Annual report pursuant to Section 13 and 15(d)

Consolidated Income Statements

v3.3.1.900
Consolidated Income Statements - USD ($)
 12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Revenue    
Service fees $ 2,463,225 $ 2,144,336
Webcast revenue 23,457 0
Consulting revenue 69,432 0
Other revenue 5,644 5,390
Total revenue 2,561,758 2,149,726
Cost of sales 1,565,411 1,376,565
Gross profit 996,347 773,161
Selling, general and administrative expenses 1,768,560 1,859,359
Operating income (loss) (772,213) (1,086,198)
Other income and (expense)    
Gain recognized on purchase of majority interest in WCI 0 1,250,000
Gain on decrease in fair value of convertible securities 589,611 0
Interest income 75,050 35,648
Interest expense (15,632) (20,836)
Goodwill impairment (466,765) 0
Loan costs 0 (635,851)
Realized gain (loss) on investments (131,458) (7,181)
Gain on conversion of investment in MicroCannaBiz to note receivable 35,360 0
Loss on impairment of MicroCannaBiz note receivable (76,010) 0
Gain (loss) on equipment disposals 0 (873)
Other income (expense) 425 166
Total other income and (expense) 10,581 621,073
Income (loss) before provision for income taxes (761,632) (465,125)
Provision for income taxes 3,163 35,820
Net income (loss) (764,795) (500,945)
Gain (loss) attributable to non-controlling interest 35,073 (28,023)
Net income (loss) attributable to Mentor $ (799,868) $ (472,922)
Basic and diluted net income (loss) per Mentor common share:    
Basic $ (0.051) $ (0.042)
Diluted $ 0 $ 0
Weighted average number of shares of Mentor common stock outstanding:    
Basic 15,537,163 11,368,461
Diluted 0 0