Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 31

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 31
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2025 as compared to the same period in 2024 as follows: a $0.3 million
decrease in cash used in prepaid expenses, a $0.2 million decrease in accounts receivable, all offset by a $0.4 million increase in cash
used in accounts payable and accrued liabilities.

Net Cash Used in Investing Activities

Net cash used in investing activities was $0.1 million
during the three months ended March 31, 2025, compared to $0.2 million during the three months ended March 31, 2024, a decrease of $0.1
million. The decrease in cash used in investing activities during 2024 was primarily due to a $0.1 million decrease in purchase of property
and equipment.

Net Cash Provided by Financing Activities

There was $4.3 million in cash provided by financing
activities during the three months ended March 31, 2025, compared to $5.3 million in cash provided by financing activities during the
same period in 2024. The $1.0 million decrease to net cash provided by financing activities was primarily attributable to a decrease in
proceeds from issuance of warrant derivative liabilities of $3.4 million offset by an increase in proceeds from issuance of common stock
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