Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 85

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 85
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 $21,250 decrease in board
of director fees, and a $184 decrease in depreciation expense offset by a $34,247 increase in amortization expense, a $8,500 increase
in officer salary, benefits, and payroll taxes, a $4,307 increase in employee salary, benefits, and payroll taxes, a $1,412 increase
in administrative expenses, a $608 increase in travel related expenses, a $78 increase in insurance expense, and a $25 increase in advertising
expenses resulting in a decrease in other selling, general and administrative expenses of 4.86%, for the three months ended June 30,
2025 as compared to the prior year period.

Other
income and expense

Other
income and expense, net, totaled ($89,973) for the three months ended June 30, 2025 compared to ($209,649) for the prior year period,
a decrease of $119,676 or 57.08%. The decrease is due to a $250,208 decrease in loss on investment in account receivable, a $89,181 increase
in unrealized gain on investment in securities, and a $16,996 increase in unrealized gain on investment in gold offset by a $194,639
increase on loss on sale of investments plus a $42,016 decrease in interest income for the three months ended June 30, 2025.

Net
results

The net result for the three months ended June
30, 2025 was a net loss of ($216,705) or ($0.010) per Mentor common share compared to a net loss in the prior year period of ($421,676)
or ($0.017) 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.

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

Revenues

Accrued
revenue for the six months ended June 30, 2025 was $77,000 compared to $0 for the six months ended June 30, 2024 (“the prior year
period”).

Gross
profit

Gross
profit for the six months ended June 30, 2025 was $77,000 compared to $0 for the prior year period. The Company’s cost of goods
sold for the six months