Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 43

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 43
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 Annual Report for the period
ended December 31, 2024 on Form 10-K filed with the Securities and Exchange Commission on March 31, 2025 for a discussion of the reserve
against the finance lease receivable.

Note 17 – Segment Information

Continuing Operations

The
Company is an operating, acquisition, and investment business. Subsidiaries in which the Company has a controlling financial
interest are consolidated. The Company generally has two
reportable segments: 1) the historic residual operations segment, which includes the fully impaired settlement payments receivable
from G Farma and its co-defendants in the amount of $2,539,597
plus $437,646
at March 31, 2025 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 Core Natural Resources, Inc. (CNR) stock, and
(iv) energy pipelines through Energy Transfer LP (ET) stock, plus the Company’s March 2025 acquisition of three fractional,
non-operating royalty interests in oil and gas properties covering approximately one-hundred twenty-one (121) wells in the Spraberry
Field of the Permian Basin in West Texas for  total consideration of $1,369,899.
The Company’s primary aim for its classic energy segment is to acquire 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