Mentor Capital, Inc. Files Q1 2024 10-Q
Ticker: MNTR · Form: 10-Q · Filed: Jun 14, 2024 · CIK: 1599117
| Field | Detail |
|---|---|
| Company | Mentor Capital, Inc. (MNTR) |
| Form Type | 10-Q |
| Filed Date | Jun 14, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.01, $0.0001, $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
Mentor Capital filed its Q1 2024 10-Q, check financials for latest performance.
AI Summary
Mentor Capital, Inc. filed its 10-Q for the period ending March 31, 2024. The filing details financial information for the first quarter of 2024, comparing it to the same period in 2023. The company's fiscal year ends on December 31st, and its principal business is listed under Investors, NEC.
Why It Matters
This filing provides investors with a quarterly update on Mentor Capital, Inc.'s financial performance and position, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Numbers
- Q1 2024 — Reporting Period (Financials for the first quarter of 2024 are detailed.)
- Q1 2023 — Comparative Period (Financials for the first quarter of 2023 are used for comparison.)
Key Players & Entities
- Mentor Capital, Inc. (company) — Filer of the 10-Q
- 20240331 (date) — End of reporting period
- 20240614 (date) — Filing date
- Plano, TX (location) — Company's business and mailing address
FAQ
What is Mentor Capital, Inc.'s primary business classification?
Mentor Capital, Inc. is classified under 'Investors, NEC' with SIC code 6799.
What is the fiscal year end for Mentor Capital, Inc.?
The company's fiscal year ends on December 31st.
Where is Mentor Capital, Inc. located?
The company's business and mailing address is 5964 Campus Court, Plano, TX 75093.
What period does this 10-Q filing cover?
This 10-Q filing covers the period ending March 31, 2024.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted on June 14, 2024.
Filing Stats: 4,552 words · 18 min read · ~15 pages · Grade level 15.9 · Accepted 2024-06-14 15:31:16
Key Financial Figures
- $0.01 — $ 4,446,841 * Par value is less than $0.01. See accompanying Notes to Financial
- $0.0001 — al Accumulated controlling Shares $0.0001 par* Shares $0.0001 par paid i
- $1 — series Q preferred shares is less than $1. See accompanying Notes to Financial
Filing Documents
- form10-q.htm (10-Q) — 975KB
- ex31.htm (EX-31.1) — 9KB
- ex32.htm (EX-32.1) — 8KB
- 0001493152-24-023841.txt ( ) — 6335KB
- mntr-20240331.xsd (EX-101.SCH) — 55KB
- mntr-20240331_cal.xml (EX-101.CAL) — 66KB
- mntr-20240331_def.xml (EX-101.DEF) — 284KB
- mntr-20240331_lab.xml (EX-101.LAB) — 403KB
- mntr-20240331_pre.xml (EX-101.PRE) — 371KB
- form10-q_htm.xml (XML) — 855KB
Financial Statements
Financial Statements: 4 Condensed Consolidated Balance Sheets (Unaudited) – March 31, 2024 and December 31, 2023 4 Condensed Consolidated Income Statements (Unaudited) – Three Months Ended March 31, 2024 and 2023 6 Condensed Consolidated Statements of Shareholders' Equity (Unaudited) – Three Months Ended March 31, 2024 and 2023 7 Condensed Consolidated Statements of Cash Flows (Unaudited) - Three Months Ended March 31, 2024 and 2023 8 Notes to Condensed Financial Statements 9 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 37 Item 4.
Controls and Procedures
Controls and Procedures 37 PART II OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 37 Item 1A.
Risk Factors
Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 3. Defaults Upon Senior Securities 43 Item 4. Mine Safety Disclosures 43 Item 5. Other Information 43 Item 6. Exhibits 43
SIGNATURES
SIGNATURES 45 -3- PART I. FINANCIAL INFORMATION Item 1. Financial Statements Mentor Capital, Inc. Condensed Consolidated Balance Sheets March 31, December 31, 2024 2023 (unaudited) ASSETS Current assets Cash and cash equivalents $ 2,228,354 $ 2,431,299 Investments in securities, fair value 678,850 647,363 Accounts receivable, net 2,100 1,800 Accrued interest receivable 30,000 15,000 Note Receivable 1,000,000 1,000,000 Prepaid expenses and other current assets 18,002 6,508 Total current assets 3,957,306 4,101,970 Property and equipment Property and equipment 48,239 48,239 Accumulated depreciation and amortization ( 46,917 ) ( 46,648 ) Property and equipment, net 1,322 1,591 Other assets Investment in account receivable, net of discount and current portion 243,300 238,849 Long term investments 104,431 104,431 Total other assets 347,731 343,280 Total assets $ 4,306,359 $ 4,446,841 See accompanying Notes to Financial Statements -4- Mentor Capital, Inc. Condensed Consolidated Balance Sheets (Unaudited) (Continued) March 31, December 31, 2024 2023 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 77,527 $ 3,152 Accrued expenses 73,539 91,460 Total current liabilities 151,066 94,612 Long-term liabilities Accrued salary, retirement, and incentive fee-related party 447,582 436,512 Total long-term liabilities 447,582 436,512 Total liabilities 598,648 531,124 Commitments and Contingencies (Note 16) - - 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 March 31, 2024 and December 31, 2023, respectively.* - - Common stock, $ 0.0001 and $ 0.0001 par value, 75,000,000 and 75,000,000 shares authorized; 24,686,105 and 24,686,105 shares issued and outstanding at March 31, 2024 and December 31, 20