Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 46

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 46
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 asset depreciation and amortization 
     -  
     -  
     269  
     269 
  
    Other asset additions 
     -  
     -  
     -  
     - 
  
    Other asset amortization 
     -  
     -  
     -  
     - 
  
    Total assets 
     678,850  
     2,284  
     3,625,225  
     4,306,359 

    -30-

Note 17 – Segment Information
(continued)

The following table reconciles operating segments
and corporate-unallocated operating income (loss) to consolidated income before income taxes for the three months ended March 31, 2025
and 2024, as presented in the unaudited condensed consolidated income statements:

Schedule of reconciliation of revenue from segments to consolidated 

    2025  
    2024 

    Three Months Ended March 31, 

    2025  
    2024 
  
    Operating loss 
    $(193,975) 
    $(271,263)
  
    Realized gain (loss) on investment in securities 
     9,547  
     - 
  
    Unrealized gain (loss) on investment in securities 
     (52,538) 
     31,487 
  
    Unrealized gain (loss) on investment in gold 
     7,043  
     - 
  
    Interest and dividend income 
     29,651  
     47,099 
  
    Interest expense 
     -  
     - 
  
    Other income 
     -  
     - 
  
    Income before income taxes 
    $(200,272) 
    $(192,677)

Discontinued
Operation – Facilities Operations Segment

As disclosed in Note 3 of the consolidated financial
statements, we sold our entire ownership interest in WCI, our facilities operations segment, on October 4, 2023 for $6,000,000. Following
our sale of WCI, we received no new income from WCI and had no further involvement or continuing influence over its operations. Consequently,
our facilities operations segment was eliminated at the time of sale. Additionally, the results of operations associated with our facilities
operations segment were excluded from our continuing operations and presented as a discontinued operation in our consolidated financial
statements.