Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 36

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 36
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,512 Series H ($7) Warrants outstanding. The warrants are subject to cashless exercise based upon the ten-day trailing
closing bid price preceding the exercise as interpreted by the Company.

As
of September 30, 2025, and December 31, 2024, the weighted average contractual life for all Mentor warrants was 12.75 years and 13.50
years, respectively, and the weighted average outstanding warrant exercise price was $0.64 and $0.64 per share, respectively.

During
the nine months ended September 30, 2025, no Series D warrants were exercised, and no warrants were issued. The intrinsic value of outstanding
warrants at September 30, 2025 and December 31, 2024 was $340,000 and $237,150, respectively.

The
following table summarizes Series D common stock warrants as of each period:

Schedule of common stock warrants 

    Series D 
  
    Outstanding at December 31, 2023 
     6,250,000 
  
    Issued 
     - 
  
    Canceled 

    Exercised 
     2,000,000 

    Outstanding at December 31, 2024 
     4,250,000 
  
    Issued 
     - 
  
    Exercised 
     - 
  
    Outstanding at September 30, 2025 
     4,250,000 

    -25-

Series
E, F, G, and H warrants were issued for investment banking and advisory services during 2009. Series E, F, and G warrants were exercised
in 2014. As of September 30, 2025, there were 413,512 Series H ($7) Warrants outstanding. The following table summarizes Series H ($7)
warrants as of each period:

    Series H $7.00 exercise price 
  
    Outstanding at December 31, 2023 
     413,512 
  
    Issued 
     - 
  
    Canceled 
     - 
  
    Exercised 
     - 
  
    Outstanding at December 31, 2024 
     413,512 
  
    Outstanding beginning balance 
     413,512 

    Issued 
     - 
  
    Exercised 
     - 
  
    Outstanding at September 30, 2025 
     413,512