Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 52

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 52
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-  
     95,982  
     - 
  
    Interest and dividend income 
     3,896  
     39,627  
     40,940  
     136,136 
  
    Interest expense 
     -  
     -  
     -  
     - 
  
    Other income 
     -  
     -  
     -  
     - 

    Income (loss) before income taxes 
    $2,675  
    $(157,215) 
    $(414,302) 
    $(771,568)

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 statements. WCI worked with business park owners, governmental centers, and
apartment complexes to reduce their facility-related operating costs. The WCI facilities operations segment is now reported as a discontinued
operation. See Note 3.

Note
18 – Subsequent events

Management
evaluated subsequent events through the date these financial statements were issued and concluded that no events subsequent to September
30, 2025 have occurred that would require recognition or disclosure, except as noted below.

Subsequent
to quarter end, between October 1, 2025, and November 11, 2025, our Chief Executive Officer, Chet Billingsley, purchased 188,000
shares of the Company’s common stock on the open market at an average price of $0.107
per share. Such share purchases are reported on Form 4s filed with the Securities and Exchange Commission within two business days
of the transaction date in accordance with Section 16(a) of the Securities and Exchange Act of 1934.

Subsequent
to quarter end, as of October 30, 2025, the Company has received a total of $18,244 in royalty interest payments, gross, which,
after payment of $884 in severance taxes