Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1040

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7A
Chunk 1040
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3,079,759 

    Net income (loss) from discontinued operations 
     77,899 
  
    Net income (loss) 
     3,157,658 

    Gain (loss) attributable to non-controlling interest 
     - 
  
    Net income (loss) attributable to Mentor 
     3,157,658 

    (1)
    During
    fiscal year 2023, we recognized a $4,805,389 gain on the sale of our discontinued operations.

Cash
flow disclosures

Prior
to the October 4, 2023 sale date, on September 30, 2023, our discontinued operation had net cash used in operating activities totaling
$333,207, accounts receivable of $728,657, other receivable of $20,374, prepaid expenses of $82,984, property and equipment of $392,838,
operating lease assets of $323,875, finance lease assets of $1,560,757, accrued expenses of $523,178, finance lease liability of $1,488,883,
an operating lease liability of $323,875, an EIDL loan liability of $58,031, and long term debt of $0.

At
December 31, 2023 we reported a $4,805,389 gain on disposal of our discontinued operation, which is reported above in this Note 3, in
our consolidated income statements, and our consolidated statements of cash flows.

    F-20

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Lease
commitment disclosures

Prior
to the October 4, 2023 sale date, on September 30, 2023, our discontinued operation had entered into non-cancellable operating and finance
leases for office and warehouse space, computers, furniture, fixtures, machinery, and vehicles. The following summarizes our discontinued
operations’ lease liability maturities for operating and finance leases effective October 4, 2023:

 Schedule
of lease liability maturities for operating and finance leases

    Maturity of lease liabilities October 4, 2023(1) 
    Finance leases  
    Operating leases 
  
    2024 
     419,073  
     67,804 
  
    2025 
     424,735  
     74,860 
  
    202