Annual report pursuant to Section 13 and 15(d)

Consolidated Income Statements

v3.19.1
Consolidated Income Statements - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenue    
Service fees $ 3,633,798 $ 3,167,300
Lease equipment sales 1,563,638 0
Finance lease revenue 53,754 0
Consulting revenue 30,343 15,400
Total revenue 5,281,533 3,182,700
Cost of sales 3,698,934 2,075,655
Gross profit 1,582,599 1,107,045
Selling, general and administrative expenses 2,170,029 2,317,556
Operating income (loss) (587,430) (1,210,511)
Other income and (expense)    
Interest income 168,205 737,584
Gain (loss) on investments 23,984 (164,590)
Interest expense (17,407) (73,462)
Gain (loss) on equipment disposal (2,738) 0
Other income (expense) 14,357 5,036
Total other income and (expense) 186,401 504,568
Income (loss) before provision for income taxes (401,029) (705,943)
Provision for income taxes 19,250 9,222
Net Income (Loss) (420,279) (715,165)
Gain (loss) attributable to non-controlling interest (11,118) 38,730
Net Income (Loss) $ (409,161) $ (753,895)
Basic and diluted net income (loss) per Mentor common share:    
Basic and diluted $ (0.018) $ (0.034)
Basic and diluted 23,075,926 22,347,974