Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1432

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 1432
---
 -  
     - 
  
    Ending cash 
    $2,182,121  
    $2,431,299 

    SUPPLEMENTARY INFORMATION: 

    Cash paid for interest – all operations 
     -  
     64,685 
  
    Less Cash paid for interest - discontinued operations 
     -  
     (29,992)
  
    Cash paid for interest – continued operations 
    $-  
    $34,693 

    Cash paid for income taxes – all operations 
     15,489  
     15,304 
  
    Less Cash paid for income taxes – discontinued operations 
     -  
     (5,784)
  
    Cash paid for income taxes – continued operations 
    $15,489  
    $9,520 

    Right of use assets acquired through finance lease liability - all operations 
     -  
     934,905 
  
    Less right of use assets acquired through finance lease liability - discontinued operations 
     -  
     (934,905)

See
accompanying Notes to Consolidated Financial Statements

F-6

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Note
1 - Nature of operations

Corporate
Structure Overview

Mentor
Capital, Inc. (“Mentor” or “the Company”) was reincorporated under the laws of the State of Delaware in September
2015.

The
entity was originally founded as an investment partnership in Silicon Valley, California, by the current CEO in 1985 and subsequently
incorporated under the laws of the State of California on July 29, 1994. On September 12, 1996, the Company’s offering statement
was qualified pursuant to Regulation A of the Securities Act, and the Company began to trade its shares publicly. On August 21, 1998,
the Company filed for voluntary reorganization, and on January 11, 2000, the Company emerged from Chapter 11 reorganization. The Company
relocated to San Diego, California, and contracted to provide financial assistance and investment into small businesses. On May 22, 2015,
a corporation named Mentor Capital, Inc. (“Mentor Delaware”) was incorporated under the laws of the State of Delaware. A
shareholder-approved merger between Mentor and Mentor Delaware was approved