Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1311

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9B
Chunk 1311
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 favor of Mentor and Partner I in the amount of $2,539,597,
which is comprised of $2,494,450 principal (calculated as the aggregate settlement amount, less payments made by the G Farma Settlors,
plus the default addition) plus accrued and unpaid interest of $40,219, costs of $1,643, and attorneys’ fees of $3,285 incurred
by Mentor and Mentor Partner I in connection with obtaining the judgment. The judgment also accrues post-judgment interest at the rate
of 10% from July 11, 2023, until such time as the judgment is paid in full.

Net
finance leases receivable from G Farma remain fully impaired at December 31, 2024 and 2023. Payment received will first be applied against
the notes receivable described in Note 8, and if any additional amounts are recovered, they will then be applied against the finance
leases receivable. There was no finance lease revenue recognized on Partner I finance leases at December 31, 2024 and 2023, respectively.
See Note 16.

Net
finance leases receivable, non-performing, consist of the following at December 31, 2024 and 2023:

 Schedule of net finance leases receivable, non-performing

    2024  
    2023 
  
    Gross minimum lease payments receivable 
    $1,203,404  
    $1,203,404 
  
    Less: unearned interest 
     (400,005) 
     (400,005)
  
    Less: reserve for bad debt 
     (803,399) 
     (803,399)
  
    Finance leases receivable 
    $-  
    $- 

    F-31

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Note
10 – Investments and fair value

The
hierarchy of Level 1, Level 2 and Level 3 Assets are listed as follows:

 Schedule of hierarchy of level 1, level 2 and level 3 assets

    (Level 1)  
    (Level 2)  
    (Level 3)  
    (Level 3)  
    (Level 3) 

    Fair Value Measurement Using  

    Unadjusted Quoted Market Prices