Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1827

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 1827
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 initial principal face amount of $1,000,000 from Ally Waste Services, LLC (“Ally”) at
6% per annum.

On
the note maturity date, October 4, 2024, the Company received full payment of the one-year promissory note from Ally. The payment consisted
of the payment of the $1,000,000 initial principal face amount of the note plus accrued interest of $60,000.

At
December 31, 2024 and 2023, the note receivable consisted of the following:

Schedule of note receivable 

    December 31, 2024  
    December 31, 2023 
  
    October 4, 2023 Ally Waste Services, LLC subordinated promissory note receivable, including accrued interest of $0 and $15,000, at December 31, 2024 and 2023, respectively. The note bore interest at 6% per annum. The $1,000,000 initial principal face amount of the note plus accrued interest of $60,000 was paid by Ally on October 4, 2024. 
    $-  
    $1,015,000 

    Total note receivable, including interest 
    $-  
    $1,015,000 

Note
6 - Property and equipment

Property
and equipment are comprised of the following at December 31, 2024 and 2023:

 Schedule of property, plant and equipment

    2024  
    2023 
  
    Computers 
    $33,626  
    $33,626 
  
    Furniture and fixtures 
     14,613  
     14,613 
  
    Machinery and vehicles 
     -  
     - 
  
    Gross Property and equipment 
     48,239  
     48,239 
  
    Accumulated depreciation and amortization 
     (47,721) 
     (46,648)

    Net Property and equipment 
    $518  
    $1,591 

Continuing
Operations

Depreciation
and amortization expenses for our continuing operations was $1,073 and $1,706
for the years ended December 31, 2024 and 2023,
respectively. All depreciation is included in selling, general and administrative expenses in the consolidated income statements.

    F-27

Mentor
Capital, Inc