Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 1

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 1
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     26,050  
     42,599 
  
    Total current liabilities 
     101,192  
     45,765 

    Long-term liabilities 

    Accrued salary, retirement, and incentive fee-related party 
     465,809  
     476,578 
  
    Total long-term liabilities 
     465,809  
     476,578 
  
    Total liabilities 
     567,001  
     522,343 

    Commitments and Contingencies (Note 16) 
     -  
     - 

    Shareholders’ equity 

    Preferred stock, $0.0001
    and $0.0001 par value,
    5,000,000 and 5,000,000
    shares authorized; 11 and
    11 series Q preferred shares issued
    and outstanding at March 31, 2025 and December 31, 2024, respectively. * 
     -  
     - 
  
    Common stock, $0.0001 and $0.0001 par value, 75,000,000 and 75,000,000 shares authorized; 21,686,105 and 21,686,105 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively. 
     2,169  
     2,169 
  
    Additional paid in capital 
     11,917,362  
     11,917,362 
  
    Accumulated deficit 
     (9,232,027) 
     (9,027,312)
  
    Total shareholders’ equity 
     2,687,504  
     2,892,219 

    Total liabilities and shareholders’ equity 
    $3,254,505  
    $3,414,562 

    *
    Par value is less than $0.01.

See accompanying Notes to Financial Statements

-5-

Mentor Capital, Inc.

Condensed Consolidated Income Statements (Unaudited)

    2025  
    2024 

    Three Months Ended 

    March 31, 

    2025  
    2024 
  
    Revenue 

    Royalty revenue 
    $2,000  
    $- 

    Total revenue 
     2