MMTIF on OTC
MICROMEM TECHNOLOGIES INC
MICROMEM TECHNOLOGIES INC is a Canadian computer programming services company, listed on OTC (MMTIF).1
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Last updated Oct 21, 2026.
Overview
- TickerMMTIF on OTC1
- IndustryServices-Computer Programming Services1
- HeadquartersA61
- Incorporated inOntario, Canada2
- Business address121 Richmond St W, Suite 602, Toronto2
- Filer categoryNon-accelerated filer2
- Legal formCorporation
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Micromem is a corporation formed under the laws of the Province of Ontario, Canada, with principal executive offices at 121 Richmond Street West, Suite 602, Toronto, Ontario M5H 2K1 (416.364.6513). Micromem was incorporated on October 21, 1985 as Mine Lake Minerals Inc. We subsequently changed our name to Avanti Capital Corp. on June 23, 1988, to Avanti Corp International Inc. on April 30, 1992 and to Micromem Technologies Inc. on January 11, 1999 in connection with our acquisition of Pageant Technologies Incorporated, also referred to herein as Pageant International. Our website address is www.micromeminc.com . The information on our website is not part of this Annual Report on Form 20-F. We have included our website address in this document as an inactive textual reference only.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-10-31 | 2024-10-31 | 2023-10-31 |
|---|---|---|---|
| General and administrative | $207.2K | $146.6K | $148.6K |
| Professional, other fees and salaries | $668.1K | $391.4K | $610.1K |
| Stock-based compensation | $0 | $6.5K | $218.0K |
| Travel and entertainment | $92.5K | $37.6K | $63.4K |
| Depreciation of property and equipment | $16.6K | $16.5K | $16.5K |
| Foreign exchange loss (gain) | -$33.4K | -$21.4K | -$62.6K |
| Total operating expenses | $951.1K | $577.3K | $993.9K |
| Accretion expense | $290.2K | $272.5K | $279.8K |
| Interest expense | $614.4K | $604.7K | $540.9K |
| Other finance expenses | $75.1K | $24.2K | $86.4K |
| Loss (gain) on revaluation of warrant liabilities | -$228.6K | $826.4K | $0 |
| Loss (gain) on debt settlement | $78.3K | $118.8K | $0 |
| Impairment of inventory | $126.0K | $0 | $0 |
| Loss (gain) on revaluation of derivative liabilities | -$1.4M | $78.9K | -$658.5K |
| Loss (gain) on conversion of convertible debentures | $9.8K | $45.5K | $21.1K |
| Loss (gain) on repayment of convertible debentures | $5.5K | $62.3K | $27.2K |
| Loss (gain) on extinguishment of convertible debentures | $107.4K | $452.2K | $1.4M |
| Total other expenses (income) | -$282.3K | $2.5M | $1.7M |
| Loss before income tax provision | -$668.7K | -$3.1M | -$2.7M |
| Income tax provision | $0 | $0 | $0 |
| Net loss and comprehensive loss | -$668.7K | -$3.1M | -$2.7M |
| Weighted average number of outstanding shares, basic (in shares) | 594.6M shares | 529.5M shares | 490.3M shares |
| Weighted average number of outstanding shares, diluted (in shares) | 594.6M shares | 529.5M shares | 490.3M shares |
| Loss per share, basic | $0.00 | -$0.01 | -$0.01 |
| Loss per share, diluted | $0.00 | -$0.01 | -$0.01 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 |
|---|---|---|---|---|
| Cash | $250.1K | $125.7K | ||
| Prepaid expenses and other receivables | $22.9K | $141.7K | ||
| Total current assets | $273.0K | $267.4K | ||
| Property and equipment | $35.4K | $15.3K | $32.8K | |
| Total assets | $308.5K | $282.7K | ||
| Trade payables and other liabilities | $264.8K | $336.6K | ||
| Deposit liability | $63.0K | $63.0K | ||
| Current lease liability | $16.9K | $12.0K | ||
| Debenture payable | $37.1K | $37.4K | ||
| Convertible debentures | $4.3M | $3.9M | ||
| Derivative liabilities | $421.4K | $1.6M | ||
| Warrant liabilities | $753.7K | $1.1M | ||
| Total current liabilities | $5.9M | $7.0M | ||
| Non-current lease liability | $13.7K | $0 | ||
| Long-term loan | $46.6K | $44.8K | $43.3K | |
| Total liabilities | $5.9M | $7.0M | ||
| Share capital | $93.5M | $91.7M | ||
| Contributed surplus | $26.1M | $27.3M | ||
| Equity component of convertible debentures | $1.9M | $696.7K | ||
| Accumulated deficit | -$127.1M | -$126.4M | ||
| Total shareholders' deficiency | -$5.6M | -$6.7M | -$4.8M | -$4.7M |
