Mentor Capital Inc

For the period ended Dec 31, 2023. Filed Apr 1, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Apr 1, 2024

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Contents

Consolidated Income Statements

2023 · 2022
Revenue
Service fees	$	-	$(2,585)
Finance lease revenue		-	37,659
Total revenue		-	35,074
Cost of revenue		-	-
Gross profit		-	35,074
Selling, general, and administrative expenses		1,775,210	495,400
Operating income (loss)		(1,775,210)	(460,326)
Other income and (expense)
Gain on sale of discontinued operations		4,805,389	-
Gain (loss) on investments		-	(170,418)
Interest income		74,780	58,725
Unrealized gain (loss) on investments		(2,484)	-
Interest expense		(15,847)	(33,878)
Other income (expense)		1,291	555
Total other income and (expense)		4,863,129	(145,016)
Income (loss) before provision for income taxes		3,087,919	(605,342)
Provision for income taxes		(8,160)	(6,768)
Net income (loss) – from continued operations		3,079,759	(612,110)
Net Income (loss) from discontinued operations before tax		83,682	252,800
Provision for income taxes on discontinued operations		(5,783)	(7,615)
Net income (loss) - from discontinued operations		77,899	245,185
Net income (loss)		3,157,658	(366,925)
Gain (loss) attributable to non-controlling interest		-	(104,461)
Net income (loss) attributable to Mentor		$3,157,658	$(471,386)
Basic and diluted net income (loss) per Mentor common share:
Basic		$0.137	$(0.021)
Diluted		$0.122	$(0.021)
Weighted average number of shares of Mentor common stock outstanding:
Basic		22,977,395	22,941,357
Diluted		25,865,216	22,941,357

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.