Company: MNTR
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001620
Chunk: 959

Company: Mentor Capital, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 959
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2024 and 2023

Finance
lease liabilities were as follows:

 Schedule of finance lease liabilities

    October 4, 2023 (1) 
  
    Gross finance lease liabilities 
    $1,696,301 
  
    Less: imputed interest 
     (207,418)
  
    Present value of finance lease liabilities 
     1,488,883 
  
    Less: current portion 
     (419,073)
  
    Long-term finance lease liabilities 
    $1,069,810 

    (1)
    Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 2023.

Operating
lease liabilities were as follows:

 Schedule of operating lease liabilities

    October 4, 2023 (1) 
  
    Gross operating lease liabilities 
    $366,918 
  
    Less: imputed interest 
     (43,043)
  
    Present value of operating lease liabilities 
     323,875 
  
    Less: current portion 
     (67,804)
  
    Long-term operating lease liabilities 
    $256,071 

    (1)
    Effective
    on the date of sale, October 4, 2023, we reported our discontinued operations financials as of September 30, 2023.

Lease
maturities of our discontinued operation were follows:

Maturity
of lease liabilities

 Schedule of lease maturities

    12
    months ending October 4, 2023 (1) 
    Finance leases  
    Operating leases 
  
    2024 
    $419,073  
    $67,804 
  
    2025 
     424,735  
     74,860 
  
    2026 
     388,723  
     82,475 
  
    2027 
     251,571  
     90,670 
  
    2028 
     4,781  
     8,066 
  
    Total 
     1,488,883  
     323,875 
  
    Less: Current maturities 
     (419,073) 
     (67,804)
  
    Long-term liability 
    $1,069,810  
    $256,071 

    (1)
    Effective