Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 47

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 47
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fully impaired settlement payments receivable from G Farma and its co-defendants in the amount of $2,539,597
plus $564,973
accrued interest at September 30, 2025, and the operation of subsidiaries Mentor IP, Partner I, Partner II, and TWG. The Company
also maintains a gold investment and short-term treasury exchange-traded funds for the purpose of facilitating investment into the
Company to support potential future energy acquisitions and to collect low-risk interest to offset inflation, respectively.
Additionally, the Company formerly had small investments in securities listed on the NYSE and NASDAQ, an investment in note
receivable from a non-affiliated party that was fully impaired on June 11, 2024, and the fair value of convertible notes receivable
and accrued interest from NeuCourt, which on July 15, 2022, was exchanged for a NeuCourt SAFE security investment that is carried at
cost as a long-term investment and is included with the Company’s long term investments on the Company’s consolidated
balance sheet. The gold investment, short-term treasury exchange-traded funds, and the investment in NeuCourt are included in the
Corporate and Eliminations section below.

    -30-

The
Company’s Chief Operating Decision Maker (“CODM”) is Chairman and Chief Executive Officer, Chet Billingsley. The
CODM evaluates the performance of the Company’s operating segments on an ongoing weekly basis and he routinely monitors each
segment’s exposure to risk due to potential economic factors, societal trends, and market conditions in order to assess and
determine the proper allocation of resources related to segment expenses. The CODM uses segment operating income (loss) to review
monthly, quarterly, and annual segment trends. Additionally, the CODM regularly monitors actual cash and cash equivalent balances.

The
Company’s three (3) fractional royalty interests entitled the Company to receive a proportional share of revenues generated from
the production of hydrocarbons from the underlying property, without incurring any operating or production costs. Working interest owners
of our royalty interests bear the costs of operation and development.

Royalty
revenue was $40,430 and $0 for the three months ended September 30, 2025 and 2024, and $117,430 and $0 for the nine months ended September
30, 2025 and 2024, respectively.

Accrued
royalty income and severance taxes are estimated in the month oil is produced, when royalty income