Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1629

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 1629
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 income (loss) to consolidated income before income
taxes for the years ended December 31, 2024 and 2023, as presented in the consolidated income statements:

 Schedule of reconciliation of revenue from segments to consolidated

    2024  
    2023 
  
    Operating income (loss) 
    $(780,212) 
    $(1,775,210)
  
    Gain (loss) on investments 
     (215,219) 
     4,802,905 
  
    Interest and dividend income 
     171,255  
     74,780 
  
    Interest expense 
     -  
     (15,847)
  
    Other income 
     -  
     1,291 
  
    Income before income taxes 
    $(824,176) 
    $3,087,919 

Discontinued
Operation – Facilities Operations Segment

As
disclosed in Note 3 of the consolidated financial statements, we sold our entire ownership interest in WCI, our facilities operations
segment, on October 4, 2023 for $6,000,000. Following our sale of WCI, we received no new income from WCI and had no further involvement
or continuing influence over its operations. Consequently, our facilities operations segment was eliminated at the time of sale. Additionally,
the results of operations associated with our facilities operations segment were excluded from our continuing operations and presented
as a discontinued operation in our consolidated financial statements. WCI worked with business park owners, governmental centers, and
apartment complexes to reduce their facility-related operating costs. The WCI facilities operations segment is now reported as a discontinued
operation. See Note 3 of the consolidated financial statements for detailed financial information on our former facilities operations
segment.

Note
18 – Income tax

The
provision (benefit) for income taxes for the years ended December 31, 2024 and 2023 consist of the following:

 Schedule of components of income tax expense (benefit)

    2024  
    2023 
  
    Current taxes from continuing operations: 

    Federal 
    $-  
    $- 
  
    State 
     15,329  
     8,160 
  
    Total current 
     15,329 
     8,160 

    Taxes from discontinued operations(1): 

    Federal (1)
     -  
     -