Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 15

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 15
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 accounts will be required. At June 30, 2025 and December 31, 2024, the Company had no allowance for doubtful
normal course receivables.

Investments
in securities at fair value

Investment
in securities consists of debt and equity securities reported at fair value. Under ASU 2016-01, “Financial Instruments - Overall:
Recognition and Measurement of Financial Assets and Financial Liabilities,” the Company elected to report changes in the fair
value of equity investment in unrealized investment gains (losses), net.

Investments
in gold at fair value

Our
investment in gold consists of the quoted, unadjusted market price of our gold position reported at fair value less the Company’s
known cost to sell. Under ASC 825-10 “Financial Instruments: Fair Value Option,” and ASC 820 “Fair Value
Measurement” the Company elected to report changes in the fair value of its gold investment in unrealized investment gains
(losses), net of the Company’s cost to sell to a known broker within the dealer market system including commission.

    -14-

Long
term investments

The
Company’s investments in entities where it is a minority owner and does not have the ability to exercise significant influence
are recorded at fair value if readily determinable. If the fair market value is not readily determinable, the investment is recorded
under the cost method. Under this method, the Company’s share of the earnings or losses of such investee company is not included
in the Company’s financial statements. The Company reviews the carrying value of its long-term investments for impairment each
reporting period.

Investments
in debt securities

At
June 30, 2025 and December 31, 2024, the Company held no investments in debt securities. The Company’s former investment in debt
securities consisted of two convertible notes receivable from NeuCourt, Inc. On July 15, 2022, all principal and accrued interest on
the notes was converted into a Simple Agreement for Future Equity (“SAFE”). At June 30, 2025 and December 31, 2024, the
SAFE Purchase Amount was $93,756. See Note 7.

Investment
in account receivable, net of discount

The
Company’s investments in accounts receivable are stated at face value, net of unamortized purchase discount. The discount is amortized
to interest income over the term of the exchange agreement. In the fourth quarter of 202