Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 130

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 130
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 fiscal years ended December 31, 2023 and 2022, there were no disagreements
with BF Borgers on any matter of accounting principles or practices, financial statement disclosure, or auditing scope of procedures,
which disagreements, if not resolved to the satisfaction of BF Borgers, would have caused them to make reference in connection with its
reports to the subject matter of the disagreements. No “disagreement” and no “reportable event” leading to a
difference of opinion as defined in Item 304(a)(1)(iv) and Item 304(a)(1)(v) of Regulation S-K of the SEC’s rules and regulations
have occurred during the fiscal years ended December 31, 2022 and 2023, as of May 8, 2024, or preceding the dismissal of BF Borgers.

The
audit report of BF Borgers on our financial statements as of and for the year ended December 31, 2023 and 2022 did not contain an adverse
opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope, or accounting principles, other than
an explanatory paragraph relating to the Company’s ability to continue as a going concern on the Company’s December 31, 2022
financials.

BF
Borgers furnished us with a letter addressed to the Commission stating that it agreed with the above statements. A copy of BF
Borgers’ letter was attached 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