Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 5

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 5
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 position 
     (295,328) 
     - 
  
    Proceeds from investment securities sold 
     82,138  
     - 
  
    Acquired royalty interests in the Permian Basin 
     (1,369,899) 
     - 
  
    Proceeds from investment in receivable 
     -  
     300 

    Net cash (used by) investing activities 
     (1,583,089) 
     300 
  
    Net change in cash 
     (1,731,617) 
     (202,945)

    Beginning cash 
     2,182,121  
     2,431,299 

    Ending cash 
    $450,504  
    $2,228,354 

    SUPPLEMENTARY INFORMATION: 

    Cash paid for interest 
    $-  
    $- 

    Cash paid for income taxes 
    $443  
    $610 

See accompanying Notes to Financial Statements

-8-

Note 1 - Nature of operations

Corporate Structure Overview

Mentor Capital, Inc. (“Mentor” or “the
Company”), reincorporated under the laws of the State of Delaware in September 2015.

The entity was originally founded as an investment
partnership in Silicon Valley, California, by the current CEO in 1985 and subsequently incorporated under the laws of the State of California
on July 29, 1994. On September 12, 1996, the Company’s offering statement was qualified pursuant to Regulation A of the Securities
Act, and the Company began to trade its shares publicly. On August 21, 1998, the Company filed for voluntary reorganization, and on January
11, 2000, the Company emerged from Chapter 11 reorganization. The Company relocated to San Diego, California, and contracted to provide
financial assistance and investment in small businesses. On May 22, 2015, a corporation named Mentor Capital, Inc. (“Mentor Delaware”)
was incorporated under the laws of the State of Delaware. A shareholder-approved merger between Mentor and Mentor Delaware was approved
by the California and Delaware Secretaries of State and became effective September 24, 2015, thereby establishing Mentor as a Delaware
corporation. In September 2020, Mentor relocated its corporate office from San Diego, California, to Plano, Texas.

The Company