Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1598

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 1598
---
 injury disaster loan in the amount of $149,900 through the Small
Business Administration. The loan was secured by all tangible and intangible personal property of our discontinued operation, bore interest
at 3.75% per annum, required monthly installment payments of $731 beginning July 2021, and matured July 2050. In March 2021, the Small
Business Administration extended the deferment period for payments, which extended the initial payment until July 2022. The loan was
collateralized by all tangible and intangible assets of our discontinued operation. Coincident with the sale, the economic injury disaster
loan plus interest was paid in full.

Other
receivable disclosures

Other
receivable consisted of the following:

 Schedule of other receivable

    October 4, 2023 
  
    Accrued sales tax receivable from customers* 
     20,374 

    Total other receivable 
    $20,374 

    *
    At
    December 31, 2022, our discontinued operation’s estimated accrued sales tax receivable was $237,243 out of the remaining $285,128
    that our discontinued operation was entitled to collect at year-end. As of September 30, 2023, our discontinued operation received
    $206,671 from its customers, and estimated that an additional $20,374 in accrued sales tax would be received from its clients. Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 2023.

    F-21

Mentor
Capital, Inc.

Notes
to Consolidated Financial Statements

December
31, 2024 and 2023

Property,
plant, and equipment disclosures

Property
and equipment for our discontinued operation were comprised of the following:

 Schedule of property, plant and equipment

    October 4, 2023 (1) 
  
    Computers 
    $- 
  
    Furniture and fixtures 
     12,761 
  
    Machinery and vehicles 
     380,077 
  
    Gross Property and equipment 
     392,838 
  
    Accumulated depreciation and amortization 
     (213,165)

    Net Property and equipment 
    $179,673 

    (1)
    Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September