Annual report [Section 13 and 15(d), not S-K Item 405]

Property and equipment

v3.25.1
Property and equipment
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and equipment

Note 6 - Property and equipment

 

Property and equipment are comprised of the following at December 31, 2024 and 2023:

 

    2024     2023  
Computers   $ 33,626     $ 33,626  
Furniture and fixtures     14,613       14,613  
Machinery and vehicles     -       -  
Gross Property and equipment     48,239       48,239  
Accumulated depreciation and amortization     (47,721 )     (46,648 )
                 
Net Property and equipment   $ 518     $ 1,591  

 

Continuing Operations

 

Depreciation and amortization expenses for our continuing operations was $1,073 and $1,706 for the years ended December 31, 2024 and 2023, respectively. All depreciation is included in selling, general and administrative expenses in the consolidated income statements.

 

 

Mentor Capital, Inc.

Notes to Consolidated Financial Statements

December 31, 2024 and 2023

 

Discontinued Operation

 

Prior to the October 4, 2023 sale date, on September 30, 2023, depreciation and amortization expenses for our discontinued operations were $49,260. Of these amounts, depreciation on our discontinued operation’s vehicles used to service customer accounts included in the cost of goods sold and was $16,325. All other depreciation was associated with our discontinued operation’s selling, general, and administrative expenses.