Mentor Capital Revenues Up 21.2% for the 3rd Quarter 2021

Mentor Capital, Inc. (OTCQB: MNTR) announced in its 10-Q filing for the third quarter of 2021 that revenues increased 21.2% and gross profit 30% during the third quarter compared to the same quarter in 2020. Trailing twelve-month revenues increased 15.2% to $5.47 million or 23.9 cents per share compared to a closing share price of 8.86 cents on November 13, 2021, corresponding to a current market capitalization of $2.02 million.

Mentor CEO, Chet Billingsley, notes that much of Mentor's 15.2% trailing year-over-year revenue growth springs from Mentor's 51% owned subsidiary, Waste Consolidators, Inc. (WCI). WCI's revenue increased to $4.8 million for 2020, from $4.2 million in 2019 and $3.6 million in 2018, continuing a 14.6% annualized growth trend.

In its third quarter 10-Q filing to the SEC, the Company reports that Mentor had quarterly revenues of $1,492,624 and gross profit of $488,584 with resulting break-even results per share of (0.0 cents). This is a revenue betterment over the prior-year quarter ended September 30, 2020, in which Mentor had revenues of $1,231,530 and gross profit of $375,735 with a resulting net loss attributable to Mentor of ($273,955) or (1.2 cents) per share.

On June 16, 2021, Mentor CEO, Chet Billingsley, invested a second $100,000 loan into the Company at 7.8% per annum and is due upon demand.

On August 27, 2021, the Company entered into a Settlement Agreement with the G Farma Entities, who will pay the Company, over approximately six years, $500,000 plus 4.25% interest in steeply increasing payments. In the case of default, an additional $2,000,000 will be added to the unpaid settlement amount payable by the G Farma Entities and guaranteed by their owners.

Subsequent to quarter end, on October 6, 2021, the Company invested additional capital of $9,998 in Electrum for litigation costs in their lawsuit against Aurora Cannabis, Inc. and pursuant to a legal Recovery Purchase Agreement. The amount invested by the Company into Electrum for litigation costs has increased to $191,527, bringing the total combined Electrum investments that may be collected in the legal recovery to $585,555, which is recorded at cost, without allowance for additional significant percentage participation in any award. Trial in the Electrum vs. Aurora litigation is currently scheduled to commence on March 7, 2022.