Company: SINT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024040
Chunk: 18

Company: Sintx Technologies, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 18
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ases

The
Company has entered into multiple operating leases from which it conducts its business.

SINTX

With
respect to SINTX operations, the Company leases 30,764 square feet of office, warehouse and manufacturing space under a single operating
lease. This lease expires in October 2031. The lease has one five-year extension option.

SINTX
Armor

On
August 19, 2021, the Company, on behalf of SINTX Armor, entered into an Industrial Lease Agreement (the “SINTX Armor Lease”)
pursuant to which the Company has agreed to lease approximately 10,936 square feet of office and manufacturing space from which SINTX
Armor will conduct its operations. The term of the SINTX Armor Lease is 122 months through October 2031. Impairment of operating lease
right-of-use assets of $0.7 million was recorded during 2024 related to Armor exit costs.

TA&T

In
connection with the disposition of TA&T, the lease facilities, including right of use assets and lease liabilities, were transferred
to Tethon (see Note 2).

Leases
with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense is recognized on a straight-line basis
over the term of the lease. The Company accounts for lease components separately from the non-lease components. The depreciable life
of the assets and leasehold improvements are limited by the expected lease term.

As
of June 30, 2025, operating lease right-of-use assets were approximately $2.6 million, and operating lease liability was approximately
$3.4 million. Non-cash operating lease expense during the six months ended June 30, 2025 and 2024, was approximately $0.2 million and
$0.3 million, respectively. As of June 30, 2025, the weighted-average discount rate for the Company’s operating lease was 8.8%.

Operating
lease future minimum payments together with the present values as of June 30, 2025, are summarized as follows (in thousands):

 Schedule of Operating Lease Future
Minimum Payments

    Years Ending December 31, 

    2025 (Remainder) 
    $326 
  
    2026 
     668 
  
    2027 
     688 
  
    2028 
     709 
  
    2029