$MMTIF

MICROMEM TECHNOLOGIES INC

CIK:0001085921|SEC Filings

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Oct. 31, 2025	Oct. 31, 2024	Oct. 31, 2023
Operating expenses
General and administrative	$ 207,217	$ 146,636	$ 148,616
Professional, other fees and salaries	668,122	391,406	610,052
Stock-based compensation	0	6,517	217,965
Travel and entertainment	92,516	37,631	63,360
Depreciation of property and equipment	16,618	16,492	16,492
Foreign exchange loss (gain)	(33,418)	(21,404)	(62,613)
Total operating expenses	951,055	577,278	993,872
Other expenses (income)
Accretion expense	290,208	272,501	279,834
Interest expense	614,439	604,664	540,929
Other finance expenses	75,124	24,227	86,352
Loss (gain) on revaluation of warrant liabilities	(228,625)	826,393	0
Loss (gain) on debt settlement	78,345	118,784	0
Impairment of inventory	126,000	0	0
Loss (gain) on revaluation of derivative liabilities	(1,360,463)	78,915	(658,503)
Loss (gain) on conversion of convertible debentures	9,821	45,535	21,120
Loss (gain) on repayment of convertible debentures	5,484	62,253	27,243
Loss (gain) on extinguishment of convertible debentures	107,361	452,248	1,400,823
Total other expenses (income)	(282,306)	2,485,520	1,697,798
Loss before income tax provision	(668,749)	(3,062,798)	(2,691,670)
Income tax provision	0	0	0
Net loss and comprehensive loss	$ (668,749)	$ (3,062,798)	$ (2,691,670)
Weighted average number of outstanding shares, basic (in shares)	594,562,871	529,474,454	490,310,376
Weighted average number of outstanding shares, diluted (in shares)	594,562,871	529,474,454	490,310,376
Loss per share, basic	$ 0	$ (0.01)	$ (0.01)
Loss per share, diluted	$ 0	$ (0.01)	$ (0.01)

Consolidated Statements of Cash Flows	12 Months Ended
Consolidated Statements of Cash Flows	Oct. 31, 2025 USD ($)	Oct. 31, 2024 USD ($)	Oct. 31, 2023 USD ($)
Operating activities
Net loss	$ (668,749)	$ (3,062,798)	$ (2,691,670)
Items not affecting cash:
Depreciation of property and equipment	16,618	16,492	16,492
Accretion expense	290,208	272,501	279,834
Accrued interest	541,030	531,797	471,596
Stock-based compensation	0	6,517	217,965
Loss (gain) on revaluation of warrant liabilities	(228,625)	826,393	0
Loss (gain) on debt settlement	78,345	118,784	0
Impairment of inventory	126,000	0	0
Loss (gain) on revaluation of derivative liabilities	(1,360,463)	78,915	(658,503)
Loss (gain) on conversion of convertible debentures	9,821	45,535	21,120
Loss (gain) on repayment of convertible debentures	5,484	62,253	27,243
Loss (gain) on extinguishment of convertible debentures	(21,994)	388,985	1,400,823
Foreign exchange loss (gain)	(31,781)	(30,539)	(67,031)
Total adjustments to reconcile profit (loss)	(1,244,106)	(745,165)	(982,131)
Net changes in non-cash working capital:
Prepaid expenses and other receivables	(7,132)	(37,737)	(85,799)
Deposit liability	0	0	63,000
Trade payables and other liabilities	(71,769)	156,978	(78,290)
Cash flows used in operating activities	(1,323,007)	(625,924)	(1,083,220)
Investing activity
Purchase of property and equipment	(2,729)	0	(2,044)
Cash flows used in investing activity	(2,729)	0	(2,044)
Financing activities
Principal payments on lease liability	(16,333)	(17,381)	(15,609)
Proceeds from private placements of shares and warrants	926,083	631,456	535,525
Share issuance costs	(31,515)	(24,520)	(25,586)
Proceeds from the exercise of options	0	0	214,140
Proceeds from the exercise of warrants	427,859	0	0
Proceeds from issuance of convertible debentures	562,000	417,950	645,151
Repayments of convertible debentures	(417,915)	(287,460)	(270,000)
Cash flows provided by financing activities	1,450,179	720,045	1,083,621
Net change in cash	124,443	94,121	(1,643)
Cash - beginning of period	125,705	31,584	33,227
Cash - end of period	250,148	125,705	31,584
Supplemental cash flow information
Repayment penalties paid (classified in operating activities)	129,355	63,263	0
Interest paid on convertible debt (classified in operating activities)	75,010	72,867	64,679
Interest converted on convertible debt (classified in operating activities)	104,541	52,772	238,859
Interest paid on non-convertible debt (classified in operating activities)	8,828	9,081	9,170
Interest on lease liability (classified in operating activities)	1,044	1,820	3,323
Carrying amount of convertible debentures converted into common shares	162,366	716,674	1,742,226
Cash issuance costs (classified in operating activities)	24,558	13,326	0
Shares issued on settlement of accounts payable & convertible debt	119,615	29,687	0
ROU asset and lease liability recognized	$ 34,972	$ 0	$ 0

Consolidated Statements of Financial Position - USD ($)	Oct. 31, 2025	Oct. 31, 2024
Current
Cash	$ 250,148	$ 125,705
Prepaid expenses and other receivables	22,868	141,736
Total current assets	273,016	267,441
Property and equipment	35,445	15,272
Total assets	308,461	282,713
Current
Trade payables and other liabilities	264,806	336,575
Deposit liability	63,000	63,000
Current lease liability	16,870	11,980
Debenture payable	37,119	37,389
Convertible debentures	4,294,559	3,853,273
Derivative liabilities	421,409	1,570,675
Warrant liabilities	753,660	1,087,997
Total current liabilities	5,851,423	6,960,889
Non-current lease liability	13,683	0
Long-term loan	46,621	44,806
Total liabilities	5,911,727	7,005,695
Shareholders' Deficiency
Share capital	93,467,444	91,678,279
Contributed surplus	26,086,012	27,288,183
Equity component of convertible debentures	1,898,142	696,671
Accumulated deficit	(127,054,864)	(126,386,115)
Total shareholders' deficiency	(5,603,266)	(6,722,982)
Total liabilities and shareholders' deficiency	$ 308,461	$ 282,713