Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 1563

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 13
Chunk 1563
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Except
as disclosed below, between January 1, 2023, and December 31, 2024, there were no transactions, and there are no proposed transactions
in which we were or are to be a participant, involving an amount in excess of $120,000, and in which any related person had or will have
a direct or indirect material interest.

Mr.
Billingsley acts as both the Chief Executive Officer, Principal Financial Officer, and Chairman of the Board of Directors of the Company.
Ms. Stansfield acts as Treasurer of the Board of Directors of the Company, and from time to time, she provides professional financial
consulting services to the Company. Mr. Meyer acted as the Company’s Secretary but was not paid for his role and was not a Company
employee. With the exception of Mr. Billingsley, all directors are independent directors under the adopted definition of independence
from the OTC Markets OTCQB Rules. The directors are all shareholders of the Company. Ms. Stansfield is the
independent and single director on the Audit Committee.

Item
14. Principal Accounting Fees and Services.

The
following table summarizes the fees, as applicable, of Spicer Jeffries, LLP, our independent auditor, and BF Borgers CPA PC, our former
independent auditor, for the fiscal years ended December 31, 2024 and 2023.

    Fee Category 
    2024  
    2023 
  
    Audit Fees (1) 
    $78,500(5) 
    $66,000(6)
  
    Audit-Related Fees (2) 
     -  
     - 
  
    Tax Return Fees (3) 
     -  
     - 
  
    All Other Fees (4) 
     -  
     - 

    (1)
    Audit
    fees include the audit of our annual financial statements, review of our quarterly financial statements, and services that are normally
    provided by the independent auditors in connection with engagements for those fiscal years. This category also includes advice on
    audit and accounting matters that arose during, or as a result of, the audit or the review of interim financial statements. 

    (2)
    Audit-related
    fees consist of assurance and related services by the independent auditors that are reasonably related to the performance of the
    audit or review of our financial statements and are reported above under “Audit Fees.” The services for