Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 12

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 12
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 (in thousands):

Schedule of Components of Inventory

    March 31, 2025  
    December 31, 2024 
  
    Raw materials 
    $560  
    $629 
  
    WIP 
     173  
     182 
  
    Finished goods 
     135  
     156 
  
    Inventory
    net 
    $868  
    $967 

As of March 31, 2025, inventories totaling approximately
$0.4 million and $0.4 million were classified as current and long-term, respectively. Inventories classified as current represent the
carrying value of inventories as of March 31, 2025, that management estimates will be sold or used by March 31, 2026.

    12

5. Fair Value Measurements

Financial Instruments Measured and Recorded at
Fair Value on a Recurring Basis

The Company has issued certain warrants to purchase
shares of common stock, which are considered derivative liabilities because they have certain rights which could require a cash settlement
and are re-measured to fair value at each reporting period in accordance with accounting guidance. Fair value is based on the price that
would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement
date, under a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

    Level 1 -
    quoted market prices for identical assets or liabilities in active markets.

    Level 2 -
    observable prices that are based on inputs not quoted on active markets but corroborated by market data.

    Level 3 -
    unobservable inputs reflecting management’s assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

The Company classifies assets and liabilities measured
at fair value in their entirety based on the lowest level of input that is significant to their fair value measurement. No financial assets
or liabilities (except the derivative liabilities explained above) were measured on a recurring basis as of March 31, 2025, and December
31, 2024. The following tables set forth the financial liabilities measured at fair value on a recurring basis by level within the fair
value hierarchy as of March 31, 2025, and December 31, 2024 (in thousands):

Schedule of Financial Liabilities
Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy

    Fair Value Measurements