Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Stockholders' Equity

Note 13 - Stockholders' Equity
6 Months Ended
Jun. 30, 2017
Note 13 - Stockholders' Equity

Note 13 - Stockholders’ equity


Common Stock


The Company was incorporated in California in 1994 and was redomiciled as a Delaware corporation, effective September 24, 2015. There are 75,000,000 authorized shares of Common Stock at $0.0001 par value. The holders of Common Stock are entitled to one vote per share on all matters submitted to a vote of the stockholders.


On August 8, 2014, the Company announced that it was initiating the repurchase of approximately 2% of the Company’s common shares outstanding at that time. As of June 30, 2017 and December 31, 2016, 44,748 and 44,748 shares have been repurchased and retired, respectively.


Preferred Stock


Mentor has 5,000,000, $0.0001 par value, preferred shares authorized. No preferred shares are issued or outstanding.


Subsequent to June 30, 2017, the Company designated 200,000 preferred shares as Series Q Preferred Stock, such series having a par value of $0.0001 per share, see note 21.