Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 77

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 77
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The
following discussion will assist in the understanding of our financial position at June 30, 2025 and the results of operations for the
three and six months ended June 30, 2025 and 2024. The information below should be read in conjunction with the information contained
in the unaudited Condensed Consolidated Financial Statements and related notes to the financial statements included within this Quarterly
Report on Form 10-Q for the three and six months ended June 30, 2025 and 2024 and our Annual Report on Form 10-K for the year ended December
31, 2024.

Corporate
Background

The
Company’s common stock trades publicly under the trading symbol OTCQB: MNTR.

The
Company was originally founded as an investment partnership in Silicon Valley, by the current CEO in 1985. The partnership acquired a
salsa factory, bakery, trucking company, tortilla chip plant, and an athletic club chain. The former investment partnership was incorporated
under the laws of the State of California on July 29, 1994 and on September 12, 1996, the Company’s offering statement was qualified
under Regulation A of the Securities Act of 1933 and began to trade its shares publicly. The Company relocated to San Diego, California,
and contracted to provide financial assistance and investment in small businesses. On September 24, 2015, the Company redomiciled from
California to Delaware by merging the California Mentor Capital, Inc. corporation into a newly formed Delaware entity, Mentor Capital,
Inc. Following the merger, the Company is governed under the laws of the State of Delaware. In September 2020, Mentor relocated its corporate
office from San Diego, California, to Plano, Texas.

In the public arena, the Company maintains
diverse investment activities. These have included the acquisition of oil and gas partnerships, New York Stock Exchange gas trading
company mini-tender offers, ATM ownership, facilities operations investment, cancer immunotherapy investment, equipment financing,
intellectual property investment, litigation financing, investment in a dispute resolution company, and discounted funding of
annuity-like fund flows. Most recently, from its new Texas base, the Company signaled a substantial return to its energy roots,
starting with stock purchases in several energy companies in the oil and gas, coal, and uranium markets and purchases of fractional,
non-operating royalty interests in producing oil and gas properties operating in West Texas.

Acquisitions
and investments

Discontinued
Operation