Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1093

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1093
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    All Other Fees (4) 
     -  
     - 

    (1)
    Audit
    fees include the audit of our annual financial statements, review of our quarterly financial statements, and services that are normally
    provided by the independent auditors in connection with engagements for those fiscal years. This category also includes advice on
    audit and accounting matters that arose during, or as a result of, the audit or the review of interim financial statements. 

    (2)
    Audit-related
    fees consist of assurance and related services by the independent auditors that are reasonably related to the performance of the
    audit or review of our financial statements and are reported above under “Audit Fees.” The services for the fees disclosed
    under this category include consultation regarding our correspondence with the SEC and other accounting consulting. Mentor did not
    incur any audit-related fees in fiscal years 2024 or 2023. 

    (3)
    The
    services for the fees disclosed under this category include tax return preparation and technical tax advice.

    (4)
    All
    other fees, if any, consist of fees for other miscellaneous items.

    (5)
    In
    2024, the Company paid a total of $78,500 in audit fees. The Company paid $60,500 to BF Borgers CPA PC, our former independent auditor
    and $18,000 to Spicer Jeffries, LLP, our current independent auditor.

    (6)
    
    In
                                            2023, the Company paid a total of $66,000 in audit fees to BF Borgers CPA PC, our former
                                            independent auditor.

Our
Board has adopted a procedure for pre-approval of all fees charged by our independent auditors. Under the procedure, the Chairman of
the Board approves the engagement letter with respect to audit, tax, and review services. Other fees are subject to pre-approval by the
Board or, in the period between meetings, by a designated member of the Board. Any such approval by the designated member is disclosed
to the entire Board at the next meeting. The audit and tax fees paid to the auditors with respect to 2024 and 2023 were pre-approved
by the entire Board and our Audit Committee Chair.

39

PART
IV

Item
15. Exhibits, Financial Statement Schedules

Financial
Statements

The
Company is filing the following financial statements with this Annual Report on