Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1765

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 1765
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 finance lease payments receivable from Pueblo West to Partner II received on September 27, 2022, and
the operation of subsidiaries Mentor IP, Partner I, Partner II, and TWG, and 2) its classic energy segment which consists of the
Company’s operations and investment in the classic energy space. The classic energy segment includes the fair value of
securities investments in (i) oil and gas through Exxon Mobil Corp. (XOM) stock, Occidental Petroleum Corp. (OXY) stock, and Chevron
Corp. (CVX) stock, (ii) uranium through Cameco Corp. (CCJ) stock, (iii) coal through Arch Resources, Inc. (ARCH) stock, and (iv) energy
pipelines through Energy Transfer LP (ET) stock. The Company’s primary aim for its classic energy segment is to acquire
tangible, revenue-generating energy assets, such as oil and gas royalties, oil service businesses or other private energy operating
companies as viable opportunities for such acquisition(s) become available. Additionally, the Company formerly had small investments
in securities listed on the NYSE and NASDAQ, an investment in note receivable from a non-affiliated party that was fully impaired on
June 11, 2024, and the fair value of convertible notes receivable and accrued interest from NeuCourt, which on July 15, 2022, was
exchanged for a NeuCourt SAFE security investment that is carried at cost as a long-term investment and is included with the
Company’s long term investments on the Company’s consolidated balance sheet. The investment in NeuCourt and unrealized
and realized investment gains and losses are included in the Corporate, Other, and Eliminations section below.

Our
Chief Operating Decision Maker (“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