Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 67

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 67
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 price of our Common Stock will likely
fluctuate in response to a number of factors, including but not limited to the following:

● sales, sales cycle, and market acceptance
or rejection of the energy products and services or the royalty interests in which we’ve invested;

● our ability to engage with partners
who are successful in their markets;

● economic conditions within our markets;

● the timing of announcements by us
or our competitors of significant products, contracts or acquisitions or publicity regarding actual or potential results or performance
thereof;

● domestic and international economic,
business, and political conditions;

● justified or unjustified adverse
publicity; and

● proper or improper third-party short
sales or other manipulation of our stock.

We have a long business and corporate existence.

We began in Silicon Valley in 1985 as a limited partnership
and operated as Mentor Capital, LP until we incorporated in California in 1994. We were privately owned until September 1996; at which
time our Common Stock began trading on the Over The Counter Pink Sheets. Our merger and acquisition and business development activities
have spanned many business sectors, and we went through a bankruptcy reorganization in 1998. In late 2015, we reincorporated under the
laws of the State of Delaware. We have operated in several different industries over our existence but do not have brand recognition within
any one industry.

-42-

Failure to maintain effective internal controls
in accordance with Section 404 of the Sarbanes-Oxley Act of 2002 could have a material adverse effect on our stock price.

Section 404 of the Sarbanes-Oxley Act of 2002 and
the related rules and regulations of the SEC require annual management assessments of the effectiveness of our internal control over financial
reporting. If we fail to adequately maintain compliance with, or maintain the adequacy of, our internal control over financial reporting,
as such standards are modified, supplemented or amended from time to time, we may not be able to ensure that we can conclude on an ongoing
basis that we have effective internal control over financial reporting in accordance with Section 404 of the Sarbanes-Oxley Act of 2002
and the related rules and regulations of the SEC. If we cannot favorably assess our internal controls over financial reporting, investor
confidence in the reliability of our financial reports may be adversely affected, which could have a material adverse effect on our stock
price.

We have indemnified our officers and directors.

We