Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 57

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 57
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 reserve on the unpaid notes receivable balance and collections of the unpaid lease receivable balance due to the
history of uncertain payments from G Farma and the G Farma Settlors.

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Mentor
Partner I, LLC

Mentor
Partner I, LLC (“Partner I”) was reorganized under the laws of the State of Texas in February 2021. Partner I originally
held the contractual rights to lease payments from G Farma and now the related settlement and $2,539,597 judgment receivable plus
interest receivable of $500,962 at June 30, 2025 in favor of the Company and Partner I.

Mentor
Partner II, LLC

Mentor
Partner II, LLC (“Partner II”) was reorganized under the laws of the State of Texas in February 2021. Partner II originally
held the contractual rights to lease payments from Pueblo West, which was paid off by a final payment of $245,369 on September 28, 2022.

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.

Overview

The Company maintains an opportunistic acquisition
focus. It sold its former legacy investment in the former facilities operations segment and continues looking to expand into the classic
energy markets of oil, gas, coal, uranium, and related businesses. In 2023, the Company initially signaled a substantial return to its
energy roots, starting with a tracking investment in five New York Stock Exchange energy companies in the oil and gas, coal, and uranium
markets. In March 2025, the Company acquired three fractional, non-operating