Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 46

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 46
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 has retained the full reserve on the unpaid notes receivable balance and collections of the unpaid lease receivable balance
due to the history of uncertain payments from G Farma and the G Farma Settlors. Payments from the G Farma Settlors will be
recognized in Other Income as they are received. No recovery payments were included in other income in the consolidated financial
statements for the nine months ended September 30, 2025 and the year ended December 31, 2024. The $2,539,597
judgment and interest receivable of $564,973
for the nine months ended September 30, 2025 is fully reserved pending the outcome of the Company’s collection process. See
Notes 1 and 8 to this Quarterly Report and Notes 1, 8, 9, and 16 to Company’s Annual Report for the period ended December 31,
2024 on Form 10-K filed with the Securities and Exchange Commission on March 31, 2025 for a discussion of the reserve against the
finance lease receivable.

Note
17 – Segment Information

Continuing
Operations

The
Company is an operating, acquisition, and investment business. Subsidiaries in which the Company has a controlling financial
interest are consolidated. The Company generally has two
reportable segments. The first reportable segment is its classic energy segment which consists of the Company’s operations and
investment in the classic energy space. The classic energy segment includes the fair value of securities investments in (i) oil and
gas through Exxon Mobil Corp. (XOM) stock, Occidental Petroleum Corp. (OXY) stock, and Chevron Corp. (CVX) stock, (ii) uranium
through Cameco Corp. (CCJ) stock, and (iii) coal through Core Natural Resources, Inc. (CNR) stock, plus the Company’s March
2025 acquisition of three fractional, non-operating royalty interests in oil and gas properties covering approximately one-hundred
twenty-one (121) wells in the Spraberry Field of the Permian Basin in West Texas for total consideration of $1,369,899.
The Company’s primary aim for its classic energy segment is to acquire revenue-generating energy assets, such as oil and gas
royalties, oil service businesses, or other private energy operating companies as viable opportunities for such acquisition(s)
become available. The second reportable segment consists of the Company’s historic residual operations, which include the