Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1072

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1072
---
)
  
    Interest and dividend income 
     5,292  
     -  
     69,488  
     74,780 
  
    Interest expense 
     -  
     -  
     15,847  
     15,847 
  
    Property additions 
     -  
     -  
     2,291  
     2,291 
  
    Depreciation and amortization 
     -  
     -  
     1,706  
     1,706 
  
    Total assets 
     647,363  
     2,472  
     3,797,006  
     4,446,841 

    F-39

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

The
following table reconciles operating segments and corporate-unallocated operating income (loss) to consolidated income before income
taxes for the years ended December 31, 2024 and 2023, as presented in the consolidated income statements:

 Schedule of reconciliation of revenue from segments to consolidated

    2024  
    2023 
  
    Operating income (loss) 
    $(780,212) 
    $(1,775,210)
  
    Gain (loss) on investments 
     (215,219) 
     4,802,905 
  
    Interest and dividend income 
     171,255  
     74,780 
  
    Interest expense 
     -  
     (15,847)
  
    Other income 
     -  
     1,291 
  
    Income before income taxes 
    $(824,176) 
    $3,087,919 

Discontinued
Operation – Facilities Operations Segment

As
disclosed in Note 3 of the consolidated financial statements, we sold our entire ownership interest in WCI, our facilities operations
segment, on October 4, 2023 for $6,000,000. Following our sale of WCI, we received no new income from WCI and had no further involvement
or continuing influence over its operations. Consequently, our facilities operations segment was eliminated at the time of sale. Additionally,
the results of operations associated with our facilities operations segment were excluded from our continuing operations and presented
as a discontinued operation in our consolidated financial