Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 88

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 88
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, or truncated by the Company.

For
the six months ended June 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 effectiveness of our disclosure
controls and procedures pursuant to Rule 13a-15 under the Exchange Act. In designing and evaluating the disclosure controls and procedures,
management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance
of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that
there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls
and procedures relative to their costs.

Based
on management’s evaluation, our chief executive officer and principal financial officer concluded that, as of June 30, 2025, our
disclosure controls and procedures are designed at a reasonable assurance level and are effective to provide reasonable assurance that
information we are required to disclose in reports that we file or submit under the Exchange Act is recorded, processed, summarized and
reported within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to our managers,
including our chief executive officer and principal financial officer, as appropriate, to allow timely decisions regarding required disclosure.

Changes
in internal control over financial reporting.

We
regularly review our system of internal control over financial reporting and make changes to our processes and systems to improve controls
and increase efficiency while ensuring that we maintain an effective internal control environment. Changes may include such activities
as implementing new, more efficient systems, consolidating activities, and migrating processes.

There
were no changes in our internal control over financial reporting that occurred during the quarter ended June 30, 2025