Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1
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 to the Company’s current report on Form 8-K filed with the Securities and
Exchange Commission on May 8, 2024.

On
May 15, 2024, the Company’s audit committee and Board of Directors unanimously approved the engagement of Spicer Jeffries LLP (“Spicer
Jeffries”) as the Company’s independent registered public accountant, effective immediately. During the two most recent fiscal
years and the subsequent interim period prior to their engagement, there were no consultations between us and Spicer Jeffries prior to
their appointment concerning (i) the application of accounting principles to a specified transaction, either completed or proposed; or
the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice
was provided to the Company that Spicer Jeffries concluded was an important factor considered by the Company in reaching a decision as
to the accounting, auditing or financial reporting issue; (ii) any matter that was the subject of a disagreement (as defined in Item
304(a)(1)(iv) of Regulation S-K); or (iii) any reportable event (as described in Item 304(a)(1)(v) of Regulation S-K).

Item
9A. Controls and Procedures.

    (a)
    Evaluation
    of disclosure controls and procedures

Management,
with the participation of our chief executive officer and principal financial officer, evaluated the effectiveness of our disclosure
controls and procedures pursuant to Rule 13a-15 under the Exchange Act. In designing and evaluating the disclosure controls and procedures,
management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance
of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that
there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls
and procedures relative to their costs.

Based
on management’s evaluation, our chief executive officer and principal financial officer concluded that, as of December 31, 2024,
our disclosure controls and procedures are designed at a reasonable assurance level and are effective to provide reasonable assurance
that information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized
and reported within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to our
managers, including our chief executive officer and principal financial officer, as appropriate, to allow timely decisions regarding
required disclosure.

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