Company: MNTR
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010157
Chunk: 80

Company: Mentor Capital, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 2
Chunk 80
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 months ended March 31, 2025 as
compared to the prior year period.

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Other income and expense

Other
income and expense, net, totaled ($6,297) for the three months ended March 31, 2025 compared to $78,586 for the prior year period, a
decrease of ($84,883) or (108.01%). The decrease is due to a $9,547 increase in realized gain on sale of investments, and a $7,043
increase in unrealized gain on investment in gold, offset by a decrease in ($84,025)
unrealized gain (loss) on investment in securities plus a ($17,448) decrease in interest income for the three months ended March 31,
2025.

Net results

The net result for the three months ended March 31,
2025 was a net loss attributable to Mentor of ($204,715) or ($0.009) per Mentor common share compared to a net loss attributable to Mentor
in the prior year period of ($208,006) or ($0.008) 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.

Liquidity and Capital Resources

Since our reorganization, we have raised capital through
warrant holder exercise of warrants to purchase shares of Common Stock. At March 31, 2025 we had cash and cash equivalents of $450,504
and working capital of $1,679,058.

Operating
cash outflows in the three months ended March 31, 2025 was ($148,528), including ($204,715) of net income, increased by an
unrealized loss on investment in securities at fair value of $42,991, increase in accounts payable of $71,976, non-cash depreciation
and amortization of $85, and non-cash accumulated amortization of royalty interests of $508, offset by unrealized gain on an
investment position in gold at fair value of ($7,043), royalty income receivable of ($2,000), other receivable of escrow funds of
($11,242), prepaid expenses and other assets of ($11,770), accrued expenses of ($16,549), and accrued salary, retirement and
benefits to related party of ($10,769).

Cash outflows from investing activities in the three
months ended March