Company: SINT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010496
Chunk: 20

Company: Sintx Technologies, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 20
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. The expected term was contractual life of option. The risk-free interest rate was based on the U.S. Treasury yield curve
in effect at the time of grant for the expected term of the option

Of the 50,034 options outstanding as of March 31,
2025, 50,018 were awarded to non-executive members of the board of directors.

Unrecognized stock-based compensation as of March
31, 2025, is as follows (in thousands):

Schedule of Unrecognized Stock-based Compensation

    Weighted Average 

    Unrecognized Stock-Based  
    Remaining of Recognition 

    Compensation  
    (in years) 
  
    Stock options 
    $-  
     - 
  
    Stock grants 
    $125  
     2.7 

10. Commitments and Contingencies

The Company has executed agreements with certain executive
officers of the Company which, upon the occurrence of certain events related to a change in control, call for payments to the executives
up to three times their annual salary and accelerated vesting of previously granted stock options.

From time to time, the Company is subject to various
claims and legal proceedings covering matters that arise in the ordinary course of its business activities. Management believes any liability
that may ultimately result from the resolution of these matters will not have a material adverse effect on the Company’s consolidated
financial position, operating results or cash flows.

    17

11. Leases

The Company has entered into multiple operating leases
from which it conducts its business.

SINTX

With respect to SINTX operations, the Company leases
30,764 square feet of office, warehouse and manufacturing space under a single operating lease. This lease expires in October 2031. The
lease has one five-year extension option.

SINTX Armor

On August 19, 2021, the Company, on behalf of SINTX
Armor, entered into an Industrial Lease Agreement (the “SINTX Armor Lease”) pursuant to which the Company has agreed to lease
approximately 10,936 square feet of office and manufacturing space from which SINTX Armor will conduct its operations. The term of the
SINTX Armor Lease is 122 months through October 2031. Impairment of operating lease right-of-use assets of $0.7 million was recorded during
2024 related to Armor exit costs, and is included in Armor exit costs in the statement of operations.

TA&T

In connection with