Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 8

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 8
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 traded on OTC Markets Over-the-Counter Venture Market (“OTCQB”), under the trading symbol: MNTR.

The
Company’s current industry focus includes the classic energy sectors of oil, gas, coal, uranium, and related ventures, sometimes utilizing Mentor’s gold position as a bridge asset
until an acceptable energy acquisition for new preferred shareholders can be closed. Additionally,
the Company has residual investments in legal dispute resolution services, collecting on an annuity-like financing, and the collection
of a judgment that it intends to continue to pursue.

Mentor
and its 100% owned subsidiaries, Mentor IP, LLC (“MCIP”), Mentor Partner I, LLC, (“Partner I”), Mentor Partner
II, LLC (“Partner II”), and TWG, LLC (“TWG”), are headquartered in Plano, Texas.

MCIP
held patent and licensing rights which were divested on October 24, 2023. No capitalized assets related to MCIP are recognized on the
consolidated financial statements at September 30, 2025 and December 31, 2024.

On
August 27, 2021, the Company and Mentor Partner I, LLC entered into a Settlement Agreement and Mutual Release with the G Farma
Entities and guarantors (“G Farma Settlors”) to resolve and settle all outstanding claims on an unpaid finance lease
receivable and notes receivable of balances of $803,399
and $1,045,051,
respectively, plus accrued interest (“Settlement Agreement”). As of October 2022, the G Farma Settlors failed to make
two monthly payments and failed to cure each default pursuant to the Settlement Agreement. As a result, $2,000,000
was added to the amount payable by the G Farma Settlors in accordance with the terms of the Settlement Agreement. On July 11, 2023,
the Court entered judgment against the G Farma Settlors and in favor of the Company and Partner I in the amount of $2,539,597.
The judgment also accrues post-judgment interest at the rate of 10%
from July 11, 2023 until such time as the judgment is paid in full. The $2,539,597
judgment and interest receivable of $564,973
for the nine months ended September 30, 2025 is fully reserved pending the outcome of the Company’s collection process. See
Notes 8 and 16.

On