Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 617

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 617
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 difficulties in securing additional
financing. Additionally, the collectability of our investment in account receivable was impaired by $116,430
on February 15, 2022, due to a reduction in our estimated collection amount for the 2020 annual installment payment, which was
affected by the COVID-19 pandemic, and the terms of the investment were modified, resulting in an additional loss of $41,930
and at June 11, 2024 the receivable was fully impaired due to a history of uncertain payments. The Company’s recognition of an
impairment loss due to the uncertainty of collection does not diminish its contractual rights to collect the full amounts due
pursuant to the contract. The Company intends to continue to vigorously pursue the payment of the amounts owed by available legal
means. See Note 4.

The
risk of inflation, interest rate increases, tax increases, recession, high energy prices, and supply-demand imbalances are expected to
continue in 2025.

We
anticipate that current cash and associated resources without new inflows would be sufficient for us to execute our business plan
for four years after the date these financial statements are issued. The ultimate impact of the war in Ukraine, the Israel-Hamas
war, the post-election change in the U.S. federal government’s administration, potential cyber-attacks, inflation, interest rate
increases, tax increases, tariff increases and a potential recession on our business, results of operations, cybersecurity,
financial condition, and cash flows are dependent on future developments, which are uncertain and cannot be predicted at this
time.

Segment
reporting

Continuing
operations

The
Company has determined that there are currently two reportable segments: 1) the historic residual operations segment and 2) the Company’s
energy segment.

    F-9

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Discontinued
operation

On
October 4, 2023, the Company’s facilities operations segment was sold for $6,000,000. Following the sale, the Company received
no new income from WCI and had no further involvement or continuing influence over its operations. As a result, our facilities operations
segment was deconsolidated on the date of the sale, and our former facilities operations segment is reported as a discontinued operation.
See Note 3.

Use
of estimates

The
preparation of our