Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 61

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 61
---
 increase is due to a $130,083 increase in unrealized gain on investment in securities, and a
$71,943 increase in unrealized gain on investment in gold, offset by a $35,731 decrease in interest income for the three months ended
September 30, 2025.

Net
results

The
net result for the three months ended September 30, 2025 was a net gain of $2,675 or $0.0001 per Mentor common share compared to a net
loss in the prior year period of ($157,215) or ($0.007) per Mentor common share. The Company will continue to look for acquisition opportunities
to expand its portfolio in companies that are positive for operating revenue or have the potential to become positive for operating revenue.

Nine
Months Ended September 30, 2025, compared to Nine Months Ended September 30, 2024

Revenues

Accrued
and actual revenue for the nine months ended September 30, 2025 was $117,430 compared to $0 for the nine months ended September 30, 2024
(“the prior year period”).

-38-

Gross
profit

Gross
profit for the nine months ended September 30, 2025 was $117,430 compared to $0 for the prior year period. The Company’s cost of
goods sold for the nine months ended September 30, 2025 were $0 and $0 for the prior year period.

Selling,
general and administrative expenses

Our
selling, general and administrative expenses, with the inclusion of severance taxes, for the nine months ended September 30, 2025 was
$598,821 compared to $637,571 for the prior year period, a decrease of $38,750 or (6.08%). We experienced a $108,068 decrease in professional
expenses, a $17,500 decrease in board of director fees, a $1,957 decrease in employee salary, benefits, and payroll taxes, and a $552
decrease in depreciation expense offset by a $69,003 increase in amortization expense, a $6,064 increase in severance taxes, a $9,185
increase in officer salary, benefits, and payroll taxes, a $4,164 increase in administrative expenses, a $619 increase in travel related
expenses, a $205 increase in insurance expense, and a $87 increase in advertising expenses resulting in a decrease in other selling