Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 107

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 107
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 its contractual obligations. The Company has exposure to credit risk from its cash and receivables. The maximum exposure to credit risk is the carrying value of these financial assets, which amounted to $125,705as at October 31, 2024 (October 31, 2023 - $43,289).
The risk for cash is mitigated by holding these balances with with central banks and financial institution counterparties that are highly rated. The Company therefore does not expect any credit losses on its cash.
The risk of credit loss on receivable is substantially mitigated by assessing the credit quality of counterparties, taking into account their financial position, past experience and other factors. Management actively monitors the Company's exposure to credit risk under its financial instruments, including with respect to other receivables.
(d)Liquidity risk
Liquidity risk is the risk that the Company will not be able to meet its financial obligations as they become due. The Company's policy is to review liquidity resources and ensure that sufficient funds are available to meet financial obligations as they become due. Further, the Company's management is responsible for ensuring funds exist and are readily accessible to support business opportunities as they arise. With the exception of the long-term loan, all financial liabilities are due within 1 year as at October 31, 2024.
(i)Trade payables
The following represents an analysis of the maturity of trade payables:
As at As at
October 31, October 31,
2024 2023
Over 30 days past billing date 336,575 209,285
336,575 209,285
(ii)Convertible debentures and derivative liabilities
The following represents an analysis of the maturity of the convertible debentures and derivative liabilities:
As at October 31, As at October 31,
2024 2023
Convertible Debenture payable Convertible Debenture payable
debentures debentures
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Less than three months 2,492,556 37,389 2,451,614 37,509
Three to six months 1,376,673 1,038,355 -
Six to twelve months 171,250 433,815 -
4,040,479 37,389 3,923,784 37,509
(iii)Warrant liabilities
The following represents an analysis of the maturity of warrant liabilities:
As at As at
October