| Total liabilities and shareholders' deficiency | $308.5K | $282.7K |
| Period ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 |
|---|---|---|---|---|
| Cash | $250.1K | $125.7K | ||
| Prepaid expenses and other receivables | $22.9K | $141.7K | ||
| Total current assets | $273.0K | $267.4K | ||
| Property and equipment | $35.4K | $15.3K | $32.8K | |
| Total assets | $308.5K | $282.7K | ||
| Trade payables and other liabilities | $264.8K | $336.6K | ||
| Deposit liability | $63.0K | $63.0K | ||
| Current lease liability | $16.9K | $12.0K | ||
| Debenture payable | $37.1K | $37.4K | ||
| Convertible debentures | $4.3M | $3.9M | ||
| Derivative liabilities | $421.4K | $1.6M | ||
| Warrant liabilities | $753.7K | $1.1M | ||
| Total current liabilities | $5.9M | $7.0M | ||
| Non-current lease liability | $13.7K | $0 | ||
| Long-term loan | $46.6K | $44.8K | $43.3K | |
| Total liabilities | $5.9M | $7.0M | ||
| Share capital | $93.5M | $91.7M | ||
| Contributed surplus | $26.1M | $27.3M | ||
| Equity component of convertible debentures | $1.9M | $696.7K | ||
| Accumulated deficit | -$127.1M | -$126.4M | ||
| Total shareholders' deficiency | -$5.6M | -$6.7M | -$4.8M | -$4.7M |
| Total liabilities and shareholders' deficiency | $308.5K | $282.7K |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.4
| Period ending | 2025-10-31 | 2024-10-31 | 2023-10-31 |
|---|---|---|---|
| Net loss | -$668.7K | -$3.1M | -$2.7M |
| Depreciation of property and equipment | $16.6K | $16.5K | $16.5K |
| Accretion expense | $290.2K | $272.5K | $279.8K |
| Accrued interest | $541.0K | $531.8K | $471.6K |
| Stock-based compensation | $0 | $6.5K | $218.0K |
| Loss (gain) on revaluation of warrant liabilities | -$228.6K | $826.4K | $0 |
| Loss (gain) on debt settlement | $78.3K | $118.8K | $0 |
| Impairment of inventory | $126.0K | $0 | $0 |
| Loss (gain) on revaluation of derivative liabilities | -$1.4M | $78.9K | -$658.5K |
| Loss (gain) on conversion of convertible debentures | $9.8K | $45.5K | $21.1K |
| Loss (gain) on repayment of convertible debentures | $5.5K | $62.3K | $27.2K |
| Loss (gain) on extinguishment of convertible debentures | -$22.0K | $389.0K | $1.4M |
| Foreign exchange loss (gain) | -$31.8K | -$30.5K | -$67.0K |
| Total adjustments to reconcile profit (loss) | -$1.2M | -$745.2K | -$982.1K |
| Prepaid expenses and other receivables | -$7.1K | -$37.7K | -$85.8K |
| Deposit liability | $0 | $0 | $63.0K |
| Trade payables and other liabilities | -$71.8K | $157.0K | -$78.3K |
| Cash flows used in operating activities | -$1.3M | -$625.9K | -$1.1M |
| Purchase of property and equipment | -$2.7K | $0 | -$2.0K |
| Cash flows used in investing activity | -$2.7K | $0 | -$2.0K |
| Principal payments on lease liability | -$16.3K | -$17.4K | -$15.6K |
| Proceeds from private placements of shares and warrants | $926.1K | $631.5K | $535.5K |
| Share issuance costs | -$31.5K | -$24.5K | -$25.6K |
| Proceeds from the exercise of options | $0 | $0 | $214.1K |
| Proceeds from the exercise of warrants | $427.9K | $0 | $0 |
| Proceeds from issuance of convertible debentures | $562.0K | $417.9K | $645.2K |
| Repayments of convertible debentures | -$417.9K | -$287.5K | -$270.0K |
| Cash flows provided by financing activities | $1.5M | $720.0K | $1.1M |
| Net change in cash | $124.4K | $94.1K | -$1.6K |
| Repayment penalties paid (classified in operating activities) | $129.4K | $63.3K | $0 |
| Interest paid on convertible debt (classified in operating activities) | $75.0K | $72.9K | $64.7K |
| Interest converted on convertible debt (classified in operating activities) | $104.5K | $52.8K | $238.9K |
| Interest paid on non-convertible debt (classified in operating activities) | $8.8K | $9.1K | $9.2K |
| Interest on lease liability (classified in operating activities) | $1.0K | $1.8K | $3.3K |
| Carrying amount of convertible debentures converted into common shares | $162.4K | $716.7K | $1.7M |
| Cash issuance costs (classified in operating activities) | $24.6K | $13.3K | $0 |
| Shares issued on settlement of accounts payable & convertible debt | $119.6K | $29.7K | $0 |
| ROU asset and lease liability recognized | $35.0K | $0 | $0 |
No quarter-by-quarter statement was filed.
