Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 25

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 25
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. The 2024 and 2025 annual installment payments have not been received. At June 11, 2024,
the receivable was fully impaired due to a history of uncertain payments.

The
investment in account receivable consists of the following at September 30, 2025 and December 31, 2024:

 Schedule of receivables with imputed interest

    September 30,  2025  
    December 31,  2024 
  
    Face value* 
    $287,200  
    $287,200 
  
    Impairment 
     (250,208) 
     (250,208)
  
    Total 
     36,992  
     36,992 
  
    Unamortized discount 
     (36,992) 
     (36,992)
  
    Net balance 
     -  
     - 
  
    Long term portion 
    $-  
    $- 

    *
    Coincident
    with the June 11, 2024 impairment, accounts receivable of $2,300 were reclassed and concurrently impaired. Prior to the full impairment,
    the Company reduced the face value of its investment in account receivable by an additional $100 per month for five receivable payment
    installments.

On
June 11, 2024, our investment in account receivable was impaired by $250,208. The $250,208 impairment consisted of the Company’s
estimate of the reduction of $287,200 purchased receivable offset by a ($36,992) purchased receivable discount. The Company’s recognition
of an impairment loss due to the uncertainty of collection does not diminish its contractual rights to collect the full amounts due pursuant
to the contract. The Company intends to continue to pursue the payment of the annual payments and associated amounts owed by available
legal means.

For
the three months ended September 30, 2025 and 2024, $0 and $0 of discount amortization is included in interest income, respectively.
For the nine months ended September 30, 2025 and 2024, $0 and $9,559 of discount amortization is included in interest income, respectively. 

Note
5 – Note receivable

On
October 4, 2023, in connection with the sale of the Company’s ownership interest in WCI, the Company received a one-year unsecured