Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 636

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 636
---
 other receivable 
    $20,374 

    *
    At
    December 31, 2022, our discontinued operation’s estimated accrued sales tax receivable was $237,243 out of the remaining $285,128
    that our discontinued operation was entitled to collect at year-end. As of September 30, 2023, our discontinued operation received
    $206,671 from its customers, and estimated that an additional $20,374 in accrued sales tax would be received from its clients. Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 2023.

    F-21

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Property,
plant, and equipment disclosures

Property
and equipment for our discontinued operation were comprised of the following:

 Schedule of property, plant and equipment

    October 4, 2023 (1) 
  
    Computers 
    $- 
  
    Furniture and fixtures 
     12,761 
  
    Machinery and vehicles 
     380,077 
  
    Gross Property and equipment 
     392,838 
  
    Accumulated depreciation and amortization 
     (213,165)

    Net Property and equipment 
    $179,673 

    (1)
    Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 2023.

    F-22

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Prior
to the October 4, 2023 sale date, on September 30, 2023, depreciation and amortization expenses was $49,260. Of these amounts, depreciation
on our discontinued operation’s vehicles used to service customer accounts included in the cost of goods sold and was $16,325.
All other depreciation was associated with our discontinued operation’s selling, general, and administrative expenses.

Lessee
Leases disclosures

Our
discontinued operation’s operating leases were comprised of office space and office equipment leases. Fleet and vehicle leases
were entered into prior to January 1, 2019, and under ASC 840 guidelines, they had 4-year terms and were classified as operating leases.
Fleet leases entered