Company: MNTR
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021833
Chunk: 41

Company: Mentor Capital, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 41
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30, 2018, at a price of $10,000 per share, for an aggregate purchase
price of $110,000 (“Series Q Purchase Price”). The Company invested the Series Q Purchase Price as capital in Partner II
to purchase equipment to be leased to Pueblo West. On September 27, 2022, Pueblo West exercised its lease prepayment option and purchased
the manufacturing equipment for $245,369. On September 28, 2022 Partner II transferred full title to the equipment to Pueblo West. Therefore,
the Core Q Holdings at September 30, 2022 and December 31, 2022 included this interest. On April 3, 2025, the Company announced that
the Series Q Preferred Stock was fully backed by the Company’s investment in gold at a valuation of $100,928 per kilogram at an
equal starting value of $20,843 per share. Core Q Holdings backed by gold will not bear operating costs. Core Q Holdings backed by gold
are intended to be reallocated into leading Mentor energy assets and projects of equal starting value that are selected by management.
Upon selection, the equal value of allocated energy assets would be reallocated to the Core Q Holdings, and an equal value of gold would
coincidentally be reallocated in a ledger entry back to the Company. Reallocated energy assets would bear a ratio of associated costs.
The Core Q Holdings Asset Value at September 30, 2025 and December 31, 2024 were $25,983 and $20,843 per share, respectively. There was
no contingent liability for the Series Q Preferred Stock conversion at September 30, 2025 and December 31, 2024. At September 30, 2025
and December 31, 2024, the Series Q Preferred Stock could have been converted into the Company’s Common Stock at the Conversion
Price of $0.105 and $0.105 per Mentor Capital, Inc. common share, respectively.

Note
14 - Accrued salary, accrued retirement, and incentive fee - related party

The
Company had an outstanding liability to its CEO as follows:

 Schedule of outstanding liability 

    September 30,  2025  
    December 31, 2024 
  
    Accrued salaries and benefits 
    $54,154  
    $53,255 
  
    Accrued retirement and other benefits 
     697,972