Company: MNTR
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011889
Chunk: 61

Company: Mentor Capital, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 61
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131,062) for the prior year period, a
decrease of $34,793 or 26.55%. The decrease is due to a $250,208 decrease in loss on investment in account receivable, a $24,040 increase
in unrealized gain on investment in gold, and a $5,156 increase in unrealized gain on investment in securities offset by a $185,147 increase
in loss on sale of investments plus a $59,465 decrease in interest income for the six months ended June 30, 2025.

Net
results

The net result for the six months ended June 30,
2025 was a net loss of ($421,420) or ($0.019) per Mentor common share compared to a net loss in the prior year period of ($629,681) or
($0.026) 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 June 30,
2025 we had cash and cash equivalents of $713,424 and working capital of $1,509,018.

Operating cash outflows in the six months ended
June 30, 2025 was ($338,147), including ($421,420) of net income, increased by non-cash depreciation and amortization of $170, and non-cash
accumulated amortization of royalty interests of $34,756, increased by loss on investments at fair value of $157,353, offset by unrealized
gain on an investment position in gold at fair value of ($24,040), royalty income receivable of ($77,000), prepaid expenses and other
assets of ($5,862), accounts payable of $3,936, accrued expenses of ($7,603), and accrued salary, retirement and benefits to related party
of $1,563.

Cash
outflows from investing activities in the six months ended June 30, 2025 were ($1,130,550) which included $835,209 proceeds from investment
in securities sold, offset by ($300,532) purchase of investment securities, ($295,328) purchase of a gold position, and ($1,369,899)
purchase of three separate royalty interests in the Permian Basin.

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