Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 33

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 33
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 at December 31, 2024 
    $1,120,482  
     -  
     -  
     675  
     103,756 
  
    Beginning balance 
    $1,120,482  
     -  
     -  
     675  
     103,756 

    Total gains or losses 

    Included in earnings (or changes in net assets) 
     (157,353) 
     24,040  
     -  
     -  
     - 
  
    Purchases, issuances, sales, and settlements 

    Purchases 
     300,532  
     295,328  
     -  
     -  
     - 
  
    Issuances 
     -  
     -  
     -  
     -  
     - 
  
    Sales 
     (835,209) 
     -  
     -  
     -  
     - 
  
    Settlements 
     -  
     -  
     -  
     -  
     - 
  
    Balance at June 30, 2025 
    $428,450  
    $319,368  
    $-  
    $675  
    $103,756 
  
    Ending balance 
    $428,450  
    $319,368  
    $-  
    $675  
    $103,756 

On
March 17, 2025, the Company purchased a 3 (three) kilogram gold position for $295,328. Because the Company’s primary purpose for
purchasing gold was for investment purposes, the Company elected the fair value option under ASC 825-10 “Financial Instruments
– Fair Value Option.” The fair value measure that fits the Company’s investment in gold is Level 1 because there
are quoted prices in active markets for the identical investment position. The Company reports changes in the fair value of its investment
in gold as unrealized investment gains (losses), net of the Company’s cost to sell to a known broker within the dealer market system
including commission.

    -24-

Note
11 - Common stock warrants

On
August 21, 1998, the Company filed for voluntary reorganization with the United