What it owns
What MICROMEM TECHNOLOGIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | $35.4K4 Oct 31, 2025 | $15.3K4 Oct 31, 2024 | +132.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $250.1K4 Oct 31, 2025 | $125.7K4 Oct 31, 2024 | +99.0% |
Intangibles and goodwill
Leadership
Named in SEC Form D filings
People the company listed in its private-offering notices.
- Executive OfficerDan Amadori named Nov 8, 2021 to Sep 24, 202611
- Executive Officer, DirectorJoseph Fuda named Nov 14, 2022 to Sep 24, 202611
- Executive Officer, DirectorGiuseppe (Joseph) Fuda named Nov 8, 202112
- DirectorAlex Dey named Nov 8, 2021 to Sep 24, 202611
- DirectorOliver Nepomuceno named Nov 8, 2021 to Sep 24, 202611
Filings
107 filings to the SEC since October 2021: 5 annual reports, 13 private raises, 89 other. The latest 20:
- Sep 28, 20266-K EDGAR
- Sep 24, 2026D EDGAR
- Sep 16, 20266-K EDGAR
- Aug 6, 20266-K EDGAR
- Jun 29, 20266-K EDGAR
- Jun 23, 2026D EDGAR
- Jun 23, 20266-K EDGAR
- Jun 18, 20266-K EDGAR
- Jun 1, 20266-K EDGAR
- May 19, 20266-K EDGAR
- May 11, 20266-K EDGAR
- Apr 6, 20266-K EDGAR
- Mar 30, 20266-K EDGAR
- Mar 18, 20266-K EDGAR
- Feb 20, 202620-F EDGAR
- Feb 4, 20266-K EDGAR
- Feb 3, 20266-K EDGAR
- Jan 29, 2026D EDGAR
- Jan 27, 20266-K EDGAR
- Jan 14, 20266-K EDGAR
The 107 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Funding
Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.
- Private raises (Form D) $1.1M
Figures by year
| Year | Private raises (Form D) | Total |
|---|---|---|
| 2026 | $307.7K | $307.7K |
| 2025 | $329.2K | $329.2K |
| 2024 | $239.6K | $239.6K |
| 2023 | $135.0K | $135.0K |
| 2022 | $29.0K | $29.0K |
| 2021 | $39.7K | $39.7K |
Private raises
Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.
- Sep 16, 2026Raised $90,000 in a private offering of equity11 Form D: $268,330 offered in all Form D
- Jun 18, 2026Raised $17,693 in a private offering of equity13 Form D: $53,078 offered in all Form D
- Jan 13, 2026Raised $200,028 in a private offering of equity14 Form D: $440,061 offered in all Form D
- Oct 10, 2025Raised $29,559 in a private offering of equity15 Form D: $61,806 offered in all Form D
- Jun 17, 2025Raised $174,825 in a private offering of equity16 Form D: $378,788 offered in all Form D
- Jan 2, 2025Raised $124,848 in a private offering of equity17 Form D: $249,696 offered in all Form D
- Sep 24, 2024Raised $165,446 in a private offering of equity18 Form D: $441,190 offered in all Form D
- Jul 18, 2024Raised $36,793 in a private offering of equity19 Form D: $98,114 offered in all Form D
- Mar 18, 2024Raised $37,324 in a private offering of equity20 Form D: 2 investors so far Form D
- Dec 28, 2023Raised $45,000 in a private offering of equity21 Form D: 2 investors so far Form D
- Apr 20, 2023Raised $90,000 in a private offering of equity22 Form D: 1 investor so far Form D
- Oct 31, 2022Raised $29,000 in a private offering of securities23 Form D: $500,000 offered in all Form D
- Oct 22, 2021Raised $39,722 in a private offering of securities12 Form D: 2 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Whalerock Point Partners, LLC | 90,000 | $1.9K | 0.0% | No change |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How MICROMEM TECHNOLOGIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARMICROMEM TECHNOLOGIES INC1
- CIK0001085921
- Filer statusNon-accelerated filer not an emerging growth company; not a shell company3
- Incorporated inCanada3
- Fiscal year endsOctober 311
- Industry code (SIC)7371 Services-Computer Programming Services1
- SEC reviewing officeOffice of Technology, Division of Corporation Finance1
- Business address121 Richmond St W, Suite 602, Toronto, On, Ontario, Canada1
- Phone416-364-65131
- Shares outstanding616,090,414 shares as of Oct 31, 20253
- AuditorMNP LLP, Toronto, Canada PCAOB ID 1930; no auditor attestation of internal control over financial reporting3
- On EDGAR sinceMay 7, 19991
- Filings708 in all: 6-K (600), D (29), 20-F (24), CORRESP (7), 20-F/A (6), S-8 (6), 20FR12G/A (5), 6-K/A (5)1
All 18 form types
UPLOAD (5), D/A (4), NT 20-F (4), F-3/A (3), RW (3), 20FR12G (2), F-3 (2), 40-F (1), 8-A12G (1), NT 10-Q (1)
- Latest filingsAnnual report (20-F) Feb 20, 2026
Sources
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