Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
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Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 3
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ITEM 3.KEY INFORMATION

A.[Reserved]

Selected Financial Data for Fiscal 2024, 2023, 2022, 2021 and 2020

The following table sets forth our selected consolidated financial data in United States dollars as of and for each of the fiscal years ended October 31, 2024, October 31, 2023, October 31, 2022, October 31, 2021 and October 31, 2020. The selected consolidated financial data has been derived from our audited consolidated financial statements. All information contained in the following table should be read in conjunction with our audited consolidated financial statements and the notes thereto in "Item 18-Financial Statements" and "Item 5 - Operating and Financial Review and Prospects" included elsewhere in this Annual Report on Form 20-F.

Our consolidated financial statements for the years ended October 31, 2024, 2023, 2022, 2021 and 2020 have been prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS").

Selected balance sheet information

(all amounts in U. S. dollars)

                                           2024             2023             2022             2021             2020  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Working Capital (deficiency)      (6,693,448)      (4,818,699)      (4,722,878)      (3,452,924)      (4,202,571)  
  Property & Equipment                   15,272           32,767           48,092           26,012           49,249  
  Total Assets                          282,713          168,350           99,519          225,293          278,026  
  Share Capital                      91,678,279       90,471,712       87,784,725       86,815,836       85,463,642  
  Shareholders' Deficiency          (6,722,982)      (4,841,204)      (4,748,000)      (3,471,278)      (4,187,342)  

Selected statement of operations and deficit information

(all amounts in U. S. dollars)

                                                                  2024      2023             2022             2021             2020