Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 77

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 77
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2,000,000 and all accrued
unpaid interest, (2) the Company’s incurred costs, and (3) attorneys’ fees paid by the Company to obtain the judgment.

On July
11, 2023, the Court entered judgment against the G Farma Settlers in favor of the Company and Mentor Partner I, LLC in the amount of
$2,539,597. The judgment also accrues post-judgment interest at the rate of 10% from July 11, 2023 until such time as the judgment is
paid in full. The judgment and interest receivable of $437,646 at March 31, 2025 is fully reserved pending the outcome of the Company’s
collection process. Payments from G Farma and G Farma guarantors will be recognized in Other Income as they are received. The Company
has retained the full 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.

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 $2,539,591 judgment receivable plus interest receivable of $437,646 at March 31, 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