Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1145

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 1145
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 losses for the period related to equity securities still held at the reporting date is calculated as
follows:

 Schedule of portion of unrealized gains and losses related to equity securities

    2024  
    2023 

    Year Ended December 31, 

    2024  
    2023 
  
    Net gains and losses recognized during the period on equity securities 
    $34,989  
    $(2,484)

    Less: Net gains (losses) recognized during the period on equity securities sold during the period 
     41,376  
     - 

    Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date 
    $(6,387) 
    $(2,484)

Note
11 – Common Stock warrants

On
August 21, 1998, the Company filed for voluntary reorganization with the United States Bankruptcy Court for the Northern District of
California, and on January 11, 2000, the Company’s Plan of Reorganization was approved. Among other things, the Company’s
Plan of Reorganization allowed creditors and claimants to receive new Series A, B, C, and D warrants in settlement of their prior claims.
The warrants expire on May 11, 2038.

All
Series A, B, C, and D warrants have been called, and as of December 31, 2024, all Series A, B, and C warrants have been exercised. The
Company intends to allow warrant holders or Company designees, in place of original holders, additional time as needed to exercise the
remaining Series D warrants. The Company may lower the exercise price of all or part of a warrant series at any time. Similarly, the
Company could reverse split the stock to raise the stock price above the warrant exercise price. The warrants are specifically not affected
and do not split with the shares in the event of a reverse split. If the called warrants are not exercised, the Company has the right
to designate the warrants to a new holder in return for a $0.10 per share redemption fee payable to the original warrant holders. All
such changes in the exercise price of warrants were provided for by the court in the Plan of Reorganization to provide a mechanism for
all debtors to receive value even if they could not or did not exercise their warrants. Therefore, management believes that the act of
lowering the exercise price is not a change from the