0001493152-21-011330.txt : 20210513 0001493152-21-011330.hdr.sgml : 20210513 20210513165425 ACCESSION NUMBER: 0001493152-21-011330 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 62 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210513 DATE AS OF CHANGE: 20210513 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sintx Technologies, Inc. CENTRAL INDEX KEY: 0001269026 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33624 FILM NUMBER: 21920484 BUSINESS ADDRESS: STREET 1: 1885 WEST 2100 STREET CITY: SALT LAKE CITY STATE: UT ZIP: 84119 BUSINESS PHONE: 801-839-3516 MAIL ADDRESS: STREET 1: 1885 WEST 2100 STREET CITY: SALT LAKE CITY STATE: UT ZIP: 84119 FORMER COMPANY: FORMER CONFORMED NAME: AMEDICA Corp DATE OF NAME CHANGE: 20121231 FORMER COMPANY: FORMER CONFORMED NAME: AMEDICA CORP DATE OF NAME CHANGE: 20031104 10-Q 1 form10-q.htm

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

 

FORM 10-Q

 

 

 

(Mark One)

[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended March 31, 2021

 

OR

 

[  ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

Commission File Number 001-33624

 

 

 

SINTX Technologies, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   84-1375299
(State or other jurisdiction   (IRS Employer
of incorporation or organization)   Identification No.)

 

1885 West 2100 South, Salt Lake City, UT   84119
(Address of principal executive offices)   (Zip Code)

 

(801) 839-3500

(Registrant’s telephone number, including area code)

 

 

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbols   Name of each exchange on which registered
Common Stock   SINT   The NASDAQ Capital Market

 

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days: Yes [X] No [  ]

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files); Yes [X] No [  ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act:

 

Large accelerated filer [  ] Accelerated filer [  ]
       
Non-accelerated filer [  ] Smaller reporting company [X]
       
    Emerging growth company [  ]

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act): Yes [  ] No [X]

 

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

 

24,684,574 shares of common stock, $0.01 par value, were outstanding at May 10, 2021.

 

 

 

 
 

 

SINTX Technologies, Inc.

Table of Contents

 

Part I. Financial Information  
Item 1. Financial Statements  
Condensed Consolidated Balance Sheets (unaudited) 3
Condensed Consolidated Statements of Operations (unaudited) 4
Condensed Consolidated Statements of Stockholders’ Equity (unaudited) 5
Condensed Consolidated Statements of Cash Flows (unaudited) 6
Notes to Condensed Consolidated Financial Statements (unaudited) 7
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations 17
Item 3. Quantitative and Qualitative Disclosures About Market Risk 23
Item 4. Controls and Procedures 23
Part II. Other Information  
Item 1. Legal Proceedings 24
Item 1A. Risk Factors 24
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 24
Item 3. Defaults Upon Senior Securities 24
Item 4. Mine Safety Disclosures 24
Item 5. Other Information 24
Item 6. Exhibits 25
Signatures 26

 

2
 

 

SINTX Technologies, Inc.

Condensed Consolidated Balance Sheets - Unaudited

(in thousands, except share and per share data)

 

   March 31,
2021
   December 31,
2020
 
         
Assets          
Current assets:          
Cash and cash equivalents  $23,471   $25,351 
Account and other receivables, net of allowance   67    41 
Prepaid expenses and other current assets   798    243 
Inventories   108    99 
Note receivable   1,316    1,856 
Total current assets   25,760    27,590 
           
Inventories   407    388 
Property and equipment, net   629    471 
Intangible assets, net   35    36 
Operating lease right of use asset   1,819    1,926 
Other long-term assets   35    36 
Total assets  $28,685   $30,447 
           
Liabilities and Stockholders’ Equity          
Current liabilities:          
Accounts payable  $397   $194 
Accrued liabilities   1,086    909 
Current portion of long-term debt   1    109 
Derivative liabilities   1,285    1,238 
Current portion of operating lease liability   413    403 
Other current liabilities   23    26 
Total current liabilities   3,205    2,879 
           
Operating lease liability, net of current portion   1,369    1,477 
Long term debt, net of current portion   513    287 
Total liabilities   5,087    4,643 
           
Commitments and Contingencies          
           
Stockholders’ Equity:          
Convertible preferred stock Series B, $0.01 par value, 130,000,000 total shares authorized inclusive of all series of preferred; 26  shares issued and outstanding as of March 31, 2021 and December 31, 2020.   -    - 
Convertible preferred stock Series C, $0.01 par value, 130,000,000 total shares authorized inclusive of all series of preferred; 51  shares issued and outstanding as of March 31, 2021 and December 31, 2020.   -    - 
Common stock, $0.01 par value, 250,000,000 shares authorized; 24,684,574  and 24,552,409 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively.   247    245 
Additional paid-in capital   267,091    266,666 
Accumulated deficit   (243,740)   (241,107)
Total stockholders’ equity   23,598    25,804 
Total liabilities and stockholders’ equity  $28,685   $30,447 

 

The condensed consolidated balance sheet as of December 31, 2020, has been prepared using information from the audited consolidated balance sheet as of that date.

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

3
 

 

SINTX Technologies, Inc.

Condensed Consolidated Statements of Operations - Unaudited

(in thousands, except share data)

 

  

Three Months Ended

March 31,

 
   2021   2020 
Product revenue  $101   $207 
Costs of revenue   61    166 
Gross profit   40    41 
Operating expenses:          
Research and development   1,595    994 
General and administrative   1,000    764 
Sales and marketing   286    137 
Total operating expenses   2,881    1,895 
Loss from operations   (2,841)   (1,854)
Other income (expenses):          
Interest expense   -    (1)
Interest income   47    104 
Change in fair value of derivative liabilities   (242)   4,166 
Offering costs associated with warrant derivatives   -    (1,246)
Forgiveness of PPP loan   391    - 
Other income (net)   12   - 
Total other income, net   208    3,023 
Net income (loss) before income taxes   (2,633)   1,169 
Provision for income taxes   -    - 
Net income (loss)   (2,633)   1,169 
Deemed dividend related to the beneficial conversion feature and accretion of a discount on preferred stock   -    (9,284)
Net loss attributable to common stockholders  $(2,633)  $(8,115)
           
Net loss per share  – basic and diluted          
Basic – net income (loss)  $(0.11)  $0.19 
Basic - deemed dividend and accretion of a discount on conversion of preferred stock   -    (1.54)
Basic – attributable to common stockholders  $(0.11)  $(1.35)
           
Diluted – loss  $(0.11)  $(0.37)
Diluted - deemed dividend and accretion of a discount on conversion of preferred stock   -    (1.16)
Diluted – attributable to common stockholders  $(0.11)  $(1.53)
Weighted average common shares outstanding:          
Basic   24,668,106    6,020,889 
Diluted   24,668,106    8,035,392 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

4
 

 

SINTX Technologies, Inc.

Condensed Consolidated Statements of Stockholders’ Equity - Unaudited

(in thousands, except share and per share data)

 

    Preferred B Stock     Preferred C Stock     Common Stock     Paid-In     Accumulated     Total  
    Shares     Amount     Shares     Amount     Shares     Amount     Capital     Deficit     Equity  
Balance  as of December 31, 2019     249     $  -        -     $  -       2,434,009     $ 24     $ 239,256     $ (234,078 )   $ 5,202  
Extinguishment of derivative liability upon exercise of warrant     -       -       -       -       3,128,895       32       1,525       -       1,557  
Issuance of common stock from the exercise of warrants for cash     -       -       -       -       100       -       -       -       -  
Preferred stock issued for cash     -       -       9,440       -       -       -       3,112       -       3,112  
Common stock issued on conversion of preferred stock     -       -       (9,208 )     -       6,215,742       62       (62 )     -       -  
Issuance of agent warrants     -       -       -       -       -       -       168       -       168  
Beneficial conversion feature on issuance of convertible preferred stock     -       -       -       -       -       -       3,111       -       3,111  
Deemed dividend related to the issuance of preferred stock     -       -       -       -       -       -       (3,111 )     -       (3,111 )
Accretion of convertible preferred stock discount     -       -       -       -       -       -       6,173       -       6,173  
Deemed dividend related to the conversion of preferred stock     -       -       -       -       -       -       (6,173 )     -       (6,173 )
Net income     -       -       -       -       -       -       -       1,169       1,169  
Balance as of March 31, 2020     249     $ -       232     $ -       11,778,746      $ 118      $ 243,999      $ (232,909 )   $ 11,208  

 

   Preferred B Stock   Preferred C Stock   Common Stock   Paid-In   Accumulated   Total 
   Shares   Amount   Shares   Amount   Shares   Amount   Capital   Deficit   Equity 
Balance as of December 31, 2020   26   $-    51   $-    24,552,409   $245   $266,666   $(241,107)  $25,804 
Stock based compensation   -    -    -    -    -    -    36    -    36 
Extinguishment of derivative liability upon exercise of warrant   -    -    -    -    -    -    195    -    195 
Issuance of common stock upon exercise of warrants for cash   -    -    -    -    130,275    2    194    -    196 
Issuance of common stock from the cashless exercise of warrants   -    -    -    -    1,890    -    -    -    - 
Net loss   -    -    -    -    -    -    -    (2,633)   (2,633)
Balance as of March 31, 2021   26   $-    51   $-    24,684,574   $247   $267,091   $(243,740)  $23,598 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

5
 

 

SINTX Technologies, Inc.

Condensed Consolidated Statements of Cash Flows - Unaudited

(in thousands)

 

  

Three Months Ended

March 31,

 
   2021   2020 
Cash Flow From Operating Activities          
Net income (loss)  $(2,633)  $1,169 
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Depreciation expense   33    16 
Amortization of right of use asset   107    104 
Amortization of intangible assets   1    1 
Non-cash interest income   (43)   (91)
Stock based compensation   36    - 
Change in fair value of derivative liabilities   242    (4,166)
Offering Costs   -    325 
Forgiveness of PPP loan   (391)   - 
Gain on disposal of property and equipment   (14)   - 
Changes in operating assets and liabilities:          
Trade accounts receivable   (26)   30 
Prepaid expenses and other current assets   (555)   (320)
Inventories   (28)   (73)
Accounts payable and accrued liabilities   380    (320)
Other liabilities   (3)   - 
Payments on operating lease liability   (98)   (73)
Net cash used in operating activities   

(2,992

)   (3,398)
Cash Flows From Investing Activities          
Purchase of property and equipment   

(191

)   (21)
Proceeds from notes receivable, net of imputed interest   583    417 
Proceeds from sale of property and equipment   14    - 
Net cash provided by investing activities   406    396 
Cash Flows From Financing Activities          
Proceeds from issuance of preferred stock   -    3,112 
Proceeds from issuance of warrant derivative liabilities   -    6,328 
Proceeds from issuance of common stock in connection with exercise of warrants   196    - 
Proceeds from issuance of debt   510    - 
Payments on debt   -    (1)
Net cash provided by financing activities   706    9,439 
Net increase (decrease) in cash and cash equivalents   (1,880)   6,437 
Cash and cash equivalents at beginning of period   25,351    1,787 
Cash and cash equivalents at end of period  $23,471   $8,224 
           
Noncash Investing and Financing Activities          

Extinguishment of derivative liabilities through exercise of warrants

  $195   $1,556 
Change in par value due to conversion of preferred stock to common stock   -    92 
Supplemental Cash Flow Information          
Cash paid for interest  $-   $1 

 

The accompanying notes are an integral part of these condensed consolidated financial statements.

 

6
 

 

SINTX TECHNOLOGIES, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)

 

1. Organization and Summary of Significant Accounting Policies

 

Organization

 

SINTX Technologies, Inc. (“SINTX” or “the Company”) was incorporated in the state of Delaware on December 10, 1996 (and was previously known as Amedica Corporation). SINTX is an OEM ceramics company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX is the manufacturing, research, and development of silicon nitride ceramics for external partners. The Company presently manufactures silicon nitride spinal implant in its ISO 13485 certified manufacturing facility for CTL Amedica, the exclusive retail channel for silicon nitride spinal implants. The Company believes it is the first and only manufacturer to use silicon nitride in medical applications. The Company’s products are primarily sold in the United States.

 

On October 1, 2018, the Company completed the sale of its retail spine business to CTL Medical, a Dallas, Texas-based privately held medical device manufacturer. As a result of the sale, CTL Medical became the exclusive owner of the Company’s portfolio of metal and silicon nitride spine products, and has access to future silicon nitride spine technologies developed by the Company. Manufacturing, R&D, and all intellectual property related to the core, non-spine, biomaterial technology of silicon nitride remains with the Company. The Company serves as CTL’s exclusive OEM provider of silicon nitride products.

 

On October 30, 2018, the Company amended its Certificate of Incorporation with the State of Delaware to change its corporate name to SINTX Technologies, Inc. in order to better reflect its focus on silicon nitride science and technologies and pipeline of silicon nitride-based products in various biomedical applications. The Company also changed its trading symbol on the NASDAQ Capital Market to “SINT”.

 

The previous name, Amedica, was transferred to CTL Medical, which is now CTL Amedica. The Company’s new corporate brand reflects both the Company’s core competence in the science and production of silicon nitride ceramics, as well as encouraging prospects for the future, as an OEM supplier of spine implants to CTL Amedica, and several opportunities outside of spine. As SINTX Technologies Inc., the Company will focus on developing silicon nitride in terms of product design, and future biomaterial formulations, for a variety of OEM customers.

 

Basis of Presentation

 

These unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and include all assets and liabilities of the Company. In May 2020, the Company dissolved its wholly owned subsidiary ST Sub, Inc. At the time of dissolution, the subsidiary had no assets, liabilities, equity, or operations. The financial statements after May 8, 2020, are not consolidated.

 

SEC rules and regulations allow the omission of certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) so long as the statements are not misleading. In the opinion of management, these financial statements and accompanying notes contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position and results of operations for the periods presented herein. These condensed consolidated financial statements should be read in conjunction with the consolidated audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 22, 2021. The results of operations for the three months ended March 31, 2021, are not necessarily indicative of the results to be expected for the year ending December 31, 2021. The Company’s significant accounting policies are set forth in Note 1 to the consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2020.

 

7
 

 

Use of Estimates

 

The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. As of March 31, 2021, the most significant estimate relates to derivative liabilities relating to common stock warrants.

 

Liquidity and Capital Resources

 

The condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement of liabilities in the normal course of business, and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements.

 

For the three months ended March 31, 2021 and 2020, the Company incurred a net loss of $2.6  million and generated a net income of $1.2  million, respectively, and used cash in operations of $3.0  million and $3.4 million, respectively. The Company had an accumulated deficit of $243.7 million and $241.1 million as of March 31, 2021 and December 31, 2020, respectively. To date, the Company’s operations have been principally financed from proceeds from the issuance of preferred and common stock and, to a lesser extent, cash generated from product sales. It is anticipated that the Company will continue to generate operating losses and use cash in operations. The Company’s continuation as a going concern is dependent upon its ability to increase sales, and/or raise additional funds through the capital markets. Whether and when the Company can attain profitability and positive cash flows from operations or obtain additional financing is uncertain.

 

The Company is actively generating additional scientific and clinical data to have it published in leading industry publications. The unique features of our silicon nitride material are not well known, and we believe the publication of such data would help sales efforts as the Company approaches new prospects. The Company is also making additional changes to the sales strategy, including a focus on revenue growth by expanding the use of silicon nitride in other areas outside of spinal fusion applications.

 

The Company has common stock that is publicly traded and has been able to successfully raise capital when needed since the date of the Company’s initial public offering in February 2014. On February 6, 2020, the Company closed on a rights offering to its stockholders of units, consisting of convertible preferred stock and warrants, for gross proceeds of $9.4 million, which excludes underwriting discounts and commissions and offering expenses payable by the Company of approximately $1.2 million. Additionally, during the period of June 2020 through August 2020, the Company closed four registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 11,015,000 shares of its common stock for gross proceeds of approximately $20.9 million, before considering issuance costs of approximately $1.6 million (see Note 8).

 

During the year ended December 31, 2019, the Company entered into an at-the-market (2019 ATM) equity distribution agreement under which the Company could sell, from time to time, shares of common stock having an aggregate offering price of up to $2.5 million. During the year ended December 31, 2020, the Company sold 354,381 shares of common stock under the ATM, raising approximately $0.8 million before deducting fees to the placement agent and other offering expenses of approximately $0.1 million. As of March 31, 2021, no funding capacity is available under the ATM. (see Note 8). 

 

On February 25, 2021, the Company entered into an Equity Distribution Agreement (the “2021 Distribution Agreement”) with Maxim Group LLC (“Maxim”), pursuant to which the Company may sell from time to time, shares of the Company’s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent. As of March 31, 2021, there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on our instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the ATM and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

On October 1, 2018, the Company sold the retail spine business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36-month term. The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021. The Company expects cash flows of approximately $1.4  million for the remaining seven months of the term of the note.

 

Management has concluded existing capital resources will be sufficient to fund operations for at least the next 12 months, or through May 2022.

 

Risks Related to COVID-19 Pandemic

 

The COVID-19 pandemic is affecting the United States and global economies and may affect the Company’s operations and those of third parties on which the Company relies. In response to the spread of COVID-19 and to ensure safety of employees and continuity of business operations, we closed our offices, with our administrative employees continuing their work remotely and limited the number of staff in our manufacturing facility. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company’s ability to access capital, which could negatively impact the Company’s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change. The Company does not yet know the full extent of potential delays or impacts on its business, financing or other activities or on healthcare systems or the global economy as a whole. However, these effects could have a material impact on the Company’s liquidity, capital resources, operations and business and those of the third parties on which we rely.

 

New Accounting Pronouncements Not Yet Adopted

 

The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that no other pronouncements will have a significant effect on its financial statements.

 

8
 

 

2. Basic and Diluted Net Income (Loss) per Common Share

 

Basic net income (loss) per share is calculated by dividing the net income (loss) by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted net loss per share is calculated by dividing the net loss by the weighted-average number of common share equivalents outstanding for the period that are determined to be dilutive. Common stock equivalents are primarily comprised of preferred stock and warrants for the purchase of common stock. For the three months ended March 31, 2021, there is no difference in the number of shares and net loss used to calculate basic and diluted shares outstanding because their effect would have been anti-dilutive. The Company had potentially dilutive securities, totaling approximately 1.8  million and 2.7  million as of March 31, 2021 and 2020, respectively.

 

Below are basic and diluted loss per share data for the three months ended March 31, 2021, which are in thousands except for share and per share data:

 

   Basic Calculation  

Effect of

Dilutive
Warrant
Securities

   Diluted Calculation 
Numerator:                         
Net income (loss)  $(2,633)  $-   $(2,633)
Deemed dividend and accretion of a discount   -    -    - 
Net loss attributable to common stockholders  $(2,633)  $-   $(2,633)
                
Denominator:               
Number of shares used in per common share calculations:   24,668,106    -    24,668,106 
                
Net loss per common share:               
Net income (loss)  $(0.11)  $-   $(0.11)
Deemed dividend and accretion of a discount   -    -    - 
Net loss attributable to common stockholders  $(0.11)  $-   $(0.11)

 

Below  are basic and diluted loss per share data for the three months ended March 31, 2020, which are in thousands except for share and per share data:

 

   Basic Calculation  

Effect of

Dilutive
Warrant
Securities

   Diluted Calculation 
Numerator:               
Net income (loss)  $1,169   $(4,166)  $(2,997)
Deemed dividend and accretion of a discount   (9,284)   -    (9,284)
Net loss attributable to common stockholders  $(8,115)  $(4,166)  $(12,281)
                
Denominator:               
Number of shares used in per common share calculations:   6,020,889    2,014,503    8,035,392 
                
Net loss per common share:               
Net income (loss)  $0.19   $(0.56)  $(0.37)
Deemed dividend and accretion of a discount   (1.54)   0.38    (1.16)
Net loss attributable to common stockholders  $(1.35)  $(0.18)  $(1.53)

 

9
 

 

3. Inventories

 

Inventories consisted of the following (in thousands):

 

   March 31,
2021
   December 31,
2020
 
Raw materials  $407   $388 
WIP   106    97 
Finished goods   2    2 
   $515   $487 

 

As of March 31, 2021, inventories totaling approximately $0.1 million and $0.4 million were classified as current and long-term, respectively. Inventories classified as current represent the carrying value of inventories as of March 31, 2021, that management estimates will be sold or used by March 31, 2022.

 

4. Intangible Assets

 

Intangible assets consisted of the following (in thousands):

 

   March 31,
2021
   December 31,
2020
 
Trademarks  $50   $50 
Less: accumulated amortization   (15)   (14)
   $35   $36 

 

Amortization expense for the three months ended March 31, 2021, was approximately $1.3  thousand. Amortization expense for the three months ended March 31, 2020, was approximately $1.3 thousand.

 

10
 

 

5. Fair Value Measurements

 

Financial Instruments Measured and Recorded at Fair Value on a Recurring Basis

 

The Company has issued certain warrants to purchase shares of common stock, which are considered derivative liabilities because they have registration rights which could require a cash settlement and are re-measured to fair value at each reporting period in accordance with accounting guidance. Fair value is based on the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

 

  Level 1 - quoted market prices for identical assets or liabilities in active markets.
     
  Level 2 - observable prices that are based on inputs not quoted on active markets but corroborated by market data.
     
  Level 3 - unobservable inputs reflecting management’s assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

 

The Company classifies assets and liabilities measured at fair value in their entirety based on the lowest level of input that is significant to their fair value measurement. No financial assets were measured on a recurring basis as of March 31, 2021 and December 31, 2020. The following tables set forth the financial liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2021 and December 31, 2020 (in thousands):

 

   Fair  Value Measurements as of March 31, 2021 
Description  Level 1   Level 2   Level 3   Total 
Derivative liability                    
Common stock warrants  $-   $-   $1,285   $1,285 

 

    Fair Value Measurements as of December 31, 2020  
Description   Level 1     Level 2     Level 3     Total  
Derivative liability                                
Common stock warrants   $ -     $ -     $ 1,238     $ 1,238  

 

The Company did not have any transfers of assets and liabilities between any levels of the fair value measurement hierarchy during the three months ended March 31, 2021 and 2020 (in thousands).

 

   Common  Stock
Warrants
 
Balance as of December 31, 2019  $(220)
Issuance of derivatives   (6,328)
Change in fair value   4,166 
Exercise of warrants   1,556 
Balance as of March 31, 2020  $(826)
      
Balance as of December 31, 2020  $(1,238)
Change in fair value   (242)
Exercise of warrants   195 
Balance as of March 31, 2021  $(1,285)

 

11
 

 

Common Stock Warrants

 

The Company has issued certain warrants to purchase shares of common stock, which are considered derivative liabilities because they have registration rights which could require a cash settlement and are re-measured to fair value at each reporting period in accordance with accounting guidance. As of March 31, 2021, and December 31, 2020, the derivative liability was calculated using the Monte Carlo Simulation valuation.

 

The assumptions used in estimating the common stock warrant liability as of March 31, 2021 and December 31, 2020 were as follows:

 

   March 31, 2021    December 31, 2020 
Weighted-average risk-free interest rate     0.05%-0.70%    0.09%-0.27 %
Weighted-average expected life (in years)     0.38-4.07     0.63-4.10 
Expected dividend yield    -%   -%
Weighted-average expected volatility    137.8%-178.1%    138.3%-175.6 %

 

Other Financial Instruments

 

The Company’s recorded values of cash and cash equivalents, account and other receivables, accounts payable and accrued liabilities approximate their fair values based on their short-term nature. The recorded value of notes payable approximates the fair value as the interest rate approximates market interest rates.

 

12
 

 

6. Accrued Liabilities

 

Accrued liabilities consisted of the following (in thousands):

 

   March 31,
2021
   December 31,
2020
 
Payroll and related expense  $690   $600 
Other   396    309 
   $1,086   $909 

 

7. Debt

 

2020 PPP Loan

 

On April 28, 2020, the Company received funding under a Paycheck Protection Program (“PPP”) loan (the “PPP Loan”) from First State Community Bank (the “Lender”). The principal amount of the PPP Loan was $0.4 million. The PPP was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (the “SBA”). Loans made under the PPP may be partially or fully forgiven if the recipient complies with the provisions of the CARES Act, including the use of PPP Loan proceeds for payroll costs, rent, utilities and other expenses, provided that such amounts are incurred during a 24-week period that commenced on April 28, 2020 and at least 60% of any forgiven amount has been used for covered payroll costs as defined by the CARES Act. On January 5, 2021, the Lender provided notice to the Company that the principal amount and accrued interest had been forgiven. The Company removed the PPP Loan obligation and recorded other income for forgiveness of debt totaling $0.4 million. The SBA has until January of 2027 to audit the Company’s compliance with the CARES Act relating to the PPP Loan.

 

2021 PPP Loan

 

On March 15, 2021, the Company received funding under the SBA Second Draw Program under the Paycheck Protection Program (“2021 PPP”) (the “2021 PPP Loan”) from First State Community Bank (the “Lender”). The principal amount of the 2021 PPP Loan is $.5  million . The 2021 PPP was established under the CARES Act and is administered by the SBA. The 2021 PPP Loan has a five-year term, maturing on March 15, 2026. The interest rate on the 2021 PPP Loan is 1.0% per annum.

 

The Company will not be obligated to make any payments of principal or interest if the Company submits a loan forgiveness application to the Bank within 10 months after the end of the Company’s covered loan forgiveness period (as defined and interpreted by the 2021 PPP Rules) and such loan forgiveness is allowed. Generally, all or a portion of the 2021 PPP Loan may be forgiven if the Company maintains its employment and compensation within certain parameters during the twenty-four (24) week period following the loan origination date and the proceeds of the 2021 PPP Loan are spent on payroll costs, rent or lease agreements dated before February 15, 2020 and utility payments arising under service agreements in place before February 15, 2020.

 

13
 

 

8. Equity

 

2021 Equity Distribution Agreement

 

On February 25, 2021, the Company entered into an Equity Distribution Agreement (the “2021 Distribution Agreement”) with Maxim Group LLC (“Maxim”), pursuant to which the Company may sell from time to time, shares of the Company’s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent.

 

Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on the Company’s instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the 2021 Distribution Agreement and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

2020 Rights Offering

 

During February 2020, the Company closed on a rights offering capital raise wherein the Company’s holders of common stock, Series C Preferred Stock, and certain outstanding warrants, obtained, at no charge, non-transferable subscription rights to purchase certain units from the Company (“Units”). Each Unit consisted of one share of Series C Convertible Preferred Stock (“Preferred Stock”) and 675 warrants to purchase common stock (“Warrants”). Each Unit sold for $1,000. Each share of the Preferred Stock is convertible, at the Company’s option at any time on or after the first anniversary of the expiration of the rights offering or at the option of the holder at any time, into a number of shares of our common stock equal to the quotient of the stated value of the Preferred Stock ($1,000) divided by the Conversion Price ($1.4814 per share). Each Warrant is exercisable for one share of our common stock at an exercise price of $1.50 per share from the date of issuance through its expiration five years from the date of issuance. The Warrants also contain a cashless exercise provision that allows the holder to receive 70% of the common stock otherwise available under the warrant to the holder electing the cashless exercise provision. The Company issued 9,440 Units, comprised of 6,372,000 Warrants exercisable into shares of our common stock and Preferred Stock convertible into 6,372,350 shares of Common Stock, for gross proceeds of $9.4 million before consideration of issuance costs, associated with the issuance of the Units, with $3.1 million allocated to the Preferred Stock (with no issuance costs allocated to the preferred stock) and $5.1 million, net of issuance costs of approximately $1.2 million, allocated to the Warrants. In association with the Warrants that were recorded as a derivative liability, the Company immediately expensed approximately all $1.2 million of the issuance costs.

 

During the three months ended March 31, 2021, Series B Convertible Preferred stockholders of the Company converted no shares of Series B Convertible Preferred Stock, and Series C Convertible Preferred stockholders of the Company converted no shares of Series C Convertible Preferred Stock.

 

Also, during the three months ended March 31, 2021, holders of Warrants electing to use the cashless exercise option exercised 2,700 warrants, which resulted in the issuance of 1,890 shares of common stock. During the same period of time, holders of Warrants electing to exercise warrants for cash exercised 130,275 warrants, which resulted in the issuance of 130,275 shares of common stock, and the receipt of $0.2 million of cash.

 

2020 Registered Direct Offerings

 

During June 2020, the Company closed two registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 6,100,000 shares of its common stock for gross proceeds of approximately $9.6 million, before considering offering costs of approximately $0.8 million. On June 23, 2020, the Company entered into the first Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 3,700,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $1.50 per share for aggregate gross proceeds to the Company of approximately $5.5 million, before deducting offering costs. Following the initial registered direct offering, on June 26, 2020, the Company entered into the second Share Purchase Agreement with certain institutional purchasers pursuant to which the Company offered to the purchasers, in a registered direct offering, an aggregate of 2,400,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $1.72 per share for aggregate gross proceeds to the Company of approximately $4.1 million, before deducting offering costs.

 

During July and August 2020, the Company closed two registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 4,915,000 shares of its common stock for gross proceeds of approximately $11.2 million, before considering offering costs of approximately $0.8 million. On July 16, 2020, the Company entered into a Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 1,500,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $2.00 per share for aggregate gross proceeds to the Company of $3.0 million, before deducting offering costs. On August 4, 2020, the Company entered into a Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 3,415,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $2.40 per share for aggregate gross proceeds to the Company of $8.2 million, before deducting offering costs.

 

14
 

 

9. Stock-Based Compensation

 

A summary of the Company’s outstanding stock option activity for the three months ended March 31, 2021 and 2020 is as follows:

 

 

       March 31, 2021     
      

Weighted-

Average

  

Weighted-

Average

Remaining

Contractual Life

   Intrinsic 
   Options   Exercise Price   (Years)   Value 
As of December 31, 2020   465,393   $5.53    9.3    - 
Granted   368,500    1.93    10.0    - 
Exercised   -    -    -    - 
Forfeited   -    -    -    - 
Expired   -    -    -    - 
As of March 31, 2021   833,893   $3.98    9.4   $698,913 
Exercisable at March 31, 2021   376   $6,977.42    4.1   $- 
Vested and expected to vest at March 31, 2021   833,893   $3.98    9.4   $698,913 

 

       March 31, 2020     
      

Weighted-

Average

  

Weighted-

Average

Remaining

Contractual Life

   Intrinsic 
   Options   Exercise Price   (Years)   Value 
As of December 31, 2019   377   $7,446.69    5.3   $- 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Forfeited   -    -    -    - 
Expired   -    -    -    - 
As of March 31, 2020   377   $7,446.69    5.1   $- 
Exercisable and vested at March 31, 2020   377   $7,446.69    5.1   $- 

 

The Company estimates the fair value of each stock option on the grant date using the Black-Scholes-Merton valuation model, which requires several estimates including an estimate of the fair value of the underlying common stock on grant date. The expected volatility was based on an average of the historical volatility of the Company. 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. The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees and non-employees during the three months ended March 31, 2021. During the three months ended March 31, 2021 the company granted stock options with an estimated fair value of approximately $0.6  million.

 

    March 31, 2021  
Weighted-average risk-free interest rate     0.73%-0.85 %
Weighted-average expected life (in years)     5.3-5.9  
Expected dividend yield     - %
Weighted-average expected volatility     138%-139 %

 

Of the 368,500 options granted during the three months ended March 31, 2021, 60,000  were to non-executive members of the board of directors. Of the 833,893 options outstanding as of March 31, 2021, 295,000  were awarded to non-executive members of the board of directors.

 

Unrecognized stock-based compensation  as of March 31, 2021, is as follows (in thousands):

 

      

Weighted

Average

 
  

Unrecognized

Stock-Based

  

Remaining of

Recognition

 
   Compensation   (in years) 
Stock options  $779    2.5 
Stock grants  $17    2.1 

 

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.

 

11. Note Receivable

 

On October 1, 2018, the Company completed the sale of its spine implant business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36 month term and matures on October 1, 2021. The note receivable includes an imputed interest rate of 10%. As of March 31, 2021, the net carrying value of the note receivable was $1.3 million, with expected cash proceeds of $1.4 million to the Company through the maturity date.

