Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 7

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 7
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 by) financing activities 
     -  
     (78,726)
  
    Net change in cash 
     (1,468,697) 
     (550,191)

    Beginning cash 
     2,182,121  
     2,431,229 

    Ending cash 
    $713,424  
    $1,881,108 

    SUPPLEMENTARY INFORMATION: 

    Cash paid for income taxes 
    $2,523  
    $13,089 

See
accompanying Notes to Financial Statements

-9-

Note
1 - Nature of operations

Corporate
Structure Overview

Mentor
Capital, Inc. (“Mentor” or “the Company”), reincorporated under the laws of the State of Delaware in September
2015.

The entity was originally founded as an investment
partnership in Silicon Valley, California, by the current CEO in 1985 and subsequently incorporated under the laws of the State of California
on July 29, 1994. On September 12, 1996, the Company’s offering statement was qualified pursuant to Regulation A of the Securities
Act, and the Company began to trade its shares publicly. On August 21, 1998, the Company filed for voluntary reorganization, and on January
11, 2000, the Company emerged from Chapter 11 reorganization and relocated to San Diego. On May 22, 2015, a corporation named Mentor Capital,
Inc. (“Mentor Delaware”) was incorporated under the laws of the State of Delaware. A shareholder-approved merger between Mentor
and Mentor Delaware was approved by the California and Delaware Secretaries of State and became effective September 24, 2015, thereby
establishing Mentor as a Delaware corporation. In September 2020, Mentor relocated its corporate office from San Diego, California, to
Plano, Texas.

The
Company’s common stock trades publicly under the trading symbol OTCQB: MNTR.

The
Company’s current industry focus includes the classic energy sectors of oil, gas, coal, uranium, and related ventures. Additionally,
the Company has residual investments in legal dispute resolution services, collecting on an annuity-like financing, and the collection
of a judgment that it intends to continue to pursue.

Mentor
and its 100%
owned subsidiaries, Mentor IP, LLC (“MCIP”), Mentor Partner I, LLC, (“Partner I”), Mentor Partner II, LLC