Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 70

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 70
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ITEM 18. Financial Statements

The Consolidated Financial Statements and schedules appear on pages F-1 through F-28 of this Annual Report and are incorporated herein by reference. Our audited financial statements as prepared by our management and approved by the Board of Directors include:

Report of Independent Registered Public Accounting Firm (PCAOB ID: 1930)

Consolidated Financial Statements:

Consolidated Statements of Financial Position

Consolidated Statements of Operations and Comprehensive Income (Loss)

Consolidated Statements of Changes in Equity

Consolidated Statements of Cash Flows

Notes to the Consolidated Financial Statements

All the above statements are available on the Company's website atwww. micromeminc. comor under the Company's profile on SEDAR+ at http://www. sedarplus. ca.

Micromem Technologies Inc.

Consolidated Financial Statements

For the years ended October 31, 2024, 2023 and 2022

(Expressed in United States Dollars)

Micromem Technologies Inc.

Consolidated Financial Statements

For the years ended October 31, 2024, 2023 and 2022

(Expressed in United States Dollars)

Contents

  Report of Independent Registered Public Accounting Firm (PCAOB ID: 1930)           1  
  Consolidated Financial Statements:                                                    
  Consolidated Statements of Financial Position                                      4  
  Consolidated Statements of Operations and Comprehensive Loss                       5  
  Consolidated Statements of Changes in Shareholders' Deficiency                     6  
  Consolidated Statements of Cash Flows                                              7  
  Notes to the Consolidated Financial Statements                                8 - 28  

  REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  

To the Board of Directors and Shareholders of Micromem Technologies Inc.

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statements of financial position of Micromem Technologies Inc. (the "Company") as of October 31, 2024 and 2023, and the related consolidated statements of operations and comprehensive loss, changes in shareholders' deficiency, and cash flows for each of the years in the three-year period ended October 31, 2024, and the related notes (collectively referred to as the "consolidated financial statements").

In our opinion, the consolidated financial statements present fairly, in all material respects, the consolidated financial position of the Company as of October 31, 2024 and 2023