Welcome to our dedicated page for Mentor Capital SEC filings (Ticker: MNTR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Mentor Capital, Inc. filings document its OTCQB common stock registration and public-company reporting matters. Recent 8-K disclosures cover changes in the company's independent registered public accounting firms, including board and audit committee approvals, auditor letters, and statements regarding disagreements or reportable events under Regulation S-K.
The filing record also includes Form 12b-25 notices related to annual-report timing, with disclosures about the Form 10-K reporting period and the company's explanation for delayed completion. These filings center on reporting status, governance procedures, auditor relationships, and the Section 12(g) common stock identified under the MNTR trading symbol.
Mentor Capital, Inc. reported continued early-stage energy-focused operations for the six months ended June 30, 2026, driven by oil and gas royalty interests in the Permian Basin and supported by gold and securities investments. Total assets were $2.52 million, including $1.20 million of royalty interests, $688,125 of marketable securities, $417,903 of gold at cost, and cash of $47,693. Liabilities totaled $573,794, leaving shareholders’ equity of $1.94 million, and there were 27,589,296 common shares outstanding at August 13, 2026.
Royalty revenue was $65,595 for the quarter and $108,363 year-to-date, producing gross profit but not covering selling, general and administrative expenses of $500,588 year-to-date. The company recorded a net loss of $202,330 for the quarter and $375,454 for six months, with operating cash outflows of $287,512, largely offset by $286,012 of investing inflows from sales of securities and gold. Mentor continues to carry a $2.54 million judgment and $754,921 of related interest, as well as a $1,287,000 account receivable position, all fully reserved due to uncertain collection.
Management emphasizes a return to classic energy sectors via non-operating royalty interests, maintains a cost-based gold strategy, and has corrected prior interim treatment of gold valuation without impacting audited annual results. The company identifies two reportable segments (energy and residual operations) and states that existing cash and resources are expected to support its business plan for three years after issuance of these financial statements.
Mentor Capital, Inc. reported a net loss of $173,124 for the quarter ended March 31, 2026, slightly improved from a loss of $211,758 a year earlier. Revenue rose sharply to $42,767, all from oil and gas royalty income, compared with $2,000 in the prior-year period, reflecting its March 2025 acquisition of Permian Basin royalty interests.
Selling, general and administrative expenses increased to $303,149, producing an operating loss of $260,382, partly offset by $91,692 of other income from investment gains. Total assets were $2,775,377, including $1,232,401 of royalty interests and $516,346 of gold bullion held at cost, against shareholders’ equity of $2,144,975 and an accumulated deficit of $9,774,555.
Cash used in operations was $130,038, while securities sales provided $141,679, lifting cash to $60,834. The company continues to fully reserve a $2,539,597 judgment and related receivables from G Farma and a $180,000 interpleader receivable, and states that existing cash and resources should support its business plan for four years without new inflows.
Mentor Capital, Inc. changed its independent registered public accounting firm. On April 20, 2026, the board and audit committee dismissed Cherry Bekaert LLP and approved the engagement of M&K CPAS, PLLC as the new auditor.
The company states there were no disagreements or reportable events with Cherry Bekaert related to accounting principles, disclosures, auditing scope, or procedures for the year ended December 31, 2025. Cherry Bekaert’s audit report for 2025 contained no adverse opinion, disclaimer, or qualifications, and a confirming letter from the firm is filed as Exhibit 16.1.
Mentor Capital, Inc. Chief Executive Officer Chester Billingsley bought a total of 2,000 shares of common stock in open-market purchases, paying $0.055 and $0.054 per share. Following these trades, he directly owns 9,113,403 common shares and holds Series D warrants covering 47,274 additional shares at a $0.02 exercise price.
Mentor Capital, Inc. reports its 2025 annual results and outlines a strategic pivot toward classic energy and precious metals. The company sold its former 51% stake in Waste Consolidators, Inc. for $6,000,000 plus $60,000 interest, using the proceeds to fund a return to oil, gas, coal, and uranium investments, with gold and treasuries held as liquid placeholders.
In March 2025 Mentor acquired three fractional, non-operating royalty interests in approximately 121 oil and gas wells in the Permian Basin’s Spraberry Field for $1,369,899, generating $166,811 in royalty revenue over about eight months. As of March 31, 2026, 21,683,189 common shares and 11 Series Q preferred shares were outstanding, alongside 4,250,000 Series D warrants at $0.02 and 413,512 Series H warrants at $7.00, creating potential dilution.
The company executed a 3,000,000-share repurchase in 2024 at an average $0.06 per share and states that current cash resources and opportunities are expected to support its business plan for four years. Mentor highlights significant risks around securing additional financing, dependence on its CEO, warrant exercises, collection of a $2,539,597 judgment, and the impact of auditor transitions and broader energy and macroeconomic volatility.
Mentor Capital, Inc. Chief Executive Officer and 10% owner Chester Billingsley reported a series of open-market purchases of the company’s common stock. On three trading days, he bought a total of 4,000 shares at prices between $0.060 and $0.062 per share.
Following these transactions, he directly owns 9,111,403 shares of common stock. He also holds Series D Warrants exercisable at $0.020 per share for 47,274 underlying common shares, which are scheduled to expire on May 11, 2038. The reported purchases represent a small addition relative to his existing stake.
Mentor Capital, Inc. Chief Executive Officer Chester Billingsley significantly increased his direct common stock holdings through a preferred share conversion and a small open-market purchase. On April 3, 2026, he converted 11 Series Q Convertible Preferred Shares into 5,906,107 shares of common stock at a stated common stock price of $0.0588 per share, bringing his direct common stock position to 9,106,506 shares.
Those 11 preferred shares had previously been purchased on January 12, 2026 for a total of $204,488 at $18,590 per preferred share, with conversion terms defined in the Series Q Certificate of Designation. On April 7, 2026, he then made an additional open-market purchase of 897 common shares at $0.063 per share, raising his direct common stock ownership to 9,107,403 shares.
Mentor Capital, Inc. director and Chief Executive Officer Chester Billingsley reported a small open-market purchase of 3 shares of common stock at $0.065 per share. After this trade, he directly holds 3,200,399 common shares.
He also holds Series D Warrants exercisable at $0.0200 per share for 47,274 underlying common shares until May 11, 2038, and Series Q Preferred Shares that are convertible into common stock at no additional cost. On March 31, 2026, 11 Series Q Convertible Preferred Shares were eligible to be converted into 3,607,722 common shares.
Mentor Capital, Inc. Chief Executive Officer and major shareholder Chester Billingsley reported open-market purchases of the company’s common stock. He bought 3,000 shares on March 25, 2026 at $0.07 per share and 1,100 shares on March 26, 2026 at $0.08 per share, totaling 4,100 shares.
Following these transactions, he directly holds 3,200,396 common shares. He also holds Series D Warrants exercisable at $0.02 per share for 47,274 underlying common shares until May 11, 2038, and Series Q Preferred Shares that were eligible, as of December 31, 2025, to convert into 2,592,159 common shares at no additional cost.