Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 103

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 103
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4 2,350,482 679,089 3,029,571
2035 2,656,250 570,901 3,227,151
2036 3,117,259 441,019 3,558,278
2037 2,495,456 232,714 2,728,170
2038 1,687,021 317 1,687,338
2039 1,509,112 - 1,509,112
2040 508,349 - 508,349
2041 880,801 - 880,801
2042 1,250,158 - 1,250,158
2043 1,484,853 - 1,484,853
2044 1,338,776 - 1,338,776
30,127,050 4,450,440 34,577,490
(d)In addition, the Company has available capital loss carryforwards of approximately $1.2million to reduce future taxable capital gains, the benefit of which has not been recognized in these consolidated financial statements. Capital losses carry forward indefinitely.

F-25

Micromem Technologies Inc.

Notes to Consolidated Financial Statements

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

(Expressed in United States dollars, unless otherwise noted)

20. Key management compensation and related party transactions
The Company reports the following related party transactions:
(a)Key management compensation
Key management personnel are persons responsible for planning, directing and controlling activities of the Company, including officers and directors. Compensation paid or payable to these individuals (or companies controlled by such individuals) is summarized as follows:
2024 2023 2022
───────────────────────────────────────────────────────────────────────────────────
Professional, other fees, and salaries $77,823 $214,914 $133,517
Stock-based compensation - 82,946 -
$77,823 $297,860 $133,517
During the year ended October 31, 2024, there were no options awared to key management. During the year ended October 31, 2023, key management were awarded1,340,000options as part of the total3,000,000issued. See note 15.
(b)Trade payables and other liabilities
Included in accounts payable at October 31, 2024 is $28