Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1242

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 1242
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 LP (ET) stock. The Company’s primary aim for its classic energy segment is to acquire
tangible, revenue-generating energy assets, such as oil and gas royalties, oil service businesses or other private energy operating
companies as viable opportunities for such acquisition(s) become available. Additionally, the Company formerly had small investments
in securities listed on the NYSE and NASDAQ, an investment in note receivable from a non-affiliated party that was fully impaired on
June 11, 2024, and the fair value of convertible notes receivable and accrued interest from NeuCourt, which on July 15, 2022, was
exchanged for a NeuCourt SAFE security investment that is carried at cost as a long-term investment and is included with the
Company’s long term investments on the Company’s consolidated balance sheet. The investment in NeuCourt and unrealized
and realized investment gains and losses are included in the Corporate, Other, and Eliminations section below.

Our
Chief Operating Decision Maker (“CODM”) is our Chairman and Chief Executive Officer, Chet Billingsley. Our CODM evaluates
the performance of the Company’s operating segments on an ongoing weekly basis and he routinely monitors each segment’s exposure
to risk due to potential economic factors, societal trends, and market conditions in order to assess and determine the proper allocation
of resources related to segment expenses. Our CODM uses segment operating income (loss) to review monthly, quarterly, and annual segment
trends.  Additionally, he regularly monitors actual and prospective cash and cash equivalent balances weekly.

Costs
not allocated to our two reportable segments represent activities associated with the Company’s management and headquarters functions,
especially with regard to accounting and audits for the Company and its majority-owned subsidiaries. The Company’s headquarters
functions also include monitoring our less than majority positions for value and investment security and reviewing possible acquisition
candidates and acquisition assets on an ongoing basis. These costs primarily included administrative expenses, professional service fees,
adverting and promotion expenses, travel related expenses, employee and officer salaries, employee and officer accrued benefits, employee
and officer payroll tax expenses, board fees, and depreciation expenses. See Part II, Item 7. Management’s Discussion and Analysis
of Financial Condition and Results of Operations, Results of Operations for the year ended December 31, 2024 compared to the year ended
December 31, 2023, Selling, General, and Administrative Expenses for a further disclosure and discussion of the Company’s management
and headquarters related expenses.