Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 772

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 772
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 financial
interest are consolidated. The Company generally has two reportable
segments: 1) the historic residual operations segment, which formerly included the cost basis of our former membership interests of
Electrum, the former contractual interest in the Electrum legal recovery prior to settlement and payment to the Company on or about
September 14, 2022, the settlement payments receivable from G Farma and its co-defendants in the amount of $2,539,597 plus
$375,025 at
December 31, 2024, the former finance lease payments receivable from Pueblo West to Partner II received on September 27, 2022, and
the operation of subsidiaries Mentor IP, Partner I, Partner II, and TWG, and 2) its classic energy segment which consists of the
Company’s operations and investment in the classic energy space. The classic energy segment includes the fair value of
securities investments in (i) oil and gas through Exxon Mobil Corp. (XOM) stock, Occidental Petroleum Corp. (OXY) stock, and Chevron
Corp. (CVX) stock, (ii) uranium through Cameco Corp. (CCJ) stock, (iii) coal through Arch Resources, Inc. (ARCH) stock, and (iv) energy
pipelines through Energy Transfer LP (ET) stock. The Company’s primary aim for its classic energy segment is to acquire
tangible, revenue-generating energy assets, such as oil and gas royalties, oil service businesses or other private energy operating
companies as viable opportunities for such acquisition(s) become available. Additionally, the Company formerly had small investments
in securities listed on the NYSE and NASDAQ, an investment in note receivable from a non-affiliated party that was fully impaired on
June 11, 2024, and the fair value of convertible notes receivable and accrued interest from NeuCourt, which on July 15, 2022, was
exchanged for a NeuCourt SAFE security investment that is carried at cost as a long-term investment and is included with the
Company’s long term investments on the Company’s consolidated balance sheet. The investment in NeuCourt and unrealized
and realized investment gains and losses are included in the Corporate, Other, and Eliminations section below.

Our
Chief Operating Decision Maker (“CODM”) is our Chairman and Chief Executive Officer, Chet Billingsley. Our CODM evaluates
the performance of the Company’s operating segments on an ongoing weekly basis