Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 526

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 526
---
 liability maturities for operating and finance leases

    Maturity of lease liabilities October 4, 2023(1) 
    Finance leases  
    Operating leases 
  
    2024 
     419,073  
     67,804 
  
    2025 
     424,735  
     74,860 
  
    2026 
     388,723  
     82,475 
  
    2027 
     251,571  
     90,670 
  
    2028 
     4,781  
     8,066 
  
    Total 
     1,488,883  
     323,875 

    Less: Present value discount 
     (419,073) 
     (67,804)
  
    Total lease liabilities 
    $1,069,810  
    $256,071 

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

Term
debt disclosures

Our
discontinued operation had no term debt on the date of the sale.

Economic
injury disaster loan disclosures

On
July 9, 2020, our discontinued operation received an additional economic injury disaster loan in the amount of $149,900 through the Small
Business Administration. The loan was secured by all tangible and intangible personal property of our discontinued operation, bore interest
at 3.75% per annum, required monthly installment payments of $731 beginning July 2021, and matured July 2050. In March 2021, the Small
Business Administration extended the deferment period for payments, which extended the initial payment until July 2022. The loan was
collateralized by all tangible and intangible assets of our discontinued operation. Coincident with the sale, the economic injury disaster
loan plus interest was paid in full.

Other
receivable disclosures

Other
receivable consisted of the following:

 Schedule of other receivable

    October 4, 2023 
  
    Accrued sales tax receivable from customers* 
     20,374 

    Total other receivable 
    $20,374 

    *
    At
    December 31, 2022, our discontinued operation’s estimated accrued sales tax receivable was $237,243