Mentor Capital, Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

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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.

FY2024 · Filed Mar 31, 2025

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Contents

Item 8. Consolidated Statements of Cash Flows

2024 · 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)		$(839,505)	$3,157,658
Less net income from discontinued operations		-	(77,899)
Adjustments to reconcile net income (loss) to net cash provided by (used by) operating activities:
Depreciation and amortization		1,073	1,706
Bad debt expense		-	10,198
Amortization of discount on investment in account receivable		(9,559)	(41,741)
Gain on sale of discontinued operation		-	(4,805,389)
(Gain) loss on investment in securities at fair value		(34,989)	2,484
(Gain) loss on long-term investments		250,208	-
Decrease (increase) in operating assets
Accounts receivable - trade		-	(11,398)
Other receivables		15,000	(15,000)
Prepaid expenses and other current assets		(502)	2,867
Increase (decrease) in operating liabilities
Accounts payable		14	(4,383)
Accrued expenses		(48,861)	72,089
Accrued salary, retirement, and benefits - related party		40,066	(717,436)
Net cash provided by (used by) operating activities		(627,055)	(2,426,244)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of investment securities		(1,420,608)	(649,847)
Proceeds from securities sold		982,478	-
Sale of investment of discontinued operation		-	6,000,000
Adjustment on sale of discontinued operation		-	129,532
Proceeds from Ally Waste note receivable		1,000,000	-
Increase in long-term investments		-	(10,000)
Purchases of property and equipment		-	(2,291)
Proceeds from investment in receivable		-	118,201
Net cash (used by) investing activities - continuing operations		561,870	5,585,595
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from warrants converted to common stock		-	40,000
Paid in capital adjustment - stock repurchase		(300)	-
Payments on repurchase of stock		(183,693)	(7,884)
Increase in notes receivable		-	(1,000,000)
Paid in capital adjustment - note receivable reduction		-	(1,016,879)
Net cash provided by (used by) financing activities - continuing operations		(183,993)	(1,984,763)
Net change in cash – continued operations		(249,178)	1,174,588
Operating cash flow - discontinued operations		-	408,928
Investing activities - discontinued operations		-	1,480,861
Financing activities - discontinued operations		-	(1,423,008)
Net change in cash		(249,178)	1,641,369
Cash beginning of period - continued operations		2,431,299	283,431
Cash beginning of period - discontinued operations		-	506,499
Beginning cash		2,431,299	789,930
Cash - end of period		2,182,121	2,431,299
Less cash of discontinued operations		-	-
Ending cash		$2,182,121	$2,431,299
SUPPLEMENTARY INFORMATION:
Cash paid for interest – all operations		-	64,685
Less Cash paid for interest - discontinued operations		-	(29,992)
Cash paid for interest – continued operations	$	-	$34,693
Cash paid for income taxes – all operations		15,489	15,304
Less Cash paid for income taxes – discontinued operations		-	(5,784)
Cash paid for income taxes – continued operations		$15,489	$9,520
Right of use assets acquired through finance lease liability - all operations		-	934,905
Less right of use assets acquired through finance lease liability - discontinued operations		-	(934,905)

See accompanying Notes to Consolidated Financial Statements

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.