Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 46

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 46
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ivable from G Farma and its co-defendants in the amount of $2,539,597
plus $500,962
at June 30, 2025 and the operation of subsidiaries Mentor IP, Partner I, Partner II, and TWG. 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. Additionally, the Company
formerly had small investments in securities listed on the NYSE and NASDAQ, an investment in note receivable from a non-affiliated
party that was fully impaired on June 11, 2024, and the fair value of convertible notes receivable and accrued interest from
NeuCourt, which on July 15, 2022, was exchanged for a NeuCourt SAFE security investment that is carried at cost as a long-term
investment and is included with the Company’s long term investments on the Company’s consolidated balance sheet. Gold
investment, short-term treasury exchange traded funds, and the investment in NeuCourt are included in the Corporate and Eliminations
section below.

Our Chief Operating Decision Maker (“CODM”)
is our Chairman and Chief Executive Officer, Chet Billingsley. Our CODM evaluates the performance of the Company’s operating segments
on an ongoing weekly basis and he routinely monitors each segment’s exposure to risk due to potential economic factors, societal
trends, and market conditions in order to assess and determine the proper allocation of resources related to segment expenses. Our CODM
uses segment operating income (loss) to review monthly, quarterly, and annual segment trends. Additionally, he regularly monitors actual
cash and cash equivalent balances daily.

    -30-

The
Company’s three (3) fractional royalty interests entitled the Company to receive a proportional share of revenues generated from
the production of hydrocarbons from the underlying property, without incurring any operating or production costs. Working interest owners
of our royalty interests bear the costs of operation and development. Accrued royalty income is estimated and recognized in the month
it is earned. The difference between this accrued royalty revenue and the amount finally received is adjusted when royalty payments are
actually paid out. Accrual of estimated royalty income were $75,000 and $0 for the three months ended June 30, 2025 and 2024, and $77,000
and $0 for the six months ended June 30, 2025 and