Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 47

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 47
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ited:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(1,301) 
    $(2,733)
  
    Net cash used in investing activities 
     (63) 
     (173)
  
    Net cash provided by financing activities 
     4,266  
     5,328 
  
    Net increase in cash 
    $2,902  
    $2,422 

23

Net Cash Used in Operating Activities

Net cash used in operating activities was $1.3 million
during the three months ended March 31, 2025, compared to $2.7 million used during the three months ended March 31, 2024, a decrease of
$1.3 million. The decrease in the net loss from operations, and related non-cash add backs to the net loss, was $1.2 million from 2025
when compared to 2024. The decrease in cash used for operating activities during 2025 was primarily due to the $1.2 million mentioned
above plus changes in the movement of working capital items during 2025 as compared to the same period in 2024 as follows: a $0.3 million
decrease in cash used in prepaid expenses, a $0.2 million decrease in accounts receivable, all offset by a $0.4 million increase in cash
used in accounts payable and accrued liabilities.

Net Cash Used in Investing Activities

Net cash used in investing activities was $0.1 million
during the three months ended March 31, 2025, compared to $0.2 million during the three months ended March 31, 2024, a decrease of $0.1
million. The decrease in cash used in investing activities during 2024 was primarily due to a $0.1 million decrease in purchase of property
and equipment.

Net Cash Provided by Financing Activities

There was $4.3 million in cash provided by financing
activities during the three months ended March 31, 2025, compared to $5.3 million in cash provided by financing activities during the
same period in 2024. The $1.0 million decrease to net cash provided by financing activities was primarily attributable to a decrease in
proceeds from issuance of warrant derivative liabilities of $3.4 million offset by an increase in proceeds from issuance of common stock