Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 55

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 55
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 $0 for
the six months ended June 30, 2025 and 2024, respectively. Royalty payments actually received were $0 and $0 for the three months
ended June 30, 2025 and 2024 and $0 and $0, the six months ended June 30, 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.

-33-

The Company also maintains gold investment and short-term treasury
exchange traded funds for the purpose of facilitating investment into the Company to support potential future energy acquisitions and
to collect low-risk interest to offset inflation, respectively.

Mentor
IP, LLC (MCIP)

On
April 18, 2016, the Company formed Mentor IP, LLC (“MCIP”), a South Dakota limited liability company and wholly owned subsidiary
of Mentor, to hold interests related to patent rights. On October 24, 2023, the Company divested Mentor IP, LLC’s intellectual
property and licensing rights related to a certain United States and Canadian patent. The Company received no payment for its divestment.
Patent application and maintenance fees have been expensed when paid and there were no assets related to the MCIP patents represented
on the condensed consolidated financial statements at June 30, 2025 and December 31, 2024.

NeuCourt,
Inc.

NeuCourt,
Inc. (“NeuCourt”) is a Delaware corporation that is developing a technology that is expected to be useful to the dispute
resolution industry.

On
July 15, 2022, the Company and NeuCourt entered into an Exchange Agreement whereby the Company’s outstanding convertible promissory
notes and accrued interest, in an aggregate net amount of $83,756, was exchanged for a Simple Agreement for Future Equity (“SAFE”)
in equal face value. On January 20, 2023, the Company and NeuCourt entered into a SAFE Purchase Agreement, increasing the Company’s
aggregate SAFE Purchase Amount to $93,756. At June 30, 2025 and December 31, 2024, the SAFE Purchase Amount was $93,756.

On
December 21, 2018, the Company purchased 500,000 shares of NeuCourt Common Stock, approximately 6.13% of the issued and outstanding NeuCourt
shares at June 30, 202