Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 22

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 22
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 to common stockholders
for the period by the weighted average number of shares of Common Stock outstanding during the period. Diluted net income or loss per
share takes into consideration shares of Common Stock outstanding (computed under basic net income or loss per share) and potentially
dilutive securities that are not anti-dilutive.

Outstanding
warrants that had no effect on the computation of the dilutive weighted average number of shares outstanding as their effect would be
anti-dilutive were approximately 4,250,000 and 4,250,000 as of June 30, 2025 and December 31, 2024, respectively. There were no potentially
dilutive shares outstanding at June 30, 2025 and December 31, 2024.

Conversion
of Series Q Preferred Stock into Common Stock would be anti-dilutive for the three and six months ended June 30, 2025 and 2024 and is
not included in calculating the diluted weighted average number of shares outstanding.

Note
3 – Discontinued operation

In
2003, the Company purchased a 50% interest in Waste Consolidators, Inc., a facilities operation company that comprised our facilities
operation segment (“WCI”) and increased its ownership stake in WCI by 1% in 2014. Since January 1, 2014, our controlling
interest investment in WCI included a facilities operations segment, which provides waste management and disposal services to business
park owners, governmental centers, and apartment complexes in Phoenix, Austin, San Antonio, Houston, and Dallas. On October 4, 2023,
the Company sold the entirety of its interest in WCI for $6,000,000 by entering into a Stock Purchase Agreement whereby the shareholders
of WCI sold all of the outstanding shares of stock to Ally Waste Services, LLC.

In
connection with the sale, the Company received net, after WCI debt payoff, $5,000,000 in cash and a one-year unsecured, subordinated,
promissory note in the initial principal face amount of $1,000,000. The $1,000,000 initial principal face amount of the note plus accrued
interest of $60,000 was paid by Ally on October 4, 2024.

At
December 31, 2023 we recognized a $4,805,389
gain on our sale of WCI.

Goodwill

Effective
October 4, 2023, on