Annual report pursuant to Section 13 and 15(d)

Consolidated Income Statements

v3.23.1
Consolidated Income Statements - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenue    
Total revenue $ 7,705,715 $ 6,010,438
Cost of revenue 5,479,393 4,138,785
Gross profit 2,226,322 1,871,653
Selling, general and administrative expenses 3,851,620 2,275,989
Operating income (loss) (1,625,298) (404,336)
Other income and (expense)    
Employee retention credits 1,350,161
Gain (loss) on investments in securities (170,418) 1,017
Recovery (impairment) of investments 22,718
Interest income 58,730 70,229
Interest expense (80,199) (62,392)
Gain on equipment disposal 56,455 86
Paycheck protection program loans forgiven 87,122
EIDL grant
Other income 58,027 38,870
Total other income and (expense) 1,272,756 157,650
Income (loss) before provision for income taxes (352,542) (246,686)
Provision for income taxes 14,383 9,780
Net income (loss) (366,925) (256,466)
Gain (loss) attributable to non-controlling interest 104,461 16,382
Net income (loss) attributable to Mentor $ (471,386) $ (272,848)
Basic and diluted net income (loss) per Mentor common share:    
Basic and diluted $ (0.021) $ (0.012)
Weighted average number of shares of Mentor common stock outstanding:    
Basic and diluted 22,941,357 22,850,947
Service [Member]    
Revenue    
Total revenue $ 7,668,056 $ 5,969,674
Finance Lease Revenue [Member]    
Revenue    
Total revenue $ 37,659 $ 40,764