Company: MMTIF
Filing Date: 2025-02-28
Form Type: 20-F
Source: 0001062993-25-003888
Chunk: 85

Company: MICROMEM TECHNOLOGIES INC
Filing Date: 2025-02-28
Form: 20-F
Item: Item 18
Chunk 85
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 the effective date, and does not anticipate any material impacts on adoption.

6. Patents

As at As at
November 1, October 31,
2023 Additions Disposals 2024
Cost 681,288 - - 681,288
Accumulated amortization 681,288 - - 681,288
Net book value - - - -
As at As at
November 1, October 31,
2022 Additions Disposals 2023
Cost 681,288 - - 681,288
Accumulated amortization 681,288 - - 681,288
Net book value - - - -

The Company holds several patents in the United States for its Multimodal Fluid Condition Sensor Platform. The patents are fully amortized as at October 31, 2024 and 2023.

F-14

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)

7. Property and equipment
As at As at
November 1, October 31,
2023 Additions Foreign exchange 2024
Cost
Computers 9,510 - - $ 9,510
Right-of-use assets 48,408 - - 48,408
57,918 - - 57,918
Accumulated depreciation
Computers 4,981 1,289 70 $ 6,340
Right-of-use assets 20,170 15,203 933 36,306
25,151 16,492 1,003 42,646
Net book value 32,767 $ 15,272
As at As at
November 1, October 31,
2022 Additions Foreign exchange 2023
Cost
Computers 7,466 2,044 - $ 9,510
Right-of-use assets 48,408 - - 48,408
55,874 2,044 - 57,918
Accumulated depreciation
Computers 3,748 1,148 85 4,981
Right-of-use assets 4,034 15,344 792 20,170
7,782 16,492 877 25,151
Net book value 48,092 $ 32,767

8. Debenture payable