Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 345

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 345
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The
following discussion of our financial condition and results of operations for the years ended December 31, 2024, and 2023 should be read
in conjunction with the financial statements and the notes to those statements that are included elsewhere in this Annual Report on Form
10-K.

We
sold the entirety of our majority ownership interest in Waste Consolidators, Inc. (“WCI”) on October 4, 2023 for $6,000,000,
resulting in the elimination of our facilities operations segment at that time. Accordingly, the results of operations and assets and
liabilities for this segment were excluded from the Company’s continuing operations on December 31, 2023, and for all prior periods
of comparison and are presented as a discontinued operation in this report and in the Company’s Annual Report for the period ended
December 31, 2023 on Form 10-K as filed with the Securities and Exchange Commission on April 1, 2024.

Corporate
Background

Beginning
September 2008, after the name change back to Mentor Capital, Inc., the Company’s common stock traded publicly under the trading
symbol OTC Markets: MNTR and after February 9, 2015, as OTCQB: MNTR and after August 6, 2018, under the trading symbol OTCQX: MNTR and
after May 1, 2020, under the trading symbol OTCQB: MNTR.

In
2009, the Company began focusing its investing activities on leading-edge cancer companies. In response to government limitations on
reimbursement for highly technical and expensive cancer treatments and a resulting business decline in the cancer immunotherapy sector,
the Company decided to exit that space. In the summer of 2013, the Company was asked to consider investing in a cancer-related project
with a medical marijuana focus. In late 2019, the Company expanded its target industry focus which now prioritizes the oil, gas, coal, uranium, and related businesses.
In September 2020, the Company moved its corporate office to Plano, Texas. Most recently, the Company has signaled a substantial return
to its energy roots, starting with a tracking investment in six New York Stock Exchange energy companies in the oil and gas, coal, uranium,
and pipeline markets while also working to cooperatively acquire royalty interests and operating
companies in these classic energy markets.

Acquisitions
and investments

Discontinued
Operation - Waste Consolidators, Inc.

In
2003