Annual report pursuant to Section 13 and 15(d)

Consolidated Income Statements

v3.8.0.1
Consolidated Income Statements - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue    
Service fees $ 2,740,187 $ 2,463,225
Webcast revenue 450 23,457
Consulting revenue 20,000 69,432
Other revenue 608 5,644
Total revenue 2,761,245 2,561,758
Cost of sales 1,785,160 1,565,411
Gross profit 976,085 996,347
Selling, general and administrative expenses 1,872,059 1,768,560
Operating income (loss) (895,974) (772,213)
Other income and (expense)    
Interest income 114,836 75,050
Interest expense (40,625) (15,632)
Gain on convertible security valuation. 0 589,611
Goodwill impairment 0 (466,765)
Gain on conversion of investment in MicroCannaBiz to note receivable 0 35,360
Loss on write off of MicroCannaBiz note receivable and accrued interest 0 (76,010)
Gain (loss) on investments. (42,289) (131,458)
Gain (loss) on equipment disposal 11,568 0
Other income (expense) 9,143 425
Total other income and (expense) 52,633 10,581
Income (loss) before provision for income taxes (843,341) (761,632)
Provision for income taxes 11,800 3,163
Net income (loss) (855,141) (764,795)
Gain (loss) attributable to non-controlling interest 2,972 35,073
Net income (loss) attributable to Mentor $ (858,113) $ (799,868)
Basic and diluted net income (loss) per Mentor common share:    
Basic and diluted. $ (0.048) $ (0.051)
Weighted average number of shares of Mentor common stockoutstanding:    
Basic and diluted 17,695,152 15,537,163