Mentor Capital Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
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Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| 2023 | 2022 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $2,431,299 | $283,431 |
| Investment in securities at fair value | 647,363 | - |
| Accounts receivable, net | 1,800 | 600 |
| Other receivable | 15,000 | - |
| Note Receivable | 1,000,000 | - |
| Prepaid expenses and other current assets | 6,508 | 9,375 |
| Current assets of discontinued operations | 1,426,624 | |
| Total current assets | 4,101,970 | 1,720,030 |
| Property and equipment | ||
| Property and equipment | 48,239 | 45,948 |
| Accumulated depreciation and amortization | (46,648) | (44,942) |
| Property and equipment of discontinued operations | - | 309,777 |
| Accumulated depreciation of discontinued operations | - | (163,905) |
| Property and equipment, net | 1,591 | 146,878 |
| Other assets | ||
| Investment in account receivable, net of discount and current portion | 238,849 | 315,309 |
| Long term investments | 104,431 | 94,431 |
| Other assets of discontinued operations | - | 2,717,244 |
| Total other assets | 343,280 | 3,126,984 |
| Total assets | $4,446,841 | $4,993,892 |
| 2023 | 2022 | |
|---|---|---|
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities | ||
| Accounts payable | $3,152 | $7,535 |
| Accrued expenses | 91,460 | 19,371 |
| Current liabilities of discontinued operations | - | 991,050 |
| Total current liabilities | 94,612 | 1,017,956 |
| Long-term liabilities | ||
| Accrued salary, retirement, and incentive fee-related party | 436,512 | 1,153,948 |
| Long-term liabilities of discontinued operations | - | 1,095,889 |
| Total long-term liabilities | 436,512 | 2,249,837 |
| Total liabilities | 531,124 | 3,267,793 |
| Commitments and Contingencies (Note 20) | - | - |
| Shareholders’ equity | ||
| Preferred stock, $0.0001 and $0.0001 par value, 5,000,000 and 5,000,000 shares authorized; 11 and 11 series Q preferred shares issued and outstanding at December 31, 2023 and 2022* | - | - |
| Common stock, $0.0001 and $0.0001 par value, 75,000,000 shares authorized; 24,686,105 and 22,941,357 shares issued and outstanding at December 31, 2023 and 2022 | 2,469 | 2,294 |
| Additional paid in capital | 12,101,055 | 13,085,993 |
| Accumulated deficit | (8,187,807) | (11,345,465) |
| Non-controlling interest | - | (16,723) |
| Total shareholders’ equity | 3,915,717 | 1,726,099 |
| Total liabilities and shareholders’ equity | $4,446,841 | $4,993,892 |
| * | Par value is less than $0.01 |
|---|
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