Mentor Capital, Inc. Files Q2 2024 10-Q

TL;DR

Mentor Capital filed its Q2 2024 10-Q. Financials are in.

AI Summary

Mentor Capital, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial performance and operational updates for the second quarter of 2024. Specific financial figures and business segment information are provided, reflecting the company's status as of that date.

Why It Matters

This filing provides investors with the latest financial health and operational performance of Mentor Capital, Inc. for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: medium — The filing is a standard 10-Q, but without specific financial details or operational highlights, assessing the risk level is difficult.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-08-13 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Mentor Capital, Inc. (company) — Filer of the 10-Q
• 2024-06-30 (date) — End of the reporting period
• 2024-08-13 (date) — Filing date
• Plano, TX (location) — Company's business and mailing address

FAQ

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 in c
• $1 — series Q preferred shares is less than $1. See accompanying Notes to Financial

Filing Documents

• form10-q.htm (10-Q) — 1215KB
• ex31.htm (EX-31) — 14KB
• ex32.htm (EX-32) — 8KB
• 0001493152-24-031410.txt ( ) — 7165KB
• mntr-20240630.xsd (EX-101.SCH) — 58KB
• mntr-20240630_cal.xml (EX-101.CAL) — 72KB
• mntr-20240630_def.xml (EX-101.DEF) — 295KB
• mntr-20240630_lab.xml (EX-101.LAB) — 420KB
• mntr-20240630_pre.xml (EX-101.PRE) — 384KB
• form10-q_htm.xml (XML) — 1101KB

Financial Statements

Financial Statements: 4 Condensed Consolidated Balance Sheets (Unaudited) – June 30, 2024 and December 31, 2023 4 Condensed Consolidated Income Statements (Unaudited) – Three Months and Six Months Ended June 30, 2024 and 2023 6 Condensed Consolidated Statements of Shareholders' Equity (Unaudited) – Three Months Ended June 30, 2024 and 2023 7 Condensed Consolidated Statements of Shareholders' Equity (Unaudited) – Six Months Ended June 30, 2024 and 2023 8 Condensed Consolidated Statements of Cash Flows (Unaudited) - Six Months Ended June 30, 2024 and 2023 9 Notes to Condensed Financial Statements 10 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 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 44 Item 3. Defaults Upon Senior Securities 44 Item 4. Mine Safety Disclosures 44 Item 5. Other Information 44 Item 6. Exhibits 44

SIGNATURES

SIGNATURES 45 -3- PART I. FINANCIAL INFORMATION Item 1. Financial Statements Mentor Capital, Inc. Condensed Consolidated Balance Sheets June 30, December 31, 2024 2023 (unaudited) ASSETS Current assets Cash and cash equivalents $ 1,881,108 $ 2,431,299 Investments in securities, fair value 670,000 647,363 Accounts receivable, net - 1,800 Accrued interest receivable 45,000 15,000 Note Receivable 1,000,000 1,000,000 Prepaid expenses and other current assets 12,362 6,508 Total current assets 3,608,470 4,101,970 Property and equipment Property and equipment 48,239 48,239 Accumulated depreciation and amortization ( 47,186 ) ( 46,648 ) Property and equipment, net 1,053 1,591 Other assets Investment in account receivable, net of discount and current portion - 238,849 Long term investments 104,431 104,431 Total other assets 104,431 343,280 Total assets $ 3,713,954 $ 4,446,841 See accompanying Notes to Financial Statements -4- Mentor Capital, Inc. Condensed Consolidated Balance Sheets (Unaudited) (Continued) June 30, December 31, 2024 2023 (unaudited) LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities Accounts payable $ 97 $ 3,152 Accrued expenses 49,834 91,460 Total current liabilities 49,931 94,612 Long-term liabilities Accrued salary, retirement, and incentive fee related party 456,714 436,512 Total long-term liabilities 456,714 436,512 Total liabilities 506,645 531,124 Commitments and Contingencies (Note 16) - - Shareholders' equity Preferred stock, $ 0.0001 par value, 5,000,000 shares authorized; and 11 series Q preferred shares issued and outstanding at June 30, 2024 and December 31, 2023. * - - Common stock, $ 0.0001 par value, 75,000,000 shares authorized; and 23,284,559 and 24,686,105 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively. 2,328 2,469 Additional paid in capital 12,022,470

View Full Filing

View this 10-Q filing on SEC EDGAR