Company: SINT
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021930
Chunk: 5

Company: Sintx Technologies, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 5
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 by federal (national), state, and foreign taxes; (iv) annual disclosure of the amount of income taxes
paid (net of refunds received) disaggregated by individual jurisdictions in which income taxes paid (net of refunds received) is equal
to or greater than 5% of total income taxes paid (net of refunds received); (v) annual disclosure of income (or loss) from continuing
operations before income tax expense (or benefit) disaggregated between domestic and foreign; and (vi) annual disclosure of income tax
expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. For public entities, the guidance
is effective for annual periods beginning after December 15, 2024. The Company will adopt this guidance in fiscal 2025 and is in
the process of evaluating the new requirements. As a result, the Company has not yet determined the impact this new ASU will have on
its disclosures.

ASU
2024-03, Income Statement—Reporting Comprehensive Income (Topic 220): Disaggregation of Income Statement Expenses

In
November 2024, the FASB issued ASU No. 2024-03, “Income Statement—Reporting Comprehensive Income (Topic 220): Disaggregation
of Income Statement Expenses,” which requires public business entities, such as the Company, to provide disaggregated disclosure
of specific natural expense categories underlying certain income statement expense line items in the notes to the financial statements.
The standard identifies five required natural expense categories for disaggregation—employee compensation, depreciation, amortization,
inventory expense, and other manufacturing expenses—along with a residual “other” category for remaining amounts within
relevant expense captions (e.g., cost of sales, selling, general and administrative expenses). ASU 2024-03 does not alter the expense
captions presented on the face of the income statement but enhances footnote disclosures to improve transparency. The standard is effective
for annual periods beginning after December 15, 2026, with early adoption permitted, and must be applied prospectively, though retrospective
application is optional. An update in ASU 2025-01 clarified that interim period disclosures are not required until annual periods beginning
after December 15, 2027. The Company is in the process of evaluating the impact of ASU 2024-03 on its consolidated financial statements.
We expect adoption to necessitate modifications to our financial reporting processes and systems to capture and disclose the required
dis