Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Income Statements (Unaudited)

v3.8.0.1
Condensed Consolidated Income Statements (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue    
Service fees $ 738,144 $ 642,844
Webcast revenue 0 450
Total revenue 738,144 643,294
Cost of sales 474,248 394,432
Gross profit 263,896 248,862
Selling, general and administrative expenses 648,290 430,358
Operating income (loss) (384,394) (181,496)
Other income and (expense)    
Interest income 28,294 27,247
Interest expense (4,050) (11,868)
Loss on disposal of Investor Webcast assets and liabilities 0 (345)
Gain (loss) on investments (81,566) (21,944)
Other income (expense) 500 (738)
Total other income and (expense) (56,822) (7,648)
Income (loss) before provision for income taxes (441,216) (189,144)
Provision for income taxes 7,400 3,000
Net income (loss) (448,616) (192,144)
Gain (loss) attributable to non-controlling interest 11,560 10,165
Net income (loss) attributable to Mentor $ (460,176) $ (202,309)
Basic and diluted net income (loss) per Mentor common share:    
Basic and diluted. $ (0.021) $ (0.012)
Weighted average number of shares of Mentor common stock outstanding:    
Basic and diluted 21,538,779 16,353,691