Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 60

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 60
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 its shareholders, no transaction will be announced until that transaction
is certain.

-37-

Liquidity
and Capital Resources

The
Company’s future success depends upon its ability to make a return on its investments, generate positive cash flow, and obtain
sufficient capital from non-portfolio-related sources. Management believes they have approximately four years of operating resources
on hand and can raise additional funds as needed to support their business plan and develop an operating, cash flow positive company.

Results
of Operations

Three
Months Ended September 30, 2025, compared to Three Months Ended September 30, 2024

Revenues

Accrued
and actual revenue for the three months ended September 30, 2025 was $40,430 compared to $0 for the three months ended September 30,
2024 (“the prior year period”).

Gross
profit

Gross
profit for the three months ended September 30, 2025 was $40,430 compared to $0 for the prior year period. The Company’s cost of
goods sold for the three months ended September 30, 2025 were $0 and $0 for the prior year period.

Selling,
general and administrative expenses

Our
selling, general and administrative expenses, with the inclusion of severance taxes, for the three months ended September 30, 2025 were
$201,114 compared to $154,279 for the prior year period, an increase of $46,835 or 30%.

We
experienced a $1,980 decrease in professional expenses and a $184 decrease in depreciation expense offset by a $34,247 increase in amortization
expense, a $6,064 increase in severance taxes, a $3,160 increase in officer salary, benefits, and payroll taxes, a $3,131 increase in
employee salary, benefits, and payroll taxes, a $2,285 increase in administrative expenses, a $63 increase in advertising expense, and
a $49 increase in insurance expense, resulting in an increase in other selling, general and administrative expenses of 30%, for the three
months ended September 30, 2025 as compared to the prior year period.

Other
income and expense

Other
income and expense, net, totaled $163,359 for the three months ended September 30, 2025 compared to ($2,936) for the prior year period,
an increase of $166,295 or (5,664%). The