Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1398

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 1398
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, LLC, with regard to a potential merger with a cancer development company. In conjunction with those
related agreements, the Company issued 689,159 Series H ($7) Warrants with a 30-year life. On November 14, 2022, the 275,647 Series H
Warrants issued to Lenox Hill Partners, LLC were canceled pursuant to a Settlement Agreement. As of December 31, 2024, there were 413,512
Series H ($7) Warrants outstanding. The warrants are subject to cashless exercise based upon the ten-day trailing closing bid price preceding
the exercise as interpreted by the Company.

As
of December 31, 2024, and 2023, the weighted average contractual life for all Mentor warrants was 13.5 years and 14.5 years, respectively,
and the weighted average outstanding warrant exercise price was $0.64 and $0.64 per share, respectively.

During
the years ended December 31, 2024 and 2023, 0 and 2,000,000 warrants were exercised, and no warrants were issued. The intrinsic value
of outstanding warrants at December 31, 2024 and 2023 was $237,150 and $180,200, respectively.

The
following table summarizes Series D common stock warrants as of each period:

 Schedule of common stock warrants

    Series D 
  
    Outstanding at December 31, 2022 
     6,250,000 
  
    Issued 
     - 
  
    Canceled 

    Exercised 
     2,000,000 
  
    Outstanding at December 31, 2023 
     4,250,000 
  
    Issued 
     - 

    Exercised 
     - 
  
    Outstanding at December 31, 2024 
     4,250,000 

Series
E, F, G, and H warrants were issued for investment banking and advisory services during 2009. Series E, F, and G warrants were exercised
in 2014. On November 14, 2022, the 275,647 Series H Warrants of Lenox Hill Partners, LLC were canceled pursuant to a Settlement Agreement.
As of December 31, 2024, there were 413,512 Series H ($7) Warrants outstanding. The following table summarizes Series H ($7) warrants
as of each period: