Company: CMND
Filing Date: 2025-01-22
Form Type: 20-F
Source: 0001213900-25-005490
Chunk: 245

Company: Clearmind Medicine Inc.
Filing Date: 2025-01-22
Form: 20-F
Item: Item 19
Chunk 245
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 as a going concern.

  Cash and Cash Equivalents  

The
Company considers all highly liquid instruments with a maturity of three months

  Provisions  

Provisions
are recognized where a legal or constructive obligation has been incurred as a result of past events; it is probable that an outflow
of resources embodying economic benefit will be required to settle the obligation; and a reliable estimate of the amount of the obligation
can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation.

  Intangible Assets  

Intangible
assets consist of patents and patent applications acquired to be used in drug research programs. Intangible assets are carried at cost
less accumulated amortization and impairment losses and are capitalized when the costs can be measured reliably, and it is probable that
future economic reliably benefits that are attributable to the asset will flow to the Company. The Company amortizes patents over the
term of the patent.

F-11

CLEARMIND
MEDICINE INC.

Notes to
the Consolidated Financial Statements

(Expressed
in United States Dollars)

  Material                         

  Financial Instruments  

Financial
assets and financial liabilities are recognized when the Company becomes a party to the contractual provisions of the respective instrument.

Financial
assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition
or issuance of financial assets and financial liabilities (other than financial assets and financial liabilities at FVTPL) are included
in the initial carrying value of the related instrument and are amortized using the effective interest method. Transaction costs directly
attributable to the acquisition of financial assets or financial liabilities at FVTPL are recognized immediately in the consolidated
statement of operations and comprehensive loss.

Financial
assets

The
classification of financial assets depends on the nature and purpose of the financial assets and is determined at the time of initial
recognition.

Financial
assets at FVTPL

Financial
assets are classified as FVTPL when the financial asset is either held for trading or it is designated as FVTPL. A financial asset is
classified as held for trading if:

  it                                                                                

  on                                                                                          

Financial
assets at amortized cost

Financial
assets at amortized cost are non-derivative financial assets which are held within a business model whose objective is to hold assets
to collect contractual cash flows and its contractual terms give rise on specified dates to cash flows that are solely payments of principal
and interest on the principal amount outstanding.