Note 20 – Subsequent events

Subsequent to quarter-end, on October 4, 2023, the Company sold its 51% interest in Waste Consolidators, Inc. by entering into a Stock Purchase Agreement whereby the shareholders of WCI sold all of the outstanding shares of stock to Ally Waste Services, LLC. In connection with such sale, the Company received net, after WCI debt payoff, $5,000,000 in cash and a one-year unsecured, subordinated, promissory note in initial principal face amount of $1,000,000. The note accrues interest at 6% per annum. For more information please see the Company’s October 5, 2023 Press Release and its Form 8-K filed with the Securities and Exchange Commission on October 10, 2023. Prior to the sale, WCI’s smaller debts and obligations were retired and coincidently WCI’s EIDL Loan was paid in full. The final EIDL Loan payment consisted of $149,900 principal plus $7,916 interest.

Subsequent to quarter end, on October 14, 2023, the Board of Directors of the Company approved i) a stock repurchase plan authorizing the Company to repurchase up to 3,000,000 shares of the Company’s common stock, ii) an increase of the CEO’s annual salary to $208,000 per year to adjust for inflation, and iii) authorization to reset the Series D warrant strike price to $0.02 per share.

Subsequent to quarter end, on October 24, 2023 the Company completely divested itself of its last cannabis involvement by causing its subsidiary, Mentor IP, LLC (“MCIP”), to transfer its interest in non-revenue generating patents back to the inventor.

Subsequent to quarter end, on or around October 30, 2023, the Company increased its energy investments in Exxon Mobil Corp., Occidental Petroleum Corp., Chevron Corp., Cameco Corp., a uranium investment, and Arch Resources, Inc., a coal investment, which together now total the majority of the Company’s non-cash assets.