Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 250

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 250
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 techniques to convert future amounts to a single
present amount based on current market expectations about the future amounts (including present value techniques, and option-pricing
models). Net present value is an income approach where a stream of expected cash flows is discounted to a single current value at an
appropriate market interest rate.

25

The
carrying amounts of cash, accounts receivable, prepaid expenses and other current assets, accounts payable, customer deposits, and other
accrued liabilities approximate their fair value due to the short-term nature of these instruments.

The
fair value of available-for-sale investment securities is based on quoted market prices in active markets.

The
fair value of the investment in account receivable is based on the net present value of calculated interest and principal payments. The
carrying value approximates fair value as interest rates charged are comparable to market rates for similar investments.

The
fair value of notes receivable is based on the net present value of calculated interest and principal payments. The carrying value approximates
fair value as interest rates charged are comparable to market rates for similar notes.

The
fair value of long-term notes payable is based on the net present value of calculated interest and principal payments. The carrying value
of long-term debt approximates fair value due to the fact that the interest rate on the debt is based on market rates.

Results
of Operations for the year ended December 31, 2024 compared to the year ended December 31, 2023:

Segregation
of Discontinued Operations

On
October 4, 2023, the Company sold its majority ownership interest in WCI, resulting in the elimination of the Company’s facilities
operations segment at the time of such sale. Following the sale, the Company received no new income from WCI, and had no further involvement
or continuing influence over the operations of WCI. Accordingly, the results of operations for this segment are excluded from the Company’s
continuing operations at December 31, 2023 year, the prior period of comparison, and the financial results are presented as a discontinued
operation in the Company’s consolidated financial statements. See Note 3.

Revenues

We
had revenue of $0 and gross profit of $0 for the year ended December 31, 2024, versus revenue of $0 and gross profit of $0 for the year
ended December 31, 2023, a decrease in revenue of $0 and a decrease in gross profit of $0.

Selling,
general, and