Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 49

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 2
Chunk 49
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, the FASB issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to
Reportable Segment Disclosures, which improves reportable segment disclosure requirements, primarily through enhanced disclosures about
significant segment expenses. The standard is effective for full year 2024 reporting, and for interim reporting beginning in 2025. The
adoption of this ASU did not change the way the Company evaluates its reportable segments and, as a result, did not have a material impact
on the Company’s segment-related disclosures.

The
Company operates as one operating segment.  Operating segments are defined as components of an entity for which separate financial
information is regularly evaluated by the chief operating decision maker (“CODM”), which is the Company’s Chief Executive Officer,
in deciding how to allocate resources and assess performance.  The Company’s CODM evaluates financial information and resources
and assesses the performance of these resources on a consolidated basis.  There is no expense or asset information that is supplemental
to information disclosed within the consolidated financial statements, that is regularly provided to the CODM.  The allocation
of resources and assessment of performance of the operating segment is based on consolidated net loss and functional expenses as reported
on our consolidated statements of operations and comprehensive loss.  Because the Company operates as one operating segment, financial
segment information, including expense and asset information, can be found in the consolidated financial statements.

ASU
2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures

In
December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures” on the topic
of income taxes. The standard requires additional disclosure for income taxes. These requirements include: (i) requiring a public entity
to disclose specific categories in the rate reconciliation; (ii) disclosure of additional information for reconciling items that meet
a quantitative threshold (if the effect of those reconciling items is equal to or greater than 5% of the amount computed by multiplying
pretax income or loss by the applicable statutory income tax rate); (iii) annual disclosure of the amount of income taxes paid (net of
refunds received) disaggregated by federal (national), state, and foreign taxes; (iv) annual disclosure of the amount of income taxes
paid (net of refunds received) disaggregated