Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 91

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 91
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 $0.

TWG,
LLC

On
October 4, 2022, the Company formed TWG, LLC (“TWG”), a Texas limited liability company, as a wholly owned subsidiary of
Mentor in order to prepare to fulfill  certain February 16, 2022 modification agreement performance obligations related to installment
payments the Company receives from a non-affiliated party.

Overview

The
Company maintains a diverse and opportunistic acquisition focus. It sold its former legacy investment in the former facilities
operations segment and continues looking to expand into operating segments of the classic energy markets of oil, gas, coal, uranium,
and related markets.

The
Company continually works to identify potential acquisitions and investments. While evaluating whether an acquisition may be in the best
interests of the Company and its shareholders, no transaction will be announced until that transaction is certain.

5

Competition

We
face formidable competition in every aspect of our business. There are many companies that are interested in investing in target companies,
similar to our energy focus, and many of them are well-funded companies.

Employees

Continuing
Operation

Mentor
and its subsidiaries combined have two full-time corporate office employees. The corporate office employees have relied heavily on outside
CPA, payroll, tax, facilities, corporate counsel, and other professional support to provide administrative support for its discontinued
operation, for MCIP, Partner I, Partner II, and TWG operations, and for the Company’s classic energy business.

Discontinued
Operation

Prior
to its sale on October 4, 2023, our discontinued operation had approximately 66 full-time employees in Phoenix, Arizona, 19 full-time
employees in San Antonio and Austin, Texas, 2 full-time employees in Houston, Texas, and 2 full-time employees in Dallas, Texas.

Available
Information About Registrant

We
have voluntarily registered our securities under Section 12(g) of the Securities Exchange Act of 1934, and such registration became effective
January 19, 2015. Since that date, we have filed quarterly, annual, and current reports with the Securities and Exchange Commission (“SEC”).

The
SEC maintains an Internet site containing reports, proxy and information statements, and other information regarding issuers that file
electronically with the SEC at http://www.sec.gov.

Our
periodic reports and other required disclosures are available at our company website located at: www.MentorCapital.com.

Item
1A. Risk Factors.

In