Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 84

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 84
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 majority positions for value and investment security. Management also spends considerable effort reviewing possible acquisition
candidates on an ongoing basis.

When involved in energy company acquisitions,
Mentor seeks to take significant positions in these new companies and then seeks to provide public market liquidity for founders, protection
for investors, funding for the companies, and to incubate private companies that Mentor believes to have significant potential. When Mentor
takes a major position in its investees, it provides financial management when needed but leaves operating control in the hands of the
company founders. Retaining control, receiving greater liquidity, and working with an experienced organization to efficiently develop
disclosures and compliance that are similar to what is required of public companies are three potential key advantages to company founders
working with Mentor Capital, Inc.

-35-

The
Company continually works to identify potential acquisitions, investments, and divestitures. While evaluating whether an acquisition
or divestiture may be in the best interests of the Company and its shareholders, no transaction will be announced until that transaction
is certain.

Liquidity
and Capital Resources

The
Company’s future success depends upon its ability to make a return on its investments, generate positive cash flow, and obtain
sufficient capital from non-portfolio-related sources. Management believes they have approximately four years of operating resources
on hand and can raise additional funds as may be needed to support their business plan and develop an operating, cash flow positive company.

Results
of Operations

Three
Months Ended June 30, 2025, compared to Three Months Ended June 30, 2024

Revenues

Accrued
revenue for the three months ended June 30, 2025 was $75,000 compared to $0 for the three months ended June 30, 2024 (“the prior
year period”).

Gross
profit

Gross
profit for the three months ended June 30, 2025 was $75,000 compared to $0 for the prior year period. The Company’s cost of goods
sold for the three months ended June 30, 2025 were $0 and $0 for the prior year period.

Selling,
general and administrative expenses

Our
selling, general and administrative expenses for the three months ended June 30, 2025 was $201,732 compared to $212,027 for the prior
year period, a decrease of $10,295 or 4.86%. We experienced a $38,038 decrease in professional expenses, a