 

15
 

 

12. Leases

 

The Company leases office, warehouse and manufacturing space under a single operating lease. On June 7, 2019, the lease was amended to extend the rental period through 2024 and reduce the amount of space leased from 54,428 square feet to 29,534 square feet. The new rent was effective January 1, 2020. The amended lease has two five-year extension options. As of March 31, 2021, the operating lease right-of-use asset totaled approximately $1.8  million and the operating lease liability totaled approximately $1.8  million. Non-cash operating lease expense during the three months ended March 31, 2021, totaled approximately $0.1  million. As of March 31, 2021, the weighted-average discount rate for the Company’s operating lease was 6.5%.

 

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.

 

Operating lease future minimum payments together with the present values as of March 31, 2021, are summarized as follows:

 

Years Ending December 31,  March 31,
2021
 
2021  $385 
2022   528 
2023   544 
2024   560 
Thereafter   - 
Total future minimum lease payments   2,017 
Less amounts representing interests   (235)
Present value of lease liability   1,782 
     
Current-portion of operating lease liability   413 
Long-term portion operating lease liability  $1,369 

 

16
 

 

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our consolidated financial statements for the year ended December 31, 2020 and the notes thereto, along with Management’s Discussion and Analysis of Financial Condition and Results of Operations, included in our Annual Report on Form 10-K for the year ended December 31, 2020, filed separately with the U.S. Securities and Exchange Commission. This discussion and analysis contains forward-looking statements based upon current beliefs, plans, expectations, intentions and projections that involve risks, uncertainties and assumptions, such as statements regarding our plans, objectives, expectations, intentions and projections. Our actual results and the timing of selected events could differ materially from those anticipated in these forward-looking statements as a result of several factors, including those set forth under the “Risk Factors” section of our Annual Report on Form 10-K for the year ended December 31, 2020, and any updates to those risk factors filed from time to time in our Quarterly Reports on Form 10-Q and in other filings with the Securities and Exchange Commission we may make from time-to-time.

 

Overview

 

We are an advanced materials company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX Technologies is the manufacturing, research, and development of silicon nitride ceramics for external partners. We believe that silicon nitride has a superb combination of properties that make it ideally suited for long-term human implantation. Other biomaterials are based on bone grafts, metal alloys, and polymers, all of which have well-known practical limitations and disadvantages. In contrast, silicon nitride has a legacy of success in the most demanding and extreme industrial environments. As a human implant material, silicon nitride offers bone ingrowth, resistance to bacterial and viral infection, ease of diagnostic imaging, resistance to corrosion, and superior strength and fracture resistance, among other advantages, all of which claims are validated in our large and growing inventory of peer-reviewed, published literature reports.

 

Additionally, we received positive results from an independent study that demonstrated the potential anti-viral properties of our silicon nitride. The results suggest that silicon nitride may be useful in the reduction of the spread of COVID-19. The study results demonstrated that our unique grade of silicon nitride inactivates the SARS-CoV-2 virus within a minute after exposure and has the potential to decrease the risk of viral disease spread on surfaces. Studies have shown that coronavirus spreads between humans when an infected person coughs or sneezes. Also, the virus can remain active on a variety of commonly touched surfaces for hours to days. We believe that by incorporating our unique composition of silicon nitride into products such as face masks, and personal protective equipment, it is possible to manufacture surfaces that inactivate viral particles, thereby limiting the spread of the disease. We envision incorporating our silicon nitride into high-contact surfaces such as medical equipment, screens, countertops, and doorknobs in locations where viral persistence is a concern, such as homes, casinos, and cruise ships. We believe this anti-viral discovery will open many new opportunities for us. In composites, coatings, and mixtures, silicon nitride has maintained its antibacterial and osteogenic properties, even at small fractions. We believe that incorporating our material into a variety of commonly touched surfaces may discourage viral spread and contribute to global health by reducing the risk of disease. We believe that our versatile silicon nitride manufacturing expertise positions us favorably to introduce new and innovative devices in the medical and non-medical fields.

 

We also believe that we are the first and only company to commercialize silicon nitride medical implants. Prior to October 1, 2018, we designed, manufactured and commercialized silicon nitride products for our own behalf in the spine implant market. Over 35,000 of our spinal implants manufactured with silicon nitride have been implanted into patients, with an excellent safety record. On October 1, 2018, we sold our spine implant business to CTL Amedica and now manufacture spine implants made with silicon nitride for CTL. Prior to selling our spine implant business to CTL, we had received 510(k) regulatory clearance in the United States, a CE mark in Europe, ANVISA approval in Brazil, and ARTG and Prostheses approvals in Australia for a number of silicon nitride spine implant products designed for spinal fusion surgery. Spine implant products manufactured by us from silicon nitride are currently marketed and sold by CTL under the Valeo® brand to surgeons and hospitals in the United States and to selected markets in Europe and South America. These implants are designed for use in cervical (neck) and thoracolumbar (lower back) spine surgery. We are collaborating with CTL to establish commercial partners in other parts of the world and also working with other partners to obtain regulatory approval for silicon nitride implants in Japan.

 

The sale of our spine implant business to CTL enables us to now focus on our core competencies. These include research and development of silicon nitride and the design and manufacture of medical and nonmedical products manufactured from silicon nitride and other ceramic materials for our own account and in collaboration with other medical device manufacturers. We are targeting OEM – including CTL Medical – and private label partnerships in order to accelerate adoption of silicon nitride in future markets such as coating products with silicon nitride, hip and knee replacements, dental and maxillofacial implants, extremities, trauma, bearings, automotive and aerospace components, cutting tools, and a wide range of antipathogenic applications. Existing biomaterials, based on plastics, metals, and bone grafts have well-recognized limitations that we believe are addressed by silicon nitride.

 

We believe that silicon nitride addresses many of the biomaterial-related limitations in medical related fields such as hip and knee replacements, dental and maxillofacial implants, sports medicine, extremities, and trauma surgery. We further believe that the inherent material properties of silicon nitride, and the ability to formulate the material in a variety of compositions, combined with precise control of the surface properties of the material, opens up a number of commercial opportunities across orthopedic surgery, neurological surgery, maxillofacial surgery, other medical disciplines, as well as commodity items such as industrial fasteners, bushings, and valves to addressing more complex demands of hypersonic missile radomes, aerospace, air-conditioning systems, beverage dispensers, touch-screen glass, and agribusiness fungicides. During 2020, the Company shipped multiple small quantity orders of industrial products totaling $33 thousand.

 

We operate a 30,000 square foot manufacturing, laboratory and administrative facility at our corporate headquarters in Salt Lake City, Utah, and we believe we are the only vertically integrated silicon nitride medical device manufacturer in the world.

 

Components of our Results of Operations

 

We manage our business within one reportable segment, which is consistent with how our management reviews our business, makes investment and resource allocation decisions and assesses operating performance.

 

17
 

 

Product Revenue

 

We derive our product revenue primarily from the manufacture and sale of spinal fusion products used in the treatment of spine disorders to CTL, with whom we entered into a 10-year exclusive sales agreement in October 2018. We are currently pursuing other sales opportunities for silicon nitride products outside the spinal fusion application and have shipped new orders for these products. We generally recognize revenue from sales where control transfers at a point in time as the title and risk of loss passes to the customer, which is at the time the product is shipped. In general, our customer does not have rights of return or exchange.

 

We believe our product revenue will increase as CTL increases sales of silicon nitride spinal fusion products, as we secure other opportunities to manufacture third party products with silicon nitride, and as we continue to introduce new products into the market.

 

Cost of Revenue

 

The expenses that are included in cost of revenue include all in-house manufacturing costs for the products we manufacture.

 

Gross Profit

 

Our gross profit measures our product revenue relative to our cost of revenue. We expect our gross profit percentage to decrease as we expand the penetration of our silicon nitride technology platform through OEM and private label partnerships, which offer additional avenues for the adoption of silicon nitride. Prior to the sale of our retail spine implant business, our revenues and gross profits were based on our retail sales. With the focus on OEM and private label partnerships, the margins are lower, thus causing the decrease in our gross profit percentage.

 

Research and Development Expenses

 

Our research and development costs are expensed as incurred. Research and development costs consist of engineering, product development, clinical trials, test-part manufacturing, testing, developing and validating the manufacturing process, manufacturing, facility and regulatory-related costs. Research and development expenses also include employee compensation, employee and non-employee stock-based compensation, supplies and materials, consultant services, and travel and facilities expenses related to research and development activities.

 

We expect to incur additional research and development costs as we continue to develop new spinal fusion products, product candidates for total joint replacements, dental applications, antipathogenic products, and other products which may increase our total research and development expenses.

 

General and Administrative Expenses

 

General and administrative expenses consist primarily of salaries, benefits and other related costs, including stock-based compensation for certain members of our executive team and other personnel employed in finance, compliance, administrative, information technology, customer service, executive and human resource departments. General and administrative expenses also include other expenses not part of the other cost categories mentioned above, including facility expenses and professional fees for accounting and legal services.

 

18
 

 

RESULTS OF OPERATIONS

 

The following is a tabular presentation of our unaudited condensed consolidated operating results for the three months ended March 31, 2021 and 2020 (in thousands):

 

  

Three Months Ended

March 31,

         
   2021   2020   $ Change   % Change 
Product revenue  $101   $207   $(106)   -51%
Costs of revenue   61    166    (105)   -63%
Gross profit   40    41    (1)   -2%
Operating expenses:                    
Research and development   1,595    994    601    60%
General and administrative   1,000    764    236    31%
Sales and marketing   286    137    149    109%
Total operating expenses   2,881    1,895    986    52%
Loss from operations   (2,841)   (1,854)   (987)   53%
Other income, net   208    3,023    (2,815)   -93%
Net income (loss) before income taxes   (2,633)   1,169    (3,802)   -325%
Provision for income taxes   -    -    -    N/A 
Net income (loss)   (2,633)   1,169    (3,802)   -325%

 

Product Revenue

 

For the three months ended March 31, 2021, total product revenue was $0.1 million as compared to $0.2 million in the same period 2020, a decrease of $0.1 million, or 51%. This decrease was due to decrease in orders from CTL Amedica.

 

Cost of Revenue and Gross Profit

 

For the three months ended March 31, 2021, our cost of revenue decreased $0.1 million, or 63%, as compared to the same period in 2020. This decrease is primarily attributed to decrease in product revenue, and the associated decrease in costs of goods sold. Gross profit remained essentially unchanged. The unchanged gross profit on decreased revenue and costs of revenue is attributed to new revenue sources with higher profit margins.

 

19
 

 

Research and Development Expenses

 

For the three months ended March 31, 2021, research and development expenses increased $0.6 million, or 60%, as compared to the same period in 2020. This increase was primarily attributable to an overall increase in R&D activity to support the Company’s strategic objective of developing new technologies and related products.

 

General and Administrative Expenses

 

For the three months ended March 31, 2021, general and administrative expenses increased $0.2 million, or 31%, as compared to the same period in 2020. This increase is primarily due to the increase in external consulting costs and payroll expenses.

 

Sales and Marketing Expenses

 

For the three months ended March 31, 2021, sales and marketing expenses increased $0.1 million, or 109%, as compared to the same period in 2020. This increase was primarily attributable to an overall increase in marketing activities to generate interest in and exposure to the Company’s potential new product lines.

 

Other Income, Net

 

For the three months ended March 31, 2021, other income decreased $2.8 million, or 93%, as compared to the same period in 2020. This decrease was primarily due to the incurring a change in the fair value of the derivative liabilities in the amount of $4.4 million in 2020, which was partially offset by the offering costs of $1.2 million associated with the February 2020 rights offering. Whereas in 2021, the Company had other income of $0.4 million associated with the forgiveness of the 2020 PPP Loan.

 

Liquidity and Capital Resources

 

The condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement of liabilities in the normal course of business, and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements.

 

20
 

 

For the three months ended March 31, 2021 and 2020 , the Company incurred a net loss of $2.6  million and net income of $1.2 million, respectively, and used cash in operations of $3.0  million and $3.4 million, respectively. The Company had an accumulated deficit of $243.7  million and $233.0 million as of March 31, 2021 and 2020, respectively. To date, the Company’s operations have been principally financed from proceeds from the issuance of preferred and common stock and, to a lesser extent, cash generated from product sales. It is anticipated that the Company will continue to generate operating losses and use cash in operations. The Company’s continuation as a going concern is dependent upon its ability to increase sales, and/or raise additional funds through the capital markets. Whether and when the Company can attain profitability and positive cash flows from operations or obtain additional financing is uncertain.

 

The Company is actively generating additional scientific and clinical data to have it published in leading industry publications. The unique features of our silicon nitride material are not well known, and we believe the publication of such data would help sales efforts as the Company approaches new prospects. The Company is also making additional changes to the sales strategy, including a focus on revenue growth by expanding the use of silicon nitride in other areas outside of spinal fusion applications. For instance, results from an independent study demonstrated the potential anti-viral properties of our silicon nitride. We believe that we may be able to apply our silicon nitride powder to personal protection products, such as face masks, gowns and gloves, resulting in inactivation of viruses that come into contact with the items.

 

The Company has common stock that is publicly traded and has been able to successfully raise capital when needed since the date of the Company’s initial public offering in February 2014. On February 6, 2020, the Company closed on a rights offering to its stockholders of units, consisting of convertible preferred stock and warrants, for gross proceeds of $9.4 million, which excludes underwriting discounts and commissions and offering expenses payable by the Company. Additionally, during the period of June 2020 through August 2020, the Company closed four registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 11,015,000 shares of its common stock for gross proceeds of approximately $20.9 million, which excludes underwriting discounts and commissions and offering expenses payable by the Company.

 

During the year ended December 31, 2019, the Company entered into an ATM equity distribution agreement in which the Company could sell, from time to time, shares of common stock having an aggregate offering price of up to $2.5 million. The Company sold 527,896 shares during the year ended December 31, 2019, raising approximately $1.7 million before considering issuance costs. During the year ending December 31, 2020, the Company sold 354,381 shares of common stock, raising approximately $0.8 million before considering issuance costs. As a result of the sales during the first half of 2020 there are no longer any funds available to the Company under the ATM.

 

On February 25, 2021, the Company entered into an Equity Distribution Agreement (the “2021 Distribution Agreement”) with Maxim Group LLC (“Maxim”), pursuant to which we may sell from time to time, shares of its our common stock, $0.01 par value per share, having an aggregate offering price of up to $15.0 million through Maxim, as agent. No shares  have been sold under the 2021 Distribution Agreement as of March 31, 2021.

 

On October 1, 2018, the Company sold the retail spine implant business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36-month term. The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021. The Company expects cash flows $1.4  million for the remaining seven months.

 

Management has concluded that together with its existing capital resources and payments on the note receivable from the sale of the spine implant business will be sufficient to fund operations for at least the next 12 months, or through May 2022.

 

Risks Related to COVID-19 Pandemic

 

The COVID-19 pandemic is affecting the United States and global economies and may affect the Company’s operations and those of third parties on which the Company relies. In response to the spread of COVID-19 and to ensure safety of employees and continuity of business operations, we closed our offices, with our administrative employees continuing their work remotely and limited the number of staff in our manufacturing facility. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company’s ability to access capital, which could negatively impact the Company’s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change. The Company does not yet know the full extent of potential delays or impacts on its business, financing or other activities or on healthcare systems or the global economy as a whole. However, these effects could have a material impact on the Company’s liquidity, capital resources, operations and business and those of the third parties on which we rely.

 

21
 

 

Cash Flows

 

The following table summarizes, for the periods indicated, cash flows from operating, investing and financing activities (in thousands) – unaudited:

 

   Three Months Ended March 31, 
   2021   2020 
Net cash used in operating activities  $(2,992)  $(3,398)
Net cash provided by investing activities   406    396 
Net cash provided by financing activities   706    9,439 
Net cash provided (used)  $(1,880)  $6,437 

 

Net Cash Used in Operating Activities

 

Net cash used in operating activities was $3.0 million during the three months ended March 31, 2021, compared to $3.4 million used during the three months ended March 31, 2020, a decrease of $0.4 million. The decrease in cash used for operating activities during 2021 was primarily due to changes in the movement of working capital items during 2021 as compared to the same period in 2020 as follows: a $0.7 million decrease in cash used in accounts payable, offset by a $0.2 million increase in cash used in prepaid expenses, and a $0.1 million increase in cash used in accounts receivable.

 

Net Cash Provided by Investing Activities

 

Net cash provided by investing activities remained primarily unchanged at $0.4 million during the three months ended March 31, 2021, and the same period in 2020.

 

Net Cash Provided by Financing Activities

 

Net cash provided by financing activities was $0.7 million during the three months ended March 31, 2021, compared to net cash provided by financing activities of $9.4 million during the same period in 2020. The $8.7 million decrease to net cash provided by financing activities was primarily attributable to proceeds from rights offerings of $9.4 million in 2020 offset by a $0.5 million in proceeds from a PPP loan and $0.2 million in proceeds from the exercise of warrants for cash.

 

Indebtedness

 

2020 PPP Loan

 

On April 28, 2020, the Company received funding under a Paycheck Protection Program (“PPP”) loan (the “PPP Loan”) from First State Community Bank (the “Lender”). The principal amount of the PPP Loan was $0.4 million. The PPP was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (the “SBA”). Loans made under the PPP may be partially or fully forgiven if the recipient complies with the provisions of the CARES Act, including the use of PPP Loan proceeds for payroll costs, rent, utilities and other expenses, provided that such amounts are incurred during a 24-week period that commenced on April 28, 2020 and at least 60% of any forgiven amount has been used for covered payroll costs as defined by the CARES Act. On January 5, 2021, the Lender provided notice to the Company that the principal amount and accrued interest had been forgiven. The Company removed the PPP Loan obligation and recorded other income for forgiveness of debt totaling $0.4 million. The SBA has until January of 2027 to audit the Company’s compliance with the CARES Act relating to the PPP Loan.

 

2021 PPP Loan

 

On March 15, 2021, the “Company received funding under the SBA Second Draw Program under the Paycheck Protection Program (“2021 PPP”) (the “2021 PPP Loan”) from First State Community Bank (the “Lender”). The principal amount of the 2021 PPP Loan is $0.5 million. The 2021 PPP was established under the CARES Act and is administered by the SBA. The 2021 PPP Loan has a five-year term, maturing on March 15, 2026. The interest rate on the 2021 PPP Loan is 1.0% per annum.

 

The Company will not be obligated to make any payments of principal or interest if the Company submits a loan forgiveness application to the Bank within 10 months after the end of the Company’s covered loan forgiveness period (as defined and interpreted by the 2021 PPP Rules) and such loan forgiveness is allowed. Generally, all or a portion of the 2021 PPP Loan may be forgiven if the Company maintains its employment and compensation within certain parameters during the twenty-four (24) week period following the loan origination date and the proceeds of the 2021 PPP Loan are spent on payroll costs, rent or lease agreements dated before February 15, 2020 and utility payments arising under service agreements dated before February 15, 2020.

 

22
 

 

Off-Balance Sheet Arrangements

 

We do not have any off-balance sheet arrangements, as defined in Item 303(a)(4) of Regulation S-K.

 

Critical Accounting Policies and Estimates

 

A summary of our significant accounting policies and estimates is discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations and in Note 1 to our consolidated financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2020. There have been no material changes to those policies for the three months ended March 31, 2021, except as explained below in Accounting Pronouncements Adopted in 2021. The preparation of the condensed consolidated financial statements in accordance with U.S. generally accepted accounting principles requires us to make judgments, estimates and assumptions regarding uncertainties that affect the reported amounts of assets and liabilities. Significant areas of uncertainty that require judgments, estimates and assumptions include the accounting for income taxes and other contingencies as well as valuation of derivative liabilities, asset impairment and collectability of accounts receivable. We use historical and other information that we consider to be relevant to make these judgments and estimates. However, actual results may differ from those estimates and assumptions that are used to prepare our condensed consolidated financial statements.

 

New Accounting Pronouncements

 

See discussion under Note 1, Organization and Summary of Significant Accounting Policies, to the Condensed Consolidated Financial Statements included in Item 1 of Part I of this Quarterly Report on Form 10-Q, for information on new accounting pronouncements.

 

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

Not applicable.

 

ITEM 4. CONTROLS AND PROCEDURES

 

This Report includes the certifications of our Chief Executive Officer and Principal Financial Officer required by Rule 13a-14 of the Securities Exchange Act of 1934 (the “Exchange Act”). See Exhibits 31.1 and 31.2. This Item 4 includes information concerning the controls and control evaluations referred to in those certifications.

 

Evaluation of Disclosure Controls and Procedures

 

We maintain disclosure controls and procedures, as such term is defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934 (the “Exchange Act”), that are designed to ensure that information required to be disclosed in the reports filed or submitted under the Exchange Act, is recorded, processed, summarized, and reported within the time periods specified by the Commission’s rules and forms. Disclosure controls and procedures include controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act are properly recorded, processed, summarized and reported within the time periods required by the Commission’s rules and forms.

 

We carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer (principal executive officer and principal financial officer), of the effectiveness of the design and operation of these disclosure controls and procedures, as such term is defined in Exchange Act Rule 13a-15(e), as of March 31, 2021. Based on this evaluation, the Chief Executive Officer concluded that our disclosure controls and procedures were effective as of March 31, 2021, the end of the period covered by this Quarterly Report on Form 10-Q.

 

23
 

 

There were no changes in our internal control over financial reporting that occurred during the first quarter of 2021 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

PART II

 

ITEM 1. LEGAL PROCEEDINGS

 

We are not aware of any pending or threatened legal proceeding against us that could have a material adverse effect on our business, operating results or financial condition. The medical device industry is characterized by frequent claims and litigation, including claims regarding patent and other intellectual property rights as well as improper hiring practices. As a result, we may be involved in various additional legal proceedings from time to time.

 

Item 1A. Risk Factors

 

Information regarding risk factors appears in Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2020, which was filed with the SEC on March 22, 2021. There have been no material changes from the risk factors previously disclosed in the Annual Report on Form 10-K.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

 

None.

 

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

 

None.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not applicable.

 

ITEM 5. OTHER INFORMATION

 

None.

 

24
 

 

ITEM 6. EXHIBITS

 

Exhibit
Number
  Exhibit Description   Filed Herewith   Incorporated by Reference
herein from
Form or
Schedule
  Filing
Date
 

SEC File/

Reg. Number

                     
                     
10.1*   Patent License Agreement, dated February 25, 2021, between the Company and O2 Design, Inc.   X            
                     
10.2   Promissory Note, dated March 15, 2021, between SINTX Technologies, Inc. and First State Community Bank.       Form 8-K (Exhibit 10.1)   3/19/21   001-33624
                     
10.3   Equity Distribution Agreement, dated as of February 25, 2021, by and between SINTX Technologies, Inc. and Maxim Group LLC        Form 8-K (Exhibit 10.1)   2/26/21   001-33624
                     
31.1   Certificate of the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002   X            
                     
31.2   Certificate of the Principal Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   X            
                     
32   Certifications of the Chief Executive Officer and Principal Accounting Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002   X            
                     
101.INS   XBRL Instance Document   X            
                     
101.SCH   XBRL Taxonomy Extension Schema Document   X            
                     
101.CAL   XBRL Taxonomy Extension Calculation Linkbase Document   X            
                     
101.DEF   XBRL Taxonomy Extension Definition Linkbase Document   X            
                     
101.LAB   XBRL Taxonomy Extension Label Linkbase Document   X            
                     
101.PRE   XBRL Taxonomy Extension Presentation Linkbase Document   X            
*   A portion of Exhibit 10.1 has been omitted as it contains information that (i) is not material and (ii) would be competitively harmful if publicly disclosed.                

 

25
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  SINTX Technologies, Inc.
   
Date: May 13, 2021 /s/ B. Sonny Bal
  B. Sonny Bal
  Chief Executive Officer
(Principal Executive Officer and Principal Financial Officer)

 

26

 

EX-10.1 2 ex10-1.htm

 

Exhibit 10.1

 

Certain Information has been excluded from this Exhibit 10.1 because it is both not material and would likely cause competitive harm to the registrant if publicly disclosed. [***] DENOTES information that has been OMItted.

 

 

 

PATENT LICENSE AGREEMENT

 

 

 

dated February 25, 2021

between

 

SINTX TECHNOLOGIES, INC.

 

and

 

O2 DESIGN, INC.

 

 
 

 

TABLE OF CONTENTS

 

ARTICLE l. DEFINITIONS 3
ARTICLE 2. LICENSE GRANT 5
ARTICLE 3. TERM OF AGREEMENT 5
ARTICLE 4. FEES & ROYALTIES 6
ARTICLE 5. COMMERCIAL DILIGENCE & MILESTONES 7
ARTICLE 6. [RESERVED] 7
ARTICLE 7. MATERIAL SUPPLY AND CONFIDENTIALITY 7
ARTICLE 8. ROYALTY REPORTS 8
ARTICLE 9. PAYMENTS, RECORDS AND AUDITS 8
ARTICLE 10. PATENT PROSECUTION AND MAINTENANCE 9
ARTICLE 11. PATENT MARKING 9
ARTICLE 12. TERMINATION BY LICENSOR 9
ARTICLE 13. TERMINATION BY LICENSEE 10
ARTICLE 14. DISPOSITION OF LICENSED PRODUCTS ON HAND 10
ARTICLE 15. WARRANTY BY LICENSOR 10
ARTICLE 16. INFRINGEMENT 11
ARTICLE 17. INSURANCE 12
ARTICLE 18. WAIVER 12
ARTICLE 19. ASSIGNABILITY 12
ARTICLE 20. INDEMNIFICATION BY LICENSEE 12
ARTICLE 21. NOTICES 13
ARTICLE 22. REGULATORY COMPLIANCE 13
ARTICLE 23. GOVERNING LAW 14
ARTICLE 24. RELATIONSHIP OF PARTIES 14
ARTICLE 25. USE OF NAMES 14
ARTICLE 26. DISPUTE RESOLUTION 14
ARTICLE 27. GENERAL PROVISIONS 15
EXHIBIT A: PATENT RIGHTS 17

 

2
 

 

PATENT LICENSE AGREEMENT

 

THIS EXCLUSIVE LICENSE AGREEMENT (“Agreement”) is made and entered into this 25th day of February 2021 (the “Effective Date”) by and between SINTX TECHNOLOGIES, INC., a State of Delaware, USA corporation, having its principal place of business at 1885 West 2100 South, Salt Lake City, UT 84119, hereinafter referred to as “Licensor,” and O2TODAY DESIGN, INC., a Utah corporation whose principal place of business is 2940 S 300 W, Suite F, South Salt Lake City, UT 84115 (hereinafter referred to as “Licensee”). Licensee and Licensor may be referred to in this Agreement collectively as “Parties” or individually as a “Party”.

 

WITNESSETH

 

WHEREAS, Licensor is the owner of certain inventions which are generally characterized as “Antipathogenic Devices and Methods Thereof,” hereinafter referred to as “the Invention”, which have been invented in the course of research conducted by Licensor;

 

WHEREAS, Licensee wishes to obtain the exclusive rights to use the Invention, and Licensor wishes to grant Licensee an exclusive license for such use under the terms and conditions set forth in the Agreement; and

 

WHEREAS, Licensor and Licensee desire to execute this Agreement in order to grant to Licensee exclusive rights to Licensor’s rights to the Invention (including Patent Rights as defined below) in the Field of Use, subject to the terms and conditions of this Agreement.

 

NOW, THEREFORE, for and in consideration of the covenants, conditions and undertakings hereinafter set forth, the parties hereby agree as follows:

 

ARTICLE l. DEFINITIONS

 

Whenever used in this Agreement, the capitalized terms quoted below will have the meaning ascribed to them in this Section.

 

1.1 Affiliatemeans any company or other business entity that, directly or indirectly, controls, or is controlled by, or is under common control by Licensee. Solely for purposes of this definition, the term “control” means the possession of the power to direct or cause the direction of the management and policies of the entity, whether through ownership of voting securities or by contract. Control will be presumed if an entity owns, either of record or beneficially, at least fifty percent (50%) of the voting stock of the other entity. An entity will be deemed an Affiliate only while such ownership or control relationship continues.
   
1.2 Covered By…” means a claim or claims within any pending or issued patent included in the Patent Rights claiming all, a portion, or a component or step of a Licensed Product or Licensed Method.
   
1.3 Commercially Diligent Efforts” means, with respect to a Licensed Product and/or Licensed Method, the diligent exercise, dedication, and expenditure of efforts, money, personnel, and resources as reasonably needed to develop, manufacture, market, and sell a Licensed Product and/or Licensed Method. Such efforts shall be documented and must be consistent with those utilized by companies of similar size and type that have successfully developed products and services similar to the Licensed Product and/or Licensed Method. At a minimum, Commercially Diligent Efforts shall be based upon the commercialization plan submitted to Licensor by Licensee as required under Article 5. In determining Commercially Diligent Efforts with respect to a particular Licensed Product and/or Licensed Method, Licensee may not reduce such efforts due to the competitive, regulatory, or other impact of any other product or method that it owns, licenses, or is developing or commercializing.

 

3
 

 

1.4 Effective Date means February 19, 2021.
   
 1.5 Entity” means a corporation, an association, a joint venture, a partnership, a trust, a business, an institution, an individual, a government or political subdivision thereof, including an agency or any other organization that can exercise independent legal standing.
   
 1.6 Fair Market Value” means the cash consideration which Licensee would realize from an unaffiliated, unrelated buyer in an arm’s length sale of an identical item sold in the same quantity, under the same terms, and at the same time and place.
   
 1.7 Field of Use” means the use of Si3N4 (Silicon Nitride) materials for the purpose of enhancing the anti-viral properties of the breathing face masks and mask filters.
   
 1.8 Insolvent” means being unable to meet one’s debt obligations to another Entity as such debt obligations become due and not being able to provide reasonable financial assurances of becoming able to meet such obligations.
   
 1.9 Licensed Product” means any product, apparatus, kit, or component part thereof, or any other subject matter, the manufacture, design, creation, use, importation, distribution, or sale of which in the Field of Use is Covered By any claim or claims included within the Patent Rights.
   
 1.10 Licensed Method” means any method, procedure, process, or other subject matter, the practice, manufacture, use, or sale of which in the Field of Use is Covered By any claim or claims included within the Patent Rights.
   
1.11 Net Sales” means the gross revenue and other consideration paid or given to Licensee for Licensed Products and/or Licensed Methods which are sold, leased, or otherwise commercialized by or for Licensee; less the following deductions, directly attributable to the sale of such Licensed Product and/or Licensed Method and specifically identified on the invoice, and borne by the seller to the extent they are included in such gross revenue or other consideration: normal or customary trade, cash and/or quantity discounts actually granted to purchases of a Licensed Product and/or Licensed Method; allowances or credits to third parties for rejections or returns; excise taxes, tariffs and duties applicable to sales of Licensed Product in finished package form that the Licensee has to pay on such sales; and, outbound transportation charges prepaid or allowed.

 

A Licensed Product and/or Licensed Method shall be considered sold when it is shipped, delivered, or invoiced, whichever is earlier. No deductions shall be made from Net Sales for commission paid to individuals whether they are with independent sales agencies or are regularly employed by Licensee and are on its or their payroll, or for the cost of collections. In the event Licensee transfers a Licensed Product to and/or transfers or performs a Licensed Method for a third party in a bona fide arm’s length transaction, for consideration, in whole or in part, other than cash, then the Net Sales price for such Licensed Product and/or Licensed Method shall be deemed to be the standard invoice price then being invoiced by Licensee in an arm’s length transaction with similar companies and in the absence of such standard invoice price, then the reasonable Fair Market Value of the Licensed Product and/or Licensed Method. Components of Net Sales shall be determined in the ordinary course of business using the accrual method of accounting in accordance with generally accepted accounting practices.

 

If Licensee sells, leases, or otherwise commercializes any Licensed Product and/or Licensed Method at a reduced fee or price for the purpose of promoting other products, goods or services or for the purpose of facilitating the sale, license or lease of other products, goods or services, then Licensee shall pay to Licensor a royalty under Article 4 based upon the Fair Market Value of the License Product and/or Licensed Method.

 

4
 

 

1.12 Patent Rights” means and includes all of the following Licensor intellectual property: (a) the United States patents and/or patent applications listed in Exhibit A; (b) United States patents issued from the applications listed in Exhibit A and from divisionals, continuations, and continuations-in-part, of these applications and any reissues of such United States patents; (c) claims of continuation-in-part applications and patents directed to subject matter specifically described in the patent(s) and/or patent application(s) listed in Exhibit A; and (d) claims of all foreign applications and patents which are directed to subject matter specifically described in the United States patents and/or patent applications listed in Exhibit A.
   
