Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 58

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 58
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 such time as the judgment
is paid in full. The judgment and interest receivable of $564,973 at September 30, 2025 is fully reserved pending the outcome of the
Company’s collection process. Payments from G Farma and G Farma guarantors will be recognized in Other Income as they are received.
The Company has retained the full reserve 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.

Mentor
Partner I, LLC

Mentor
Partner I, LLC (“Partner I”) was reorganized under the laws of the State of Texas in February 2021. Partner I originally
held the contractual rights to lease payments from G Farma and now the related settlement and $2,539,597 judgment receivable plus interest
receivable of $564,973 at September 30, 2025 in favor of the Company and Partner I.

-36-

Mentor
Partner II, LLC

Mentor
Partner II, LLC (“Partner II”) was reorganized under the laws of the State of Texas in February 2021. Partner II originally
held the contractual rights to lease payments from Pueblo West, which was paid off by a final payment of $245,369 on September 28, 2022.

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.

Ally
Waste Services, LLC

On
October 4, 2023, in connection with the sale of the Company’s 51% ownership interest in WCI, the Company received a one-year unsecured,
subordinated, promissory note in initial principal face amount of $1,000,000 from Ally Waste Services, LLC (“Ally”) at 6%
per annum. 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.

Overview

The
Company maintains an opportunistic acquisition focus. It sold its former legacy investment in the former facilities operations
segment and continues looking to expand into the classic