Note 9 – Investments and fair value and at cost

The hierarchy of Level 1, Level 2 and Level 3 Assets are listed as following:

 Schedule of hierarchy of level 1, level 2 and level 3 assets

Gold position held at cost:

On March 17, 2025, the Company purchased a 3 (three) kilogram gold position for $295,328, and on July 17, 2025, the Company purchased a 2 (two) kilogram gold position for $221,018. The Company holds gold bullion as part of its integrated investment strategy to profit from trading in gold, gold-backed securities, and potential futures trading. Initially, the gold purchase helped preserve capital and hedge against inflationary risks. Gold bullion is classified as an indefinite-lived nonfinancial asset and is accounted for under a cost model.

Gold bullion is initially recorded at acquisition cost and subsequently measured at the lower of cost or net realizable value. The Company evaluates the carrying value of gold bullion for impairment on a periodic basis and recognizes losses when the market value declines below cost. Any such impairment losses are recognized in earnings and are not reversed for subsequent recoveries in value.

As of March 31, 2026 and 2025, the carrying value of gold bullion was $516,346 and $295,328, respectively. The estimated fair value of gold bullion, based on quoted market prices for gold, was approximately $736,714 and $302,371 as of March 31, 2026, and 2025. The Company did not recognize any impairment losses related to gold bullion at March 31, 2026, and 2025. See Note 20 to the consolidated financial statements and the Company’s Annual Report for the period ended December 31, 2025, on Form 10-K as filed with the Securities and Exchange Commission on April 15, 2026, for further disclosures regarding the Company’s historical accounting treatment related to gold.

Subsequent to quarter-end, on April 16, 2026, the Company sold one kilogram of gold bullion for $148,329, at a $49,886 realized gain. See Note 17.

NeuCourt investment held at cost:

The Company holds investments in NeuCourt, Inc. (“NeuCourt”) at cost as Level 3 assets, totaling $104,431. The investment is comprised of (i) 105,130 warrants, held at cost at $675, (ii) 500,000 shares, held at cost at $10,000, and (iii) a Simple Agreement for Future Equity (“SAFE”) held at cost at $93,756. At March 31, 2026 Mentor’s 500,000 shares of NeuCourt common stock, represent approximately 6.13% of NeuCourt’s issued and outstanding common stock. See Note 6 for further details regarding the Company’s NeuCourt SAFE.