1.13 Term Year 1” means a twelve (12) month period beginning on the first day of the Commencement Date (as that term is defined in Section 4.3) and the successive twelve (12) month period thereafter.
   
1.14 Term Year 2” means a twelve (12) month period beginning on the first day immediately following the end of Term Year 1 and the successive twelve (12) month period thereafter.
   
1.15 Territory” means Worldwide.

 

ARTICLE 2. LICENSE GRANT

 

2.1 Exclusive Grant

 

Subject to the terms and conditions set forth herein, and, for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by Licensor, Licensor hereby grants to Licensee a royalty-bearing exclusive license to make, have made, use, and sell any Licensed Product and to practice any Licensed Method in the Field of Use under Licensor’s Patent Rights throughout the Territory. This grant is subject to the payment by Licensee to Licensor of all consideration required under this Agreement and is further subject to rights retained by Licensor to publish the general scientific findings from research conducted in whole or in part by Licensor related to the Patent Rights.

 

2.2 Affiliates

 

Licensee shall not extend the license granted herein to any Affiliate.

 

2.3 Sublicensing

 

Licensee shall not have the right to grant sublicenses of the licenses granted under this Agreement.

 

ARTICLE 3. TERM OF AGREEMENT

 

This Agreement shall be in full force and effect from the Effective Date for the period commencing on the Effective Date and ending on February 18, 2023 (the “Term”). The Term can be extended in writing through mutual agreement by the Parties.

 

5
 

 

ARTICLE 4. FEES & ROYALTIES

 

4.1 License Issue Fee. As consideration for the license to Patent Rights and timely performance of its obligations set forth herein, Licensee shall pay to Licensor a license issue fee of [***] (“License Issue Fee”). The License Issue Fee shall be due and payable in accordance with the following terms:

 

  a. $[***] shall be paid by Licensor to Licensee upon the execution by each Party of this License Agreement (“License Issue Partial Payment”);
     
  b. $[***] shall be paid by Licensor to Licensee through a percentage-based royalty fee payment schedule as follows: Effective as of the Commencement Date (as that term is defined in Section 4.3), Licensor shall pay Licensee a royalty fee equal to [***] percent ([***]%) of the quarterly Net Sales of the Licensed Product and Licensed Methods (“License Issue Royalty Payment”) until such time as the License Issue Royalty Payments have resulted in the complete satisfaction of the License Issue Fee.

 

4.2 Running Royalty. As consideration for the license to Patent Rights under this Agreement, Licensee shall commence payments to Licensor of a percentage-based royalty fee of [***] percent ([***]%) of the quarterly Net Sales of the Licensed Products and Licensed Methods (“Running Royalty”) effective as of, and no earlier than, the Commencement Date. The Running Royalty shall be due and payable within (thirty) 30 days from the end of the calendar quarter in which such Net Sales occurred. To remove any ambiguity, payments owed by Licensee to Licensor for the Running Royalty shall be deemed separate, apart, and in addition to the License Issue Royalty Payment described in Section 4.1(b).
   
4.3 Commencement Date. The date by when the payment schedules for the License Issue Royalty Payment and Running Royalty will go into effect shall be the same date by when the Licensed Products and Licensed Methods become available to sell, either based on an in-hand purchase order or the physical placement of salable Licensed Products in Licensee’s warehouse, whichever comes first (“Commencement Date”). For example, if the Licensed Products and Licensed Methods become available to sell on April 1, 2021, the Commencement Date by when the payment schedules commence for the License Issue Royalty Payment and Running Royalty will be April 1, 2021.

 

Licensor shall fully credit each payment of Running Royalty against any earned quarterly Running Royalty paid by Licensee with respect to the year in which the Running Royalty is due. If the Running Royalty for a particular year is greater than the total actual earned Running Royalties paid for the year, then Licensor shall pay Licensee the difference within forty-five (45) days of year end.

 

4.4 Invalidity of Patent. If any patent or any claim thereof included within Licensor’s Patent Rights shall be found invalid by a court of competent jurisdiction and last resort, from which decision no appeal may be taken, Licensee’s obligation to pay Licensor royalties based on such patent or claim or any claim patentably indistinct therefrom shall cease as of the date of such decision. Licensee shall not, however, be relieved from paying Licensor any royalties, fees, expenses, or other liabilities that accrued prior to the date of such decision or that are based on any of Licensor’s Patent Rights not the subject of such decision.

 

6
 

 

ARTICLE 5. COMMERCIAL DILIGENCE & MILESTONES

 

5.1 Commercial Diligence. Upon execution of this Agreement, Licensee shall diligently proceed with Commercially Diligent Efforts to develop, manufacture, practice, sell, and use the Licensed Products and/or Licensed Methods within the Field of Use in order to make them readily available to the general public as soon as possible on commercially reasonable terms. Licensee shall continue active, Commercially Diligent Efforts for one or more Licensed Products and/or Licensed Methods within the Field of Use throughout the term of this Agreement (“Actively Commercializing”). In addition, Licensee shall perform at least the following obligations as part of its due diligence activities hereunder:

 

  a. Licensee shall exercise Commercially Diligent Efforts to develop an anti-viral mask by March 31, 2021.
     
  b. Licensee shall achieve a minimum amount of Net Sales for each year as provided below:

 

i.        Term Year 1: $[***]

 

ii.       Term Year 2: $[***]

 

5.2 Extension of Due Diligence Milestones. If, despite using Commercially Diligent Efforts, Licensee is unable to meet any of the foregoing due diligence milestones, Licensor agrees to grant to Licensee, upon Licensee’s request a three-month extension of time to meet any missed milestone. Licensor has the option, but no obligation, to grant Licensee more than one (1) three-month extension.

 

ARTICLE 6. [RESERVED]

 

ARTICLE 7. MATERIAL SUPPLY AND CONFIDENTIALITY

 

7.1 Confidentiality. Licensee and Licensor acknowledge that either Party may provide certain information to the other regarding the Combined Inventions that is considered to be confidential. Licensee and Licensor shall take all reasonable precautions to protect such confidential information. Such precautions shall involve at least the same degree of care and precaution that the recipient customarily uses to protect its own confidential information, but in no circumstance less than reasonable care.
   
7.2 Material Supply. Licensor agrees to supply to Licensee, Licensee’s commercially reasonable requirements of Licensor’s sintered silicon nitride powder (the “Material”). The initial purchase price for the Material will be $[***] per kilogram of Material. Licensor agrees to exercise commercially reasonable efforts to manufacture the Material more efficiently and to pass on any savings to Licensee.
   
7.3 Supply Agreement. The Parties agree to enter into a commercially standard supply agreement (“Supply Agreement”) within 30 days of execution of this Agreement. The Supply Agreement will address, among other things, reasonable forecasting requirements and commitments, requirements, and specifications relating to the delivery of the Material, shipping requirements, product acceptance, rejection and returns, recalls, quality control and assurance, regulatory matters, returns, liability, indemnification, and other topics addressed in industry standard supply agreements for comparable types of products to be used in the medical industry.

 

7
 

 

ARTICLE 8. ROYALTY REPORTS

 

8.1 Annual and Quarterly Royalty Report. Within thirty (30) days after the calendar year in which Net Sales first occur, and within thirty (30) days after each calendar quarter thereafter, Licensee shall provide Licensor with a written report detailing all sales and uses, if any, made of Licensed Products and/or Licensed Methods during the preceding calendar quarter, and detailing the amount of Net Sales made during such quarter and calculating the royalties due to Licensor pursuant to Article 4 hereof (“Royalty Report”). Each Royalty Report shall include, at minimum, the following information and data:

 

  a. number or volume of Licensed Products manufactured, leased, and sold by and/or for Licensee;
     
  b. accounting for all Licensed Methods used or sold by and/or for Licensee:
     
  c. accounting for Net Sales, noting the deductions applicable as provided in Section 1.11;
     
  d. total royalties owed to Licensor pursuant to Article 4 of this Agreement.

 

Each Royalty Report shall be signed by an officer of Licensee (or the officer’s authorized designee). With each such report submitted, Licensee shall pay to Licensor the royalties and fees due and payable under this Agreement. If no royalties shall be due, Licensee shall so report. Licensee’s failure to submit a royalty report in the required form will, constitute a breach of this Agreement. Licensee will continue to deliver royalty reports to Licensor after the termination or expiration of this Agreement until such time as all Licensed Product(s) and/or Licensed Method(s) permitted to be sold after termination have been sold or destroyed.

 

8.2 Progress Report and Commercialization Plan. Commencing on December 31, 2021, and on each one-year anniversary thereafter, Licensee shall submit to Licensor a written report covering Licensee’s progress in (a) development and testing of all Licensed Products and Licensed Methods (from information and data reasonably available to Licensee), (b) achieving the due diligence milestones specified herein and (c) preparing, filing, and obtaining of any approvals necessary for marketing the Licensed Products and Licensed Methods.

 

ARTICLE 9. PAYMENTS, RECORDS AND AUDITS

 

9.1 Payments. Licensee shall pay all licensee fees, royalties and minimum annual royalties accruing to Licensor in U.S. Dollars, without deduction of exchange, collection, wiring fees, bank fees, or any other charges. Unless otherwise provided for, such payments are due within thirty (30) days. All payments to Licensor will be made in United States Dollars by wire transfer.

 

For converting any Net Sales made in a currency other than United States Dollars, the Parties will use the conversion rate published in the Wall Street Journal/Telegraphic Transfer Selling conversion rate reported by the Sumitomo Bank, Tokyo, or other industry standard conversion rate approved in writing by Licensor for the last day of the calendar quarter for which such royalty payment is due or, if the last day is not a business day, the closest preceding business day.

 

9.2 Late Payments. In the event royalty payments or other fees are not received by Licensor when due hereunder, Licensee shall pay to Licensor interest charges at the rate of eighteen percent (18%) per annum on the total royalties or fees due for the reporting period.

 

8
 

 

9.3 Records. Licensee shall keep complete, true, and accurate records and books containing all particulars that may be necessary for the purpose of showing the amounts payable to Licensor hereunder. Records and books shall be kept at Licensee’s principal place of business or the principal place of business of the appropriate division of Licensee to which this Agreement relates.

 

9.4 Audit. Such books and the supporting data shall be open to inspection by Licensor or its agents once per calendar year, upon reasonable prior notice to Licensee, during regular business hours for a term of five (5) years following the end of the calendar year to which they pertain for the purpose of verifying Licensee’s royalty statement or compliance in other respects with this Agreement. Such access will be available to Licensor upon not less than ten (10) business days written notice to Licensee, not more than once each calendar year of the Term, during normal business hours, and once a year for three (3) years after the expiration or termination of this Agreement. Should such inspection lead to the discovery of a greater than five percent (5%) or twenty thousand dollars ($20,000) discrepancy in reporting to Licensor’s detriment, Licensee agrees to pay the full cost of such inspection. Whenever Licensee has its books and records audited by an independent certified public accountant, Licensee will, within thirty (30) days of the conclusion of such audit, provide Licensor with a written statement, certified by said auditor, setting forth the calculation of royalties due to Licensor over the time period audited as determined from the books and records of Licensee.

 

ARTICLE 10. PATENT PROSECUTION AND MAINTENANCE

 

Licensor shall be responsible for the prosecution and maintenance of the Patent Rights.

 

ARTICLE 11. PATENT MARKING

 

Licensee shall permanently and legibly mark all Licensed Products made, used, or sold under the terms of this Agreement, or their containers, in accordance with all applicable patent-marking and notice provisions under Title 35, United States Code or other law or regulation of the applicable jurisdiction where Licensed Products or sold.

 

ARTICLE 12. TERMINATION BY LICENSOR

 

12.1 If Licensee should: (a) fail to deliver to Licensor any statement or report required hereunder when due; (b) fail to make any payment at the time that the same should be due; (c) violate or fail to perform any material covenant, condition, or undertaking of this Agreement to be performed by it hereunder; (d) cease Commercially Diligent Efforts to commercialize a Licensed Product(s); (e) file a bankruptcy action, or have a bankruptcy action against it, or become Insolvent; or (f) enter into a composition with creditors, or have a receiver appointed for it; then Licensor may give written notice of such default to Licensee. If Licensee should fail to cure such default within ninety (90) days of such notice, the rights, privileges, and license granted hereunder shall automatically terminate.
   
12.2 If Licensee shall cease to carry on its business with respect to the rights granted in this Agreement, this Agreement shall terminate upon thirty (30) days written notice by Licensor.
   
12.3 No termination of this Agreement by Licensor shall relieve Licensee of its obligation to pay any monetary obligation due or owing at the time of such termination and shall not impair any accrued right of Licensor. Articles 7, 9, 14, 20, 21, 23, 25, 26, and Section 12.3, 15.2, 15.3, and 27.8 hereof shall survive any termination of this Agreement.

 

9
 

 

ARTICLE 13. TERMINATION BY LICENSEE

 

13.1 Licensee may terminate this Agreement, in whole or as to any specified patent, at any time and from time to time without cause, by giving written notice thereof to Licensor. Such termination shall be effective one hundred twenty (120) days after such notice and all Licensee’s rights associated therewith shall cease as of that date.
   
13.2 Any termination pursuant to Section 13.1 hereof shall not relieve Licensee of any obligation or liability accrued hereunder prior to such termination, or rescind or give rise to any right to rescind any payments made or other consideration given to Licensor hereunder prior to the time such termination becomes effective. Such termination shall not affect in any manner any rights of Licensor arising under this Agreement prior to the date of such termination.

 

ARTICLE 14. DISPOSITION OF LICENSED PRODUCTS ON HAND

 

Upon expiration or termination of this Agreement by either Party, Licensee shall provide Licensor with a written inventory of all Licensed Products in process of manufacture, in use or in stock. Licensee may dispose of any such Licensed Products within the ninety (90) day period following such expiration or termination, provided, however, that Licensee shall pay royalties and render reports to Licensor thereon in the manner specified herein.

 

ARTICLE 15. WARRANTY BY LICENSOR

 

15.1 Licensor warrants that it has the lawful right to grant the licenses set forth in this Agreement.
   
15.2 EXCEPT AS EXPRESSLY PROVIDED IN SECTION 15.1, THE PARTIES ACKNOWLEDGE AND AGREE THAT LICENSOR HAS MADE NO REPRESENTATIONS OR WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO, WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. IN NO EVENT SHALL LICENSOR BE HELD RESPONSIBLE FOR ANY SPECIAL, INDIRECT, OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE USE OF PATENT RIGHTS, EVEN IF LICENSOR IS ADVISED IN ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES.

 

15.3 Nothing in this Agreement shall be construed as:

 

  a. a warranty or representation by Licensor as to the validity or scope of any Patent Rights;
     
  b. a warranty or representation by Licensor that anything made, used, sold or otherwise disposed of pursuant to any license granted under this Agreement is or will be free from infringement of intellectual property rights of third parties;
     
  c. an obligation by Licensor to bring or prosecute actions or suits against third parties for patent infringement, except as expressly provided in Article 16 hereof; or
     
  d. conferring by implication, estoppel, or otherwise any license or rights under any patents of Licensor other than Patent Rights.

 

10
 

 

15.4 Any breach of the representations or warranties made in this Article 15 shall entitle Licensee to a refund of all payments made to Licensor as consideration for the rights granted under this Agreement, and said refund shall be the sole remedy available to Licensee for breach or violation of any provisions contained in this Article.

 

ARTICLE 16. INFRINGEMENT

 

16.1 Claims of Infringement Against Licensee. If any third-party claims infringement or misappropriation against Licensee as a result of such party’s use of the Patent Rights, then Licensee shall promptly notify Licensor thereof in writing, setting forth the facts of such claim in reasonable detail. As between the Parties to this Agreement, Licensee shall have the first and primary right and responsibility at its own expense to defend and control the defense of any such claim against Licensee, by counsel of its own choosing. Licensee shall be free to enter into a settlement, consent judgment, or other voluntary disposition of any such claim, provided that any settlement, consent judgment or other voluntary disposition of any such claim which (i) materially limits the scope, validity, or enforceability of any portion of the Patent Rights or (ii) admits fault or wrongdoing on the part of Licensor must be approved by Licensor, in its sole discretion, not to be unreasonably withheld. Licensee’s request for such approval shall include complete copies of final settlement documents, a detailed summary of such settlement, and any other information material to such settlement. Licensor shall provide Licensee notice of its approval or denial within fifteen (15) business days of any request for such approval by Licensee, provided that (i) in the event Licensor wishes to deny such approval, such notice shall include a written description of Licensor’s reasonable objections to the proposed settlement, consent judgment or other voluntary disposition and (ii) Licensor shall be deemed to have approved of such proposed settlement, consent judgment or other voluntary disposition in the event it fails to provide such notice within such fifteen (15) day period in accordance herewith. Any amounts paid to any third party as damages or other compensation with respect to infringement of a third party’s rights shall be treated as third party royalties that Licensee shall be entitled to deduct an amount equal to fifty percent (50%) of any royalties due Licensor hereunder, provided that in no event shall the royalties due hereunder be less than fifty percent (50%) of the royalties that would be payable to Licensor absent the effects of this section 16.1.

 

16.2 Infringement of Patent Rights by Third Parties.

 

  a. If either Party learns of a claim of infringement of any of Licensor’s Patent Rights licensed under this Agreement, that Party shall give written notice of such claim to the other Party. Licensee shall then use Commercially Diligent Efforts to terminate such infringement. In the event Licensee fails to abate the infringing activity within ninety (90) days after such written notice or to bring legal action against the third party, Licensor may bring suit for patent infringement. No settlement, consent judgment, or other voluntary final disposition of the suit may be entered into without the consent of Licensor, which consent shall not be unreasonably withheld.
     
  b. Any such legal action shall be at the expense of the Party by whom suit is filed, hereinafter referred to as the “Litigating Party”. Any damages or costs recovered by the Litigating Party in connection with a legal action filed by it hereunder, shall first go to Litigating Party to reimburse it for costs and expenses (including legal fees) incurred in bringing such action and then to the non-Litigating Party to reimburse it for its costs, if any, incurred in supporting such legal action. Direct damages shall be treated as Net Sales and subject to royalties or other payments due to Licensor under Article 4. Willful or treble damages shall be split seventy percent (70%) to the Litigating Party and thirty percent (30%) to the non-Litigating Party.
     
  c. Licensee and Licensor shall cooperate with each other in litigation proceedings instituted hereunder, provided that such cooperation shall be at the expense of the Litigating Party, and such litigation shall be controlled by the Litigating Party.

 

11
 

 

ARTICLE 17. INSURANCE

 

17.1 Insurance Requirements. Beginning at the time any Licensed Product and/or Licensed Method is being distributed or sold (including for the purpose of obtaining any required regulatory approvals) by Licensee, Licensee will, at its sole cost and expense, procure, and maintain commercial general liability insurance issued by an insurance carrier with an A.M. Best rating of “A” or better in such amounts as are customary in the industry for products of the type to be commercialized by Licensee.
   
17.2 Evidence of Insurance and Notice of Changes. Licensee will provide Licensor with written evidence of such insurance upon request by Licensor. Licensee will provide Licensor with written notice of at least thirty (30) days prior to the cancellation, non-renewal, or material change in such insurance.
   
17.3 Continuing Insurance Obligations. Licensee will maintain such commercial general liability insurance beyond the expiration or termination of this Agreement during (i) the period that any Licensed Product(s) and/or Licensed Service(s) developed pursuant to this Agreement is being commercially distributed or sold by Licensee; and (ii) for five (5) years after such period.

 

ARTICLE 18. WAIVER

 

No waiver by either Party hereto of any breach or default of any of the covenants or agreements herein set forth shall be deemed a waiver as to any subsequent and/or similar breach or default.

 

ARTICLE 19. ASSIGNABILITY

 

This Agreement is not assignable or otherwise transferable (including by operation of law, merger, or other business combination) by Licensee without the prior written consent of Licensor. The failure of Licensee to comply with the terms of this paragraph shall be grounds for termination of the Agreement by Licensor under Article 12. In the event that written consent is provided by Licensor, Licensee will pay to Licensor a non-refundable fee of fifty thousand dollars ($50,000.00).

 

ARTICLE 20. INDEMNIFICATION BY LICENSEE

 

LICENSEE SHALL INDEMNIFY, HOLD HARMLESS AND DEFEND LICENSOR AND ITS RESPECTIVE OFFICERS, DIRECTORS, TRUSTEES, EMPLOYEES AND AGENTS (COLLECTIVELY, “INDEMNITIES”) AGAINST ANY AND ALL CLAIMS, SUITS, LOSSES, DAMAGES, COSTS, LIABILITIES, FEES AND EXPENSES (INCLUDING REASONABLE FEES OF ATTORNEYS) (COLLECTIVELY, “CLAIMS”) BASED ON, RESULTING FROM OR ARISING OUT OF: (I) THE EXERCISE OF ANY LICENSE GRANTED UNDER THIS AGREEMENT, WHETHER BY LICENSEE,; OR (II) ANY ACT, ERROR, OR OMISSION OF LICENSEE, OR ANY OF THE OFFICERS, DIRECTORS, EMPLOYEES OR AGENTS OF THE FOREGOING, INCLUDING WITHOUT LIMITATION ANY BREACH OF THIS AGREEMENT, ANY CLAIM OF NEGLIGENT ACTS OR OMISSIONS OR MISCONDUCT, AND ANY PRODUCT LIABILITY CLAIM, ANY ASSERTED OR ESTABLISHED VIOLATION OF APPLICABLE LAW, REGULATION, RULE OR ORDER, AND ANY CLAIM OF INFRINGEMENT OF A THIRD PARTY’S INTELLECTUAL PROPERTY RIGHTS; EXCEPT TO THE EXTENT SUCH CLAIMS RESULT SOLELY FROM GROSSLY NEGLIGENT ACTS OR OMISSIONS, OR WILLFUL MISCONDUCT OF AN INDEMNITEE. LICENSEE SHALL GIVE LICENSOR TIMELY NOTICE OF ANY CLAIM OR SUIT INSTITUTED OF WHICH LICENSEE HAS KNOWLEDGE THAT IN ANY WAY, DIRECTLY OR INDIRECTLY, AFFECTS OR MIGHT AFFECT LICENSOR, AND LICENSOR SHALL HAVE THE RIGHT AT ITS OWN EXPENSE TO PARTICIPATE IN THE DEFENSE OF THE SAME.

 

12
 

 

ARTICLE 21. NOTICES

 

Any payment, notice or other communication required or permitted to be given to either Party hereto shall be in writing and shall be deemed to have been properly given and effective: (a) on the date of delivery if delivered in person during recipient’s normal business hours; or (b) on the date of attempted delivery if delivered by courier, express mail service or first-class mail, registered or certified. Such notice shall be sent or delivered to the respective addresses given below, or to such other address as either Party shall designate by written notice given to the other Party as follows:

 

In the case of Licensor:

 

  SINTX Technologies, Inc.
  1885 West 2100 South
  Salt Lake City, Utah 84119
  Attn: David O’Brien, COO

 

In the case of Licensee:

 

  O2 DESIGN, INC.
  2940 S 300 W
  Suite F
  South Salt Lake City, UT 84115
  Attn: Bruce Lorange, CEO

 

ARTICLE 22. REGULATORY COMPLIANCE

 

22.1 When required by local/national law, Licensee shall register this Agreement, pay all costs and legal fees connected therewith, and otherwise ensure that the local/national laws affecting this Agreement are fully satisfied.
   
22.2 Licensee shall comply with all applicable U.S. laws dealing with the export and/or management of technology or information. Licensee understands that the Arms Export Control Act (AECA), including its implementing International Traffic In Arms Regulations (ITAR,) and the Export Administration Act (EAA), including its Export Administration Regulations (EAR), are some (but not all) of the laws and regulations that comprise the U.S. export laws and regulations. Licensee further understands that the U.S. export laws and regulations include (but are not limited to): (1) ITAR and EAR product/service/data-specific requirements; (2) ITAR and EAR ultimate destination-specific requirements; (3) ITAR and EAR end user-specific requirements; (4) ITAR and EAR end use-specific requirements; (5) Foreign Corrupt Practices Act; and (6) anti-boycott laws and regulations. Licensee will comply with all then-current applicable export laws and regulations of the U.S. Government (and other applicable U.S. laws and regulations) pertaining to the Licensed Product(s) and/or Licensed Method(s) (including any associated products, items, articles, computer software, media, services, technical data, and other information). Licensee certifies that it will not, directly or indirectly, export (including any deemed export), nor re-export (including any deemed re-export) the Licensed Product(s) and/or Licensed Method(s) (including any associated products, items, articles, computer software, media, services, technical data, and other information) in violation of U.S. export laws and regulations or other applicable U.S. laws and regulations.

 

13
 

 

ARTICLE 23. GOVERNING LAW

 

This Agreement shall be interpreted and construed in accordance with the laws of the State of Utah, without application of any principles of choice of laws.

 

ARTICLE 24. RELATIONSHIP OF PARTIES

 

In assuming and performing the respective obligations under this Agreement, Licensee and Licensor are each acting as independent parties, and neither shall be considered or represent itself as a joint venture, partner, agent or employee of the other.

 

ARTICLE 25. USE OF NAMES

 

25.1 By Licensee. Licensee may use the name “SINTX Technologies” in factually based materials related to the Licensed Products and/or Licensed Method(s) and the business of the Licensee. All such uses shall require prior consent from Licensor.
   
25.2 By Licensor. Licensor may use Licensee’s name in connection with Licensor’s publicity related to Licensor’s intellectual property and commercialization achievements.

 

ARTICLE 26. DISPUTE RESOLUTION

 

Except for the right of either Party to apply to a court of competent jurisdiction for a temporary restraining order, a preliminary injunction, or other equitable relief to preserve the status quo or prevent irreparable harm, any and all claims, disputes or controversies arising under, out of, or in connection with the Agreement, including but not limited to any dispute relating to patent validity or infringement, which the Parties shall be unable to resolve within sixty (60) days shall be mediated in good faith. The Party raising such dispute shall promptly advise the other Party of such dispute. By not later than five (5) business days after the recipient has received such notice of dispute, each Party shall have selected for itself a representative who shall have the authority to bind such Party and shall additionally have advised the other Party in writing of the name and title of such representative. By not later than ten (10) days after the date of such notice of dispute, the Party against whom the dispute shall be raised shall select a mediator in the Salt Lake City area and such representatives shall schedule a date with such mediator for a hearing. The Parties shall enter into good faith mediation and shall share the costs equally. If the representatives of the Parties have not been able to resolve the dispute within fifteen (15) business days after such mediation hearing, then any and all claims, disputes or controversies arising under, out of, or in connection with this Agreement, including any dispute relating to patent validity or infringement, shall be resolved through arbitration if the Parties mutually consent, or through any judicial proceeding either in the courts of the State of Utah or in the United States District Court for the District of Utah, to whose jurisdiction for such purposes Licensee and Licensor each hereby irrevocably consents and submits. All costs and expenses, including reasonable attorneys’ fees, of the prevailing Party in connection with resolution of a dispute by arbitration or litigation of such controversy or claim shall be borne by the other Party.

 

14
 

 

ARTICLE 27. GENERAL PROVISIONS

 

27.1 Headings. The headings and captions appearing in this Agreement have been inserted for the purposes of convenience and ready reference only and do not purport to and shall not be deemed to define, limit, or extend the scope or intent of the provisions to which they appertain.
   
27.2 Signatures Required. This Agreement shall not be binding upon the Parties until it has been signed below by or on behalf of each Party.
   
27.3 Modification or Amendment. No modification to, amendment of, or other change in this Agreement shall be valid or binding upon the Parties unless it is made in writing and signed by authorized representatives of both Parties.
   
27.4 Complete Agreement. This Agreement embodies the entire understanding of the parties and supersedes all previous communications, representations or understandings, either oral or written, between the parties relating to the subject matter thereof.
   
27.5 Severability. If any provision of this Agreement or the application of such provision to any Person or circumstance shall be held invalid, the remainder of this Agreement or the application of such provision to Persons or circumstances other than those to which it is held invalid shall not be affected thereby.
   
27.6 Counterparts. This Agreement may be signed in counterparts, each of which when taken together shall constitute one fully executed document. Each individual executing this Agreement on behalf of a legal Entity does hereby represent and warrant to each other person so signing that he or she has been duly authorized to execute this Agreement on behalf of such Entity.
   
27.7 Force Majeure. Any delays in or failure of performance hereunder shall not constitute a default hereunder if and to the extent such delay or failure of performance is caused by occurrences beyond the reasonable control of Licensee, including acts of God or the public enemy; compliance with any order or request of any governmental authority, law, regulation, or ordinance; pandemic; acts of war; riots or strikes or other concerted acts of personnel; or any other causes beyond the reasonable control of Licensee, whether or not of the same class or kind as those specifically identified above; provided that Licensee must promptly notify Licensor in writing and furnish all relevant information concerning the event of force majeure; use reasonable efforts to avoid or remove the cause of its nonperformance; and proceed to perform its obligations with dispatch when such cause is removed.
   
27.8 Attorneys’ Fees. In the event of any litigation, arbitration, enforcement, judicial reference, or other legal proceeding involving the Parties to this Agreement to enforce any provision of this Agreement, to enforce any remedy available upon default under this Agreement, or seeking a declaration of the rights of either Party under this Agreement, the prevailing Party shall be entitled to recover from the other such attorneys’ fees and costs as may be reasonably incurred, including the costs of reasonable investigation, preparation and professional or expert consultation incurred by reason of such litigation, arbitration, judicial reference, or other legal proceeding.
   
27.9 Non-Disclosure. Except as required by law, neither Party may disclose the financial terms of this Agreement without the prior written consent of the other Party, provided that Licensor may disclose such terms as required by the laws, rules, and regulations of the United States Securities and Exchange Commission.

 

15
 

 

IN WITNESS WHEREOF, Licensor and Licensee have executed this Agreement by their respective officers hereunto duly authorized, on the day and year first above written.

 

  O2 DESIGN, INC.,
  a Utah corporation
     
  By: /s/ Bruce Lorange                        
  Name: Bruce Lorange
  Title: Chief Executive Officer
     
  “Licensee”

 

  SINTX TECHNOLOGIES, INC.,
  a Delaware corporation
     
  By: /s/ B. Sonny Bal                                            
  Name: B. Sonny Bal, M.D.
  Title: Chief Executive Officer and President
     
  “Licensor”

 

16
 

 

EXHIBIT A: PATENT RIGHTS

 

Ownership  

Application No. /

Date of Filing

  Title

 

SINTX Technologies, Inc.

 

 

US Publication No. 2020/00779651

August 26, 2019

 

 

Antipathogenic Compositions and Methods Thereof

 

SINTX Technologies, Inc.

