Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 21

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 21
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 the disposition of TA&T, the lease facilities, including
right of use assets and lease liabilities, were transferred to Tethon (see Note 2).

Leases with an initial term of 12 months or less are
not recorded on the balance sheet. Lease expense is recognized on a straight-line basis over the term of the lease. The Company accounts
for lease components separately from the non-lease components. The depreciable life of the assets and leasehold improvements are limited
by the expected lease term.

As of March 31, 2025, the operating lease right-of-use
assets totaled approximately $2.7 million, and the operating lease liability totaled approximately $3.5 million. Non-cash operating lease
expense during the three months ended March 31, 2025 and 2024, totaled approximately $0.1 and $0.2 million, respectively. As of March
31, 2025, the weighted-average discount rate for the Company’s operating lease was 8.8%.

Operating lease future minimum payments together with
the present values as of March 31, 2025, are summarized as follows:

Schedule of Operating Lease Future
Minimum Payments

    Years Ending December 31, 

    2025 
    $487 
  
    2026 
     668 
  
    2027 
     688 
  
    2028 
     709 
  
    2029 
     730 
  
    Thereafter 
     1,395 
  
    Total future minimum lease payments 
     4,677 
  
    Less amounts representing interests 
     (1,172)
  
    Present value of lease liability 
     3,505 

    Current-portion of operating lease liability 
     359 
  
    Long-term portion operating lease liability 
    $3,146 

12. Subsequent Events

New Board of Directors

The Board of Directors of the Company appointed Jay
M. Moyes, Robert D. Mitchell, Mark Anderson, Chris Lyons and Gregg Honigblum to the Board of Directors of the Company, effective April
3, 2025. Messrs. Moyes, Mitchell, Anderson, Lyons and Honigblum will serve until his respective successor has been duly elected or qualified.
Mr. Moyes was appointed to Chair of the Audit Committee and a member of the Compensation Committee and Nominating and Governance Committee.
Mr. Mitchell was appointed to Chair of the N