Related party transactions

12 Months Ended

Dec. 31, 2022

Note 19 – Related party transactions

The Company had outstanding liabilities for related party loans, which were due on demand, as follows at December 31, 2022 and 2021:

	2022		2021
Loan from WCI officer, including interest of $350 and $1,600 at February 15, 2022 and December 31, 2021, respectively. The note was fully paid off on February 15, 2022. The note bore interest at 8% per annum and was due on demand.	$	-	$	21,600

Loans from Mentor CEO, including interest of $17,380 and $10,644 at December 1, 2022 and December 31, 2021, respectively. The notes were fully paid off on December 1, 2022. The notes bore interest at 7.6% per annum compounded quarterly and were due within thirty days of demand.	$	-		210,644
	$	-	$	232,244

Mentor Capital, Inc.

Notes to Consolidated Financial Statements

December 31, 2022 and 2021