC
     
    100%