Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 109

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 109
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 project
with a medical marijuana focus. In late 2019, the Company expanded its target industry focus which now prioritizes the oil, gas, coal, uranium, and related businesses.
In September 2020, the Company moved its corporate office to Plano, Texas. Most recently, the Company has signaled a substantial return
to its energy roots, starting with a tracking investment in six New York Stock Exchange energy companies in the oil and gas, coal, uranium,
and pipeline markets while also working to cooperatively acquire royalty interests and operating
companies in these classic energy markets.

Acquisitions
and investments

Discontinued
Operation - Waste Consolidators, Inc.

In
2003, the Company purchased a 50% interest in Waste Consolidators, Inc., a facilities operation company that comprised our
facilities operation segment (“WCI”) and increased its ownership stake in WCI by 1% in 2014. Since January 1, 2014, our
controlling interest investment in WCI included a facilities operations segment, which provides waste management and disposal
services to business park owners, governmental centers, and apartment complexes in Phoenix, Austin, San Antonio, Houston, and
Dallas. We sold the entirety of our majority ownership interest in WCI on October 4, 2023. The sale proceeds support the
Company’s focus on acquisition and investment opportunities in the classic energy space available in the state of Texas,
increasing our liquidity and capitalizing on the long-standing experience of our Chief Executive Officer in this sector. Following
the sale, the Company received no new income from WCI and had no further involvement or continuing influence over its operations.
The sale of WCI resulted in the elimination of our facilities operations segment at that time. Accordingly, the results of
operations and assets and liabilities for our facilities operations segment are excluded from the Company’s continuing
operations on December 31, 2023, and for all prior periods of comparison, and WCI is presented as a discontinued operation. See Note
3 to the consolidated financial statements and the Company’s Annual Report for the period ended December 31, 2023 on Form 10-K
as filed with the Securities and Exchange Commission on April 1, 2024 for comparative prior period December 31, 2022 reporting
related to our discontinued operation.

16

Mentor
IP, LLC

On
April 18, 2016, the Company formed Mentor IP, LLC (“MCIP”), a South Dakota limited liability company