Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 63

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 63
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 ($1,674,331) which included $835,209 proceeds from
investment in securities sold, offset by ($614,830) purchase of investment securities, ($516,346) purchase of a gold position, ($1,369,899)
purchase of three separate royalty interests in the Permian Basin, and ($8,465) purchases of property and equipment.

Net
cash outflows from financing activities for the nine months ended September 30, 2025 were $0.

We
will seek to raise additional funds through gold-backed preferred share sales, general debt financing, additional collaborative relationships,
and other arrangements to increase revenues to support positive cash flow.

-39-

In
addition, on February 9, 2015, in accordance with Section 1145 of the United States Bankruptcy Code and the Company’s court-approved
Plan of Reorganization, the Company announced a minimum 30-day partial redemption of up to 1% of the already outstanding Series D warrants
to provide for the court specified redemption mechanism for warrants not exercised timely by the original holder or their estates. Company
designees that applied during the 30 days paid 10 cents per warrant to redeem the warrant and then exercised the Series D warrant to
purchase a share at the court-specified formula of not more than one-half of the closing bid price on the day preceding the 30-day exercise
period. The periodic partial redemptions may continue to be recalculated and repeated until such unexercised warrants are exhausted or
the partial redemption is otherwise temporarily paused, suspended, or truncated by the Company.

For
the nine months ended September 30, 2025, there were no redemptions of Series D Warrants. There were no redemptions of Series D Warrants
in 2024. We believe that if warrants are redeemed and exercised, partial warrant redemptions will provide additional monthly cash for
monthly operations.

Disclosure
About Off-Balance Sheet Arrangements

We
do not have any transactions, agreements, or other contractual arrangements that constitute off-balance sheet arrangements.

Item
3. Quantitative and Qualitative Disclosures About Market Risk.

As
a “smaller reporting company,” as defined in Rule 12b-2 of the Exchange Act, we are not required to provide the information
called for by this item.

Item
4. Controls and Procedures.

Evaluation
of disclosure controls and procedures

Management,
with the participation of our chief executive officer and principal financial officer, evaluated the