Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 12

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 12
---
 were modified, resulting in an additional loss of $41,930
and at June 11, 2024 the receivable was fully impaired due to a history of uncertain payments. The Company’s recognition of an
impairment loss due to the uncertainty of collection does not diminish its contractual rights to collect the full amounts due
pursuant to the contract. The Company intends to continue to pursue the payment of the amounts owed by available legal
means. See Note 4.

The
risk of money printing, inflation, interest rate increases, tax increases, recession, high energy prices, and supply-demand
imbalances are expected to continue in 2025.

We
anticipate that current cash and associated resources without new inflows would be sufficient for us to execute our business plan
for four years after the date these financial statements are issued. The ultimate impact of the war in Ukraine, the war in the
Middle East, the reoccurring election-related changes in the U.S. federal government’s administration, potential cyber-attacks,
inflation, interest rate fluctuations, tax increases, tariff increases and a potential recession on our business, results of
operations, cybersecurity, financial condition, and cash flows are dependent on future developments, which are uncertain and cannot
be predicted at this time.

    -12-

Segment
reporting

Continuing
operations 

The Company has determined that there are currently
two reportable segments: 1) the Company’s energy segment and 2) the Company’s historic residual operations segment. 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.

Discontinued
operation

On
October 4, 2023, the Company’s facilities operations segment was sold for $6,000,000. Following the sale, the Company received
no new income from the discontinued operation, and it had no further involvement or continuing influence over its operations. As a result,
our facilities operations segment was deconsolidated on the date of the sale, and our former facilities operations segment is reported
as a discontinued operation. See Note 3.

Use
of estimates

The
preparation of our condensed consolidated financial statements in conformity with GAAP requires management to make estimates, assumptions,
and judgments that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the
date of our consolidated financial statements, and the reported