Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 55

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 55
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 $2,000 compared to $0 for the prior year period. The Company’s cost of goods sold for the three months ended March 31, 2025
were $0 and $0 for the prior year period.

Selling, general and administrative expenses

Our selling, general and administrative expenses for
the three months ended March 31, 2025 was $195,975 compared to $271,263 for the prior year period, a decrease of $75,288. We experienced
a ($68,048) decrease in professional expenses, a ($9,396) decrease in employee salary and benefits, a ($2,475) decrease in officer salary
and benefits, and a ($184) decrease in depreciation expense, offset by $3,750 increase in board of director fees, a $508 increase in accumulated
amortization expense, a $468 increase in administrative fees, a $78 increase in insurance, and a $11 increase in travel related expenses
resulting in an decrease in other selling, general and administrative expenses of 27.75%, for the three months ended March 31, 2025 as
compared to the prior year period.

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Other income and expense

Other
income and expense, net, totaled ($6,297) for the three months ended March 31, 2025 compared to $78,586 for the prior year period, a
decrease of ($84,883) or (108.01%). The decrease is due to a $9,547 increase in realized gain on sale of investments, and a $7,043
increase in unrealized gain on investment in gold, offset by a decrease in ($84,025)
unrealized gain (loss) on investment in securities plus a ($17,448) decrease in interest income for the three months ended March 31,
2025.

Net results

The net result for the three months ended March 31,
2025 was a net loss attributable to Mentor of ($204,715) or ($0.009) per Mentor common share compared to a net loss attributable to Mentor
in the prior year period of ($208,006) or ($0.008) per Mentor common share. The Company will continue to look for acquisition opportunities to expand its portfolio
in companies that are positive for operating revenue or have the potential to become positive for operating revenue.

Liquidity and Capital Resources

Since our reorganization, we have raised capital through
warrant holder exercise of warrants to