Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1039

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1039
---
 
     419,073 
  
    Accrued expenses 
     597,217 
  
    Total current liabilities sold - discontinued operation 
     1,054,820 
  
    EIDL loan payable 
     51,796 
  
    Note payable - Mentor 
     - 
  
    Long term debt 
     - 
  
    Finance lease liability – long-term 
     1,069,810 
  
    Operating lease liability - long-term 
     256,071 
  
    Total noncurrent liabilities sold - discontinued operation 
     1,377,677 
  
    Total liabilities 
     2,432,497 
  
    Total net assets of discontinued operation 
    $925,355 

    (1)
    Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 2023.

    (2)
    Effective
    upon the date of sale, October 4, 2023, we deconsolidated our discontinued operation and goodwill of $102,040 previously reported
    on our consolidated financials.

    F-19

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Net
income (loss) from discontinued operations before tax

The
following is a reconciliation of the major classes of financial statement line items constituting net income (loss) from discontinued
operations before tax from WCI, our discontinued operation, that is disclosed in the notes to the financial statements and presented
in the consolidated statements of net (loss) income for fiscal year December 31, 2023, following our October 4, 2023 sale of WCI:

 Schedule of disposal groups, including discontinued operations

    December 31, 2023
  
    Revenue
    $
    -
  
    Cost of sales 
    
    - 
  
    Gross profit 
     - 

    Selling, general and administrative expenses 
     1,775,210 

    Operating income (loss) 
     (1,775,210)

    Total other income and (expense)(1) 
     4,863,129 

    Income (loss) before provision for income taxes 
    $3,087,919 
  
    Provision for income taxes 
     (8,160)
  
    Net income (loss) from continued operations