Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 30

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 30
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 selling securities in a public primary offering with a value exceeding one-third of our public float (the market value of our common
stock held by our non-affiliates) in any 12-month period so long as our public float remains below $75.0 million. As of December 31, 2024,
there was no capacity to offer and sell Shares under the ATM Agreement.

On February 19, 2025, we entered into an Entity Acquisition
Agreement (the “Agreement”) with Tethon Corporation (“Tethon”), pursuant to which the Company sold to Tethon all
of the issued and outstanding shares of Technology Assessment and Transfer, Inc. (“TA&T”), a wholly owned subsidiary of
the Company, in exchange for the assumption by Tethon of the outstanding liabilities of TA&T (the “Sale”).

Based on the decrease in expenditures from the reduction
in force and the increase in cash on February 20, 2025, SINTX management has determined that there is no uncertainty
of the Company’s ability to continue as a going concern through at least March 31, 2026.

Cash Flows

The following table summarizes, for the periods indicated,
cash flows from operating, investing and financing activities (in thousands) – unaudited:

    Three Months Ended March 31, 

    2025  
    2024 
  
    Net cash used in operating activities 
    $(1,301) 
    $(2,733)
  
    Net cash used in investing activities 
     (63) 
     (173)
  
    Net cash provided by financing activities 
     4,266  
     5,328 
  
    Net increase in cash 
    $2,902  
    $2,422 

23

Net Cash Used in Operating Activities

Net cash used in operating activities was $1.3 million
during the three months ended March 31, 2025, compared to $2.7 million used during the three months ended March 31, 2024, a decrease of
$1.3 million. The decrease in the net loss from operations, and related non-cash add backs to the net loss, was $1.2 million from 2025
when compared to 2024. The decrease in cash used for operating activities during 2025 was primarily due to the $1.2 million mentioned
above plus changes in the movement of working capital items during