Company: SINT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024040
Chunk: 5

Company: Sintx Technologies, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 5
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 31, 2024. This charge primarily relates to the write-down of certain long-lived
assets associated with the armor plant to their estimated fair value.

As
explained in Note 2, on February 19, 2025, the Company 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 TA&T
in exchange for the assumption by Tethon of the outstanding liabilities of TA&T.

As
a result of these uncertainties, management has concluded that substantial doubt exists about the Company’s
ability to continue as a going concern for 12 months from the date these condensed consolidated financial statements are issued. The condensed consolidated
financial statements do not include any adjustments that might result from the outcome of these uncertainties.

    9

Recent
Accounting Pronouncements 

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 by individual jurisdictions in which income taxes paid (net of refunds received) is equal
to or greater than 5% of total income taxes paid (net of refunds received); (v) annual disclosure of income (or loss) from continuing
operations before income tax expense (or benefit) disaggregated between domestic and foreign; and (vi) annual disclosure of income tax
expense (or benefit) from continuing operations disaggregated by federal (national), state, and foreign. For public entities, the guidance
is effective for annual periods beginning after December 15, 2024. The