Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 62

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 62
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,
general and administrative expenses of (6.08%), for the nine months ended September 30, 2025 as compared to the prior year period.

Other
income and expense

Other
income and expense, net, totaled $67,089 for the nine months ended September 30, 2025 compared to ($133,997) for the prior year period,
an increase of $201,086 or (150.07%). The increase is due to a $250,208 loss on investment in account receivable, a $95,982
increase in unrealized gain on investment in gold, and a $135,239 increase in unrealized gain on investment in securities offset by a
$185,147 loss on sale of investments plus a $95,196 decrease in interest income for the nine months ended September 30, 2025.

Net
results

The
net result for the nine months ended September 30, 2025 was a net loss of ($418,745) or ($0.019) per Mentor common share compared to
a net loss in the prior year period of ($786,897) or ($0.033) per Mentor common share. The Company will continue to look for acquisition
opportunities to expand its portfolio in companies that are positive for operating revenue or have the potential to become positive for
operating revenue.

Liquidity
and Capital Resources

Since
our reorganization, we have raised capital through warrant holder exercise of warrants to purchase shares of Common Stock. At September
30, 2025 we had cash and cash equivalents of $109,914 and working capital of $1,549,892.

Operating
cash outflows in the nine months ended September 30, 2025 was ($397,876), including ($418,745) of net loss, increased by non-cash depreciation
and amortization of $255, and non-cash accumulated amortization of royalty interests of $69,003, increased by loss on investments at
fair value of $69,833, offset by unrealized gain on an investment position in gold at fair value of ($95,982), royalty income receivable
of ($38,456), prepaid expenses and other assets of ($7,127), accounts payable of $12,459, accrued expenses of ($3,011), and accrued salary,
retirement and benefits to related party of $13,895.

Cash
outflows from investing activities in the nine months ended September 30, 2025 were