Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 14

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 14
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 Reportable Segment Disclosures,” which updates ASC 280 to
expand annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment
expenses. We adopted ASU 2023-07 in fiscal year 2024.

Income
Taxes: Improvements to Income Tax Disclosures - In December 2023, the FASB issued ASU 2023-09, “Income Taxes
(Topics 740): Improvements to Income Tax Disclosures,” which updates ASC 740 to expand the disclosure requirements for
income taxes, specifically related to the rate reconciliation and income taxes paid. ASU 2023-09 is effective for annual periods
beginning after December 15, 2024. Early adoption is permitted. The ASU will be adopted by the Company upon the ASU effective date.
The adoption of this ASU is not expected to have a material impact on the Company’s consolidated financial
statements.

Income
Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures: Disaggregation of Income Statement Expenses
- In November 2024, the FASB issued ASU 2024-03 “Income Statement: Reporting Comprehensive Income-Expense Disaggregation
Disclosures (Subtopic 220-40)” which adds ASC 220-40 to expand disclosure requirements related to entity expenses. Upon
adoption, entities will be required to disclose a disaggregation of certain expense categories included within the expense captions
on the face of the income statement within the notes to the financial statements. ASU 2024-03 is effective for fiscal years
beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is
permitted. The ASU will be adopted by the Company upon the ASU effective date. The adoption of this ASU is not expected to have a
material impact on the Company’s consolidated financial statements.

There
was no accounting pronouncements issued during the nine months ended September 30, 2025 that are expected to have a material impact on
the Company’s condensed consolidated financial statements.

Concentrations
of cash

The
Company maintains its cash and cash equivalents in money market and bank deposit accounts, which at times may exceed federally insured
Federal Deposit Insurance Corporation limits. The Company has not experienced any losses in such accounts, nor does the Company believe
it is exposed to any significant credit risk on cash and cash equivalents. The Company will continue