Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 66

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 66
---
-looking
statements.

We
face significant risks, and the risks described below may not be the only risks we face. Additional risks that we do not know of or that
we currently consider immaterial may also impair our business operations. If any of the events or circumstances described in the following
risks actually occurs, our business, financial condition or results of operations could be harmed, and the trading price of our Common
Stock could decline.

We
may incur material expenses or delays in financings or SEC filings due to the dismissal of our former auditor, BF Borgers, and our stock
price and access to the capital markets may be affected.

As
a public company, we are required to file annual and quarterly financial statements with the Securities and Exchange Commission which
are audited or reviewed, as applicable, by independent registered public accountants who are PCAOB-registered, and permitted to appear
and practice before the Securities and Exchange Commission. On May 3, 2024, our former auditor, BF Borgers was prohibited from practicing
before the Securities and Exchange Commission. On May 15, 2024, the Company’s audit committee and Board of Directors unanimously
approved the engagement of the Company’s new independent registered public accountant who completed our recent year-end 2024 audit
and the re-audit of 2023 and 2022 opening balances. Regardless, any negative news about the proceedings against BF Borgers may also adversely
affect investor confidence and public perception of the Company. All of these factors could materially and adversely affect our business,
the market price of our common stock, and our ability to access the capital markets.

-41-

Variable
financial conditions can be challenging.

Securing
additional sources of financing to enable us to increase investing in our target markets will be difficult, and there is no assurance
of our ability to secure such financing. A failure to obtain additional financing, or to continue to generate capital from the sale of
operating businesses and assets, or to generate positive cash flow from operations could prevent us from continuing to seek out and invest
in larger new companies.

Mentor
will continue to attempt to raise capital resources from related and unrelated parties through the sale of preferred and common stock
equity and debt. Management’s plans further include monetizing existing mature business projects and increasing revenues through
acquisition, investment, and organic growth.

A
failure to obtain financing could prevent us from executing our business plan.

We
anticipate that current cash resources and opportunities without new