Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 751

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 751
---
2024  
    December 31, 2023 
  
    October 4, 2023 Ally Waste Services, LLC subordinated promissory note receivable, including accrued interest of $0 and $15,000, at December 31, 2024 and 2023, respectively. The note bore interest at 6% per annum. The $1,000,000 initial principal face amount of the note plus accrued interest of $60,000 was paid by Ally on October 4, 2024. 
    $-  
    $1,015,000 

    Total note receivable, including interest 
    $-  
    $1,015,000 

Note
6 - Property and equipment

Property
and equipment are comprised of the following at December 31, 2024 and 2023:

 Schedule of property, plant and equipment

    2024  
    2023 
  
    Computers 
    $33,626  
    $33,626 
  
    Furniture and fixtures 
     14,613  
     14,613 
  
    Machinery and vehicles 
     -  
     - 
  
    Gross Property and equipment 
     48,239  
     48,239 
  
    Accumulated depreciation and amortization 
     (47,721) 
     (46,648)

    Net Property and equipment 
    $518  
    $1,591 

Continuing
Operations

Depreciation
and amortization expenses for our continuing operations was $1,073 and $1,706
for the years ended December 31, 2024 and 2023,
respectively. All depreciation is included in selling, general and administrative expenses in the consolidated income statements.

    F-27

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Discontinued
Operation

Prior
to the October 4, 2023 sale date, on September 30, 2023, depreciation and amortization expenses for our discontinued operations were
$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.

Note
7 – Convertible notes receivable

On