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

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 10
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ethon all of the issued and outstanding shares of TA&T in exchange for the assumption by Tethon of the outstanding liabilities
of TA&T. The disposal did not represent a strategic shift that will have a major effect on the Company’s operations and financials
and, therefore, did not qualify for discontinued operations treatment under ASC 205-20.

The following table summarizes the carrying amounts
of the major classes of assets and liabilities of TA&T at the date of sale that were transferred to the Tethon:

Schedule of Major Classes of Assets
and Liabilities of TA & T at the Date of Sale

    February 19, 2025 
  
    Cash and cash equivalents 
    $4 
  
    Inventories 
     8 
  
    Accounts receivable 
     91 
  
    Right of use asset 
     376 
  
    Property and equipment, net 
     248 
  
    Other assets 
     16 
  
    Total assets sold 
     743 
  
    Accounts payable 
     (26)
  
    Accrued expenses 
     (275)
  
    Operating lease liability 
     (384)
  
    Other liabilities 
     (34)
  
    Total liabilities assumed 
     (719)
  
    Net assets sold 
    $24 

No consideration was paid other than the assumption
by Tethon of the above liabilities. No significant transaction costs were incurred. No earnout or other contingent consideration arrangements
were included in the Agreement.

    11

The representations, warranties and covenants contained
in the Agreement were made only for purposes of the Agreement and as of specified dates, were solely for the benefit of the parties to
the Agreement and may be subject to limitations agreed upon by the contracting parties, including being qualified by confidential disclosures
exchanged between the parties in connection with the execution of the Agreement. The representations and warranties have been made for
the purpose of allocating contractual risk between the parties to the Agreement instead of establishing these matters as facts and may
be subject to a contractual standard of materiality different from what might be viewed as material to investors. Investors should not
rely on the representations, warranties and covenants or any description thereof as characterizations of the actual state of facts or
condition of the Company or Tethon. Moreover, information concerning the subject matter of the representations, warranties and covenants
may change after the date of the Agreement, which subsequent information may or may not be fully