Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1576

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 1576
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 of State and became
effective September 24, 2015, thereby establishing Mentor as a Delaware corporation. In September 2020, Mentor relocated its corporate
office from San Diego, California, to Plano, Texas.

The
Company’s common stock trades publicly under the trading symbol OTCQB: MNTR.

The
Company’s current target industry focus includes the classic energy sectors of oil, gas, coal, uranium, and related ventures. Additionally,
the Company has residual investments in legal dispute resolution services, collecting on an annuity-like financing, and the collection
of a judgment that it intends to continue to pursue.

The
following is a list of subsidiaries of Mentor Capital, Inc. as of December 31, 2024:

 Schedule of list of subsidiaries

    Name
    of Subsidiary
     
    %
    of ownership
     
    State
    in which Incorporated
  
    Mentor
    IP, LLC
     
    100%
     
    South
    Dakota
  
    Mentor
    Partner I, LLC
     
    100%
     
    Texas
  
    Mentor
    Partner II, LLC
     
    100%
     
    Texas

    TWG,
    LLC
     
    100%
     
    Texas

Mentor’s
100% owned subsidiaries, Mentor IP, LLC (“MCIP”), Mentor Partner I, LLC (“Partner I”), Mentor Partner II, LLC
(“Partner II”), and TWG, LLC (“TWG”), are headquartered in Plano, Texas.

MCIP
held intellectual property and licensing rights related to one United States and coincident Canadian patent.
On October 24, 2023, the Company divested MCIP’s intellectual property and licensing rights related to the United States and the
Canadian patent. The Company received no payment for its divestment. Patent application national phase maintenance
fees were expensed when paid, and there were no assets related to MCIP patents represented on the consolidated financial statements on
December 31, 2024 and 2023. Activity had been limited to payment of patent application maintenance fees in Canada.

On
August 27, 2021, the Company and Mentor Partner I entered into a Settlement Agreement and Mutual Release with G FarmaLabs Limited, its
affiliated entities, and guarantors (“G Farma Settlors”) to resolve and settle all outstanding claims on an unpaid finance
lease receivable and notes receivable of