Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1459

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 11
Chunk 1459
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,260 
  
    Total Assets 
     3,357,852 

Schedule of reconciliation of revenue from segments to consolidated 

    October 4, 2023 (1) 
  
    Operating income (loss) 
    $178,854 

    Gain (loss) on investments 

    Interest and dividend income 

    Interest income 
     1 
  
    Interest expense 
     (62,770)
  
    Gain (loss) on equipment disposals 
     - 
  
    Other income 
     20,060 
  
    Income before income taxes 
    $136,145 

    (1)
    Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 2023.

    F-25

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Note
4 – Investment in account receivable

On
April 10, 2015, the Company entered into an exchange agreement whereby the Company received an investment in an account receivable with
annual installment payments of $117,000 for 11 years through 2026, totaling $1,287,000 in exchange for 757,059 shares of Mentor Common
Stock obtained through the exercise of 757,059 Series D warrants at $1.60 per share plus a $0.10 per warrant redemption price.

The
Company valued the transaction based on the market value of Company common shares exchanged in the transaction, resulting in a 17.87%
discount from the face value of the account receivable or net present value of $0.78 per share, the then current share price closing.
The discount is being amortized monthly to interest over the 11-year term of the agreement. In the fourth quarter of 2020, we were notified
that due to the effect of COVID-19, we might not receive the 2020 installment or the full 2021 installment. Based on management’s
collection estimates, we recorded an investment loss of ($139,148) on the investment in account receivable at December 31, 2020. In 2021,
the Company re-evaluated estimated collections and recorded an investment gain of $22,718. Subsequently, on February 15, 2022, the terms
of the investment were modified, resulting in an additional loss of