 

 

PCT No. WO 2020/051004 A1

August 26, 2019

 

 

Antipathogenic Compositions and Methods Thereof

 

17

 

EX-31.1 3 ex31-1.htm

 

Exhibit 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

 

I, B. Sonny Bal, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of SINTX Technologies, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date: May 13, 2021 By: /s/ B. Sonny Bal
    B. Sonny Bal
    Chief Executive Officer

 

 

 

EX-31.2 4 ex31-2.htm

 

Exhibit 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

 

I, B. Sonny Bal, certify that:

 

1. I have reviewed this quarterly report on Form 10-Q of SINTX Technologies, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

 

Date: May 13, 2021 By: /s/ B. Sonny Bal
    B. Sonny Bal
    Chief Executive Officer and Principal Financial Officer

 

 

 

 

EX-32 5 ex32.htm

 

Exhibit 32

 

CERTIFICATIONS UNDER SECTION 906

 

Pursuant to section 906 of the Sarbanes-Oxley Act of 2002 (subsections (a) and (b) of section 1350, chapter 63 of title 18, United States Code), each of the undersigned officers of SINTX Technologies, Inc., a Delaware corporation (the “Company”), does hereby certify, to such officer’s knowledge, that:

 

The quarterly report for the quarter ended March 31, 2021 (the “Form 10-Q”) of the Company fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, and the information contained in the Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: May 13, 2021 By: /s/ B. Sonny Bal
    B. Sonny Bal
    Chief Executive Officer
     
  By: /s/ B. Sonny Bal
    B. Sonny Bal
    Principal Financial Officer

 

 

 

 

