Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 48

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 48
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of $2.4 million.

Indebtedness

Insurance Premium Finance Arrangements

In June 2024, in connection with securing commercial liability insurance,
we entered into a Premium Finance Arrangement to extend the premium payment out for a period of 10 months. We paid a total of $26,000
up front toward the insurance premium and financed approximately $117,000. The Premium Finance Agreement bore interest at an annual percentage
rate of 8.75%. The loan was paid in full during the first quarter of 2025 and there was no outstanding balance at March 31, 2025.

In March 2025, in connection with securing Director and Officer professional
liability insurance, we entered into a Premium Finance Arrangement to extend the premium payment out for a period of 10 months. We paid
a total of $26,000 up front toward the insurance premium and financed approximately $145,000. We will make 10 equal payments under the
terms of the Premium Finance Agreement. The Premium Finance Agreement bears interest at an annual percentage rate of 7.450%.

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements,
as defined in Item 303(a)(4) of Regulation S-K.

24

Critical Accounting Policies and Estimates

A summary of our significant accounting
policies and estimates is discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations and
in Note 1 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2024. There
have been no material changes to those policies for the three months ended March 31, 2025. The preparation of the consolidated financial
statements in accordance with U.S. generally accepted accounting principles requires us to make judgments, estimates and assumptions
regarding uncertainties that affect the reported amounts of
assets and liabilities. Significant areas of uncertainty that require judgments, estimates and assumptions include the accounting for
income taxes and other contingencies as well as valuation of derivative liabilities, asset impairment and collectability of accounts
receivable. We use historical and other information that we consider to be relevant to make these judgments and estimates. However, actual
results may differ from those estimates and assumptions that are used to prepare our condensed consolidated financial statements.

Recent
Accounting Pronouncements 

ASU
2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures

In
November 2023