Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 664

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 664
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CODM”) is our Chairman and Chief Executive Officer, Chet Billingsley. Our CODM evaluates
the performance of the Company’s operating segments on an ongoing weekly basis and he routinely monitors each segment’s exposure
to risk due to potential economic factors, societal trends, and market conditions in order to assess and determine the proper allocation
of resources related to segment expenses. Our CODM uses segment operating income (loss) to review monthly, quarterly, and annual segment
trends.  Additionally, he regularly monitors actual and prospective cash and cash equivalent balances weekly.

Costs
not allocated to our two reportable segments represent activities associated with the Company’s management and headquarters functions,
especially with regard to accounting and audits for the Company and its majority-owned subsidiaries. The Company’s headquarters
functions also include monitoring our less than majority positions for value and investment security and reviewing possible acquisition
candidates and acquisition assets on an ongoing basis. These costs primarily included administrative expenses, professional service fees,
adverting and promotion expenses, travel related expenses, employee and officer salaries, employee and officer accrued benefits, employee
and officer payroll tax expenses, board fees, and depreciation expenses. See Part II, Item 7. Management’s Discussion and Analysis
of Financial Condition and Results of Operations, Results of Operations for the year ended December 31, 2024 compared to the year ended
December 31, 2023, Selling, General, and Administrative Expenses for a further disclosure and discussion of the Company’s management
and headquarters related expenses.

Segment
information for our current operating segments is as follows:

 Schedule of segment information

    Energy Segment  
    Historic Segment  
    Corporate, Other, and Eliminations  
    Consolidated 
  
    2024 

    Net revenue 
    $-  
    $-  
    $-  
    $- 
  
    Operating income (loss) 
     -  
     (990) 
     (779,222) 
     (780,212)
  
    Interest and dividend income 
     20,289  
     -  
     150,966  
     171,255 
  
    Interest expense 
     -  
     -  
     -  
     - 
  
    Property additions 
     -  
     -  
     -  
     - 
  
    Depreciation and amortization 
     -  
     -