Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 178

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 178
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, 2024 and 2023

Net
income (loss) from discontinued operations before tax

The
following is a reconciliation of the major classes of financial statement line items constituting net income (loss) from discontinued
operations before tax from WCI, our discontinued operation, that is disclosed in the notes to the financial statements and presented
in the consolidated statements of net (loss) income for fiscal year December 31, 2023, following our October 4, 2023 sale of WCI:

 Schedule of disposal groups, including discontinued operations

    December 31, 2023
  
    Revenue
    $
    -
  
    Cost of sales 
    
    - 
  
    Gross profit 
     - 

    Selling, general and administrative expenses 
     1,775,210 

    Operating income (loss) 
     (1,775,210)

    Total other income and (expense)(1) 
     4,863,129 

    Income (loss) before provision for income taxes 
    $3,087,919 
  
    Provision for income taxes 
     (8,160)
  
    Net income (loss) from continued operations 
     3,079,759 

    Net income (loss) from discontinued operations 
     77,899 
  
    Net income (loss) 
     3,157,658 

    Gain (loss) attributable to non-controlling interest 
     - 
  
    Net income (loss) attributable to Mentor 
     3,157,658 

    (1)
    During
    fiscal year 2023, we recognized a $4,805,389 gain on the sale of our discontinued operations.

Cash
flow disclosures

Prior
to the October 4, 2023 sale date, on September 30, 2023, our discontinued operation had net cash used in operating activities totaling
$333,207, accounts receivable of $728,657, other receivable of $20,374, prepaid expenses of $82,984, property and equipment of $392,838,
operating lease assets of $323,875, finance lease assets of $1,560,757, accrued expenses of $523,178, finance lease liability of $1,488,883,
an operating lease liability of $323,875, an EIDL loan liability of $58,031, and long term debt of $0.

At
December 31