Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 785

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 785
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The judgment also accrues post-judgment interest at the rate of 10% from July 11, 2023 until such time as the judgment is paid in full.
Collection is uncertain at this time. The remaining finance lease receivable balance is fully impaired at December 31, 2024 and 2023.
See Notes 9 and 16 to the consolidated financial statements.

Mentor
Partner II, LLC

Mentor
Partner II, LLC (“Partner II”) was reorganized as a limited liability company under the laws of the State of Texas on
February 17, 2021. The entity was originally organized as a limited liability company under the laws of the State of California on
February 1, 2018. Partner II was formed as a wholly owned subsidiary of Mentor for the purpose of acquisition and investment. Partner II originally held the contractual rights to lease payments from Pueblo West Organics, LLC (“Pueblo
West”) which was paid in full to Partner II on September 28, 2022. See Note 9 in the Company’s Annual Report for the
period ended December 31, 2023 on Form 10-K as filed with the Securities and Exchange Commission on April 1, 2024 for further
discussion regarding the former Master Equipment Lease Agreement between Partner II and Pueblo West.

TWG,
LLC

On
October 4, 2022, the Company formed TWG, LLC (“TWG”), a Texas limited liability company, as a wholly owned subsidiary of
Mentor in order to prepare to fulfill  certain February 16, 2022 modification agreement performance obligations related to installment
payments the Company receives from a non-affiliated party.

Ally
Waste Services, LLC

On
October 4, 2023, in connection with the sale of the Company’s 51% ownership interest in WCI, the Company received a one-year unsecured,
subordinated, promissory note in initial principal face amount of $1,000,000 from Ally Waste Services, LLC (“Ally”) at 6%
per annum. The $1,000,000 initial principal face amount of the note plus accrued interest of $60,000 was paid by Ally on October 4, 2024.
See Note 5.

19

Liquidity
and Capital Resources

The
Company’s future success is dependent upon its ability to make a return on our acquisitions and investments to generate
positive cash flow and