Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1597

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 1597
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,560,757, accrued expenses of $523,178, finance lease liability of $1,488,883,
an operating lease liability of $323,875, an EIDL loan liability of $58,031, and long term debt of $0.

At
December 31, 2023 we reported a $4,805,389 gain on disposal of our discontinued operation, which is reported above in this Note 3, in
our consolidated income statements, and our consolidated statements of cash flows.

    F-20

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Lease
commitment disclosures

Prior
to the October 4, 2023 sale date, on September 30, 2023, our discontinued operation had entered into non-cancellable operating and finance
leases for office and warehouse space, computers, furniture, fixtures, machinery, and vehicles. The following summarizes our discontinued
operations’ lease liability maturities for operating and finance leases effective October 4, 2023:

 Schedule
of lease liability maturities for operating and finance leases

    Maturity of lease liabilities October 4, 2023(1) 
    Finance leases  
    Operating leases 
  
    2024 
     419,073  
     67,804 
  
    2025 
     424,735  
     74,860 
  
    2026 
     388,723  
     82,475 
  
    2027 
     251,571  
     90,670 
  
    2028 
     4,781  
     8,066 
  
    Total 
     1,488,883  
     323,875 

    Less: Present value discount 
     (419,073) 
     (67,804)
  
    Total lease liabilities 
    $1,069,810  
    $256,071 

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

Term
debt disclosures

Our
discontinued operation had no term debt on the date of the sale.

Economic
injury disaster loan disclosures

On
July 9, 2020, our discontinued operation received an additional economic