Company: SINT
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021930
Chunk: 19

Company: Sintx Technologies, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 8
Chunk 19
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business activities. Management believes any liability that may ultimately result from the resolution of these matters will not have
a material adverse effect on the Company’s consolidated financial position, operating results or cash flows.

    15

12.
Leases

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

SINTX

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

The
Company, on behalf of SINTX Armor, leases approximately 10,936 square
feet of office and manufacturing space from which SINTX Armor conducted its operations. This
lease expires in October 2031. Impairment of
operating lease right-of-use assets of $0.7 million
was recorded during 2024 related to Armor exit costs. In October 2025, the Company entered into a sublease agreement for the full 10,936
square foot space, which also expires in October 2031 (totaling approximately $950,000
over the sublease term). The sublease agreement is effective November 1, 2025, and is subject to landlord approval. A more detailed discussion of the new sublease
agreement is set forth in Note 14. Subsequent Events, below.

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 September 30, 2025, operating lease right-of-use assets were approximately $2.5 million, and operating lease liability was approximately
$3.3 million. Non-cash operating lease expense was immaterial during the nine months ended September 30, 2025 and 2024. As of September
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 September 30, 202