Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 31

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 31
---
 Balance at March 31, 2025
     
    $
    1,369,391

Accrued royalty income is estimated
and recognized in the month oil is produced and royalty income is earned. The difference between accrued royalty income and the amount
received is adjusted when royalty payments are received. Initial payments may not be received until one hundred and twenty days following
the transfer of title, or until August 2025. Thereafter, it is estimated that payments will be received thirty to ninety days from the
date of production. The performance and accuracy of third-party producers who send royalty to payments to the Company, production volumes,
and prices of oil and natural gas, may materially impact our royalty income receivable amounts.

Accrual
of estimated royalty income was $2,000
and $0, at
March 31, 2025 and 2024, respectively. Royalty payments physically received were $0
and $0, at March
31, 2025 and 2024, respectively.

The
Company monitors changes in market conditions, commodity prices, production volumes, and other factors, which may materially impact
the recoverability of our royalty interests.

    -22-

Note 10 – Investments and fair value

The hierarchy of Level 1, Level 2 and Level
3 Assets are listed as following:

 Schedule of hierarchy of level 1, level 2 and level 3 assets 

    (Level 1)  
    (Level 1)  
    (Level 2)  
    (Level 3)  
    (Level 3) 

    Fair Value Measurement Using  

    Unadjusted Quoted Market Prices  
    Unadjusted Quoted Market Prices Less Costs to Sell  
    Quoted Prices for Identical or Similar Assets in Active Markets  
    Significant Unobservable Inputs  
    Significant Unobservable Inputs 

    (Level 1)  
    (Level 1)  
    (Level 2)  
    (Level 3)  
    (Level 3) 

    Investment in Securities  
    Investment in Gold  
       
    Investment in Common Stock Warrants  
    Other Equity Investments 
  
    Balance at December 31, 2023 
    $647,363  
    $-  
    $-  
    $675  
    $103,756 
  
    Total gains or losses 

    Included