Note 20 – Subsequent events

Subsequent to quarter end, on July 11, 2023, a judgment was entered against the G Farma Settlors and in favor of Mentor and Partner I in the amount of $2,539,596.73 in the California Superior Court in and for the County of Marin. As agreed by the parties in a stipulation for entry of judgment, the judgment is comprised of $2,494,450 of the default settlement amount (calculated as the settlement payment, less payments made by the G Farma Settlers, plus the default addition) plus accrued and unpaid interest of $40,219.09, costs of $1,642.64, and attorneys’ fees of $3,285 incurred by Mentor and Mentor Partner I in connection with obtaining the judgement. The judgment also accrues post-judgment interest at the rate of 10% from July 11, 2023 until such time as the judgment is paid in full. The Company has retained the full reserve on the unpaid notes receivable balance and collections of the unpaid lease receivable balance due to the long history of uncertain payments from G Farma and the G Farma Settlers. Payments from the G Farma Settlers will be recognized in Other Income as they are received. See Notes 1, 8, and 18. Interest receivable is fully reserved pending the outcome of the Company’s collection process.

Subsequent to quarter end, during the month of July, Mentor repurchased the remaining 232,852 shares of its Common Stock associated with the Company’s stock repurchase plan at an average price of $0.0286 per share.