Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 56

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 56
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 purchase shares of Common Stock. At March 31, 2025 we had cash and cash equivalents of $450,504
and working capital of $1,679,058.

Operating
cash outflows in the three months ended March 31, 2025 was ($148,528), including ($204,715) of net income, increased by an
unrealized loss on investment in securities at fair value of $42,991, increase in accounts payable of $71,976, non-cash depreciation
and amortization of $85, and non-cash accumulated amortization of royalty interests of $508, offset by unrealized gain on an
investment position in gold at fair value of ($7,043), royalty income receivable of ($2,000), other receivable of escrow funds of
($11,242), prepaid expenses and other assets of ($11,770), accrued expenses of ($16,549), and accrued salary, retirement and
benefits to related party of ($10,769).

Cash outflows from investing activities in the three
months ended March 31, 2025 were ($1,583,089) which included $82,138 proceeds from investment in securities sold, less ($295,328) purchase
of a gold position, and ($1,369,899) purchase of three separate royalty interests in the Permian Basin.

Net
cash outflows from financing activities for the three months ended March 31, 2025 were $0.

We will seek to raise additional funds through financing,
additional collaborative relationships, or other arrangements to increase revenues to support positive cash flow.

In addition, on February 9, 2015, in accordance with
Section 1145 of the United States Bankruptcy Code and the Company’s court-approved Plan of Reorganization, the Company announced
a minimum 30-day partial redemption of up to 1% of the already outstanding Series D warrants to provide for the court specified redemption
mechanism for warrants not exercised timely by the original holder or their estates. Company designees that applied during the 30 days
paid 10 cents per warrant to redeem the warrant and then exercised the Series D warrant to purchase a share at the court-specified formula
of not more than one-half of the closing bid price on the day preceding the 30-day exercise period. The periodic partial redemptions may continue to be recalculated and repeated until such unexercised
warrants are exhausted or the partial redemption is otherwise temporarily paused