| Investments and fair value |
Note
11 – Investments and fair value
The
hierarchy of Level 1, Level 2 and Level 3 Assets are listed as follows:
Schedule
of hierarchy of level 1, level 2 and level 3 assets
| |
|
|
(Level
1) |
|
|
|
(Level
2) |
|
|
|
(Level
3) |
|
|
|
(Level
3) |
|
|
|
(Level
3) |
|
| |
|
|
|
|
|
|
|
|
|
|
Fair
Value Measurement Using |
|
|
| |
|
|
Unadjusted
Quoted Market Prices |
|
|
|
Quoted
Prices for Identical or Similar Assets in Active Markets |
|
|
|
Significant
Unobservable Inputs |
|
|
|
Significant
Unobservable Inputs |
|
|
|
Significant
Unobservable Inputs |
|
| |
|
|
(Level
1) |
|
|
|
(Level
2) |
|
|
|
(Level
3) |
|
|
|
(Level
3) |
|
|
|
(Level
3) |
|
| |
|
|
Investment
in Securities |
|
|
|
|
|
|
|
Contractual
interest Legal Recovery |
|
|
|
Investment
in Common Stock Warrants |
|
|
|
Other
Equity Investments |
|
| Balance
at December 31, 2020 |
|
$ |
34,826 |
|
|
$ |
- |
|
|
$ |
381,529 |
|
|
$ |
1,000 |
|
|
$ |
204,028 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
gains or losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included
in earnings
(or changes in net assets) |
|
|
842 |
|
|
|
- |
|
|
|
- |
|
|
|
175 |
|
|
|
- |
|
Purchases,
issuances, sales,
and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchases |
|
|
38,470 |
|
|
|
- |
|
|
|
15,137 |
|
|
|
- |
|
|
|
- |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
(73,129 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Balance
at December 31, 2021 |
|
|
1,009 |
|
|
$ |
- |
|
|
$ |
396,666 |
|
|
$ |
1,175 |
|
|
$ |
204,028 |
|
| Beginning balance |
|
|
1,009 |
|
|
$ |
- |
|
|
$ |
396,666 |
|
|
$ |
1,175 |
|
|
$ |
204,028 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total
gains or losses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Included
in earnings
(or changes in net assets) |
|
|
(833 |
)
|
|
|
- |
|
|
|
- |
|
|
|
(500 |
) |
|
|
- |
|
Purchases,
issuances, sales,
and settlements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchases |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
83,756- |
|
| Issuances |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Sales |
|
|
(176 |
) |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Settlements |
|
|
- |
|
|
|
- |
|
|
|
(396,666 |
) |
|
|
- |
|
|
|
(194,028 |
) |
| Balance
at December 31, 2022 |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
675 |
|
|
$ |
93,756 |
|
| Ending balance |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
675 |
|
|
$ |
93,756 |
|
Mentor
Capital, Inc.
Notes
to Consolidated Financial Statements
December
31, 2022 and 2021
Prior to December 31, 2022, the Company sold its remaining
shares of NASDAQ listed company stock. At December 31, 2022. The amortized costs, gross unrealized holding gains and losses, and fair
values of the Company’s investment securities classified as equity securities, at fair value, at December 31, 2022 were $0.
The
portion of unrealized gains and losses for the period related to equity securities still held at the reporting date is calculated as
follows:
Schedule
of portion of unrealized gains and losses related to equity securities
| |
|
2022 |
|
|
2021 |
|
| |
|
Year Ended December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| Net gains and losses recognized during the period on equity securities |
|
$ |
833 |
|
|
$ |
842 |
|
| |
|
|
|
|
|
|
|
|
| Less: Net gains (losses) recognized during the period on equity securities sold during the period |
|
|
833 |
|
|
|
1,470 |
|
| |
|
|
|
|
|
|
|
|
| Unrealized gains and losses recognized during the reporting period on equity securities still held at the reporting date |
|
$ |
- |
|
|
$ |
(628 |
) |
|