Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1718

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 1718
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 intends to continue to vigorously pursue the payment of the amounts owed by available legal
means. See Note 4.

The
risk of inflation, interest rate increases, tax increases, recession, high energy prices, and supply-demand imbalances are expected to
continue in 2025.

We
anticipate that current cash and associated resources without new inflows would be sufficient for us to execute our business plan
for four years after the date these financial statements are issued. The ultimate impact of the war in Ukraine, the Israel-Hamas
war, the post-election change in the U.S. federal government’s administration, potential cyber-attacks, inflation, interest rate
increases, tax increases, tariff increases and a potential recession on our business, results of operations, cybersecurity,
financial condition, and cash flows are dependent on future developments, which are uncertain and cannot be predicted at this
time.

Segment
reporting

Continuing
operations

The
Company has determined that there are currently two reportable segments: 1) the historic residual operations segment and 2) the Company’s
energy segment.

    F-9

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Discontinued
operation

On
October 4, 2023, the Company’s facilities operations segment was sold for $6,000,000. Following the sale, the Company received
no new income from WCI and had no further involvement or continuing influence over its operations. As a result, our facilities operations
segment was deconsolidated on the date of the sale, and our former facilities operations segment is reported as a discontinued operation.
See Note 3.

Use
of estimates

The
preparation of our consolidated financial statements in conformity with GAAP requires management to make estimates, assumptions, and
judgments that affect the reported amounts of assets and liabilities, and the disclosure of contingent assets and liabilities at the
date of our consolidated financial statements, and the reported amount of revenues and expenses during the reporting period.

Significant
estimates relied upon in preparing these consolidated financial statements include revenue recognition, accounts and notes receivable
reserves, expected future cash flows used to evaluate the recoverability of long-lived assets, estimated fair values of long-lived assets
used to record impairment charges related to investments, goodwill, amortization periods, accrued expenses, and recoverability of the
Company’s net deferred tax assets and any related valuation allowance.

Although