Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 51

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 51
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18, 2025
and August 11, 2025 our Chief Executive Officer, Chet Billingsley, purchased 211,000 shares of the Company’s common stock on the open
market at an average price of $0.047 per share. Such share purchases are reported on Form 4s filed with the Securities and Exchange Commission
within two business days of the transaction date in accordance with Section 16(a) of the Securities and Exchange Act of 1934.

Subsequent to quarter end, as of August 5, 2025, the Company has received
a total of $33,039 in royalty interest payments, net, after payment of $1,702 in owner taxes paid by the Company. Net royalty payments
received represent a portion of the first round of royalty income owed to the Company, which was earned between March 1, 2025, and May
31, 2025, and is being sent out by various operators. The Company will continue to closely monitor initial royalty payments until all
operators have completed the setup of their recurring payments to Mentor.

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Item
2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The
following discussion will assist in the understanding of our financial position at June 30, 2025 and the results of operations for the
three and six months ended June 30, 2025 and 2024. The information below should be read in conjunction with the information contained
in the unaudited Condensed Consolidated Financial Statements and related notes to the financial statements included within this Quarterly
Report on Form 10-Q for the three and six months ended June 30, 2025 and 2024 and our Annual Report on Form 10-K for the year ended December
31, 2024.

Corporate
Background

The
Company’s common stock trades publicly under the trading symbol OTCQB: MNTR.

The
Company was originally founded as an investment partnership in Silicon Valley, by the current CEO in 1985. The partnership acquired a
salsa factory, bakery, trucking company, tortilla chip plant, and an athletic club chain. The former investment partnership was incorporated
under the laws of the State of California on July 29, 1994 and on September 12, 1996, the Company’s offering statement was qualified
under Regulation A of the Securities Act of 1933 and began to trade its shares publicly. The Company relocated to San Diego, California,