Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1687

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 1687
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64 and $0.64 per share, respectively.

During
the years ended December 31, 2024 and 2023, 0 and 2,000,000 warrants were exercised, and no warrants were issued. The intrinsic value
of outstanding warrants at December 31, 2024 and 2023 was $237,150 and $180,200, respectively.

The
following table summarizes Series D common stock warrants as of each period:

 Schedule of common stock warrants

    Series D 
  
    Outstanding at December 31, 2022 
     6,250,000 
  
    Issued 
     - 
  
    Canceled 

    Exercised 
     2,000,000 
  
    Outstanding at December 31, 2023 
     4,250,000 
  
    Issued 
     - 

    Exercised 
     - 
  
    Outstanding at December 31, 2024 
     4,250,000 

Series
E, F, G, and H warrants were issued for investment banking and advisory services during 2009. Series E, F, and G warrants were exercised
in 2014. On November 14, 2022, the 275,647 Series H Warrants of Lenox Hill Partners, LLC were canceled pursuant to a Settlement Agreement.
As of December 31, 2024, there were 413,512 Series H ($7) Warrants outstanding. The following table summarizes Series H ($7) warrants
as of each period:

    Series H $7.00 exercise price 
  
    Outstanding at December 31, 2022 
     413,512 
  
    Issued 
     - 
  
    Canceled 
     - 
  
    Exercised 
     - 
  
    Outstanding at December 31, 2023 
     413,512 
  
    Outstanding balance 
     413,512 

    Issued 
     - 
  
    Canceled 
     - 
  
    Exercised 
     - 
  
    Outstanding at December 31, 2024 
     413,512 
  
    Outstanding balance 
     413,512 

    F-34

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

On
February 9, 2015