Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 60

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 60
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,016 decrease in interest income for the three months ended June 30, 2025.

Net
results

The net result for the three months ended June
30, 2025 was a net loss of ($216,705) or ($0.010) per Mentor common share compared to a net loss in the prior year period of ($421,676)
or ($0.017) per Mentor common share. The Company will continue to look for acquisition opportunities to expand its portfolio in companies
that are positive for operating revenue or have the potential to become positive for operating revenue.

-36-

Six
Months Ended June 30, 2025, compared to Six Months Ended June 30, 2024

Revenues

Accrued
revenue for the six months ended June 30, 2025 was $77,000 compared to $0 for the six months ended June 30, 2024 (“the prior year
period”).

Gross
profit

Gross
profit for the six months ended June 30, 2025 was $77,000 compared to $0 for the prior year period. The Company’s cost of goods
sold for the six months ended June 30, 2025 were $0 and $0 for the prior year period.

Selling,
general and administrative expenses

Our
selling, general and administrative expenses for the six months ended June 30, 2025 was $397,708 compared to $483,290 for the prior year
period, a decrease of $85,582 or 17.71%.

We
experienced a $106,087 decrease in professional expenses, a $17,500 decrease in board of director fees, a $5,088 decrease in employee
salary, benefits, and payroll taxes, and a $368 decrease in depreciation expense offset by a $34,756 increase in amortization expense,
a $6,025 increase in officer salary, benefits, and payroll taxes, a $1,880 increase in administrative expenses, a $619 increase in travel
related expenses, a $156 increase in insurance expense, and a $25 increase in advertising expenses resulting in a decrease in other selling,
general and administrative expenses of 17.71%, for the six months ended June 30, 2025 as compared to the prior year period.

Other
income and expense

Other
income and expense, net, totaled ($96,269) for the six months ended June 30, 2025 compared to ($