Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 45

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 45
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 on the unpaid notes receivable balance and collections of the unpaid lease receivable balance due
to the history of uncertain payments from G Farma and the G Farma Settlors. Payments from the G Farma Settlors will be recognized in
Other Income as they are received. No recovery payments were included in other income in the consolidated financial statements for the
six months ended June 30, 2025 and year ended December 31, 2024. The $2,539,597 judgment and interest receivable of $500,962 for the
six months ended June 30, 2025 is fully reserved pending the outcome of the Company’s collection process. See Notes 1 and 8 to
this Quarterly Report and Notes 1, 8, 9, and 16 to Company’s Annual Report for the period ended December 31, 2024 on Form 10-K
filed with the Securities and Exchange Commission on May 31, 2025 for a discussion of the reserve against the finance lease receivable.

Note
17 – Segment Information

Continuing
Operations

The
Company is an operating, acquisition, and investment business. Subsidiaries in which the Company has a controlling financial
interest are consolidated. The Company generally has two reportable
segments. The first reportable segment is its classic energy segment which consists of the Company’s operations and investment
in the classic energy space. The classic energy segment includes the fair value of securities investments in (i) oil and gas through
Exxon Mobil Corp. (XOM) stock, Occidental Petroleum Corp. (OXY) stock, and Chevron Corp. (CVX) stock, (ii) uranium through Cameco
Corp. (CCJ) stock, and (iii) coal through Core Natural Resources, Inc. (CNR) stock, plus the Company’s March 2025 acquisition
of three fractional, non-operating royalty interests in oil and gas properties covering approximately one-hundred twenty-one (121)
wells in the Spraberry Field of the Permian Basin in West Texas for total consideration of $1,369,899.
The Company’s primary aim for its classic energy segment is to acquire revenue-generating energy assets, such as oil and gas
royalties, oil service businesses or other private energy operating companies as viable opportunities for such acquisition(s) become
available. The second reportable segment consists of the Company’s historic residual operations, which includes the
fully impaired settlement payments rece