Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 59

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 59
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 and can raise additional funds as may be needed to support their business plan and develop an operating, cash flow positive company.

Results
of Operations

Three
Months Ended June 30, 2025, compared to Three Months Ended June 30, 2024

Revenues

Accrued
revenue for the three months ended June 30, 2025 was $75,000 compared to $0 for the three months ended June 30, 2024 (“the prior
year period”).

Gross
profit

Gross
profit for the three months ended June 30, 2025 was $75,000 compared to $0 for the prior year period. The Company’s cost of goods
sold for the three months ended June 30, 2025 were $0 and $0 for the prior year period.

Selling,
general and administrative expenses

Our
selling, general and administrative expenses for the three months ended June 30, 2025 was $201,732 compared to $212,027 for the prior
year period, a decrease of $10,295 or 4.86%. We experienced a $38,038 decrease in professional expenses, a $21,250 decrease in board
of director fees, and a $184 decrease in depreciation expense offset by a $34,247 increase in amortization expense, a $8,500 increase
in officer salary, benefits, and payroll taxes, a $4,307 increase in employee salary, benefits, and payroll taxes, a $1,412 increase
in administrative expenses, a $608 increase in travel related expenses, a $78 increase in insurance expense, and a $25 increase in advertising
expenses resulting in a decrease in other selling, general and administrative expenses of 4.86%, for the three months ended June 30,
2025 as compared to the prior year period.

Other
income and expense

Other
income and expense, net, totaled ($89,973) for the three months ended June 30, 2025 compared to ($209,649) for the prior year period,
a decrease of $119,676 or 57.08%. The decrease is due to a $250,208 decrease in loss on investment in account receivable, a $89,181 increase
in unrealized gain on investment in securities, and a $16,996 increase in unrealized gain on investment in gold offset by a $194,639
increase on loss on sale of investments plus a $42