Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 100

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 100
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2

(Expressed in United States dollars, unless otherwise noted)

16. Operating expenses
(a)General and administration
The components of general and administration expenses are as follows:
Notes 2024 2023 2022
──────────────────────────────────────────────────────────────────────────────────────────────────
General and administration $ 42,113 70,584 59,938
Rent and occupancy 10 (b) 18,514 17,663 50,907
Office insurance 1,986 1,930 1,696
Investor relations, listing and filing fees 77,535 52,756 64,769
Telephone 6,488 5,683 8,056
$ 146,636 148,616 185,366
(b)Professional, other fees and salaries
The components of professional, other fees and salaries expenses are as follows:
2024 2023 2022
────────────────────────────────────────────────────────────────
Professional fees 98,412 144,244 110,933
Consulting fees 40,977 67,664 69,563
Salaries and benefits 252,017 398,144 467,214
391,406 610,052 647,710

17. Loss per share
Basic and diluted loss per share are calculated using the following numerators and denominators:
2024 2023 2022
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Numerator
Net loss attributable to common shareholders and used in computation of basic and diluted loss per share ( 3,062,798 ( 2,691,670 ( 2,287,095
Denominator
Weighted average number of common shares for computation of basic and diluted loss per share 529,474,454 490,310,376 451,177,796
For the years ended October 31, 2024, 2023 and 2022, all stock options, warrants and conversion features were anti-dilutive and, therefore, are excluded from the calculation of diluted loss per share.

18. Supplemental cash flow information

The following provides a reconciliation of the cash flows from convertible debentures and derivative liabilities :

Years ended October 31,
2024 2023 2022
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Balance - beginning of year