Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 2

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 2
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 December 31, 2024, filed with the SEC on March 19, 2025. The results of operations for the three months ended
March 31, 2025, are not necessarily indicative of the results to be expected for the year ending December 31, 2025. The Company’s
significant accounting policies are set forth in Note 1 to the consolidated financial statements in its Annual Report on Form 10-K for
the year ended December 31, 2024.

    7

Reverse Stock Split

On May 28, 2024, the Company effected a 1 for 200
reverse stock split of the Company’s common stock. The par value and the authorized shares of the common and preferred stock were
not adjusted as a result of the reverse stock split. All common stock shares, equivalents, and per-share amounts for all periods presented
in these consolidated financial statements have been adjusted retroactively to reflect the reverse stock split.

Use of Estimates

The preparation of condensed consolidated financial
statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets
and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and
the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. As of March 31, 2025,
the most significant estimate relates to derivative liabilities relating to common stock warrants.

Liquidity and Capital Resources

The condensed consolidated financial statements have
been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement
of liabilities in the normal course of business, and does not include any adjustments to reflect the possible future effects on the recoverability
and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability
to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements.

For the three months ended March 31, 2025, and 2024,
the Company incurred a net loss of $2.3 million and $0.9 million, respectively, and used cash in operating activities of $1.3 million
and $2.7 million, respectively. The Company had an accumulated deficit of $284 million and $282 million as of March 31, 2025, and December
31, 2024, respectively. We will require substantial future capital in order to continue operating our business,