Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 0

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 1
Chunk 0
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Mentor Capital, Inc.

Condensed Consolidated Balance Sheets

    March 31,  
    December 31, 

    2025  
    2024 

    (unaudited)  

    ASSETS 

    Current assets 

    Cash and cash equivalents 
    $450,504  
    $2,182,121 
  
    Investments in securities, fair value 
     995,353  
     1,120,482 
  
    Investment position in gold, at fair value 
     302,371  
     - 
  
    Royalty income receivable 
     2,000  
     - 
  
    Other receivable 
     11,242  
     - 
  
    Prepaid expenses and other current assets 
     18,780  
     7,010 

    Total current assets 
     1,780,250  
     3,309,613 

    Property and equipment 

    Property and equipment 
     48,239  
     48,239 
  
    Accumulated depreciation and amortization 
     (47,806) 
     (47,721)

    Property and equipment, net 
     433  
     518 

    Other assets 

    Long term investments 
     104,431  
     104,431 

    Intangible property 

    Royalty interests in the Permian Basin 
     1,369,899  
     - 
  
    Accumulated amortization of royalty interests 
     (508) 
     - 

    Intangible property, net 
     1,369,391  
     - 

    Total other assets 
     1,473,822  
     104,431 

    Total assets 
    $3,254,505  
    $3,414,562 

See accompanying Notes to Financial Statements

-4-

Mentor Capital, Inc.

Condensed Consolidated Balance Sheets (Unaudited)
(Continued)

    March 31,  
    December 31, 

    2025  
    2024 
  
    LIABILITIES AND SHAREHOLDERS’ EQUITY 

    Current liabilities 

    Accounts payable 
    $75,142  
    $3,166 
  
    Accrued expenses