Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 34

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 34
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or changes in net assets) 
     (69,833) 
     95,982  
     -  
     -  
     - 
  
    Purchases, issuances, sales, and settlements 

    Purchases 
     614,830  
     516,346  
     -  
     -  
     - 
  
    Issuances 
     -  
     -  
     -  
     -  
     - 
  
    Sales 
     (835,209) 
     -  
     -  
     -  
     - 
  
    Settlements 
     -  
     -  
     -  
     -  
     - 
  
    Balance at September 30, 2025 
    $830,270  
    $612,328  
    $-  
    $675  
    $103,756 
  
    Ending balance 
    $830,270  
    $612,328  
    $-  
    $675  
    $103,756 

On
March 17, 2025, the Company purchased a 3 (three) kilogram gold position for $295,328, and on July 17, 2025, the Company purchased a
2 (two) kilogram gold position for $221,018. Because the Company’s primary purpose for purchasing gold was for investment purposes,
the Company elected the fair value option under ASC 825-10 “Financial Instruments – Fair Value Option.” The
fair value measure that fits the Company’s investment in gold is Level 1 because there are quoted prices in active markets for
the identical investment position. The Company reports changes in the fair value of its investment in gold as unrealized investment gains
(losses), net of the Company’s cost to sell to a known broker within the dealer market system, including commission.

    -24-

Note
11 - Common stock warrants

On
August 21, 1998, the Company filed for voluntary reorganization with the United States Bankruptcy Court for the Northern District of
California, and on January 11, 2000, the Company’s Plan of Reorganization was approved. Among other things, the Company’s
Plan of Reorganization allowed creditors and claimants to receive new Series A, B, C, and D warrants