EX-101.INS 6 sint-20210331.xml XBRL INSTANCE FILE 0001269026 srt:MinimumMember 2021-01-01 2021-03-31 0001269026 us-gaap:TrademarksMember 2020-12-31 0001269026 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2020-12-31 0001269026 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2020-12-31 0001269026 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2020-12-31 0001269026 us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2020-12-31 0001269026 2020-12-31 0001269026 SINT:CommonStockWarrantsMember 2021-01-01 2021-03-31 0001269026 2018-10-02 0001269026 2018-09-29 2018-10-02 0001269026 us-gaap:CommonStockMember 2019-12-31 0001269026 us-gaap:AdditionalPaidInCapitalMember 2019-12-31 0001269026 us-gaap:RetainedEarningsMember 2019-12-31 0001269026 SINT:CommonStockWarrantsMember 2019-12-31 0001269026 SINT:SeriesBConvertiblePreferredStockMember 2020-12-31 0001269026 2019-06-07 0001269026 SINT:ATMEquityDistributionAgreementMember srt:MaximumMember 2019-01-01 2019-12-31 0001269026 SINT:SeriesBConvertiblePreferredStockMember 2021-03-31 0001269026 SINT:SeriesCConvertiblePreferredStockMember 2021-03-31 0001269026 SINT:SeriesCConvertiblePreferredStockMember 2020-12-31 0001269026 2020-01-01 2020-03-31 0001269026 us-gaap:CommonStockMember 2020-12-31 0001269026 us-gaap:AdditionalPaidInCapitalMember 2020-12-31 0001269026 us-gaap:RetainedEarningsMember 2020-12-31 0001269026 2020-02-05 2020-02-06 0001269026 SINT:ATMEquityDistributionAgreementMember 2020-01-01 2020-12-31 0001269026 us-gaap:TrademarksMember 2021-03-31 0001269026 us-gaap:FairValueInputsLevel1Member us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2021-03-31 0001269026 us-gaap:FairValueInputsLevel2Member us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2021-03-31 0001269026 us-gaap:FairValueInputsLevel3Member us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2021-03-31 0001269026 us-gaap:FairValueMeasurementsRecurringMember SINT:CommonStockWarrantsMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember 2020-01-01 2020-03-31 0001269026 SINT:CommonStockWarrantsMember 2020-12-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputRiskFreeInterestRateMember srt:MinimumMember 2020-12-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputRiskFreeInterestRateMember srt:MaximumMember 2020-12-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputExpectedTermMember srt:MinimumMember 2020-12-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputExpectedTermMember srt:MaximumMember 2020-12-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputExpectedDividendRateMember 2020-12-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputOptionVolatilityMember srt:MinimumMember 2020-12-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputOptionVolatilityMember srt:MaximumMember 2020-12-31 0001269026 SINT:SeriesCPreferredStockPurchaseWarrantMember 2020-02-29 0001269026 SINT:SeriesCPreferredStockPurchaseWarrantMember 2020-02-01 2020-02-29 0001269026 SINT:WarrantsExercisableMember 2020-02-01 2020-02-29 0001269026 SINT:PreferredSharesMember 2020-02-01 2020-02-29 0001269026 SINT:SeriesCConvertiblePreferredStockMember us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001269026 SINT:TwoThousandAndTwentyPPPLoanMember 2020-04-28 0001269026 SINT:TwoThousandAndTwentyPPPLoanMember 2020-04-27 2020-04-28 0001269026 2021-03-31 0001269026 SINT:SharePurchaseAgreementMember 2020-06-22 2020-06-23 0001269026 SINT:SharePurchaseAgreementMember 2020-06-23 0001269026 SINT:SharePurchaseAgreementMember 2020-06-26 0001269026 SINT:SharePurchaseAgreementMember 2020-06-25 2020-06-26 0001269026 SINT:SharePurchaseAgreementMember 2020-07-16 0001269026 SINT:SharePurchaseAgreementMember 2020-07-15 2020-07-16 0001269026 SINT:SeriesBConvertiblePreferredStockMember us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001269026 SINT:HoldersOfWarrantsOneMember 2021-01-01 2021-03-31 0001269026 SINT:HoldersOfWarrantsOneMember us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001269026 SINT:HoldersOfWarrantsTwoMember 2021-01-01 2021-03-31 0001269026 SINT:HoldersOfWarrantsTwoMember us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001269026 SINT:HoldersOfWarrantsMember 2021-01-01 2021-03-31 0001269026 SINT:SharePurchaseAgreementMember 2020-08-04 0001269026 SINT:SharePurchaseAgreementMember 2020-08-03 2020-08-04 0001269026 SINT:TwentyTwentyMember SINT:BoardOfDirectorMember 2021-01-01 2021-03-31 0001269026 SINT:PreferredBStockMember 2019-12-31 0001269026 SINT:PreferredCStockMember 2019-12-31 0001269026 SINT:PreferredBStockMember 2020-12-31 0001269026 SINT:PreferredCStockMember 2020-12-31 0001269026 SINT:TwoRegisteredDirectOfferingMember 2020-06-29 2020-06-30 0001269026 SINT:SharePurchaseAgreementMember 2020-07-01 2020-08-31 0001269026 SINT:NonExecutiveMember 2021-01-01 2021-03-31 0001269026 2021-05-10 0001269026 SINT:PreferredBStockMember 2020-01-01 2020-03-31 0001269026 SINT:PreferredBStockMember 2020-03-31 0001269026 SINT:PreferredBStockMember 2021-03-31 0001269026 SINT:PreferredCStockMember 2020-01-01 2020-03-31 0001269026 SINT:PreferredCStockMember 2020-03-31 0001269026 SINT:PreferredCStockMember 2021-03-31 0001269026 us-gaap:CommonStockMember 2020-01-01 2020-03-31 0001269026 us-gaap:CommonStockMember 2021-01-01 2021-03-31 0001269026 us-gaap:CommonStockMember 2020-03-31 0001269026 us-gaap:CommonStockMember 2021-03-31 0001269026 us-gaap:AdditionalPaidInCapitalMember 2020-01-01 2020-03-31 0001269026 us-gaap:AdditionalPaidInCapitalMember 2021-01-01 2021-03-31 0001269026 us-gaap:AdditionalPaidInCapitalMember 2020-03-31 0001269026 us-gaap:AdditionalPaidInCapitalMember 2021-03-31 0001269026 us-gaap:RetainedEarningsMember 2020-01-01 2020-03-31 0001269026 us-gaap:RetainedEarningsMember 2021-01-01 2021-03-31 0001269026 us-gaap:RetainedEarningsMember 2020-03-31 0001269026 us-gaap:RetainedEarningsMember 2021-03-31 0001269026 2019-12-31 0001269026 2020-03-31 0001269026 SINT:CommonStockWarrantsMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember 2020-03-31 0001269026 SINT:EquityDistributionAgreementMember SINT:MaximGroupLLCMember 2021-02-24 2021-02-25 0001269026 SINT:FourRegisteredDirectOfferingMember 2021-01-01 2021-03-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputExpectedDividendRateMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputRiskFreeInterestRateMember srt:MinimumMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputRiskFreeInterestRateMember srt:MaximumMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputExpectedTermMember srt:MinimumMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputExpectedTermMember srt:MaximumMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputOptionVolatilityMember srt:MinimumMember 2021-03-31 0001269026 SINT:CommonStockWarrantsMember SINT:BlackScholesMertonValuationModelMember us-gaap:MeasurementInputOptionVolatilityMember srt:MaximumMember 2021-03-31 0001269026 SINT:TwoThousandAndTwentyOnePPPLoanMember 2021-03-14 2021-03-15 0001269026 SINT:TwoThousandAndTwentyOnePPPLoanMember 2021-03-15 0001269026 SINT:TwoThousandAndTwentyOneEquityDistributionAgreementMember SINT:MaximGroupLLCMember 2021-02-24 2021-02-25 0001269026 us-gaap:EmployeeStockOptionMember 2021-03-31 0001269026 srt:MaximumMember 2021-01-01 2021-03-31 0001269026 2021-01-01 2021-03-31 0001269026 us-gaap:EmployeeStockOptionMember 2021-03-31 0001269026 us-gaap:EmployeeStockOptionMember 2021-01-01 2021-03-31 0001269026 SINT:StockGrantsMember 2021-03-31 0001269026 SINT:StockGrantsMember 2021-01-01 2021-03-31 0001269026 SINT:TwoThousandAndTwentyPPPLoanMember 2021-01-04 2021-01-05 0001269026 SINT:NonExecutiveMember 2021-03-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure utr:sqft 0.01 0.01 0.01 0.01 0.01 0.01 250000000 250000000 24552409 24684574 24552409 24684574 0.01 0.01 0.01 0.01 1169000 1169000 -2633000 -2633000 9440 6372000 6372350 1890 130275 -9208 6215742 9400000 200000 196000 130000000 130000000 130000000 130000000 26 26 51 51 26 26 51 51 25351000 23471000 1787000 8224000 25804000 24000 239256000 -234078000 245000 266666000 -241107000 23598000 118000 274000 243999000 267091000 -232909000 -243740000 5202000 11208000 2434009 24552409 249 26 51 249 26 232 51 11778746 24684574 36000 36000 1890 100 130275 2000 194000 196000 168000 168000 3111000 3111000 -3111000 -3111000 6173000 6173000 1557000 32000 1525000 195000 195000 1000 -6173000 -6173000 62000 -62000 24684574 1856000 1316000 99000 108000 243000 798000 41000 67000 25351000 23471000 27590000 25760000 36000 35000 1926000 1819000 36000 35000 388000 407000 2879000 3205000 26000 23000 403000 413000 1238000 1285000 109000 1000 909000 1086000 194000 397000 4643000 5087000 287000 513000 1477000 1369000 30447000 28685000 266666000 267091000 41000 40000 166000 61000 207000 101000 1895000 2881000 137000 286000 764000 1000000 994000 1595000 -1854000 -2841000 3023000 208000 1169000 -2633000 3128895 396000 406000 417000 583000 21000 191000 9439000 706000 510000 6328000 3112000 92000 471000 629000 -241107000 -243740000 245000 247000 12000 104000 47000 1000 -8115000 -2633000 9284000 -1.53 -0.11 -0.37 -0.11 -1.35 -0.11 -1.54 0.19 -0.11 -73000 -98000 -3000 -320000 380000 73000 28000 320000 555000 325000 4166000 -242000 36000 91000 43000 1000 1000 104000 107000 16000 33000 -3398000 -2992000 6437000 -1880000 30447000 28685000 1000 1246000 2500000 9400000 1200000 6100000 4915000 11015000 9600000 11200000 20900000 100000 800000 800000 1600000 354381 800000 6000000 The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021. 2700000 1800000 -4166000 2014503 -2997000 -2633000 -9284000 -12281000 -2633000 388000 407000 97000 106000 2000 2000 487000 515000 50000 50000 14000 15000 36000 35000 1238000 1238000 1285000 1285000 220000 1238000 1285000 826000 -6328000 -242000 4166000 195000 1556000 0.09 0.27 0.00 138.3 175.6 0.00 0.05 0.70 137.8 178.1 P7M17D P4Y1M6D P4M17D P4Y0M26D 600000 690000 309000 396000 400000 500000 2021-10-01 2026-03-15 0.10 0.010 675 Company's option at any time on or after the first anniversary of the expiration of the rights offering or at the option of the holder at any time, into a number of shares of our common stock equal to the quotient of the stated value of the Preferred Stock ($1,000) divided by the Conversion Price ($1.4814 per share). 1000 1.50 1.72 2.00 2.40 1.4814 Each Warrant is exercisable for one share of our common stock at an exercise price of $1.50 per share from the date of issuance through its expiration five years from the date of issuance. The Warrants also contain a cashless exercise provision that allows the holder to receive 70% of the common stock otherwise available under the warrant to the holder electing the cashless exercise provision. 1.50 5100000 3100000 1200000 1200000 2700 130275 3700000 2400000 1500000 3415000 5500000 4100000 3000000 8200000 60000 368500 465393 833893 377 377 833893 295000 5.53 3.98 7446.69 7446.69 1.93 P5Y3M19D P9Y3M19D P10Y P5Y1M6D P9Y4M24D P5Y1M6D P4Y1M6D 698913000 698913000 0.0073 0.0085 P5Y3M19D P5Y10M25D 0.00 1.38 1.39 779000 17000 P2Y6M P2Y1M6D On June 7, 2019, the lease was amended to extend the rental period through 2024 and reduce the amount of space leased from 54,428 square feet to 29,534 square feet. The new rent was effective January 1, 2020. The amended lease has two five-year extension options. 1782000 The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement 376 377 6977.42 7446.69 The Company leases office, warehouse and manufacturing space under a single operating lease. 100000 0.065 54428 2017000 235000 Sintx Technologies, Inc. 0001269026 10-Q 2021-03-31 false --12-31 Yes Yes Non-accelerated Filer true false false Q1 2021 -1.16 391000 -30000 26000 833893 P9Y4M24D 0.19 -0.11 -1.54 29534 0.60 0.38 -0.18 600000 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>2. Basic and Diluted Net Income (Loss) per Common Share</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Basic net income (loss) per share is calculated by dividing the net income (loss) by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted net loss per share is calculated by dividing the net loss by the weighted-average number of common share equivalents outstanding for the period that are determined to be dilutive. Common stock equivalents are primarily comprised of preferred stock and warrants for the purchase of common stock. For the three months ended March 31, 2021, there is no difference in the number of shares and net loss used to calculate basic and diluted shares outstanding because their effect would have been anti-dilutive. The Company had potentially dilutive securities, totaling approximately 1.8 &#160;million and 2.7 &#160;million as of March 31, 2021 and 2020, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Below are basic and diluted loss per share data for the three months ended March 31, 2021, which are in thousands except for share and per share data:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Basic Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Effect of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dilutive<br /> Warrant<br /> Securities</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Diluted Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Numerator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 58%; padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt"><b>Denominator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Number of shares used in per common share calculations:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">24,668,106</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">24,668,106</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Net loss per common share:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Below &#160;are basic and diluted loss per share data for the three months ended March 31, 2020, which are in thousands except for share and per share data:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Basic Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Effect of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dilutive<br /> Warrant<br /> Securities</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Diluted Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Numerator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 58%; padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,169</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(4,166</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(2,997</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,284</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,284</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(8,115</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(4,166</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(12,281</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt"><b>Denominator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Number of shares used in per common share calculations:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,020,889</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,014,503</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,035,392</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Net loss per common share:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">0.19</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.56</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.37</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1.54</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">0.38</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1.16</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(1.35</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(0.18</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(1.53</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>4. Intangible Assets</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Intangible assets consisted of the following (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Trademarks</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">50</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">50</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: accumulated amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(15</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(14</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">35</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">36</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Amortization expense for the three months ended March 31, 2021, was approximately $1.3 &#160;thousand. Amortization expense for the three months ended March 31, 2020, was approximately $1.3 thousand.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>6. Accrued Liabilities</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accrued liabilities consisted of the following (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Payroll and related expense</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">690</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">600</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">396</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">309</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">1,086</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">909</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>10. Commitments and Contingencies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">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&#8217;s consolidated financial position, operating results or cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>12. Leases</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company leases office, warehouse and manufacturing space under a single operating lease. On June 7, 2019, the lease was amended to extend the rental period through 2024 and reduce the amount of space leased from 54,428 square feet to 29,534 square feet. The new rent was effective January 1, 2020. The amended lease has two five-year extension options. As of March 31, 2021, the operating lease right-of-use asset totaled approximately $1.8 &#160;million and the operating lease liability totaled approximately $1.8 &#160;million. Non-cash operating lease expense during the three months ended March 31, 2021, totaled approximately $0.1 &#160;million. As of March 31, 2021, the weighted-average discount rate for the Company&#8217;s operating lease was 6.5%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Leases with an initial term of 12 months or less are not recorded on the balance sheet. Lease expense is recognized on a straight-line basis over the term of the lease. The Company accounts for lease components separately from the non-lease components. The depreciable life of the assets and leasehold improvements are limited by the expected lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating lease future minimum payments together with the present values as of March 31, 2021, are summarized as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt"><b>Years Ending December 31,</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; text-align: justify"><font style="font-size: 10pt">2021</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 15%; text-align: right"><font style="font-size: 10pt">385</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">528</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify"><font style="font-size: 10pt">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">544</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">2024</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">560</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Thereafter</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify"><font style="font-size: 10pt">Total future minimum lease payments</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,017</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: justify"><font style="font-size: 10pt">Less amounts representing interests</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(235</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify"><font style="font-size: 10pt">Present value of lease liability</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,782</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Current-portion of operating lease liability</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">413</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"><font style="font-size: 10pt">Long-term portion operating lease liability</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">1,369</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Organization</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SINTX Technologies, Inc. (&#8220;SINTX&#8221; or &#8220;the Company&#8221;) was incorporated in the state of Delaware on December 10, 1996 (and was previously known as Amedica Corporation). SINTX is an OEM ceramics company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX is the manufacturing, research, and development of silicon nitride ceramics for external partners. The Company presently manufactures silicon nitride spinal implant in its ISO 13485 certified manufacturing facility for CTL Amedica, the exclusive retail channel for silicon nitride spinal implants. The Company believes it is the first and only manufacturer to use silicon nitride in medical applications. The Company&#8217;s products are primarily sold in the United States.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2018, the Company completed the sale of its retail spine business to CTL Medical, a Dallas, Texas-based privately held medical device manufacturer. As a result of the sale, CTL Medical became the exclusive owner of the Company&#8217;s portfolio of metal and silicon nitride spine products, and has access to future silicon nitride spine technologies developed by the Company. Manufacturing, R&#38;D, and all intellectual property related to the core, non-spine, biomaterial technology of silicon nitride remains with the Company. The Company serves as CTL&#8217;s exclusive OEM provider of silicon nitride products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 30, 2018, the Company amended its Certificate of Incorporation with the State of Delaware to change its corporate name to SINTX Technologies, Inc. in order to better reflect its focus on silicon nitride science and technologies and pipeline of silicon nitride-based products in various biomedical applications. The Company also changed its trading symbol on the NASDAQ Capital Market to &#8220;SINT&#8221;.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The previous name, Amedica, was transferred to CTL Medical, which is now CTL Amedica. The Company&#8217;s new corporate brand reflects both the Company&#8217;s core competence in the science and production of silicon nitride ceramics, as well as encouraging prospects for the future, as an OEM supplier of spine implants to CTL Amedica, and several opportunities outside of spine. As SINTX Technologies Inc., the Company will focus on developing silicon nitride in terms of product design, and future biomaterial formulations, for a variety of OEM customers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Basis of Presentation</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (&#8220;SEC&#8221;) and include all assets and liabilities of the Company. In May 2020, the Company dissolved its wholly owned subsidiary ST Sub, Inc. At the time of dissolution, the subsidiary had no assets, liabilities, equity, or operations. The financial statements after May 8, 2020, are not consolidated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SEC rules and regulations allow the omission of certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) so long as the statements are not misleading. In the opinion of management, these financial statements and accompanying notes contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position and results of operations for the periods presented herein. These condensed consolidated financial statements should be read in conjunction with the consolidated audited financial statements and notes thereto contained in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 22, 2021. The results of operations for the three months ended March 31, 2021, are not necessarily indicative of the results to be expected for the year ending December 31, 2021. The Company&#8217;s significant accounting policies are set forth in Note 1 to the consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Use of Estimates</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. As of March 31, 2021, the most significant estimate relates to derivative liabilities relating to common stock warrants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Risks Related to COVID-19 Pandemic</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The COVID-19 pandemic is affecting the United States and global economies and may affect the Company&#8217;s operations and those of third parties on which the Company relies. In response to the spread of COVID-19 and to ensure safety of employees and continuity of business operations, we closed our offices, with our administrative employees continuing their work remotely and limited the number of staff in our manufacturing facility. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company&#8217;s ability to access capital, which could negatively impact the Company&#8217;s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change. The Company does not yet know the full extent of potential delays or impacts on its business, financing or other activities or on healthcare systems or the global economy as a whole. However, these effects could have a material impact on the Company&#8217;s liquidity, capital resources, operations and business and those of the third parties on which we rely.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>New Accounting Pronouncements Not Yet Adopted</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that no other pronouncements will have a significant effect on its financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Below are basic and diluted loss per share data for the three months ended March 31, 2021, which are in thousands except for share and per share data:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Basic Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Effect of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dilutive<br /> Warrant<br /> Securities</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Diluted Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Numerator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 58%; padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(2,633</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt"><b>Denominator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Number of shares used in per common share calculations:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">24,668,106</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">24,668,106</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Net loss per common share:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(0.11</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Below &#160;are basic and diluted loss per share data for the three months ended March 31, 2020, which are in thousands except for share and per share data:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Basic Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Effect of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Dilutive<br /> Warrant<br /> Securities</b></p></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Diluted Calculation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Numerator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 58%; padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,169</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(4,166</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">(2,997</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,284</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(9,284</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(8,115</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(4,166</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(12,281</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt"><b>Denominator:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Number of shares used in per common share calculations:</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">6,020,889</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,014,503</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">8,035,392</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt"><b>Net loss per common share:</b></font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Net income (loss)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">0.19</font></td> <td>&#160;</td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.56</font></td> <td><font style="font-size: 10pt">)</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(0.37</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Deemed dividend and accretion of a discount</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1.54</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">0.38</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(1.16</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt; padding-left: 10pt"><font style="font-size: 10pt">Net loss attributable to common stockholders</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(1.35</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(0.18</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(1.53</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventories consisted of the following (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Raw materials</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">407</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">388</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">WIP</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">106</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">97</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Finished goods</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">2</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">2</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">515</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">487</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Intangible assets consisted of the following (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Trademarks</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">50</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">50</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Less: accumulated amortization</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(15</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(14</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">35</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">36</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following tables set forth the financial liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2021 and December 31, 2020 (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Fair &#160;Value Measurements as of March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Description</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 1</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 2</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 3</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Total</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Derivative liability</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; padding-left: 10pt"><font style="font-size: 10pt">Common stock warrants</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,285</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,285</font></td> <td style="width: 1%">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Fair Value Measurements as of December 31, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Description</b></font></td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 1</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 2</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 3</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Total</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Derivative liability</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%"><font style="font-size: 10pt">Common stock warrants</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,238</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,238</font></td> <td style="width: 1%">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not have any transfers of assets and liabilities between any levels of the fair value measurement hierarchy during the three months ended March 31, 2021 and 2020 (in thousands).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Common &#160;Stock<br /> Warrants</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%"><font style="font-size: 10pt">Balance as of December 31, 2019</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">(220</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Issuance of derivatives</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,328</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Change in fair value</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4,166</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Exercise of warrants</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,556</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Balance as of March 31, 2020</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(826</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Balance as of December 31, 2020</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(1,238</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Change in fair value</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(242</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Exercise of warrants</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">195</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Balance as of March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(1,285</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accrued liabilities consisted of the following (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Payroll and related expense</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">690</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">600</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Other</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">396</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">309</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">1,086</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">909</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees and non-employees during the three months ended March 31, 2021.</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; text-align: justify"><font style="font-size: 10pt">Weighted-average risk-free interest rate</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 15%; text-align: right"><font style="font-size: 10pt">0.73%-0.85</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Weighted-average expected life (in years)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.3-5.9</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify"><font style="font-size: 10pt">Expected dividend yield</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Weighted-average expected volatility</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">138%-139</font></td> <td><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Unrecognized stock-based compensation &#160;as of March 31, 2021, is as follows (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Unrecognized</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Stock-Based</b></p></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="white-space: nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Remaining of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Recognition</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Compensation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>(in years)</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify"><font style="font-size: 10pt">Stock options</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">779</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2.5</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Stock grants</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">17</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.1</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating lease future minimum payments together with the present values as of March 31, 2021, are summarized as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt"><b>Years Ending December 31,</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; text-align: justify"><font style="font-size: 10pt">2021</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 15%; text-align: right"><font style="font-size: 10pt">385</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">2022</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">528</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify"><font style="font-size: 10pt">2023</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">544</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">2024</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">560</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Thereafter</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify"><font style="font-size: 10pt">Total future minimum lease payments</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2,017</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt; text-align: justify"><font style="font-size: 10pt">Less amounts representing interests</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">(235</font></td> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt; text-align: justify"><font style="font-size: 10pt">Present value of lease liability</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1,782</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt; text-align: justify"><font style="font-size: 10pt">Current-portion of operating lease liability</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">413</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt; text-align: justify"><font style="font-size: 10pt">Long-term portion operating lease liability</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">1,369</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> -391000 3112000 3112000 9440 14000 1400000 6020889 24668106 8035392 24668106 -4166000 -0.56 -1.16 400000 P5Y 15000000 15000000 3.98 385000 528000 544000 560000 14000 1556000 195000 <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>1. Organization and Summary of Significant Accounting Policies</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Organization</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SINTX Technologies, Inc. (&#8220;SINTX&#8221; or &#8220;the Company&#8221;) was incorporated in the state of Delaware on December 10, 1996 (and was previously known as Amedica Corporation). SINTX is an OEM ceramics company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX is the manufacturing, research, and development of silicon nitride ceramics for external partners. The Company presently manufactures silicon nitride spinal implant in its ISO 13485 certified manufacturing facility for CTL Amedica, the exclusive retail channel for silicon nitride spinal implants. The Company believes it is the first and only manufacturer to use silicon nitride in medical applications. The Company&#8217;s products are primarily sold in the United States.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2018, the Company completed the sale of its retail spine business to CTL Medical, a Dallas, Texas-based privately held medical device manufacturer. As a result of the sale, CTL Medical became the exclusive owner of the Company&#8217;s portfolio of metal and silicon nitride spine products, and has access to future silicon nitride spine technologies developed by the Company. Manufacturing, R&#38;D, and all intellectual property related to the core, non-spine, biomaterial technology of silicon nitride remains with the Company. The Company serves as CTL&#8217;s exclusive OEM provider of silicon nitride products.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 30, 2018, the Company amended its Certificate of Incorporation with the State of Delaware to change its corporate name to SINTX Technologies, Inc. in order to better reflect its focus on silicon nitride science and technologies and pipeline of silicon nitride-based products in various biomedical applications. The Company also changed its trading symbol on the NASDAQ Capital Market to &#8220;SINT&#8221;.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The previous name, Amedica, was transferred to CTL Medical, which is now CTL Amedica. The Company&#8217;s new corporate brand reflects both the Company&#8217;s core competence in the science and production of silicon nitride ceramics, as well as encouraging prospects for the future, as an OEM supplier of spine implants to CTL Amedica, and several opportunities outside of spine. As SINTX Technologies Inc., the Company will focus on developing silicon nitride in terms of product design, and future biomaterial formulations, for a variety of OEM customers.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Basis of Presentation</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (&#8220;SEC&#8221;) and include all assets and liabilities of the Company. In May 2020, the Company dissolved its wholly owned subsidiary ST Sub, Inc. At the time of dissolution, the subsidiary had no assets, liabilities, equity, or operations. The financial statements after May 8, 2020, are not consolidated.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SEC rules and regulations allow the omission of certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (&#8220;U.S. GAAP&#8221;) so long as the statements are not misleading. In the opinion of management, these financial statements and accompanying notes contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position and results of operations for the periods presented herein. These condensed consolidated financial statements should be read in conjunction with the consolidated audited financial statements and notes thereto contained in the Company&#8217;s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 22, 2021. The results of operations for the three months ended March 31, 2021, are not necessarily indicative of the results to be expected for the year ending December 31, 2021. The Company&#8217;s significant accounting policies are set forth in Note 1 to the consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Use of Estimates</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. As of March 31, 2021, the most significant estimate relates to derivative liabilities relating to common stock warrants.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Liquidity and Capital Resources</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement of liabilities in the normal course of business, and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended March 31, 2021 and 2020, the Company incurred a net loss of $2.6 &#160;million and generated a net income of $1.2 &#160;million, respectively, and used cash in operations of $3.0 &#160;million and $3.4 million, respectively. The Company had an accumulated deficit of $243.7 million and $241.1 million as of March 31, 2021 and December 31, 2020, respectively. To date, the Company&#8217;s operations have been principally financed from proceeds from the issuance of preferred and common stock and, to a lesser extent, cash generated from product sales. It is anticipated that the Company will continue to generate operating losses and use cash in operations. The Company&#8217;s continuation as a going concern is dependent upon its ability to increase sales, and/or raise additional funds through the capital markets. Whether and when the Company can attain profitability and positive cash flows from operations or obtain additional financing is uncertain.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is actively generating additional scientific and clinical data to have it published in leading industry publications. The unique features of our silicon nitride material are not well known, and we believe the publication of such data would help sales efforts as the Company approaches new prospects. The Company is also making additional changes to the sales strategy, including a focus on revenue growth by expanding the use of silicon nitride in other areas outside of spinal fusion applications.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has common stock that is publicly traded and has been able to successfully raise capital when needed since the date of the Company&#8217;s initial public offering in February 2014. On February 6, 2020, the Company closed on a rights offering to its stockholders of units, consisting of convertible preferred stock and warrants, for gross proceeds of $9.4 million, which excludes underwriting discounts and commissions and offering expenses payable by the Company of approximately $1.2 million. Additionally, during the period of June 2020 through August 2020, the Company closed four registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 11,015,000 shares of its common stock for gross proceeds of approximately $20.9 million, before considering issuance costs of approximately $1.6 million (see Note 8).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2019, the Company entered into an at-the-market (2019 ATM) equity distribution agreement under which the Company could sell, from time to time, shares of common stock having an aggregate offering price of up to $2.5 million. During the year ended December 31, 2020, the Company sold 354,381 shares of common stock under the ATM, raising approximately $0.8 million before deducting fees to the placement agent and other offering expenses of approximately $0.1 million. As of March 31, 2021, no funding capacity is available under the ATM. (see Note 8).&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 25, 2021, the Company entered into an Equity Distribution Agreement (the &#8220;2021 Distribution Agreement&#8221;) with Maxim Group LLC (&#8220;Maxim&#8221;), pursuant to which the Company may sell from time to time, shares of the Company&#8217;s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent. As of March 31, 2021, there have been no sales of shares of common stock under the 2021 Distribution Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on our instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an &#8220;at-the-market&#8221; offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the ATM and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2018, the Company sold the retail spine business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36-month term. The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021. The Company expects cash flows of approximately $1.4 &#160;million for the remaining seven months of the term of the note.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management has concluded existing capital resources will be sufficient to fund operations for at least the next 12 months, or through May 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Risks Related to COVID-19 Pandemic</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The COVID-19 pandemic is affecting the United States and global economies and may affect the Company&#8217;s operations and those of third parties on which the Company relies. In response to the spread of COVID-19 and to ensure safety of employees and continuity of business operations, we closed our offices, with our administrative employees continuing their work remotely and limited the number of staff in our manufacturing facility. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company&#8217;s ability to access capital, which could negatively impact the Company&#8217;s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change. The Company does not yet know the full extent of potential delays or impacts on its business, financing or other activities or on healthcare systems or the global economy as a whole. However, these effects could have a material impact on the Company&#8217;s liquidity, capital resources, operations and business and those of the third parties on which we rely.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>New Accounting Pronouncements Not Yet Adopted</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that no other pronouncements will have a significant effect on its financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Liquidity and Capital Resources</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement of liabilities in the normal course of business, and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the three months ended March 31, 2021 and 2020, the Company incurred a net loss of $2.6 &#160;million and generated a net income of $1.2 &#160;million, respectively, and used cash in operations of $3.0 &#160;million and $3.4 million, respectively. The Company had an accumulated deficit of $243.7 million and $241.1 million as of March 31, 2021 and December 31, 2020, respectively. To date, the Company&#8217;s operations have been principally financed from proceeds from the issuance of preferred and common stock and, to a lesser extent, cash generated from product sales. It is anticipated that the Company will continue to generate operating losses and use cash in operations. The Company&#8217;s continuation as a going concern is dependent upon its ability to increase sales, and/or raise additional funds through the capital markets. Whether and when the Company can attain profitability and positive cash flows from operations or obtain additional financing is uncertain.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is actively generating additional scientific and clinical data to have it published in leading industry publications. The unique features of our silicon nitride material are not well known, and we believe the publication of such data would help sales efforts as the Company approaches new prospects. The Company is also making additional changes to the sales strategy, including a focus on revenue growth by expanding the use of silicon nitride in other areas outside of spinal fusion applications.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has common stock that is publicly traded and has been able to successfully raise capital when needed since the date of the Company&#8217;s initial public offering in February 2014. On February 6, 2020, the Company closed on a rights offering to its stockholders of units, consisting of convertible preferred stock and warrants, for gross proceeds of $9.4 million, which excludes underwriting discounts and commissions and offering expenses payable by the Company of approximately $1.2 million. Additionally, during the period of June 2020 through August 2020, the Company closed four registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 11,015,000 shares of its common stock for gross proceeds of approximately $20.9 million, before considering issuance costs of approximately $1.6 million (see Note 8).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the year ended December 31, 2019, the Company entered into an at-the-market (2019 ATM) equity distribution agreement under which the Company could sell, from time to time, shares of common stock having an aggregate offering price of up to $2.5 million. During the year ended December 31, 2020, the Company sold 354,381 shares of common stock under the ATM, raising approximately $0.8 million before deducting fees to the placement agent and other offering expenses of approximately $0.1 million. As of March 31, 2021, no funding capacity is available under the ATM. (see Note 8).&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 25, 2021, the Company entered into an Equity Distribution Agreement (the &#8220;2021 Distribution Agreement&#8221;) with Maxim Group LLC (&#8220;Maxim&#8221;), pursuant to which the Company may sell from time to time, shares of the Company&#8217;s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent. As of March 31, 2021, there have been no sales of shares of common stock under the 2021 Distribution Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on our instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an &#8220;at-the-market&#8221; offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the ATM and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2018, the Company sold the retail spine business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36-month term. The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021. The Company expects cash flows of approximately $1.4 &#160;million for the remaining seven months of the term of the note.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">Management has concluded existing capital resources will be sufficient to fund operations for at least the next 12 months, or through May 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>3. Inventories</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventories consisted of the following (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31,<br /> 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31,<br /> 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Raw materials</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">407</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">388</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">WIP</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">106</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">97</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Finished goods</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">2</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">2</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">515</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">487</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 31, 2021, inventories totaling approximately $0.1 million and $0.4 million were classified as current and long-term, respectively. Inventories classified as current represent the carrying value of inventories as of March 31, 2021, that management estimates will be sold or used by March 31, 2022.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>5. Fair Value Measurements</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Financial Instruments Measured and Recorded at Fair Value on a Recurring Basis</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has issued certain warrants to purchase shares of common stock, which are considered derivative liabilities because they have registration rights which could require a cash settlement and are re-measured to fair value at each reporting period in accordance with accounting guidance. Fair value is based on the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px">&#160;</td> <td style="width: 72px"><font style="font-size: 10pt">Level 1 -</font></td> <td style="text-align: justify"><font style="font-size: 10pt">quoted market prices for identical assets or liabilities in active markets.</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">Level 2 -</font></td> <td style="text-align: justify"><font style="font-size: 10pt">observable prices that are based on inputs not quoted on active markets but corroborated by market data.</font></td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td>&#160;</td> <td style="text-align: justify">&#160;</td></tr> <tr style="vertical-align: top"> <td>&#160;</td> <td><font style="font-size: 10pt">Level 3 -</font></td> <td style="text-align: justify"><font style="font-size: 10pt">unobservable inputs reflecting management&#8217;s assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company classifies assets and liabilities measured at fair value in their entirety based on the lowest level of input that is significant to their fair value measurement. No financial assets were measured on a recurring basis as of March 31, 2021 and December 31, 2020. The following tables set forth the financial liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2021 and December 31, 2020 (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Fair &#160;Value Measurements as of March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Description</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 1</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 2</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 3</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Total</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Derivative liability</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%; padding-left: 10pt"><font style="font-size: 10pt">Common stock warrants</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,285</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,285</font></td> <td style="width: 1%">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="14" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Fair Value Measurements as of December 31, 2020</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1.5pt solid"><font style="font-size: 10pt"><b>Description</b></font></td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 1</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 2</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Level 3</b></font></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Total</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Derivative liability</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="width: 44%"><font style="font-size: 10pt">Common stock warrants</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,238</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 11%; text-align: right"><font style="font-size: 10pt">1,238</font></td> <td style="width: 1%">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company did not have any transfers of assets and liabilities between any levels of the fair value measurement hierarchy during the three months ended March 31, 2021 and 2020 (in thousands).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Common &#160;Stock<br /> Warrants</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 79%"><font style="font-size: 10pt">Balance as of December 31, 2019</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 18%; text-align: right"><font style="font-size: 10pt">(220</font></td> <td style="width: 1%"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Issuance of derivatives</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(6,328</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Change in fair value</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">4,166</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Exercise of warrants</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">1,556</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Balance as of March 31, 2020</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(826</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right">&#160;</td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Balance as of December 31, 2020</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">(1,238</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Change in fair value</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">(242</font></td> <td><font style="font-size: 10pt">)</font></td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt"><font style="font-size: 10pt">Exercise of warrants</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">195</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Balance as of March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">(1,285</font></td> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">)</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Common Stock Warrants</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has issued certain warrants to purchase shares of common stock, which are considered derivative liabilities because they have registration rights which could require a cash settlement and are re-measured to fair value at each reporting period in accordance with accounting guidance. As of March 31, 2021, and December 31, 2020, the derivative liability was calculated using the Monte Carlo Simulation valuation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The assumptions used in estimating the common stock warrant liability as of March 31, 2021 and December 31, 2020 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Weighted-average risk-free interest rate </font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">&#160;0.05%-0.70</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">&#160;0.09%-0.27</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Weighted-average expected life (in years) </font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">&#160;0.38-4.07</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">&#160;0.63-4.10</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Expected dividend yield </font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Weighted-average expected volatility </font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">137.8%-178.1</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">&#160;138.3%-175.6</font></td> <td><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Other Financial Instruments</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company&#8217;s recorded values of cash and cash equivalents, account and other receivables, accounts payable and accrued liabilities approximate their fair values based on their short-term nature. The recorded value of notes payable approximates the fair value as the interest rate approximates market interest rates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The assumptions used in estimating the common stock warrant liability as of March 31, 2021 and December 31, 2020 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>December 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%"><font style="font-size: 10pt">Weighted-average risk-free interest rate </font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">&#160;0.05%-0.70</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">&#160;0.09%-0.27</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Weighted-average expected life (in years) </font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">&#160;0.38-4.07</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">&#160;0.63-4.10</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td><font style="font-size: 10pt">Expected dividend yield </font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td><font style="font-size: 10pt">Weighted-average expected volatility </font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">137.8%-178.1</font></td> <td><font style="font-size: 10pt">%</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">&#160;138.3%-175.6</font></td> <td><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>7. Debt</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>2020 PPP Loan</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 28, 2020, the Company received funding under a Paycheck Protection Program (&#8220;PPP&#8221;) loan (the &#8220;PPP Loan&#8221;) from First State Community Bank (the &#8220;Lender&#8221;). The principal amount of the PPP Loan was $0.4 million. The PPP was established under the Coronavirus Aid, Relief, and Economic Security Act (the &#8220;CARES Act&#8221;) and is administered by the U.S. Small Business Administration (the &#8220;SBA&#8221;). Loans made under the PPP may be partially or fully forgiven if the recipient complies with the provisions of the CARES Act, including the use of PPP Loan proceeds for payroll costs, rent, utilities and other expenses, provided that such amounts are incurred during a 24-week period that commenced on April 28, 2020 and at least 60% of any forgiven amount has been used for covered payroll costs as defined by the CARES Act. On January 5, 2021, the Lender provided notice to the Company that the principal amount and accrued interest had been forgiven. The Company removed the PPP Loan obligation and recorded other income for forgiveness of debt totaling $0.4 million. The SBA has until January of 2027 to audit the Company&#8217;s compliance with the CARES Act relating to the PPP Loan.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>2021 PPP Loan</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 15, 2021, the Company received funding under the SBA Second Draw Program under the Paycheck Protection Program (&#8220;2021 PPP&#8221;) (the &#8220;2021 PPP Loan&#8221;) from First State Community Bank (the &#8220;Lender&#8221;). The principal amount of the 2021 PPP Loan is $.5 &#160;million&#160;. The 2021 PPP was established under the CARES Act and is administered by the SBA. The 2021 PPP Loan has a five-year term, maturing on March 15, 2026. The interest rate on the 2021 PPP Loan is 1.0% per annum.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company will not be obligated to make any payments of principal or interest if the Company submits a loan forgiveness application to the Bank within 10 months after the end of the Company&#8217;s covered loan forgiveness period (as defined and interpreted by the 2021 PPP Rules) and such loan forgiveness is allowed. Generally, all or a portion of the 2021 PPP Loan may be forgiven if the Company maintains its employment and compensation within certain parameters during the twenty-four (24) week period following the loan origination date and the proceeds of the 2021 PPP Loan are spent on payroll costs, rent or lease agreements dated before February 15, 2020 and utility payments arising under service agreements in place before February 15, 2020.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>8. Equity</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>2021 Equity Distribution Agreement</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On February 25, 2021, the Company entered into an Equity Distribution Agreement (the &#8220;2021 Distribution Agreement&#8221;) with Maxim Group LLC (&#8220;Maxim&#8221;), pursuant to which the Company may sell from time to time, shares of the Company&#8217;s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on the Company&#8217;s instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an &#8220;at-the-market&#8221; offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the 2021 Distribution Agreement and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>&#160;</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>2020 Rights Offering</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During February 2020, the Company closed on a rights offering capital raise wherein the Company&#8217;s holders of common stock, Series C Preferred Stock, and certain outstanding warrants, obtained, at no charge, non-transferable subscription rights to purchase certain units from the Company (&#8220;Units&#8221;). Each Unit consisted of one share of Series C Convertible Preferred Stock (&#8220;Preferred Stock&#8221;) and 675 warrants to purchase common stock (&#8220;Warrants&#8221;). Each Unit sold for $1,000. Each share of the Preferred Stock is convertible, at the Company&#8217;s option at any time on or after the first anniversary of the expiration of the rights offering or at the option of the holder at any time, into a number of shares of our common stock equal to the quotient of the stated value of the Preferred Stock ($1,000) divided by the Conversion Price ($1.4814 per share). Each Warrant is exercisable for one share of our common stock at an exercise price of $1.50 per share from the date of issuance through its expiration five years from the date of issuance. The Warrants also contain a cashless exercise provision that allows the holder to receive 70% of the common stock otherwise available under the warrant to the holder electing the cashless exercise provision. The Company issued 9,440 Units, comprised of 6,372,000 Warrants exercisable into shares of our common stock and Preferred Stock convertible into 6,372,350 shares of Common Stock, for gross proceeds of $9.4 million before consideration of issuance costs, associated with the issuance of the Units, with $3.1 million allocated to the Preferred Stock (with no issuance costs allocated to the preferred stock) and $5.1 million, net of issuance costs of approximately $1.2 million, allocated to the Warrants. In association with the Warrants that were recorded as a derivative liability, the Company immediately expensed approximately all $1.2 million of the issuance costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the three months ended March 31, 2021, Series B Convertible Preferred stockholders of the Company converted no shares of Series B Convertible Preferred Stock, and Series C Convertible Preferred stockholders of the Company converted no shares of Series C Convertible Preferred Stock.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Also, during the three months ended March 31, 2021, holders of Warrants electing to use the cashless exercise option exercised 2,700 warrants, which resulted in the issuance of 1,890 shares of common stock. During the same period of time, holders of Warrants electing to exercise warrants for cash exercised 130,275 warrants, which resulted in the issuance of 130,275 shares of common stock, and the receipt of $0.2 million of cash.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>2020 Registered Direct Offerings</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During June 2020, the Company closed two registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 6,100,000 shares of its common stock for gross proceeds of approximately $9.6 million, before considering offering costs of approximately $0.8 million. On June 23, 2020, the Company entered into the first Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 3,700,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $1.50 per share for aggregate gross proceeds to the Company of approximately $5.5 million, before deducting offering costs. Following the initial registered direct offering, on June 26, 2020, the Company entered into the second Share Purchase Agreement with certain institutional purchasers pursuant to which the Company offered to the purchasers, in a registered direct offering, an aggregate of 2,400,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $1.72 per share for aggregate gross proceeds to the Company of approximately $4.1 million, before deducting offering costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During July and August 2020, the Company closed two registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 4,915,000 shares of its common stock for gross proceeds of approximately $11.2 million, before considering offering costs of approximately $0.8 million. On July 16, 2020, the Company entered into a Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 1,500,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $2.00 per share for aggregate gross proceeds to the Company of $3.0 million, before deducting offering costs. On August 4, 2020, the Company entered into a Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 3,415,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $2.40 per share for aggregate gross proceeds to the Company of $8.2 million, before deducting offering costs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>9. Stock-Based Compensation</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of the Company&#8217;s outstanding stock option activity for the three months ended March 31, 2021 and 2020 is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Contractual Life</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>Intrinsic</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Options</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Exercise Price</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>(Years)</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Value</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%"><font style="font-size: 10pt">As of December 31, 2020</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">465,393</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">5.53</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">9.3</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Granted</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">368,500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.93</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10.0</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Exercised</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Forfeited</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Expired</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">As of March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">833,893</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">3.98</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">9.4</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">698,913</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Exercisable at March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">376</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">6,977.42</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">4.1</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Vested and expected to vest at March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">833,893</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">3.98</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">9.4</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">698,913</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Contractual Life</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>Intrinsic</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Options</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Exercise Price</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>(Years)</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Value</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%"><font style="font-size: 10pt">As of December 31, 2019</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">377</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">7,446.69</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">5.3</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Granted</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Exercised</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Forfeited</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Expired</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">As of March 31, 2020</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">377</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">7,446.69</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5.1</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Exercisable and vested at March 31, 2020</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">377</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">7,446.69</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5.1</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company estimates the fair value of each stock option on the grant date using the Black-Scholes-Merton valuation model, which requires several estimates including an estimate of the fair value of the underlying common stock on grant date. The expected volatility was based on an average of the historical volatility of the Company. 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. The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees and non-employees during the three months ended March 31, 2021. During the three months ended March 31, 2021 the company granted stock options with an estimated fair value of approximately $0.6 &#160;million.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 82%; text-align: justify"><font style="font-size: 10pt">Weighted-average risk-free interest rate</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 15%; text-align: right"><font style="font-size: 10pt">0.73%-0.85</font></td> <td style="width: 1%"><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Weighted-average expected life (in years)</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">5.3-5.9</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="text-align: justify"><font style="font-size: 10pt">Expected dividend yield</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td><font style="font-size: 10pt">%</font></td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Weighted-average expected volatility</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">138%-139</font></td> <td><font style="font-size: 10pt">%</font></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Of the 368,500 options granted during the three months ended March 31, 2021, 60,000 &#160;were to non-executive members of the board of directors. Of the 833,893 options outstanding as of March 31, 2021, 295,000 &#160;were awarded to non-executive members of the board of directors.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Unrecognized stock-based compensation &#160;as of March 31, 2021, is as follows (in thousands):</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Unrecognized</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Stock-Based</b></p></td> <td>&#160;</td> <td>&#160;</td> <td colspan="2" style="white-space: nowrap"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Remaining of</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Recognition</b></p></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td>&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Compensation</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>(in years)</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 62%; text-align: justify"><font style="font-size: 10pt">Stock options</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">779</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 16%; text-align: right"><font style="font-size: 10pt">2.5</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="text-align: justify"><font style="font-size: 10pt">Stock grants</font></td> <td>&#160;</td> <td><font style="font-size: 10pt">$</font></td> <td style="text-align: right"><font style="font-size: 10pt">17</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">2.1</font></td> <td>&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of the Company&#8217;s outstanding stock option activity for the three months ended March 31, 2021 and 2020 is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2021</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Contractual Life</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>Intrinsic</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Options</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Exercise Price</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>(Years)</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Value</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%"><font style="font-size: 10pt">As of December 31, 2020</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">465,393</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">5.53</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">9.3</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Granted</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">368,500</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">1.93</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">10.0</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Exercised</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Forfeited</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Expired</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">As of March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">833,893</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">3.98</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">9.4</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">698,913</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Exercisable at March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">376</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">6,977.42</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">4.1</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Vested and expected to vest at March 31, 2021</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">833,893</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">3.98</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">9.4</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">698,913</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">&#160;</p> <table cellspacing="0" cellpadding="0" style="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="6" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>March 31, 2020</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td>&#160;</td> <td colspan="2" style="text-align: center">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Weighted-</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Average</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Remaining</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><b>Contractual Life</b></p></td> <td style="text-align: center">&#160;</td> <td style="text-align: center">&#160;</td> <td colspan="2" style="text-align: center"><font style="font-size: 10pt"><b>Intrinsic</b></font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Options</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Exercise Price</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>(Years)</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td colspan="2" style="border-bottom: black 1.5pt solid; text-align: center"><font style="font-size: 10pt"><b>Value</b></font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="width: 40%"><font style="font-size: 10pt">As of December 31, 2019</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">377</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">7,446.69</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">5.3</font></td> <td style="width: 1%">&#160;</td> <td style="width: 1%">&#160;</td> <td style="width: 1%"><font style="font-size: 10pt">$</font></td> <td style="width: 12%; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="width: 1%">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Granted</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Exercised</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-left: 10pt"><font style="font-size: 10pt">Forfeited</font></td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td style="text-align: right"><font style="font-size: 10pt">-</font></td> <td>&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 1.5pt; padding-left: 10pt"><font style="font-size: 10pt">Expired</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="padding-bottom: 1.5pt">&#160;</td> <td style="border-bottom: black 1.5pt solid">&#160;</td> <td style="border-bottom: black 1.5pt solid; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 1.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">As of March 31, 2020</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">377</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">7,446.69</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5.1</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> <tr style="vertical-align: bottom; background-color: #CCEEFF"> <td style="padding-bottom: 2.5pt"><font style="font-size: 10pt">Exercisable and vested at March 31, 2020</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">377</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">7,446.69</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double">&#160;</td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">5.1</font></td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="padding-bottom: 2.5pt">&#160;</td> <td style="border-bottom: black 2.25pt double"><font style="font-size: 10pt">$</font></td> <td style="border-bottom: black 2.25pt double; text-align: right"><font style="font-size: 10pt">-</font></td> <td style="padding-bottom: 2.5pt">&#160;</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>11. Note Receivable</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2018, the Company completed the sale of its spine implant business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36 month term and matures on October 1, 2021. The note receivable includes an imputed interest rate of 10%. As of March 31, 2021, the net carrying value of the note receivable was $1.3 million, with expected cash proceeds of $1.4 million to the Company through the maturity date.</p> EX-101.SCH 7 sint-20210331.xsd XBRL SCHEMA FILE 00000001 - Document - Document and Entity Information link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Condensed Consolidated Balance Sheets (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) link:presentationLink link:calculationLink link:definitionLink 00000007 - Disclosure - Organization and Summary of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - Accrued Liabilities link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - Debt link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - Equity link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - Stock-Based Compensation link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - Commitments and Contingencies link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - Note Receivable link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - Leases link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - Organization and Summary of Significant Accounting Policies (Policies) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - Intangible Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - Accrued Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - Leases (Tables) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - Organization and Summary of Significant Accounting Policies (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share - Schedule of Basic and Diluted Loss Per Share (Details) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - Inventories (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - Inventories - Schedule of Inventories (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - Intangible Assets (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - Fair Value Measurements - Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy (Details) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - Fair Value Measurements - Schedule of Fair Value Measurement Hierarchy of Derivative Liability (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - Fair Value Measurements - Schedule of Assumptions Used in Estimating Fair Value (Details) link:presentationLink link:calculationLink link:definitionLink 00000037 - Disclosure - Accrued Liabilities - Schedule of Accrued Liabilities (Details) link:presentationLink link:calculationLink link:definitionLink 00000038 - Disclosure - Debt (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000039 - Disclosure - Equity (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000040 - Disclosure - Stock-Based Compensation (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000041 - Disclosure - Stock-Based Compensation - Summary of Stock Option Activity (Details) link:presentationLink link:calculationLink link:definitionLink 00000042 - Disclosure - Stock-Based Compensation - Schedule of Assumption Used for Fair Value of Option (Details) link:presentationLink link:calculationLink link:definitionLink 00000043 - Disclosure - Stock-Based Compensation - Schedule of Unrecognized Stock-Based Compensation (Details) link:presentationLink link:calculationLink link:definitionLink 00000044 - Disclosure - Note Receivable (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000045 - Disclosure - Leases (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000046 - Disclosure - Leases - Schedule of Operating Lease Future Minimum Payments (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 sint-20210331_cal.xml XBRL CALCULATION FILE EX-101.DEF 9 sint-20210331_def.xml XBRL DEFINITION FILE EX-101.LAB 10 sint-20210331_lab.xml XBRL LABEL FILE Range [Axis] Minimum [Member] Indefinite Lived Intangible Assets By Major Class [Axis] Trademarks [Member] Fair Value, Hierarchy [Axis] Fair Value, Inputs, Level 1 [Member] Measurement Frequency [Axis] Fair Value, Measurements, Recurring [Member] Equity Components [Axis] Common Stock Warrants [Member] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 3 [Member] Common Stock [Member] Paid-In Capital [Member] Accumulated Deficit [Member] Class of Stock [Axis] Series B Convertible Preferred Stock [Member] Type of Arrangement and Non-arrangement Transactions [Axis] ATM Equity Distribution Agreement [Member] Maximum [Member] Series C Convertible Preferred Stock [Member] Liability Class [Axis] Valuation Approach and Technique [Axis] Black-Scholes-Merton Valuation Model [Member] Measurement Input Type [Axis] Weighted-Average Risk-Free Interest Rate [Member] Weighted-Average Expected Life (in years) [Member] Expected Dividend Yield [Member] Weighted Average Expected Volatility [Member] Series C Preferred Stock Purchase Warrant [Member] Warrants Exercisable [Member] Preferred Shares [Member] Debt Instrument [Axis] 2020 PPP Loan [Member] Share Purchase Agreement [Member] Title of Individual [Axis] Holders of Warrants One [Member] Holders of Warrants Two [Member] Holders of Warrants [Member] Plan Name [Axis] 2020 [Member] Board of Directors [Member] Preferred B Stock [Member] Preferred C Stock [Member] Two Registered Direct Offerings [Member] Non-Executive [Member] Equity Distribution Agreement [Member] Legal Entity [Axis] Maxim Group LLC [Member] Four Registered Direct Offerings [Member] 2021 PPP Loan [Member] 2021 Equity Distribution Agreement [Member] Award Type [Axis] Stock Options [Member] Sale of Stock [Axis] Stock Grants [Member] Cover [Abstract] Entity Registrant Name Entity Central Index Key Document Type Document Period End Date Amendment Flag Current Fiscal Year End Date Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Flag Entity Emerging Growth Company Entity Shell Company Entity Common Stock, Shares Outstanding Document Fiscal Period Focus Document Fiscal Year Focus Statement [Table] Statement [Line Items] Assets Current assets: Cash and cash equivalents Account and other receivables, net of allowance Prepaid expenses and other current assets Inventories Note receivable Total current assets Inventories Property and equipment, net Intangible assets, net Operating lease right of use asset Other long-term assets Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Current portion of long-term debt Derivative liabilities Current portion of operating lease liability Other current liabilities Total current liabilities Operating lease liability, net of current portion Long term debt, net of current portion Total liabilities Commitments and Contingencies Stockholders' Equity: Convertible preferred stock, value Common stock, $0.01 par value, 250,000,000 shares authorized; 24,684,574 and 24,552,409 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively. Additional paid-in capital Accumulated deficit Total stockholders' equity Total liabilities and stockholders' equity Convertible preferred stock, par value Convertible preferred stock, shares authorized Convertible preferred stock, shares issued Convertible preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Income Statement [Abstract] Product revenue Costs of revenue Gross profit Operating expenses: Research and development General and administrative Sales and marketing Total operating expenses Loss from operations Other income (expenses): Interest expense Interest income Change in fair value of derivative liabilities Offering costs associated with warrant derivatives Forgiveness of PPP loan Other income (net) Total other income, net Net income (loss) before income taxes Provision for income taxes Net income (loss) Deemed dividend related to the beneficial conversion feature and accretion of a discount on preferred stock Net loss attributable to common stockholders Net loss per share - basic and diluted Basic - net income (loss) Basic - deemed dividend and accretion of a discount on conversion of preferred stock Basic - attributable to common stockholders Diluted - loss Diluted - deemed dividend and accretion of a discount on conversion of preferred stock Diluted - attributable to common stockholders Weighted average common shares outstanding: Basic Diluted Balance Balance, shares Stock based compensation Extinguishment of derivative liability upon exercise of warrant Extinguishment of derivative liability upon exercise of warrant, shares Issuance of common stock from the exercise of warrants for cash Issuance of common stock from the exercise of warrants for cash, shares Issuance of common stock from the cashless exercise of warrants Issuance of common stock from the cashless exercise of warrants, shares Preferred stock issued for cash Preferred stock issued for cash, shares Common stock issued on conversion of preferred stock Common stock issued on conversion of preferred stock, shares Issuance of agent warrants Beneficial conversion feature on issuance of convertible preferred stock Deemed dividend related to the issuance of preferred stock Accretion of convertible preferred stock discount Deemed dividend related to the conversion of preferred stock Net income loss Balance Balance, shares Statement of Cash Flows [Abstract] Cash Flow From Operating Activities Net income (loss) Adjustments to reconcile net income (loss) to net cash used in operating activities: Depreciation expense Amortization of right of use asset Amortization of intangible assets Non-cash interest income Stock based compensation Change in fair value of derivative liabilities Offering Costs Forgiveness of PPP loan Gain on disposal of property and equipment Changes in operating assets and liabilities: Trade accounts receivable Prepaid expenses and other current assets Inventories Accounts payable and accrued liabilities Other liabilities Payments on operating lease liability Net cash used in operating activities Cash Flows From Investing Activities Purchase of property and equipment Proceeds from notes receivable, net of imputed interest Proceeds from sale of property and equipment Net cash provided by investing activities Cash Flows From Financing Activities Proceeds from issuance of preferred stock Proceeds from issuance of warrant derivative liabilities Proceeds from issuance of common stock in connection with exercise of warrants Proceeds from issuance of debt Payments on debt Net cash provided by financing activities Net increase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of period Cash and cash equivalents at end of period Noncash Investing and Financing Activities Extinguishment of derivative liabilities through exercise of warrants Change in par value due to conversion of preferred stock to common stock Supplemental Cash Flow Information Cash paid for interest Accounting Policies [Abstract] Organization and Summary of Significant Accounting Policies Earnings Per Share [Abstract] Basic and Diluted Net Income (Loss) Per Common Share Inventory Disclosure [Abstract] Inventories Goodwill and Intangible Assets Disclosure [Abstract] Intangible Assets Fair Value Disclosures [Abstract] Fair Value Measurements Payables and Accruals [Abstract] Accrued Liabilities Debt Disclosure [Abstract] Debt Equity [Abstract] Equity Share-based Payment Arrangement [Abstract] Stock-Based Compensation Commitments and Contingencies Disclosure [Abstract] Commitments and Contingencies Receivables [Abstract] Note Receivable Leases [Abstract] Leases Organization Basis of Presentation Use of Estimates Liquidity and Capital Resources Risks Related to COVID-19 Pandemic New Accounting Pronouncements Not Yet Adopted Schedule of Basic and Diluted Loss Per Share Schedule of Inventories Schedule of Intangible Assets Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy Schedule of Fair Value Measurement Hierarchy of Derivative Liability Schedule of Assumptions Used in Estimating Fair Value Schedule of Accrued Liabilities Summary of Stock Option Activity Schedule of Assumption Used for Fair Value of Option Schedule of Unrecognized Stock-based Compensation Schedule of Operating Lease Future Minimum Payments Collaborative Arrangement and Arrangement Other than Collaborative [Axis] Statistical Measurement [Axis] Series [Axis] Net loss Net cash used in operating activities Proceeds from issuance of public offering Underwriting discounts and commissions and offering expenses payable Number of shares issuance cost Proceeds from issuance cost Stock offering expense Number of stock sold during period Sale of stock value Aggregate offering price Sale of stock, description Non interest note receivable Debt description Proceeds from notes receivable Potentially dilutive securities Deemed dividend and accretion of a discount, basic calculation Net loss attributable to common stockholders, basic calculation Number of shares used in per common share calculations: basic calculation Net income (loss), basic calculation Deemed dividend and accretion of a discount, basic calculation Net loss attributable to common stockholders, basic calculation Net income (loss), effect of dilutive warrant securities Deemed dividend and accretion of a discount, effect of dilutive warrant securities Net loss attributable to common stockholders, effect of dilutive warrant securities Number of shares used in per common share calculations: effect of dilutive warrant securities Net income (loss), effect of dilutive warrant securities Deemed dividend and accretion of a discount, effect of dilutive warrant securities Net loss attributable to common stockholders, effect of dilutive warrant securities Net income (loss), diluted calculation Deemed dividend and accretion of a discount, diluted calculation Net loss attributable to common stockholders, diluted calculation Number of shares used in per common share calculations: diluted calculation Net income (loss), diluted calculation Deemed dividend and accretion of a discount, diluted calculation Net loss attributable to common stockholders, diluted calculation Inventory, current Inventory, non-current Raw materials WIP Finished Goods Total Inventories Schedule of Finite-Lived Intangible Assets [Table] Finite-Lived Intangible Assets [Line Items] Finite-Lived Intangible Assets by Major Class [Axis] Indefinite-lived Intangible Assets [Axis] Intangible assets, gross Less: accumulated amortization Intangible assets, net Fair Value, Recurring and Nonrecurring [Table] Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] Fair Value Hierarchy and NAV [Axis] Derivative liability Beginning balance Issuance of derivatives Change in fair value Exercise of warrants Ending balance Fair Value Measurement Inputs and Valuation Techniques [Table] Fair Value Measurement Inputs and Valuation Techniques [Line Items] Fair value assumptions, measurement input, percentages Fair value assumptions, measurement input, term Payroll and related expense Other Total accrued liabilities Debt principal amount Debt forgiven amount percentage Forgiveness of debt Debt instrument, term Debt instrument, maturity date Debt instrument, interest rate Warrants to purchase of common stock shares Purchase price per units Conversion price, description Conversion price per share Warrants description Warrants exercise price Number of share units issued for conversion Gross proceeds of warrants exercise Proceeds from issuance of units Warrants issuance cost Issuance cost, total Conversion of convertible shares Warrant exercised during period Net issuance fees Number of shares of common stock Proceeds from common stock Common stock grants with fair value Options, granted Options, outstanding Options outstanding at beginning Options, exercised Options, forfeited Options, expired Options, outstanding at end Options, exercisable at end Vested and expected to vest at end Weighted average exercisable price Weighted average exercise price, granted Weighted average exercise price, exercised Weighted average exercise price, forfeited Weighted average exercise price, expired Weighted average exercise price, outstanding at end of period Weighted average exercise price, exercisable at end of period Weighted average exercise price, vested and expected to vest at end Weighted average remaining contractual terms (years), outstanding at beginning Weighted average remaining contractual terms (years), granted Weighted average remaining contractual terms (years), outstanding at ending Weighted average remaining contractual terms (years), exercisable Weighted average remaining contractual terms (years), vested and expected to vest Intrinsic value, outstanding at beginning of period Intrinsic value, outstanding at end of period Intrinsic value, exercisable at end of period Intrinsic value, vested and expected to vest end of period Weighted-average risk-free interest rate Weighted-average expected life (in years) Expected dividend yield Weighted-average expected volatility Unrecognized Stock-based Compensation Weighted Average Remaining Period of Recognition (in years) Maturity date of note receivable Notes receivable Cash proceeds from note receivable Lease expired, description Lease extended period, description Area of lease Reduction of lease area Operating lease right-of-use asset Operating lease liability Amortization right of use asset expense Operating lease weighted-average discount rate 2021 2022 2023 2024 Thereafter Total future minimum lease payments Less amounts representing interests Present value of lease liability Current-portion of operating lease liability Long-term portion operating lease liability ATM Equity Distribution Agreement [Member] Accretion of convertible preferred stock discount. Amortization of right of use asset. Basic - deemed dividend and accretion of a discount on conversion of series B preferred stock. Basic net income (loss). Black-Scholes-Merton Valuation Model [Member] Board Of Director [Member]. Change in par value due to conversion of preferred stock to common stock. Common stock warrants. Diluted - loss. Amount of exercise of warrants of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Four Registered Direct Offering [Member] Holders of Warrants [Member] Holders of Warrants One [Member] Holders of Warrants Two [Member] Issuance of common stock from the cashless exercise of warrants. Issuance of common stock from the cashless exercise of warrants, shares. Issuance of common stock from the exercise of warrants for cash. Issuance of common stock from the exercise of warrants for cash, shares. Maxim Group LLC [Member] Offering costs. One Customer [Member] Preferred B Stock [Member] Preferred C Stock [Member] Preferred Shares [Member] Series B Convertible Preferred Stock [Member] Series C Convertible Preferred Stock [Member] Series C Preferred Stock Purchase Warrant [Member] Share Purchase Agreement [Member] Stock Grants [Member] Stock issued during period value, Issuance of common stock upon exercise of warrants. Twenty Twenty [Member]. Two Customer [Member] Two Registered Direct Offerings [Member] Warrants Exercisable [Member] Extinguishment of derivative liability upon exercise of warrant, shares. Forgiveness of PPP loan. Forgiveness of PPP loan. Underwriting discounts and commissions and offering expenses payable. Number of shares issuance cost. Deemed dividend and accretion of a discount, effect of dilutive warrant securities. Deemed dividend and accretion of a discount, diluted calculation. Warrants description. Warrants issuance cost. Warrant Exercise. Common stock grants with fair value. Share based Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term. Share based Compensation Arrangement By Sharebased Payment Award Options Granted To Vest Outstanding Weighted Average Remaining Contractual Term 1. Weighted average remaining contractual terms (years), vested and expected to vest. Intrinsic value, vested and expected to vest end of period. 2020 PPP Loan [Member] 2021 PPP Loan [Member] 2021 Equity Distribution Agreement [Member] Diluted - deemed dividend and accretion of a discount on conversion of preferred stock. Net income (loss), basic calculation Deemed dividend and accretion of a discount, basic calculation. Reduction of lease area. Debt forgiven amount percentage. Deemed dividend and accretion of a discount, diluted calculation. Deemed dividend and accretion of a discount, effect of dilutive warrant securities. Net loss attributable to common stockholders, effect of dilutive warrant securities. Organization [Policy Text Block] Liquidity and capital resources [Policy Text Block] Risks related to COVID-19 pandemic [Policy Text Block] Equity Distribution Agreement [Member] Net income (loss), effect of dilutive warrant securities. Net income, effect of dilutive warrant securities. Non-Executive [Member] Weighted average exercise price, vested and expected to vest at end. Lessee operating lease liability payments due after year three. Extinguishment of derivative liabilities through exercise of warrants. Assets, Current Assets [Default Label] Liabilities, Current Liabilities Stockholders' Equity Attributable to Parent Liabilities and Equity Gross Profit Operating Expenses Operating Income (Loss) Interest Expense, Other Noninterest Expense Offering Cost ForgivenessofPaycheckProtectionProgrameLoan Nonoperating Income (Expense) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Preferred Stock Dividends, Income Statement Impact Shares, Outstanding Other Noncash Income Share-based Payment Arrangement, Noncash Expense ForgivenessofPaycheckProtectionProgrameLoans Gain (Loss) on Disposition of Property Plant Equipment Increase (Decrease) in Accounts and Other Receivables Increase (Decrease) in Prepaid Expense and Other Assets Increase (Decrease) in Inventories Payments to Acquire Property, Plant, and Equipment Net Cash Provided by (Used in) Investing Activities Repayments of Debt Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations Inventory Disclosure [Text Block] Commitments and Contingencies Disclosure [Text Block] NetIncomeEffectOfDilutiveWarrantSecurities DeemedDividendAndAccretionOfDiscountEffectOfDilutiveWarrantSecurities NetLossAttributableToCommonStockholdersEffectOfDilutiveWarrantSecurities DilutedDeemedDividendAndAccretionOfDiscountOnConversionOfSeriesBPreferredStock Inventory, Net Finite-Lived Intangible Assets, Accumulated Amortization Finite-Lived Intangible Assets, Net Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Exercisable, Number Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValueVestedAndExpectedToVestEndOfPeriod Lessee, Operating Lease, Liability, to be Paid Lessee, Operating Lease, Liability, Undiscounted Excess Amount EX-101.PRE 11 sint-20210331_pre.xml XBRL PRESENTATION FILE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.21.1
Document and Entity Information - shares
3 Months Ended
Mar. 31, 2021
May 10, 2021
Cover [Abstract]    
Entity Registrant Name Sintx Technologies, Inc.  
Entity Central Index Key 0001269026  
Document Type 10-Q  
Document Period End Date Mar. 31, 2021  
Amendment Flag false  
Current Fiscal Year End Date --12-31  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business Flag true  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   24,684,574
Document Fiscal Period Focus Q1  
Document Fiscal Year Focus 2021  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 23,471 $ 25,351
Account and other receivables, net of allowance 67 41
Prepaid expenses and other current assets 798 243
Inventories 108 99
Note receivable 1,316 1,856
Total current assets 25,760 27,590
Inventories 407 388
Property and equipment, net 629 471
Intangible assets, net 35 36
Operating lease right of use asset 1,819 1,926
Other long-term assets 35 36
Total assets 28,685 30,447
Current liabilities:    
Accounts payable 397 194
Accrued liabilities 1,086 909
Current portion of long-term debt 1 109
Derivative liabilities 1,285 1,238
Current portion of operating lease liability 413 403
Other current liabilities 23 26
Total current liabilities 3,205 2,879
Operating lease liability, net of current portion 1,369 1,477
Long term debt, net of current portion 513 287
Total liabilities 5,087 4,643
Commitments and Contingencies
Stockholders' Equity:    
Common stock, $0.01 par value, 250,000,000 shares authorized; 24,684,574 and 24,552,409 shares issued and outstanding as of March 31, 2021 and December 31, 2020, respectively. 247 245
Additional paid-in capital 267,091 266,666
Accumulated deficit (243,740) (241,107)
Total stockholders' equity 23,598 25,804
Total liabilities and stockholders' equity 28,685 30,447
Series B Convertible Preferred Stock [Member]    
Stockholders' Equity:    
Convertible preferred stock, value
Series C Convertible Preferred Stock [Member]    
Stockholders' Equity:    
Convertible preferred stock, value
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares
Mar. 31, 2021
Dec. 31, 2020
Common stock, par value $ 0.01 $ 0.01
Common stock, shares authorized 250,000,000 250,000,000
Common stock, shares issued 24,684,574 24,552,409
Common stock, shares outstanding 24,684,574 24,552,409
Series B Convertible Preferred Stock [Member]    
Convertible preferred stock, par value $ 0.01 $ 0.01
Convertible preferred stock, shares authorized 130,000,000 130,000,000
Convertible preferred stock, shares issued 26 26
Convertible preferred stock, shares outstanding 26 26
Series C Convertible Preferred Stock [Member]    
Convertible preferred stock, par value $ 0.01 $ 0.01
Convertible preferred stock, shares authorized 130,000,000 130,000,000
Convertible preferred stock, shares issued 51 51
Convertible preferred stock, shares outstanding 51 51
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Product revenue $ 101 $ 207
Costs of revenue 61 166
Gross profit 40 41
Operating expenses:    
Research and development 1,595 994
General and administrative 1,000 764
Sales and marketing 286 137
Total operating expenses 2,881 1,895
Loss from operations (2,841) (1,854)
Other income (expenses):    
Interest expense (1)
Interest income 47 104
Change in fair value of derivative liabilities (242) 4,166
Offering costs associated with warrant derivatives (1,246)
Forgiveness of PPP loan 391
Other income (net) 12
Total other income, net 208 3,023
Net income (loss) before income taxes (2,633) 1,169
Provision for income taxes
Net income (loss) (2,633) 1,169
Deemed dividend related to the beneficial conversion feature and accretion of a discount on preferred stock (9,284)
Net loss attributable to common stockholders $ (2,633) $ (8,115)
Net loss per share - basic and diluted    
Basic - net income (loss) $ (0.11) $ 0.19
Basic - deemed dividend and accretion of a discount on conversion of preferred stock (1.54)
Basic - attributable to common stockholders (0.11) (1.35)
Diluted - loss (0.11) (0.37)
Diluted - deemed dividend and accretion of a discount on conversion of preferred stock (1.16)
Diluted - attributable to common stockholders $ (0.11) $ (1.53)
Weighted average common shares outstanding:    
Basic 24,668,106 6,020,889
Diluted 24,668,106 8,035,392
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)
$ in Thousands
Preferred B Stock [Member]
Preferred C Stock [Member]
Common Stock [Member]
Paid-In Capital [Member]
Accumulated Deficit [Member]
Total
Balance at Dec. 31, 2019 $ 24 $ 239,256 $ (234,078) $ 5,202
Balance, shares at Dec. 31, 2019 249 2,434,009      
Stock based compensation        
Extinguishment of derivative liability upon exercise of warrant $ 32 1,525   1,557
Extinguishment of derivative liability upon exercise of warrant, shares 3,128,895      
Issuance of common stock from the exercise of warrants for cash      
Issuance of common stock from the exercise of warrants for cash, shares 100      
Issuance of common stock from the cashless exercise of warrants        
Issuance of common stock from the cashless exercise of warrants, shares        
Preferred stock issued for cash   3,112   3,112
Preferred stock issued for cash, shares 9,440        
Common stock issued on conversion of preferred stock $ 62 (62)    
Common stock issued on conversion of preferred stock, shares (9,208) 6,215,742      
Issuance of agent warrants   168   168
Beneficial conversion feature on issuance of convertible preferred stock   3,111   3,111
Deemed dividend related to the issuance of preferred stock   (3,111)   (3,111)
Accretion of convertible preferred stock discount   6,173   6,173
Deemed dividend related to the conversion of preferred stock   (6,173)   (6,173)
Net income loss         1,169 1,169
Balance at Mar. 31, 2020 $ 118 243,999 (232,909) 11,208
Balance, shares at Mar. 31, 2020 249 232 11,778,746      
Balance at Dec. 31, 2020 $ 245 266,666 (241,107) 25,804
Balance, shares at Dec. 31, 2020 26 51 24,552,409      
Stock based compensation       36   36
Extinguishment of derivative liability upon exercise of warrant       195   195
Issuance of common stock from the exercise of warrants for cash     $ 2 194   196
Issuance of common stock from the exercise of warrants for cash, shares     130,275      
Issuance of common stock from the cashless exercise of warrants, shares     1,890      
Net income loss         (2,633) (2,633)
Balance at Mar. 31, 2021 $ 274 $ 267,091 $ (243,740) $ 23,598
Balance, shares at Mar. 31, 2021 26 51 24,684,574      
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flow From Operating Activities    
Net income (loss) $ (2,633) $ 1,169
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation expense 33 16
Amortization of right of use asset 107 104
Amortization of intangible assets 1 1
Non-cash interest income (43) (91)
Stock based compensation 36
Change in fair value of derivative liabilities 242 (4,166)
Offering Costs 325
Forgiveness of PPP loan (391)
Gain on disposal of property and equipment (14)
Changes in operating assets and liabilities:    
Trade accounts receivable (26) 30
Prepaid expenses and other current assets (555) (320)
Inventories (28) (73)
Accounts payable and accrued liabilities 380 (320)
Other liabilities (3)
Payments on operating lease liability (98) (73)
Net cash used in operating activities (2,992) (3,398)
Cash Flows From Investing Activities    
Purchase of property and equipment (191) (21)
Proceeds from notes receivable, net of imputed interest 583 417
Proceeds from sale of property and equipment 14
Net cash provided by investing activities 406 396
Cash Flows From Financing Activities    
Proceeds from issuance of preferred stock 3,112
Proceeds from issuance of warrant derivative liabilities 6,328
Proceeds from issuance of common stock in connection with exercise of warrants 196
Proceeds from issuance of debt 510
Payments on debt (1)
Net cash provided by financing activities 706 9,439
Net increase (decrease) in cash and cash equivalents (1,880) 6,437
Cash and cash equivalents at beginning of period 25,351 1,787
Cash and cash equivalents at end of period 23,471 8,224
Noncash Investing and Financing Activities    
Extinguishment of derivative liabilities through exercise of warrants 195 1,556
Change in par value due to conversion of preferred stock to common stock 92
Supplemental Cash Flow Information    
Cash paid for interest $ 1
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.21.1
Organization and Summary of Significant Accounting Policies
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Organization and Summary of Significant Accounting Policies

1. Organization and Summary of Significant Accounting Policies

 

Organization

 

SINTX Technologies, Inc. (“SINTX” or “the Company”) was incorporated in the state of Delaware on December 10, 1996 (and was previously known as Amedica Corporation). SINTX is an OEM ceramics company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX is the manufacturing, research, and development of silicon nitride ceramics for external partners. The Company presently manufactures silicon nitride spinal implant in its ISO 13485 certified manufacturing facility for CTL Amedica, the exclusive retail channel for silicon nitride spinal implants. The Company believes it is the first and only manufacturer to use silicon nitride in medical applications. The Company’s products are primarily sold in the United States.

 

On October 1, 2018, the Company completed the sale of its retail spine business to CTL Medical, a Dallas, Texas-based privately held medical device manufacturer. As a result of the sale, CTL Medical became the exclusive owner of the Company’s portfolio of metal and silicon nitride spine products, and has access to future silicon nitride spine technologies developed by the Company. Manufacturing, R&D, and all intellectual property related to the core, non-spine, biomaterial technology of silicon nitride remains with the Company. The Company serves as CTL’s exclusive OEM provider of silicon nitride products.

 

On October 30, 2018, the Company amended its Certificate of Incorporation with the State of Delaware to change its corporate name to SINTX Technologies, Inc. in order to better reflect its focus on silicon nitride science and technologies and pipeline of silicon nitride-based products in various biomedical applications. The Company also changed its trading symbol on the NASDAQ Capital Market to “SINT”.

 

The previous name, Amedica, was transferred to CTL Medical, which is now CTL Amedica. The Company’s new corporate brand reflects both the Company’s core competence in the science and production of silicon nitride ceramics, as well as encouraging prospects for the future, as an OEM supplier of spine implants to CTL Amedica, and several opportunities outside of spine. As SINTX Technologies Inc., the Company will focus on developing silicon nitride in terms of product design, and future biomaterial formulations, for a variety of OEM customers.

 

Basis of Presentation

 

These unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and include all assets and liabilities of the Company. In May 2020, the Company dissolved its wholly owned subsidiary ST Sub, Inc. At the time of dissolution, the subsidiary had no assets, liabilities, equity, or operations. The financial statements after May 8, 2020, are not consolidated.

 

SEC rules and regulations allow the omission of certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) so long as the statements are not misleading. In the opinion of management, these financial statements and accompanying notes contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position and results of operations for the periods presented herein. These condensed consolidated financial statements should be read in conjunction with the consolidated audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 22, 2021. The results of operations for the three months ended March 31, 2021, are not necessarily indicative of the results to be expected for the year ending December 31, 2021. The Company’s significant accounting policies are set forth in Note 1 to the consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2020.

 

Use of Estimates

 

The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. As of March 31, 2021, the most significant estimate relates to derivative liabilities relating to common stock warrants.

 

Liquidity and Capital Resources

 

The condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement of liabilities in the normal course of business, and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements.

 

For the three months ended March 31, 2021 and 2020, the Company incurred a net loss of $2.6  million and generated a net income of $1.2  million, respectively, and used cash in operations of $3.0  million and $3.4 million, respectively. The Company had an accumulated deficit of $243.7 million and $241.1 million as of March 31, 2021 and December 31, 2020, respectively. To date, the Company’s operations have been principally financed from proceeds from the issuance of preferred and common stock and, to a lesser extent, cash generated from product sales. It is anticipated that the Company will continue to generate operating losses and use cash in operations. The Company’s continuation as a going concern is dependent upon its ability to increase sales, and/or raise additional funds through the capital markets. Whether and when the Company can attain profitability and positive cash flows from operations or obtain additional financing is uncertain.

 

The Company is actively generating additional scientific and clinical data to have it published in leading industry publications. The unique features of our silicon nitride material are not well known, and we believe the publication of such data would help sales efforts as the Company approaches new prospects. The Company is also making additional changes to the sales strategy, including a focus on revenue growth by expanding the use of silicon nitride in other areas outside of spinal fusion applications.

 

The Company has common stock that is publicly traded and has been able to successfully raise capital when needed since the date of the Company’s initial public offering in February 2014. On February 6, 2020, the Company closed on a rights offering to its stockholders of units, consisting of convertible preferred stock and warrants, for gross proceeds of $9.4 million, which excludes underwriting discounts and commissions and offering expenses payable by the Company of approximately $1.2 million. Additionally, during the period of June 2020 through August 2020, the Company closed four registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 11,015,000 shares of its common stock for gross proceeds of approximately $20.9 million, before considering issuance costs of approximately $1.6 million (see Note 8).

 

During the year ended December 31, 2019, the Company entered into an at-the-market (2019 ATM) equity distribution agreement under which the Company could sell, from time to time, shares of common stock having an aggregate offering price of up to $2.5 million. During the year ended December 31, 2020, the Company sold 354,381 shares of common stock under the ATM, raising approximately $0.8 million before deducting fees to the placement agent and other offering expenses of approximately $0.1 million. As of March 31, 2021, no funding capacity is available under the ATM. (see Note 8). 

 

On February 25, 2021, the Company entered into an Equity Distribution Agreement (the “2021 Distribution Agreement”) with Maxim Group LLC (“Maxim”), pursuant to which the Company may sell from time to time, shares of the Company’s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent. As of March 31, 2021, there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on our instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the ATM and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

On October 1, 2018, the Company sold the retail spine business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36-month term. The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021. The Company expects cash flows of approximately $1.4  million for the remaining seven months of the term of the note.

 

Management has concluded existing capital resources will be sufficient to fund operations for at least the next 12 months, or through May 2022.

 

Risks Related to COVID-19 Pandemic

 

The COVID-19 pandemic is affecting the United States and global economies and may affect the Company’s operations and those of third parties on which the Company relies. In response to the spread of COVID-19 and to ensure safety of employees and continuity of business operations, we closed our offices, with our administrative employees continuing their work remotely and limited the number of staff in our manufacturing facility. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company’s ability to access capital, which could negatively impact the Company’s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change. The Company does not yet know the full extent of potential delays or impacts on its business, financing or other activities or on healthcare systems or the global economy as a whole. However, these effects could have a material impact on the Company’s liquidity, capital resources, operations and business and those of the third parties on which we rely.

 

New Accounting Pronouncements Not Yet Adopted

 

The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that no other pronouncements will have a significant effect on its financial statements.

XML 19 R8.htm IDEA: XBRL DOCUMENT v3.21.1
Basic and Diluted Net Income (Loss) Per Common Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Common Share

2. Basic and Diluted Net Income (Loss) per Common Share

 

Basic net income (loss) per share is calculated by dividing the net income (loss) by the weighted-average number of common shares outstanding for the period, without consideration for common stock equivalents. Diluted net loss per share is calculated by dividing the net loss by the weighted-average number of common share equivalents outstanding for the period that are determined to be dilutive. Common stock equivalents are primarily comprised of preferred stock and warrants for the purchase of common stock. For the three months ended March 31, 2021, there is no difference in the number of shares and net loss used to calculate basic and diluted shares outstanding because their effect would have been anti-dilutive. The Company had potentially dilutive securities, totaling approximately 1.8  million and 2.7  million as of March 31, 2021 and 2020, respectively.

 

Below are basic and diluted loss per share data for the three months ended March 31, 2021, which are in thousands except for share and per share data:

 

    Basic Calculation    

Effect of

Dilutive
Warrant
Securities

    Diluted Calculation  
Numerator:                        
Net income (loss)   $ (2,633 )   $ -     $ (2,633 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (2,633 )   $ -     $ (2,633 )
                         
Denominator:                        
Number of shares used in per common share calculations:     24,668,106       -       24,668,106  
                         
Net loss per common share:                        
Net income (loss)   $ (0.11 )   $ -     $ (0.11 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (0.11 )   $ -     $ (0.11 )

 

Below  are basic and diluted loss per share data for the three months ended March 31, 2020, which are in thousands except for share and per share data:

 

    Basic Calculation    

Effect of

Dilutive
Warrant
Securities

    Diluted Calculation  
Numerator:                        
Net income (loss)   $ 1,169     $ (4,166 )   $ (2,997 )
Deemed dividend and accretion of a discount     (9,284 )     -       (9,284 )
Net loss attributable to common stockholders   $ (8,115 )   $ (4,166 )   $ (12,281 )
                         
Denominator:                        
Number of shares used in per common share calculations:     6,020,889       2,014,503       8,035,392  
                         
Net loss per common share:                        
Net income (loss)   $ 0.19     $ (0.56 )   $ (0.37 )
Deemed dividend and accretion of a discount     (1.54 )     0.38       (1.16 )
Net loss attributable to common stockholders   $ (1.35 )   $ (0.18 )   $ (1.53 )
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Inventories

3. Inventories

 

Inventories consisted of the following (in thousands):

 

    March 31,
2021
    December 31,
2020
 
Raw materials   $ 407     $ 388  
WIP     106       97  
Finished goods     2       2  
    $ 515     $ 487  

 

As of March 31, 2021, inventories totaling approximately $0.1 million and $0.4 million were classified as current and long-term, respectively. Inventories classified as current represent the carrying value of inventories as of March 31, 2021, that management estimates will be sold or used by March 31, 2022.

XML 21 R10.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

4. Intangible Assets

 

Intangible assets consisted of the following (in thousands):

 

    March 31,
2021
    December 31,
2020
 
Trademarks   $ 50     $ 50  
Less: accumulated amortization     (15 )     (14 )
    $ 35     $ 36  

 

Amortization expense for the three months ended March 31, 2021, was approximately $1.3  thousand. Amortization expense for the three months ended March 31, 2020, was approximately $1.3 thousand.

XML 22 R11.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Fair Value Measurements

5. Fair Value Measurements

 

Financial Instruments Measured and Recorded at Fair Value on a Recurring Basis

 

The Company has issued certain warrants to purchase shares of common stock, which are considered derivative liabilities because they have registration rights which could require a cash settlement and are re-measured to fair value at each reporting period in accordance with accounting guidance. Fair value is based on the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under a three-tier fair value hierarchy which prioritizes the inputs used in measuring fair value as follows:

 

  Level 1 - quoted market prices for identical assets or liabilities in active markets.
     
  Level 2 - observable prices that are based on inputs not quoted on active markets but corroborated by market data.
     
  Level 3 - unobservable inputs reflecting management’s assumptions, consistent with reasonably available assumptions made by other market participants. These valuations require significant judgment.

 

The Company classifies assets and liabilities measured at fair value in their entirety based on the lowest level of input that is significant to their fair value measurement. No financial assets were measured on a recurring basis as of March 31, 2021 and December 31, 2020. The following tables set forth the financial liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2021 and December 31, 2020 (in thousands):

 

    Fair  Value Measurements as of March 31, 2021  
Description   Level 1     Level 2     Level 3     Total  
Derivative liability                                
Common stock warrants   $ -     $ -     $ 1,285     $ 1,285  

 

    Fair Value Measurements as of December 31, 2020  
Description   Level 1     Level 2     Level 3     Total  
Derivative liability                                
Common stock warrants   $ -     $ -     $ 1,238     $ 1,238  

 

The Company did not have any transfers of assets and liabilities between any levels of the fair value measurement hierarchy during the three months ended March 31, 2021 and 2020 (in thousands).

 

    Common  Stock
Warrants
 
Balance as of December 31, 2019   $ (220 )
Issuance of derivatives     (6,328 )
Change in fair value     4,166  
Exercise of warrants     1,556  
Balance as of March 31, 2020   $ (826 )
         
Balance as of December 31, 2020   $ (1,238 )
Change in fair value     (242 )
Exercise of warrants     195  
Balance as of March 31, 2021   $ (1,285 )

 

Common Stock Warrants

 

The Company has issued certain warrants to purchase shares of common stock, which are considered derivative liabilities because they have registration rights which could require a cash settlement and are re-measured to fair value at each reporting period in accordance with accounting guidance. As of March 31, 2021, and December 31, 2020, the derivative liability was calculated using the Monte Carlo Simulation valuation.

 

The assumptions used in estimating the common stock warrant liability as of March 31, 2021 and December 31, 2020 were as follows:

 

      March 31, 2021       December 31, 2020  
Weighted-average risk-free interest rate      0.05%-0.70 %      0.09%-0.27 %
Weighted-average expected life (in years)      0.38-4.07        0.63-4.10  
Expected dividend yield     - %     - %
Weighted-average expected volatility     137.8%-178.1 %      138.3%-175.6 %

 

Other Financial Instruments

 

The Company’s recorded values of cash and cash equivalents, account and other receivables, accounts payable and accrued liabilities approximate their fair values based on their short-term nature. The recorded value of notes payable approximates the fair value as the interest rate approximates market interest rates.

XML 23 R12.htm IDEA: XBRL DOCUMENT v3.21.1
Accrued Liabilities
3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Accrued Liabilities

6. Accrued Liabilities

 

Accrued liabilities consisted of the following (in thousands):

 

    March 31,
2021
    December 31,
2020
 
Payroll and related expense   $ 690     $ 600  
Other     396       309  
    $ 1,086     $ 909  
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Debt
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Debt

7. Debt

 

2020 PPP Loan

 

On April 28, 2020, the Company received funding under a Paycheck Protection Program (“PPP”) loan (the “PPP Loan”) from First State Community Bank (the “Lender”). The principal amount of the PPP Loan was $0.4 million. The PPP was established under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) and is administered by the U.S. Small Business Administration (the “SBA”). Loans made under the PPP may be partially or fully forgiven if the recipient complies with the provisions of the CARES Act, including the use of PPP Loan proceeds for payroll costs, rent, utilities and other expenses, provided that such amounts are incurred during a 24-week period that commenced on April 28, 2020 and at least 60% of any forgiven amount has been used for covered payroll costs as defined by the CARES Act. On January 5, 2021, the Lender provided notice to the Company that the principal amount and accrued interest had been forgiven. The Company removed the PPP Loan obligation and recorded other income for forgiveness of debt totaling $0.4 million. The SBA has until January of 2027 to audit the Company’s compliance with the CARES Act relating to the PPP Loan.

 

2021 PPP Loan

 

On March 15, 2021, the Company received funding under the SBA Second Draw Program under the Paycheck Protection Program (“2021 PPP”) (the “2021 PPP Loan”) from First State Community Bank (the “Lender”). The principal amount of the 2021 PPP Loan is $.5  million . The 2021 PPP was established under the CARES Act and is administered by the SBA. The 2021 PPP Loan has a five-year term, maturing on March 15, 2026. The interest rate on the 2021 PPP Loan is 1.0% per annum.

 

The Company will not be obligated to make any payments of principal or interest if the Company submits a loan forgiveness application to the Bank within 10 months after the end of the Company’s covered loan forgiveness period (as defined and interpreted by the 2021 PPP Rules) and such loan forgiveness is allowed. Generally, all or a portion of the 2021 PPP Loan may be forgiven if the Company maintains its employment and compensation within certain parameters during the twenty-four (24) week period following the loan origination date and the proceeds of the 2021 PPP Loan are spent on payroll costs, rent or lease agreements dated before February 15, 2020 and utility payments arising under service agreements in place before February 15, 2020.

XML 25 R14.htm IDEA: XBRL DOCUMENT v3.21.1
Equity
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Equity

8. Equity

 

2021 Equity Distribution Agreement

 

On February 25, 2021, the Company entered into an Equity Distribution Agreement (the “2021 Distribution Agreement”) with Maxim Group LLC (“Maxim”), pursuant to which the Company may sell from time to time, shares of the Company’s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent.

 

Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on the Company’s instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the 2021 Distribution Agreement and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

2020 Rights Offering

 

During February 2020, the Company closed on a rights offering capital raise wherein the Company’s holders of common stock, Series C Preferred Stock, and certain outstanding warrants, obtained, at no charge, non-transferable subscription rights to purchase certain units from the Company (“Units”). Each Unit consisted of one share of Series C Convertible Preferred Stock (“Preferred Stock”) and 675 warrants to purchase common stock (“Warrants”). Each Unit sold for $1,000. Each share of the Preferred Stock is convertible, at the Company’s option at any time on or after the first anniversary of the expiration of the rights offering or at the option of the holder at any time, into a number of shares of our common stock equal to the quotient of the stated value of the Preferred Stock ($1,000) divided by the Conversion Price ($1.4814 per share). Each Warrant is exercisable for one share of our common stock at an exercise price of $1.50 per share from the date of issuance through its expiration five years from the date of issuance. The Warrants also contain a cashless exercise provision that allows the holder to receive 70% of the common stock otherwise available under the warrant to the holder electing the cashless exercise provision. The Company issued 9,440 Units, comprised of 6,372,000 Warrants exercisable into shares of our common stock and Preferred Stock convertible into 6,372,350 shares of Common Stock, for gross proceeds of $9.4 million before consideration of issuance costs, associated with the issuance of the Units, with $3.1 million allocated to the Preferred Stock (with no issuance costs allocated to the preferred stock) and $5.1 million, net of issuance costs of approximately $1.2 million, allocated to the Warrants. In association with the Warrants that were recorded as a derivative liability, the Company immediately expensed approximately all $1.2 million of the issuance costs.

 

During the three months ended March 31, 2021, Series B Convertible Preferred stockholders of the Company converted no shares of Series B Convertible Preferred Stock, and Series C Convertible Preferred stockholders of the Company converted no shares of Series C Convertible Preferred Stock.

 

Also, during the three months ended March 31, 2021, holders of Warrants electing to use the cashless exercise option exercised 2,700 warrants, which resulted in the issuance of 1,890 shares of common stock. During the same period of time, holders of Warrants electing to exercise warrants for cash exercised 130,275 warrants, which resulted in the issuance of 130,275 shares of common stock, and the receipt of $0.2 million of cash.

 

2020 Registered Direct Offerings

 

During June 2020, the Company closed two registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 6,100,000 shares of its common stock for gross proceeds of approximately $9.6 million, before considering offering costs of approximately $0.8 million. On June 23, 2020, the Company entered into the first Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 3,700,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $1.50 per share for aggregate gross proceeds to the Company of approximately $5.5 million, before deducting offering costs. Following the initial registered direct offering, on June 26, 2020, the Company entered into the second Share Purchase Agreement with certain institutional purchasers pursuant to which the Company offered to the purchasers, in a registered direct offering, an aggregate of 2,400,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $1.72 per share for aggregate gross proceeds to the Company of approximately $4.1 million, before deducting offering costs.

 

During July and August 2020, the Company closed two registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 4,915,000 shares of its common stock for gross proceeds of approximately $11.2 million, before considering offering costs of approximately $0.8 million. On July 16, 2020, the Company entered into a Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 1,500,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $2.00 per share for aggregate gross proceeds to the Company of $3.0 million, before deducting offering costs. On August 4, 2020, the Company entered into a Share Purchase Agreement with certain institutional purchasers, pursuant to which the Company agreed to issue and sell to the purchasers, in a registered direct offering, an aggregate of 3,415,000 shares of common stock, par value $0.01 per share. The shares were sold at a negotiated purchase price of $2.40 per share for aggregate gross proceeds to the Company of $8.2 million, before deducting offering costs.

XML 26 R15.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation

9. Stock-Based Compensation

 

A summary of the Company’s outstanding stock option activity for the three months ended March 31, 2021 and 2020 is as follows:

 

 

          March 31, 2021        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual Life

    Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2020     465,393     $ 5.53       9.3       -  
Granted     368,500       1.93       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of March 31, 2021     833,893     $ 3.98       9.4     $ 698,913  
Exercisable at March 31, 2021     376     $ 6,977.42       4.1     $ -  
Vested and expected to vest at March 31, 2021     833,893     $ 3.98       9.4     $ 698,913  

 

          March 31, 2020        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual Life

    Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2019     377     $ 7,446.69       5.3     $ -  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of March 31, 2020     377     $ 7,446.69       5.1     $ -  
Exercisable and vested at March 31, 2020     377     $ 7,446.69       5.1     $ -  

 

The Company estimates the fair value of each stock option on the grant date using the Black-Scholes-Merton valuation model, which requires several estimates including an estimate of the fair value of the underlying common stock on grant date. The expected volatility was based on an average of the historical volatility of the Company. 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. The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees and non-employees during the three months ended March 31, 2021. During the three months ended March 31, 2021 the company granted stock options with an estimated fair value of approximately $0.6  million.

 

    March 31, 2021  
Weighted-average risk-free interest rate     0.73%-0.85 %
Weighted-average expected life (in years)     5.3-5.9  
Expected dividend yield     - %
Weighted-average expected volatility     138%-139 %

 

Of the 368,500 options granted during the three months ended March 31, 2021, 60,000  were to non-executive members of the board of directors. Of the 833,893 options outstanding as of March 31, 2021, 295,000  were awarded to non-executive members of the board of directors.

 

Unrecognized stock-based compensation  as of March 31, 2021, is as follows (in thousands):

 

         

Weighted

Average

 
   

Unrecognized

Stock-Based

   

Remaining of

Recognition

 
    Compensation     (in years)  
Stock options   $ 779       2.5  
Stock grants   $ 17       2.1  
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.21.1
Commitments and Contingencies
3 Months Ended
Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

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.

XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.1
Note Receivable
3 Months Ended
Mar. 31, 2021
Receivables [Abstract]  
Note Receivable

11. Note Receivable

 

On October 1, 2018, the Company completed the sale of its spine implant business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36 month term and matures on October 1, 2021. The note receivable includes an imputed interest rate of 10%. As of March 31, 2021, the net carrying value of the note receivable was $1.3 million, with expected cash proceeds of $1.4 million to the Company through the maturity date.

XML 29 R18.htm IDEA: XBRL DOCUMENT v3.21.1
Leases
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Leases

12. Leases

 

The Company leases office, warehouse and manufacturing space under a single operating lease. On June 7, 2019, the lease was amended to extend the rental period through 2024 and reduce the amount of space leased from 54,428 square feet to 29,534 square feet. The new rent was effective January 1, 2020. The amended lease has two five-year extension options. As of March 31, 2021, the operating lease right-of-use asset totaled approximately $1.8  million and the operating lease liability totaled approximately $1.8  million. Non-cash operating lease expense during the three months ended March 31, 2021, totaled approximately $0.1  million. As of March 31, 2021, the weighted-average discount rate for the Company’s operating lease was 6.5%.

 

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.

 

Operating lease future minimum payments together with the present values as of March 31, 2021, are summarized as follows:

 

Years Ending December 31,   March 31,
2021
 
2021   $ 385  
2022     528  
2023     544  
2024     560  
Thereafter     -  
Total future minimum lease payments     2,017  
Less amounts representing interests     (235 )
Present value of lease liability     1,782  
         
Current-portion of operating lease liability     413  
Long-term portion operating lease liability   $ 1,369  
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.21.1
Organization and Summary of Significant Accounting Policies (Policies)
3 Months Ended
Mar. 31, 2021
Accounting Policies [Abstract]  
Organization

Organization

 

SINTX Technologies, Inc. (“SINTX” or “the Company”) was incorporated in the state of Delaware on December 10, 1996 (and was previously known as Amedica Corporation). SINTX is an OEM ceramics company that develops and commercializes silicon nitride for medical and non-medical applications. The core strength of SINTX is the manufacturing, research, and development of silicon nitride ceramics for external partners. The Company presently manufactures silicon nitride spinal implant in its ISO 13485 certified manufacturing facility for CTL Amedica, the exclusive retail channel for silicon nitride spinal implants. The Company believes it is the first and only manufacturer to use silicon nitride in medical applications. The Company’s products are primarily sold in the United States.

 

On October 1, 2018, the Company completed the sale of its retail spine business to CTL Medical, a Dallas, Texas-based privately held medical device manufacturer. As a result of the sale, CTL Medical became the exclusive owner of the Company’s portfolio of metal and silicon nitride spine products, and has access to future silicon nitride spine technologies developed by the Company. Manufacturing, R&D, and all intellectual property related to the core, non-spine, biomaterial technology of silicon nitride remains with the Company. The Company serves as CTL’s exclusive OEM provider of silicon nitride products.

 

On October 30, 2018, the Company amended its Certificate of Incorporation with the State of Delaware to change its corporate name to SINTX Technologies, Inc. in order to better reflect its focus on silicon nitride science and technologies and pipeline of silicon nitride-based products in various biomedical applications. The Company also changed its trading symbol on the NASDAQ Capital Market to “SINT”.

 

The previous name, Amedica, was transferred to CTL Medical, which is now CTL Amedica. The Company’s new corporate brand reflects both the Company’s core competence in the science and production of silicon nitride ceramics, as well as encouraging prospects for the future, as an OEM supplier of spine implants to CTL Amedica, and several opportunities outside of spine. As SINTX Technologies Inc., the Company will focus on developing silicon nitride in terms of product design, and future biomaterial formulations, for a variety of OEM customers.

Basis of Presentation

Basis of Presentation

 

These unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the United States Securities and Exchange Commission (“SEC”) and include all assets and liabilities of the Company. In May 2020, the Company dissolved its wholly owned subsidiary ST Sub, Inc. At the time of dissolution, the subsidiary had no assets, liabilities, equity, or operations. The financial statements after May 8, 2020, are not consolidated.

 

SEC rules and regulations allow the omission of certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) so long as the statements are not misleading. In the opinion of management, these financial statements and accompanying notes contain all adjustments (consisting of normal recurring adjustments) necessary to present fairly the financial position and results of operations for the periods presented herein. These condensed consolidated financial statements should be read in conjunction with the consolidated audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on March 22, 2021. The results of operations for the three months ended March 31, 2021, are not necessarily indicative of the results to be expected for the year ending December 31, 2021. The Company’s significant accounting policies are set forth in Note 1 to the consolidated financial statements in its Annual Report on Form 10-K for the year ended December 31, 2020.

Use of Estimates

Use of Estimates

 

The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. As of March 31, 2021, the most significant estimate relates to derivative liabilities relating to common stock warrants.

Liquidity and Capital Resources

Liquidity and Capital Resources

 

The condensed consolidated financial statements have been prepared assuming the Company will continue to operate as a going concern, which contemplates the realization of assets and settlement of liabilities in the normal course of business, and does not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from uncertainty related to its ability to continue as a going concern within one year from the date of issuance of these condensed consolidated financial statements.

 

For the three months ended March 31, 2021 and 2020, the Company incurred a net loss of $2.6  million and generated a net income of $1.2  million, respectively, and used cash in operations of $3.0  million and $3.4 million, respectively. The Company had an accumulated deficit of $243.7 million and $241.1 million as of March 31, 2021 and December 31, 2020, respectively. To date, the Company’s operations have been principally financed from proceeds from the issuance of preferred and common stock and, to a lesser extent, cash generated from product sales. It is anticipated that the Company will continue to generate operating losses and use cash in operations. The Company’s continuation as a going concern is dependent upon its ability to increase sales, and/or raise additional funds through the capital markets. Whether and when the Company can attain profitability and positive cash flows from operations or obtain additional financing is uncertain.

 

The Company is actively generating additional scientific and clinical data to have it published in leading industry publications. The unique features of our silicon nitride material are not well known, and we believe the publication of such data would help sales efforts as the Company approaches new prospects. The Company is also making additional changes to the sales strategy, including a focus on revenue growth by expanding the use of silicon nitride in other areas outside of spinal fusion applications.

 

The Company has common stock that is publicly traded and has been able to successfully raise capital when needed since the date of the Company’s initial public offering in February 2014. On February 6, 2020, the Company closed on a rights offering to its stockholders of units, consisting of convertible preferred stock and warrants, for gross proceeds of $9.4 million, which excludes underwriting discounts and commissions and offering expenses payable by the Company of approximately $1.2 million. Additionally, during the period of June 2020 through August 2020, the Company closed four registered direct offerings of shares of its common stock, priced at-the-market under Nasdaq rules, resulting in the issuance of a total of 11,015,000 shares of its common stock for gross proceeds of approximately $20.9 million, before considering issuance costs of approximately $1.6 million (see Note 8).

 

During the year ended December 31, 2019, the Company entered into an at-the-market (2019 ATM) equity distribution agreement under which the Company could sell, from time to time, shares of common stock having an aggregate offering price of up to $2.5 million. During the year ended December 31, 2020, the Company sold 354,381 shares of common stock under the ATM, raising approximately $0.8 million before deducting fees to the placement agent and other offering expenses of approximately $0.1 million. As of March 31, 2021, no funding capacity is available under the ATM. (see Note 8). 

 

On February 25, 2021, the Company entered into an Equity Distribution Agreement (the “2021 Distribution Agreement”) with Maxim Group LLC (“Maxim”), pursuant to which the Company may sell from time to time, shares of the Company’s common stock having an aggregate offering price of up to $15.0 million through Maxim, as agent. As of March 31, 2021, there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

Subject to the terms and conditions of the 2021 Distribution Agreement, Maxim will use its commercially reasonable efforts to sell the Shares from time to time, based on our instructions. Under the 2021 Distribution Agreement, Maxim may sell the Shares by any method permitted by law deemed to be an “at-the-market” offering as defined in Rule 415 promulgated under the Securities Act of 1933, as amended (the “Securities Act”), including, without limitation, sales made directly on the Nasdaq Capital Market. We have no obligation to sell any shares under the ATM and may at any time suspend offers under the 2021 Distribution Agreement. The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement. The Company will also reimburse Maxim for certain expenses incurred in connection with the 2021 Distribution Agreement and agreed to provide indemnification and contribution to Maxim with respect to certain liabilities under the Securities Act and the Securities Exchange Act of 1934, as amended. As of March 31, 2021 there have been no sales of shares of common stock under the 2021 Distribution Agreement.

 

On October 1, 2018, the Company sold the retail spine business to CTL Medical. The sale included a $6.0 million noninterest bearing note receivable payable over a 36-month term. The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021. The Company expects cash flows of approximately $1.4  million for the remaining seven months of the term of the note.

 

Management has concluded existing capital resources will be sufficient to fund operations for at least the next 12 months, or through May 2022.

Risks Related to COVID-19 Pandemic

Risks Related to COVID-19 Pandemic

 

The COVID-19 pandemic is affecting the United States and global economies and may affect the Company’s operations and those of third parties on which the Company relies. In response to the spread of COVID-19 and to ensure safety of employees and continuity of business operations, we closed our offices, with our administrative employees continuing their work remotely and limited the number of staff in our manufacturing facility. While the potential economic impact brought by, and the duration of, the COVID-19 pandemic is difficult to assess or predict, the impact of the COVID-19 pandemic on the global financial markets may reduce the Company’s ability to access capital, which could negatively impact the Company’s short-term and long-term liquidity. The ultimate impact of the COVID-19 pandemic is highly uncertain and subject to change. The Company does not yet know the full extent of potential delays or impacts on its business, financing or other activities or on healthcare systems or the global economy as a whole. However, these effects could have a material impact on the Company’s liquidity, capital resources, operations and business and those of the third parties on which we rely.

New Accounting Pronouncements Not Yet Adopted

New Accounting Pronouncements Not Yet Adopted

 

The Company has reviewed all recently issued, but not yet adopted, accounting standards, in order to determine their effects, if any, on its results of operations, financial position or cash flows. Based on that review, the Company believes that no other pronouncements will have a significant effect on its financial statements.

XML 31 R20.htm IDEA: XBRL DOCUMENT v3.21.1
Basic and Diluted Net Income (Loss) Per Common Share (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Basic and Diluted Loss Per Share

Below are basic and diluted loss per share data for the three months ended March 31, 2021, which are in thousands except for share and per share data:

 

    Basic Calculation    

Effect of

Dilutive
Warrant
Securities

    Diluted Calculation  
Numerator:                        
Net income (loss)   $ (2,633 )   $ -     $ (2,633 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (2,633 )   $ -     $ (2,633 )
                         
Denominator:                        
Number of shares used in per common share calculations:     24,668,106       -       24,668,106  
                         
Net loss per common share:                        
Net income (loss)   $ (0.11 )   $ -     $ (0.11 )
Deemed dividend and accretion of a discount     -       -       -  
Net loss attributable to common stockholders   $ (0.11 )   $ -     $ (0.11 )

 

Below  are basic and diluted loss per share data for the three months ended March 31, 2020, which are in thousands except for share and per share data:

 

    Basic Calculation    

Effect of

Dilutive
Warrant
Securities

    Diluted Calculation  
Numerator:                        
Net income (loss)   $ 1,169     $ (4,166 )   $ (2,997 )
Deemed dividend and accretion of a discount     (9,284 )     -       (9,284 )
Net loss attributable to common stockholders   $ (8,115 )   $ (4,166 )   $ (12,281 )
                         
Denominator:                        
Number of shares used in per common share calculations:     6,020,889       2,014,503       8,035,392  
                         
Net loss per common share:                        
Net income (loss)   $ 0.19     $ (0.56 )   $ (0.37 )
Deemed dividend and accretion of a discount     (1.54 )     0.38       (1.16 )
Net loss attributable to common stockholders   $ (1.35 )   $ (0.18 )   $ (1.53 )
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories (Tables)
3 Months Ended
Mar. 31, 2021
Inventory Disclosure [Abstract]  
Schedule of Inventories

Inventories consisted of the following (in thousands):

 

    March 31,
2021
    December 31,
2020
 
Raw materials   $ 407     $ 388  
WIP     106       97  
Finished goods     2       2  
    $ 515     $ 487  
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

    March 31,
2021
    December 31,
2020
 
Trademarks   $ 50     $ 50  
Less: accumulated amortization     (15 )     (14 )
    $ 35     $ 36  
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2021
Fair Value Disclosures [Abstract]  
Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy

The following tables set forth the financial liabilities measured at fair value on a recurring basis by level within the fair value hierarchy as of March 31, 2021 and December 31, 2020 (in thousands):

 

    Fair  Value Measurements as of March 31, 2021  
Description   Level 1     Level 2     Level 3     Total  
Derivative liability                                
Common stock warrants   $ -     $ -     $ 1,285     $ 1,285  

 

    Fair Value Measurements as of December 31, 2020  
Description   Level 1     Level 2     Level 3     Total  
Derivative liability                                
Common stock warrants   $ -     $ -     $ 1,238     $ 1,238  
Schedule of Fair Value Measurement Hierarchy of Derivative Liability

The Company did not have any transfers of assets and liabilities between any levels of the fair value measurement hierarchy during the three months ended March 31, 2021 and 2020 (in thousands).

 

    Common  Stock
Warrants
 
Balance as of December 31, 2019   $ (220 )
Issuance of derivatives     (6,328 )
Change in fair value     4,166  
Exercise of warrants     1,556  
Balance as of March 31, 2020   $ (826 )
         
Balance as of December 31, 2020   $ (1,238 )
Change in fair value     (242 )
Exercise of warrants     195  
Balance as of March 31, 2021   $ (1,285 )
Schedule of Assumptions Used in Estimating Fair Value

The assumptions used in estimating the common stock warrant liability as of March 31, 2021 and December 31, 2020 were as follows:

 

      March 31, 2021       December 31, 2020  
Weighted-average risk-free interest rate      0.05%-0.70 %      0.09%-0.27 %
Weighted-average expected life (in years)      0.38-4.07        0.63-4.10  
Expected dividend yield     - %     - %
Weighted-average expected volatility     137.8%-178.1 %      138.3%-175.6 %
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.21.1
Accrued Liabilities (Tables)
3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Schedule of Accrued Liabilities

Accrued liabilities consisted of the following (in thousands):

 

    March 31,
2021
    December 31,
2020
 
Payroll and related expense   $ 690     $ 600  
Other     396       309  
    $ 1,086     $ 909  
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Summary of Stock Option Activity

A summary of the Company’s outstanding stock option activity for the three months ended March 31, 2021 and 2020 is as follows:

 

 

          March 31, 2021        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual Life

    Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2020     465,393     $ 5.53       9.3       -  
Granted     368,500       1.93       10.0       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of March 31, 2021     833,893     $ 3.98       9.4     $ 698,913  
Exercisable at March 31, 2021     376     $ 6,977.42       4.1     $ -  
Vested and expected to vest at March 31, 2021     833,893     $ 3.98       9.4     $ 698,913  

 

          March 31, 2020        
         

Weighted-

Average

   

Weighted-

Average

Remaining

Contractual Life

    Intrinsic  
    Options     Exercise Price     (Years)     Value  
As of December 31, 2019     377     $ 7,446.69       5.3     $ -  
Granted     -       -       -       -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Expired     -       -       -       -  
As of March 31, 2020     377     $ 7,446.69       5.1     $ -  
Exercisable and vested at March 31, 2020     377     $ 7,446.69       5.1     $ -  
Schedule of Assumption Used for Fair Value of Option

The following weighted average assumptions were used in the calculation to estimate the fair value of options granted to employees and non-employees during the three months ended March 31, 2021.

    March 31, 2021  
Weighted-average risk-free interest rate     0.73%-0.85 %
Weighted-average expected life (in years)     5.3-5.9  
Expected dividend yield     - %
Weighted-average expected volatility     138%-139 %

 

 

Schedule of Unrecognized Stock-based Compensation

Unrecognized stock-based compensation  as of March 31, 2021, is as follows (in thousands):

 

         

Weighted

Average

 
   

Unrecognized

Stock-Based

   

Remaining of

Recognition

 
    Compensation     (in years)  
Stock options   $ 779       2.5  
Stock grants   $ 17       2.1  
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Tables)
3 Months Ended
Mar. 31, 2021
Leases [Abstract]  
Schedule of Operating Lease Future Minimum Payments

Operating lease future minimum payments together with the present values as of March 31, 2021, are summarized as follows:

 

Years Ending December 31,   March 31,
2021
 
2021   $ 385  
2022     528  
2023     544  
2024     560  
Thereafter     -  
Total future minimum lease payments     2,017  
Less amounts representing interests     (235 )
Present value of lease liability     1,782  
         
Current-portion of operating lease liability     413  
Long-term portion operating lease liability   $ 1,369  
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.21.1
Organization and Summary of Significant Accounting Policies (Details Narrative) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Feb. 25, 2021
Feb. 06, 2020
Oct. 02, 2018
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Net loss       $ (2,633) $ 1,169    
Net cash used in operating activities       (2,992) $ (3,398)    
Accumulated deficit       (243,740)   $ (241,107)  
Proceeds from issuance of public offering   $ 9,400          
Underwriting discounts and commissions and offering expenses payable   $ 1,200          
Non interest note receivable     $ 6,000        
Debt description     The 36-month term of the note receivable requires 18 payments of $138,889 followed by 18 payments of $194,444, with maturing of the note receivable to occur October 1, 2021.        
Proceeds from notes receivable       $ 1,400      
Four Registered Direct Offerings [Member]              
Number of shares issuance cost       11,015,000      
Proceeds from issuance cost       $ 20,900      
Stock offering expense       $ 1,600      
ATM Equity Distribution Agreement [Member]              
Stock offering expense           $ 100  
Number of stock sold during period           354,381  
Sale of stock value           $ 800  
ATM Equity Distribution Agreement [Member] | Maximum [Member]              
Proceeds from issuance of public offering             $ 2,500
Equity Distribution Agreement [Member] | Maxim Group LLC [Member]              
Aggregate offering price $ 15,000            
Sale of stock, description The Offering will terminate upon the earlier of (i) the sale of shares having an aggregate offering price of $15.0 million, (ii) the termination by either Maxim or the Company upon the provision of fifteen (15) days written notice, or (iii) February 25, 2022. Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement.            
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.21.1
Basic and Diluted Net Income (Loss) Per Common Share (Details Narrative) - shares
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Earnings Per Share [Abstract]    
Potentially dilutive securities 1,800,000 2,700,000
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.21.1
Basic and Diluted Net Income (Loss) Per Common Share - Schedule of Basic and Diluted Loss Per Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Earnings Per Share [Abstract]    
Net income (loss) $ (2,633) $ 1,169
Deemed dividend and accretion of a discount, basic calculation (9,284)
Net loss attributable to common stockholders, basic calculation $ (2,633) $ (8,115)
Number of shares used in per common share calculations: basic calculation 24,668,106 6,020,889
Net income (loss), basic calculation $ (0.11) $ 0.19
Deemed dividend and accretion of a discount, basic calculation (1.54)
Net loss attributable to common stockholders, basic calculation $ (0.11) $ (1.35)
Net income (loss), effect of dilutive warrant securities $ (4,166)
Deemed dividend and accretion of a discount, effect of dilutive warrant securities
Net loss attributable to common stockholders, effect of dilutive warrant securities $ (4,166)
Number of shares used in per common share calculations: effect of dilutive warrant securities 2,014,503
Net income (loss), effect of dilutive warrant securities $ (0.56)
Deemed dividend and accretion of a discount, effect of dilutive warrant securities 0.38
Net loss attributable to common stockholders, effect of dilutive warrant securities $ (0.18)
Net income (loss), diluted calculation $ (2,633) $ (2,997)
Deemed dividend and accretion of a discount, diluted calculation (9,284)
Net loss attributable to common stockholders, diluted calculation $ (2,633) $ (12,281)
Number of shares used in per common share calculations: diluted calculation 24,668,106 8,035,392
Net income (loss), diluted calculation $ (0.11) $ (0.37)
Deemed dividend and accretion of a discount, diluted calculation (1.16)
Net loss attributable to common stockholders, diluted calculation $ (0.11) $ (1.53)
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories (Details Narrative) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Inventory Disclosure [Abstract]    
Inventory, current $ 108 $ 99
Inventory, non-current $ 407 $ 388
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.21.1
Inventories - Schedule of Inventories (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Inventory Disclosure [Abstract]    
Raw materials $ 407 $ 388
WIP 106 97
Finished Goods 2 2
Total Inventories $ 515 $ 487
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets (Details Narrative) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]    
Amortization of intangible assets $ 1 $ 1
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.1
Intangible Assets - Schedule of Intangible Assets (Details) - Trademarks [Member] - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]    
Intangible assets, gross $ 50 $ 50
Less: accumulated amortization (15) (14)
Intangible assets, net $ 35 $ 36
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements - Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy (Details) - Fair Value, Measurements, Recurring [Member] - Common Stock Warrants [Member] - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative liability $ 1,285 $ 1,238
Fair Value, Inputs, Level 1 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative liability
Fair Value, Inputs, Level 2 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative liability
Fair Value, Inputs, Level 3 [Member]    
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]    
Derivative liability $ 1,285 $ 1,238
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements - Schedule of Fair Value Measurement Hierarchy of Derivative Liability (Details) - Common Stock Warrants [Member] - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Beginning balance $ (1,238) $ (220)
Issuance of derivatives   (6,328)
Change in fair value (242) 4,166
Exercise of warrants 195 1,556
Ending balance $ (1,285) $ (826)
XML 47 R36.htm IDEA: XBRL DOCUMENT v3.21.1
Fair Value Measurements - Schedule of Assumptions Used in Estimating Fair Value (Details) - Common Stock Warrants [Member] - Black-Scholes-Merton Valuation Model [Member]
Mar. 31, 2021
Dec. 31, 2020
Weighted-Average Risk-Free Interest Rate [Member] | Minimum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value assumptions, measurement input, percentages 0.05 0.09
Weighted-Average Risk-Free Interest Rate [Member] | Maximum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value assumptions, measurement input, percentages 0.70 0.27
Weighted-Average Expected Life (in years) [Member] | Minimum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value assumptions, measurement input, term 4 months 17 days 7 months 17 days
Weighted-Average Expected Life (in years) [Member] | Maximum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value assumptions, measurement input, term 4 years 26 days 4 years 1 month 6 days
Expected Dividend Yield [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value assumptions, measurement input, percentages 0.00 0.00
Weighted Average Expected Volatility [Member] | Minimum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value assumptions, measurement input, percentages 137.8 138.3
Weighted Average Expected Volatility [Member] | Maximum [Member]    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value assumptions, measurement input, percentages 178.1 175.6
XML 48 R37.htm IDEA: XBRL DOCUMENT v3.21.1
Accrued Liabilities - Schedule of Accrued Liabilities (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Payables and Accruals [Abstract]    
Payroll and related expense $ 690 $ 600
Other 396 309
Total accrued liabilities $ 1,086 $ 909
XML 49 R38.htm IDEA: XBRL DOCUMENT v3.21.1
Debt (Details Narrative) - USD ($)
$ in Thousands
Mar. 15, 2021
Jan. 05, 2021
Apr. 28, 2020
Oct. 02, 2018
Dec. 31, 2020
Debt instrument, maturity date       Oct. 01, 2021  
Debt instrument, interest rate         10.00%
2020 PPP Loan [Member]          
Debt principal amount     $ 400    
Debt forgiven amount percentage     60.00%    
Forgiveness of debt   $ 400      
2021 PPP Loan [Member]          
Debt principal amount $ 500        
Debt instrument, term 5 years        
Debt instrument, maturity date Mar. 15, 2026        
Debt instrument, interest rate 1.00%        
XML 50 R39.htm IDEA: XBRL DOCUMENT v3.21.1
Equity (Details Narrative) - USD ($)
$ / shares in Units, $ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended
Feb. 25, 2021
Aug. 04, 2020
Jul. 16, 2020
Jun. 30, 2020
Jun. 26, 2020
Jun. 23, 2020
Feb. 29, 2020
Aug. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Gross proceeds of warrants exercise                 $ 196  
Common stock, par value                 $ 0.01   $ 0.01
Holders of Warrants One [Member]                      
Warrant exercised during period                 2,700    
Holders of Warrants Two [Member]                      
Warrant exercised during period                 130,275    
Holders of Warrants [Member]                      
Gross proceeds of warrants exercise                 $ 200    
Series C Preferred Stock Purchase Warrant [Member]                      
Warrants to purchase of common stock shares             675        
Purchase price per units             $ 1,000        
Conversion price, description             Company's option at any time on or after the first anniversary of the expiration of the rights offering or at the option of the holder at any time, into a number of shares of our common stock equal to the quotient of the stated value of the Preferred Stock ($1,000) divided by the Conversion Price ($1.4814 per share).        
Conversion price per share             $ 1.4814        
Warrants description             Each Warrant is exercisable for one share of our common stock at an exercise price of $1.50 per share from the date of issuance through its expiration five years from the date of issuance. The Warrants also contain a cashless exercise provision that allows the holder to receive 70% of the common stock otherwise available under the warrant to the holder electing the cashless exercise provision.        
Warrants exercise price             $ 1.50        
Number of share units issued for conversion             9,440        
Gross proceeds of warrants exercise             $ 9,400        
Issuance cost, total             $ 1,200        
Warrants Exercisable [Member]                      
Number of share units issued for conversion             6,372,000        
Proceeds from issuance of units             $ 5,100        
Warrants issuance cost             $ 1,200        
Preferred Shares [Member]                      
Number of share units issued for conversion             6,372,350        
Proceeds from issuance of units             $ 3,100        
Common Stock [Member]                      
Number of share units issued for conversion                   6,215,742  
Common Stock [Member] | Holders of Warrants One [Member]                      
Number of share units issued for conversion                 1,890    
Common Stock [Member] | Holders of Warrants Two [Member]                      
Number of share units issued for conversion                 130,275    
Common Stock [Member] | Series B Convertible Preferred Stock [Member]                      
Conversion of convertible shares                    
Common Stock [Member] | Series C Convertible Preferred Stock [Member]                      
Conversion of convertible shares                    
2021 Equity Distribution Agreement [Member] | Maxim Group LLC [Member]                      
Aggregate offering price $ 15,000                    
Sale of stock, description Under the terms of the 2021 Distribution Agreement, Maxim will be entitled to a transaction fee at a fixed rate of 2.0% of the gross sales price of Shares sold under the 2021 Distribution Agreement                    
Two Registered Direct Offerings [Member]                      
Number of shares issuance cost       6,100,000              
Proceeds from issuance cost       $ 9,600              
Net issuance fees       $ 800              
Share Purchase Agreement [Member]                      
Purchase price per units   $ 2.40 $ 2.00   $ 1.72 $ 1.50          
Number of shares issuance cost               4,915,000      
Proceeds from issuance cost               $ 11,200      
Net issuance fees               $ 800      
Number of shares of common stock   3,415,000 1,500,000   2,400,000 3,700,000          
Common stock, par value   $ 0.01 $ 0.01   $ 0.01 $ 0.01          
Proceeds from common stock   $ 8,200 $ 3,000   $ 4,100 $ 5,500          
XML 51 R40.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation (Details Narrative) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Dec. 31, 2019
Options, granted 368,500    
Options, outstanding 833,893 377 465,393 377
Stock Options [Member]        
Options, outstanding 833,893      
Non-Executive [Member]        
Options, granted 60,000      
Options, outstanding 295,000      
2020 [Member] | Board of Directors [Member]        
Common stock grants with fair value $ 600      
XML 52 R41.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]    
Options outstanding at beginning 465,393 377
Options, granted 368,500
Options, exercised
Options, forfeited
Options, expired
Options, outstanding at end 833,893 377
Options, exercisable at end 376 377
Vested and expected to vest at end 833,893  
Weighted average exercisable price $ 5.53 $ 7,446.69
Weighted average exercise price, granted 1.93
Weighted average exercise price, exercised
Weighted average exercise price, forfeited
Weighted average exercise price, expired
Weighted average exercise price, outstanding at end of period 3.98 7,446.69
Weighted average exercise price, exercisable at end of period 6,977.42 $ 7,446.69
Weighted average exercise price, vested and expected to vest at end $ 3.98  
Weighted average remaining contractual terms (years), outstanding at beginning 9 years 3 months 19 days 5 years 3 months 19 days
Weighted average remaining contractual terms (years), granted 10 years
Weighted average remaining contractual terms (years), outstanding at ending 9 years 4 months 24 days 5 years 1 month 6 days
Weighted average remaining contractual terms (years), exercisable 4 years 1 month 6 days 5 years 1 month 6 days
Weighted average remaining contractual terms (years), vested and expected to vest 9 years 4 months 24 days  
Intrinsic value, outstanding at beginning of period
Intrinsic value, outstanding at end of period 698,913
Intrinsic value, exercisable at end of period
Intrinsic value, vested and expected to vest end of period $ 698,913
XML 53 R42.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation - Schedule of Assumption Used for Fair Value of Option (Details)
3 Months Ended
Mar. 31, 2021
Expected dividend yield 0.00%
Minimum [Member]  
Weighted-average risk-free interest rate 0.73%
Weighted-average expected life (in years) 5 years 3 months 19 days
Weighted-average expected volatility 138.00%
Maximum [Member]  
Weighted-average risk-free interest rate 0.85%
Weighted-average expected life (in years) 5 years 10 months 25 days
Weighted-average expected volatility 139.00%
XML 54 R43.htm IDEA: XBRL DOCUMENT v3.21.1
Stock-Based Compensation - Schedule of Unrecognized Stock-Based Compensation (Details)
$ in Thousands
3 Months Ended
Mar. 31, 2021
USD ($)
Stock Options [Member]  
Unrecognized Stock-based Compensation $ 779
Weighted Average Remaining Period of Recognition (in years) 2 years 6 months
Stock Grants [Member]  
Unrecognized Stock-based Compensation $ 17
Weighted Average Remaining Period of Recognition (in years) 2 years 1 month 6 days
XML 55 R44.htm IDEA: XBRL DOCUMENT v3.21.1
Note Receivable (Details Narrative) - USD ($)
$ in Thousands
3 Months Ended
Oct. 02, 2018
Mar. 31, 2021
Dec. 31, 2020
Receivables [Abstract]      
Non interest note receivable $ 6,000    
Maturity date of note receivable Oct. 01, 2021    
Debt instrument, interest rate     10.00%
Notes receivable   $ 1,316 $ 1,856
Cash proceeds from note receivable   $ 1,400  
XML 56 R45.htm IDEA: XBRL DOCUMENT v3.21.1
Leases (Details Narrative)
$ in Thousands
3 Months Ended
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 07, 2019
ft²
Leases [Abstract]      
Lease expired, description The Company leases office, warehouse and manufacturing space under a single operating lease.    
Lease extended period, description On June 7, 2019, the lease was amended to extend the rental period through 2024 and reduce the amount of space leased from 54,428 square feet to 29,534 square feet. The new rent was effective January 1, 2020. The amended lease has two five-year extension options.    
Area of lease | ft²     54,428
Reduction of lease area | ft²     29,534
Operating lease right-of-use asset $ 1,819 $ 1,926  
Operating lease liability 1,782    
Amortization right of use asset expense $ 100    
Operating lease weighted-average discount rate 6.50%    
XML 57 R46.htm IDEA: XBRL DOCUMENT v3.21.1
Leases - Schedule of Operating Lease Future Minimum Payments (Details) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Leases [Abstract]    
2021 $ 385  
2022 528  
2023 544  
2024 560  
Thereafter  
Total future minimum lease payments 2,017  
Less amounts representing interests (235)  
Present value of lease liability 1,782  
Current-portion of operating lease liability 413 $ 403
Long-term portion operating lease liability $ 1,369 $ 1,477
EXCEL 58 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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how.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 60 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 61 FilingSummary.xml IDEA: XBRL DOCUMENT 3.21.1 html 114 344 1 false 42 0 false 5 false false R1.htm 00000001 - Document - Document and Entity Information Sheet http://sintx.com/role/DocumentAndEntityInformation Document and Entity Information Cover 1 false false R2.htm 00000002 - Statement - Condensed Consolidated Balance Sheets (Unaudited) Sheet http://sintx.com/role/BalanceSheets Condensed Consolidated Balance Sheets (Unaudited) Statements 2 false false R3.htm 00000003 - Statement - Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Sheet http://sintx.com/role/BalanceSheetsParenthetical Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Condensed Consolidated Statements of Operations (Unaudited) Sheet http://sintx.com/role/StatementsOfOperations Condensed Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 00000005 - Statement - Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Sheet http://sintx.com/role/StatementsOfStockholdersEquity Condensed Consolidated Statements of Stockholders' Equity (Unaudited) Statements 5 false false R6.htm 00000006 - Statement - Condensed Consolidated Statements of Cash Flows (Unaudited) Sheet http://sintx.com/role/StatementsOfCashFlows Condensed Consolidated Statements of Cash Flows (Unaudited) Statements 6 false false R7.htm 00000007 - Disclosure - Organization and Summary of Significant Accounting Policies Sheet http://sintx.com/role/OrganizationAndSummaryOfSignificantAccountingPolicies Organization and Summary of Significant Accounting Policies Notes 7 false false R8.htm 00000008 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share Sheet http://sintx.com/role/BasicAndDilutedNetIncomeLossPerCommonShare Basic and Diluted Net Income (Loss) Per Common Share Notes 8 false false R9.htm 00000009 - Disclosure - Inventories Sheet http://sintx.com/role/Inventories Inventories Notes 9 false false R10.htm 00000010 - Disclosure - Intangible Assets Sheet http://sintx.com/role/IntangibleAssets Intangible Assets Notes 10 false false R11.htm 00000011 - Disclosure - Fair Value Measurements Sheet http://sintx.com/role/FairValueMeasurements Fair Value Measurements Notes 11 false false R12.htm 00000012 - Disclosure - Accrued Liabilities Sheet http://sintx.com/role/AccruedLiabilities Accrued Liabilities Notes 12 false false R13.htm 00000013 - Disclosure - Debt Sheet http://sintx.com/role/Debt Debt Notes 13 false false R14.htm 00000014 - Disclosure - Equity Sheet http://sintx.com/role/Equity Equity Notes 14 false false R15.htm 00000015 - Disclosure - Stock-Based Compensation Sheet http://sintx.com/role/Stock-basedCompensation Stock-Based Compensation Notes 15 false false R16.htm 00000016 - Disclosure - Commitments and Contingencies Sheet http://sintx.com/role/CommitmentsAndContingencies Commitments and Contingencies Notes 16 false false R17.htm 00000017 - Disclosure - Note Receivable Sheet http://sintx.com/role/NoteReceivable Note Receivable Notes 17 false false R18.htm 00000018 - Disclosure - Leases Sheet http://sintx.com/role/Leases Leases Notes 18 false false R19.htm 00000019 - Disclosure - Organization and Summary of Significant Accounting Policies (Policies) Sheet http://sintx.com/role/OrganizationAndSummaryOfSignificantAccountingPoliciesPolicies Organization and Summary of Significant Accounting Policies (Policies) Policies http://sintx.com/role/OrganizationAndSummaryOfSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share (Tables) Sheet http://sintx.com/role/BasicAndDilutedNetIncomeLossPerCommonShareTables Basic and Diluted Net Income (Loss) Per Common Share (Tables) Tables http://sintx.com/role/BasicAndDilutedNetIncomeLossPerCommonShare 20 false false R21.htm 00000021 - Disclosure - Inventories (Tables) Sheet http://sintx.com/role/InventoriesTables Inventories (Tables) Tables http://sintx.com/role/Inventories 21 false false R22.htm 00000022 - Disclosure - Intangible Assets (Tables) Sheet http://sintx.com/role/IntangibleAssetsTables Intangible Assets (Tables) Tables http://sintx.com/role/IntangibleAssets 22 false false R23.htm 00000023 - Disclosure - Fair Value Measurements (Tables) Sheet http://sintx.com/role/FairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://sintx.com/role/FairValueMeasurements 23 false false R24.htm 00000024 - Disclosure - Accrued Liabilities (Tables) Sheet http://sintx.com/role/AccruedLiabilitiesTables Accrued Liabilities (Tables) Tables http://sintx.com/role/AccruedLiabilities 24 false false R25.htm 00000025 - Disclosure - Stock-Based Compensation (Tables) Sheet http://sintx.com/role/Stock-basedCompensationTables Stock-Based Compensation (Tables) Tables http://sintx.com/role/Stock-basedCompensation 25 false false R26.htm 00000026 - Disclosure - Leases (Tables) Sheet http://sintx.com/role/LeasesTables Leases (Tables) Tables http://sintx.com/role/Leases 26 false false R27.htm 00000027 - Disclosure - Organization and Summary of Significant Accounting Policies (Details Narrative) Sheet http://sintx.com/role/OrganizationAndSummaryOfSignificantAccountingPoliciesDetailsNarrative Organization and Summary of Significant Accounting Policies (Details Narrative) Details http://sintx.com/role/OrganizationAndSummaryOfSignificantAccountingPoliciesPolicies 27 false false R28.htm 00000028 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share (Details Narrative) Sheet http://sintx.com/role/BasicAndDilutedNetIncomeLossPerCommonShareDetailsNarrative Basic and Diluted Net Income (Loss) Per Common Share (Details Narrative) Details http://sintx.com/role/BasicAndDilutedNetIncomeLossPerCommonShareTables 28 false false R29.htm 00000029 - Disclosure - Basic and Diluted Net Income (Loss) Per Common Share - Schedule of Basic and Diluted Loss Per Share (Details) Sheet http://sintx.com/role/BasicAndDilutedNetIncomeLossPerCommonShare-ScheduleOfBasicAndDilutedLossPerShareDetails Basic and Diluted Net Income (Loss) Per Common Share - Schedule of Basic and Diluted Loss Per Share (Details) Details http://sintx.com/role/BasicAndDilutedNetIncomeLossPerCommonShareTables 29 false false R30.htm 00000030 - Disclosure - Inventories (Details Narrative) Sheet http://sintx.com/role/InventoriesDetailsNarrative Inventories (Details Narrative) Details http://sintx.com/role/InventoriesTables 30 false false R31.htm 00000031 - Disclosure - Inventories - Schedule of Inventories (Details) Sheet http://sintx.com/role/Inventories-ScheduleOfInventoriesDetails Inventories - Schedule of Inventories (Details) Details 31 false false R32.htm 00000032 - Disclosure - Intangible Assets (Details Narrative) Sheet http://sintx.com/role/IntangibleAssetsDetailsNarrative Intangible Assets (Details Narrative) Details http://sintx.com/role/IntangibleAssetsTables 32 false false R33.htm 00000033 - Disclosure - Intangible Assets - Schedule of Intangible Assets (Details) Sheet http://sintx.com/role/IntangibleAssets-ScheduleOfIntangibleAssetsDetails Intangible Assets - Schedule of Intangible Assets (Details) Details 33 false false R34.htm 00000034 - Disclosure - Fair Value Measurements - Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy (Details) Sheet http://sintx.com/role/FairValueMeasurements-ScheduleOfFinancialLiabilitiesMeasuredAtFairValueOnRecurringBasisByLevelWithinFairValueHierarchyDetails Fair Value Measurements - Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis by Level Within Fair Value Hierarchy (Details) Details 34 false false R35.htm 00000035 - Disclosure - Fair Value Measurements - Schedule of Fair Value Measurement Hierarchy of Derivative Liability (Details) Sheet http://sintx.com/role/FairValueMeasurements-ScheduleOfFairValueMeasurementHierarchyOfDerivativeLiabilityDetails Fair Value Measurements - Schedule of Fair Value Measurement Hierarchy of Derivative Liability (Details) Details 35 false false R36.htm 00000036 - Disclosure - Fair Value Measurements - Schedule of Assumptions Used in Estimating Fair Value (Details) Sheet http://sintx.com/role/FairValueMeasurements-ScheduleOfAssumptionsUsedInEstimatingFairValueDetails Fair Value Measurements - Schedule of Assumptions Used in Estimating Fair Value (Details) Details 36 false false R37.htm 00000037 - Disclosure - Accrued Liabilities - Schedule of Accrued Liabilities (Details) Sheet http://sintx.com/role/AccruedLiabilities-ScheduleOfAccruedLiabilitiesDetails Accrued Liabilities - Schedule of Accrued Liabilities (Details) Details 37 false false R38.htm 00000038 - Disclosure - Debt (Details Narrative) Sheet http://sintx.com/role/DebtDetailsNarrative Debt (Details Narrative) Details http://sintx.com/role/Debt 38 false false R39.htm 00000039 - Disclosure - Equity (Details Narrative) Sheet http://sintx.com/role/EquityDetailsNarrative Equity (Details Narrative) Details http://sintx.com/role/Equity 39 false false R40.htm 00000040 - Disclosure - Stock-Based Compensation (Details Narrative) Sheet http://sintx.com/role/Stock-basedCompensationDetailsNarrative Stock-Based Compensation (Details Narrative) Details http://sintx.com/role/Stock-basedCompensationTables 40 false false R41.htm 00000041 - Disclosure - Stock-Based Compensation - Summary of Stock Option Activity (Details) Sheet http://sintx.com/role/Stock-basedCompensation-SummaryOfStockOptionActivityDetails Stock-Based Compensation - Summary of Stock Option Activity (Details) Details 41 false false R42.htm 00000042 - Disclosure - Stock-Based Compensation - Schedule of Assumption Used for Fair Value of Option (Details) Sheet http://sintx.com/role/Stock-basedCompensation-ScheduleOfAssumptionUsedForFairValueOfOptionDetails Stock-Based Compensation - Schedule of Assumption Used for Fair Value of Option (Details) Details 42 false false R43.htm 00000043 - Disclosure - Stock-Based Compensation - Schedule of Unrecognized Stock-Based Compensation (Details) Sheet http://sintx.com/role/Stock-basedCompensation-ScheduleOfUnrecognizedStock-basedCompensationDetails Stock-Based Compensation - Schedule of Unrecognized Stock-Based Compensation (Details) Details 43 false false R44.htm 00000044 - Disclosure - Note Receivable (Details Narrative) Sheet http://sintx.com/role/NoteReceivableDetailsNarrative Note Receivable (Details Narrative) Details http://sintx.com/role/NoteReceivable 44 false false R45.htm 00000045 - Disclosure - Leases (Details Narrative) Sheet http://sintx.com/role/LeasesDetailsNarrative Leases (Details Narrative) Details http://sintx.com/role/LeasesTables 45 false false R46.htm 00000046 - Disclosure - Leases - Schedule of Operating Lease Future Minimum Payments (Details) Sheet http://sintx.com/role/Leases-ScheduleOfOperatingLeaseFutureMinimumPaymentsDetails Leases - Schedule of Operating Lease Future Minimum Payments (Details) Details 46 false false All Reports Book All Reports sint-20210331.xml sint-20210331.xsd sint-20210331_cal.xml sint-20210331_def.xml sint-20210331_lab.xml sint-20210331_pre.xml http://fasb.org/srt/2021-01-31 http://xbrl.sec.gov/dei/2021 http://fasb.org/us-gaap/2021-01-31 true true ZIP 63 0001493152-21-011330-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-21-011330-xbrl.zip M4$L#!!0 ( ,F&K5)P9, "1 @"5)([28B";LYS>_?6U??KVZO7TC_9]?_N__2X)__OK_M-O21YT9VGOI MVE+;M^;4^DGZHBS8>^E79C);<2W[)^F?BN'A-]9'W6"V=&4ME@9S&?S 9WHO M#3MC16JW>F8UK/R8MG?G(YJ+?*-]]7R M;)4%@WV]_?(H];H]N=OORY+<_8?T#UFZ_OBE\WT*"[E67'@&?_ZA=]T=PK_D M_F.O^[X_>M_M_G\Y)W05UW."";O?N^(?_OI?OS_9AOX>_RW!9IC.^^^._O.; MR")?^AW+GKWK=;ORN__]_.FK.F<+I:V;CJN8*GOCOV7HYK>T]^3)9/*.?O4? M77L2)_?GZ+_#GY\4)QP9 =SP_!HD\*OF!B]$'QZ^XS_&'M53'QWQ1W7_48TE MGG.8VIE9S^_@AW>X0_Z#-IMF CMZ![_Z#^J.->C)%YM6QI_P7_!<._/AR3OX M-7C0:<\491D\/%6<)WI0_$#PMKMRNR]'7K$M@SFI[] O*2]IKMUV5\O(6S&P MX.=W^#.^V<4W>]'IXB]&IZ-?4J93+<]T[57Z-H@?8UOAV.[Z!/!ERMC(A\&S MCFZZWY&EW_F<^<9G-"3.]PZQP .;2D37[^>TY_A6VW^A\]W1WHB?<3WX,TJA M-]([?RC.>*IENNR[*^G:SV\^VM;"!ZTKNQ;_NP]@_@N@_M=GW=07WN(S6SPQ MVX7U@A\T6\&OD!_&3!L!\7QJZJKL<5DG3X4DNXV$A[Q\4<\8NO^O.FU_P8VQ= M?WV7.D1T^G?I\_O?)Q AH%TR6[>TE%6XBNVBG/TEQ'PP0_#;VFN@%2(OX1:% MTVNQ5_SO8P#X7XK=SR:)2^=N2NPC]Y ,! /_Z]%6-"!!T#RG30UB/>]O38U- M@0Q<]DE_9MJM"1)]IC\9[-)QF.M\6'U6_FW95X;B.)QN_!>3B#@T^7#EX_X2 M[E& +/'+7NG@HZ+;I-AOS:7G.I_8,S-DON3U9SXSQ?%LAJMV'ICJV3:86>)A MU7-<:_$O,)46EOG5M=1OORNV#?"?"8$%2/BP"O[\&\RCV.I\16B+T]4&Q&XG ML1T!B^S/1YO]Z8$EO,J :L-65@L>6H\TS*KMV:5\I2=Q7C M5=' 1AR\,GIX8*ZBFTR[46P3[/'783!2C0,P+2,GBN5CNBE\FBEV,DSH@KUDY"0\7(TN M. E=D'!@[<5*2*6,JX8R^//K:T_]RCTT/AS:^3//93&[;6[0U_CPM^C$]>X MN)S"&A?7O1^-FVK9%';ZG#H+[M_%L\<=.<;J!@PUEQF,\=]@)V)9A>>0X>M% 7[25>>= -I+W09EB6[ M(J $>_3(U+FI@X:/P)!O2ZL%*$D7Z*:/6QSY*:<:R.K6%^UURX%SRC)NY,"I MRX%C9F.?MQRX^;YDJLNT1V8O&CN@X?_M_+].,8W^/Q^^;_1^P_?'Y_M&W^^; M[Z_U9V0\+;3>&FYON#T/G33\6"4_WBWQR7]:!KR!%-O8X UW;N?.=*II[/#S MXO_&%F_XOQ[\_ZKL\6ZOW9LD2I3C%;GWGJW.%8<)*CT/#LT3I,V/C:-2">W@ MOA- >I$$D(9B3H]B4JK'BJ>(1 EM7]5C683FZ\B;[\Q6=4=Y,L[D))^'KC(7 MWY!103(*67.NV.P591RE+KPAGX*=S?-U+WD%_2;VW-VE0NJO30^,D^C'C@PV M:/?&/L$_OEB/<\MS%%.[-+7'%UCRZO[^_I.EF.=!T=?L"4Z9CFM[.$B$E+>N M_+A&/V[2OHU^F./"5Z(-4=22*)(:%;>LL$:-TM(^"_A/K./&XSVU+D5RTY5'@ROCJ/3E4J^O>/ >H M:\BJ/F05%S*X=_L6,C!'(&0:6CDE6DF*(-S)PB(H2F+'\<-NZSS_VOVPY3OS M-W[8@_MAMQ/_WRQ#8S;LNA\6O#-//!:*:3>/NFN \+PU-4S"]10C0L[9*VZ( MIS+B.3]IN4^R:B3C*1#WXXOURD@X6'%#/)413R,9BY!5(QE/@;A?&?TV9+/1 MU3=N=P>-@Z8^#IJX,P]W9]_./)BC[SOS&FJH%S4DW76X5X7==5$B.K3VX8DR M_-^)@C)+L;6[Z;5N,]6U[/.@JWM#,;\H"Q9+'$IBH!I#:ILB3,5OHP9S7/D> M.$P_G(&]OU.F^(H]U]Z/>H/!Z&)X,7Y51'#U:H@@60S="(!Z"(!C M%,)O$ "CWO!5$4$]!,"A+@DY@%TB-6U-W4T!0T([^ MU&EBTUEHZ^*/?2 :14K""J10];M[/1!1CD18ACB.YB\TI^K:G:HO=BE&'!_1 MI_O%,F^^,]5S]><3C__G(9WUU3;'V(Q:FV%;[IYTK0TN8-^:/NM*D\;L/Z;9 M?RI7F30D4QN2B<=*#G:[5[/W]=K[(]^$E7I>?E5T<$Q'P6FKC89D7J_::/;^ M=:J-LTLI/.F4OOJIC WNGX9TZD0ZM74$-9*F)N1R)$NCV??Z[/NQK8Q+3=.Q MB;9BW"NZ=FM>*4O=58Q710\;<=!8'T6MCX:DZDQ2)V.5-&14,S(ZLK72T$-] MZ>'85LP#;3'>@NID3[^Y]A/AOYNU_9RY-REY]>,K2))G_T=! MS6A@KW(@/)KTVKV!?S2!OX<^/7!L7>N.:^M/'CH $A42_H-T0^6OMN4M/WVZ M.@^2V93YOQ4OVTDF#R@:T]]_8C/%N"'410!(P?>QCTQ(0X6/3+U(I^E#%ZM\ MM#S[]5;0;5_]L0FJGF?PO%931?=3WWQ?PL;@!CTCG6@/L*#S(,[F1NIL@(K? M2)U-)V=NP1Z8'Q]TY]M'4/6W)LI-QPWQS.^,U\WFSOB&0].>R*:<:B!+NS<^ M2HV-'#BD'$#[O)$#C1RHAQR(4F,C!_9AGS\R>]'8 0W_Y[?40XII]/_Y\'VC M]QN^/S[?-_I^7WQ_M\0G_VD9\ ;R0Z/S&][?SOOI5-/H_?/B_T;W-_Q?#_Y_ M#?H_#/#VV_(@#/#*PTB'U,>YY3F*J5V:&N]T?V>R^_O[3Y9BG@>?7K,G(#'' MM;U$?#?/XH\=X<6-VR'"*^\I92"J41HJJBT5)05,2 Z'3H_*P$Z3-979M'DG M=#7)5,=.ILJH/KA9+ UKQ1B9@-S&.0\JOGQ1;&W=K,M<[[%%X/YMK+4DNK,Y M\=3-?JYY&EPV29Q8M47-\5Q4Y(Y&PWYO/.B?*AL&F?K>DZ-KNF*OOBIXAQ@M MM!'#VVJ(-]'%8-*_./T;8DZ(+DY+M/@7@"#6?CVGFI]LBN$W?R07_ K%1[/W M3<.!K203^#[P'HQ-OH_7ZQ.KE5M5CMRKFYN6<&\/J6Z:JX+.1]EXILZW^K>O MUVN[N."QL%]TQQKTY(OW\(P_F/]3? H<+6-\NJS+R9Q"X(L>VGD.@.\^8QZZ MS3B%D_#=+R F;,6U4MR2!7"0A#%MU,BDU\RT%KJY;=KM>$G.FS:P_WL,"SD0 M>@_3;-FR)?RY\X8Y?T[=S/$]UWZ/#^0?/:59Z[UBW]E40JY13/R>V40ADN"& M!S9-7MOY1L(QZ8<(04D:4_6%8C@_O[G]\A'$4P>U?H$9*P+2]]C4&DA^BV(_ MUP6%)["0T5DLY*(MCP*G UK9[$\/H+]Y7@MNG?0RQV!"U7,A?(I+SYU;MOX? MIN6301F ]89=_D\J=,FI2D*U+G0. ]6MXWAE\308#GN#[F0#0'R6$L#D1\]@ M-!X,+P;E@;GS7#3]--V<[1L]D:G*@E4EHC: %5P+LZL)$,@/L*.9\^'*,I^9 M[>I/!HL/O;LDR0=B=0M+>HW.>V%79["P5%*LS\*^,/?65*T%^V0Y3@S^[-Z[ M<>BB8+7[;WZ193CM1S5';(HJYM_6>_&0X.W0578C>&"E]OO[A:]2 .)41Z2V M)X'\1OKNZ.]-W?CYC6M[[(WT;D=8*I"A^X6EF'2H#)8*)-5V6.A5;AQ=>]CI MZ)Y\7%S"\;G0IWC'1<,)H"(F"AB^"@O[PA%"P M(>;X-\O08+R[J4\2=Z;?0<-78>OW1&W%D#R>G"EZ'E^L"M#3[_8NAJ>#H#S7 M&W_8C(&CZ(2M0%\5VK;VI-<=G_:NE2#:44^&4WQO7^N_MRV5,V4 M>W7%;:+"4U9J9:18WI-!PN6V"<:RZRDB]_( WSLN[%O.?)-1">"BVUK ][OS M^2);<21]LIMA*[^2LB>EFJ^DP-FF/BLI>TH[Y$JV^OVKIBQ,,MD.4#G0]\04 M1P.]/.T,,[V0U8&^)[*O#O1\D9Q#4TWNZ$J1N,\9+F+_E%3M(H[$#IMBB(HS MQ_]C+>FS8C"P&Q\8%I1BQR7\X=+4XE]$GKPU5<'00*'>+T_8'W8OQ/N +E/O.>SL\"%AE-G>$_QP$RMTV=R#+ MW8N]P)=3Z0XG>Z&M@/9SNO#SQW0KF7G4&PQ&%\.+\5Y 2%K-AUM\KIGYXD>] MX;Y *!2\J7!F^6@S%XS]'&#-^Y^Y2+@G-3]J/THMF1Q55*E=[,5B6<-6&:4V MZ$\FDX,@KY3JO>A.Y(/@[JC?I'@:+.YH&?2+%_>GFS0 ,$=%[W+UMTJ'7 M+2P?MH)VJ?T;M@BK&IU'*\.ZHT&>% >VSUHLF>F0^_*! M@=)U=)=]9?:SKC*>B/7 5&MFTBCK^=[E,_MR'5?JNJ8R1[!CK&E3B4F)@T _ M[G_;]\IJBLE:XPAEC\[GNS1A/ Q=S)BI)I,^-XF+$B6,OP8G45.Q,Q@=>6HESB#P9U'^A^>I+2BZAR#%# M#)&2,+USWX;1N/!A)P;%H99Q<"=%)4#NV^NP$Y!5L.\QR":2Z(Q-8G_7W7E8 M=/B1*:YGYW4/;7$ R+)<>'EYH#ORJ@_.0_N$?=^L527L53CNZD23U]2*U-2< M6_/FNPK'V[MI,JQ>"2.V=UIU#NB.N^B#\^$>0=\W&U8(>@5")&,R'#-S MR$M5M9F;++:/5^]0XKMGNI6PXDB^Z(?F;L40UF#UU9W*:P+_SD?V(\%? 7<> MCD;IE_5.&!3/23T*_K:D3O2[^8"WV.+#X46XZHH@.^)JJ^/$(\.],P<>&.X= M/57]WEE1716GXF%O>+(XV9NC[ZQ0M1UEV*F/2 ![Y?G5\OO<*'!L"UWBZ3V MYIMLK5^WY3+,LL.KZIP'IC+]&1OP@O*\\H#F$V?D(JT&Y'&B6G[K5)7 EL\8 MZLLE8;LU\7H;RU[]:B<;G1=!4J(\+SYJ\3GS+3Y1,+5Y4I!^2V"FF^^8.LH M1:1 +AV'N4Y9$ND-XOHKQUP5@9<+41>)DO<=P+M4R4'C^ ^'I.54P&*#A+\W MSV2509@+A:.+\A"*[BJ)GBJ7[A6<0E8@TK;UC]^E ]/6^2H#LD3/H\) 5L2U M%\-)O-YT,PM4PHN]X<6HP*01SOQBF6K)%2>R[E,'WQF"?'G_PQT@X V%S-DG MICCL09_-W;OI;R"X\+W=U?JDE\#&IFE*PY1/HXWER>XPW9I@&\W0@A,89>[- M=]&PZ5?+TEYTPZB*=/+,515\NQ#6;O )^Z$*3AMGV";99)YS^ES8&"1Z[.28 M_I.N/.D&F?VE!>OX(D[&ZV/O-GL^2NAUAP5G)S%4)0)2Y&RE4.14MCM!$1,Y M_O.KTB9>M[]!LB6G*0]4/C:1RP!U#2?I9P6OO:Z0=.1>/RXY-LU2%J)\2JDW M'NX,T2?+G#TR>X&I4:51D^A>DC+VCM/G/&X6G!PCWQ[3*B2.9/^6S!E*@9+W M\#W:&18Z.]TK*SPPE::*R2#U:!8??G<@\NF<2?KY<#,0$5SM+E='"=]#9-"" M\^5:Z;";:,&Z:;X(CU1@4_62,Z<.OSL0^=:?4!GY@,A0+!4@11Y<7.31817# MEM,[.=ITG,D!6X2X+DV>*U1-_]A^=S#(I./4J:H +9_9-AZ-,PW87*!EA ]* MF+-K344SIB@!23[6Y^10+97;@#4#_ M /Q/>U2^5X*B7N+HO0,<>UI*\52;KESU4@(-(((/%:5GCB?#=$7C3[,3'(41 MUAN/Y6)P?&6&@1@SM<^*_8U%'JT&,?U$K^7,Z#M)%2/95X3F!*8RB=F\\R)!G M&RY.MTPK_E251-7O)KR:F=.5@JNX/$OD(N0&B_\(FE+\_@'8>'<;=5OV5H'9 M*L@O#8G$-QETTP.$A#>$?&!3RV8!5,RY^0YBR[+!BE#LU:W+%A071&/#(@7A M)\96HQWE43)M96\ 'QDW._#^J-\_-'(HIQM>@I\\W9FC_+V;KKN;5ZE9W,?K MI'0W#ZCYS3><2-'+/7VU@._@:*@*\.BUP%\5@U$W1,-@*J\+I*3% M,(6J(O],_.13#(3J%U 8^\-Q,J>PU *4E9].K_[IZ3:#X4!NNZM[ _@$QD)/ M(AF\U3A!XF9C_MFKA7N'XJ*J ,]@EH^@"DVU>B$S&?0G>9@U9?YJ(2^,\HM\ M4B8'X%$."8N_,#"S)VNZV(3%)8">1 M]$D?F,;80EDK2J^JS5$O!YJR8*A^!2702*;8U5PQ9V#CWRLVI>9>>^S1BA:2 MQ$' WP+CKQI)%RF)+@/,7E=5#;&F:YID/6BA;(%$]O6F2>)#0 MQ?DAJ!KZ"DC95X/WS"8_X+5N>.Z.+7WO,]R4;;DS[(<8RYBR!&1;\9 )6;270EL5H86BSMF!W ;J!&OO#[#U/%3.Y MH=H7)<:@(N32-]=PH@6[50@.S&H(^\CY[>+NS.@1[2NS=>9\J. 0OXG;!X(" MJ@3RH*O/OX\;_0 $9HS>_0VM%.5 .Y,HQE-G+ %8)=)@.V21&*J-J<_7C/_W MULQ(B:[&L+I8B^#FF[U2L(N;4I-D[61U8*/I'+Z=40]1:;Y%&0B*HV[KAF=- MOQWR1$V+$$KQDI]JR):Z'FY<1AY8]K>BPMM")7T'6)!?YEO53FR5'Y$)2T.W M0PYIE=")IBC70G^F-D>I)B2PE;KS@+*_!16/4PV3M?=E%D0:]6X*3X* P@Q_ MYX&1#]./=U2T"9$NDIMF*P56!:?8,-7E5T4WT;:X,\/OJFI..4@6=FR=MA(X M=_"R#'KEX/3/'/%;1/>D_O-/5ERE)/+G4V?*(7OP]FZ>L#QXQ>,&.X#'.[_''MW4 *=L M]&#[=.4 VP%G%P4!"Z75TH:ARHB<9#U>0AJ&XQ>=N[@$ZN>>.R.G)SB'5)P, MU>[W$T?(_ !4"_H."FXRZ54$.KZ6Z*OVP!S7UE4P6T3?M?@7D2=YF]!U4TZ4 M^-U\5REEX@%,H!NPBBJ*08P&B8*UPZZA?A@L3D#R.''8/"X*4W15N3K]#%69 M.4W.HV2RYCY]F@%FRRSWTR-V2_8R-J<^3$3A[+F%PO=P:@)M6\5KVZI1R^V LK&"4S$W0") MK26CBS>/3?@HV<"8([ K?/!'[7[7)[O'%^N!S8#D@(VT:QT,.->'(V^ESDB. MKC4WH)4N[R(B=\81KJ(![CT;E!18Y'%NVKZRP43>?M7(/E>6(J_\E7VT/+OL MSLERM]0"T]B3VB Q "7Z0A9354&5:?)CM$%^I -8V9)*4F)JD6KO2,NIBOQ2 MRZ4GY1<5F$$!Y6[;G8A]4EC[YFG'L%XXE 9,#[N*ZIGED O8(WO( M:Q*LP#JP.% \]\7#N>!#(,/1=?!H*Z:CJ/F<4&7X)*NV=SCHCR,9044 WK#8 M*["C=$W4HO-*2*:!#CO8RP!M=F5+#I2/)8\D_,^.Q?Y/ZX-1Y/I*EE&-8+TZ2GU?HSDT%K M,!BTI!<=IEG@)=YXNLF8RK4D2X452W>J:P%-2')+0J'0B7I',Q:^YL@P75W# M;$(@A_ B'MY:BVF\\\)BZ;G"X9S,IKM<['8;<=:M/!<)(J@$O(.M>?.!/\LL M3C)MI6LF4SM/>I_#_6GX!9_:[VE0]%:I0N5]^X.LBECX^B9P2$S*P$LBOL*K M"]?CXSN LJ_E5(#9WQD&KIAV^0P*:<:X&A9)S6M7;X6W\U4G9[KR8-B-9-+O M"- >UY5/EA2KKW&Y5<'K0NX5U)AEJA32@DEQYWG>Z:L$N_)2FNU@YQ9EXKTK MQ5"Q4+*JL&P[J*4I %E-%;"!W95.EU"SW>HGVFH4!V4E3(2 ^8M?0.=/P?J3=$=%+!R$V^.X@Y(OFE@&A5'N% M<=:U2VFW=6V>,%_JK9Q,O$)?OLD_H9DAF=FV[^S/HY/9H*QI;*/8W)X_W M8Q@_1VT#H J ?4=N367<";[A"V899'XL/;,9Z8X MGDUN6'0]>G;H6?>=MQ'3R6\KM=N-YY6NJ'=V*^H?8D7)](H\=Z15O^J375%2 M'IP^K^59T6GQ6IX5'877\MS^5_VJZ[:B-,#P\I/?3.O)838%@OA. ;26J<(P MO"EV #PZ=9V@5CFK[54R,7#'1?82189[ ?]8.$K&::L2NN>%I$1.0E7<ZQ^YE,7O&6'IM1,%4H5TQF"R$/&X?-HC#P" \U9QCKS'_A@*.JWK^K<,AC\8KN6B&,QKAS1L>RR45:QSAPT22^OV5HXF:Q-*P58Z(38R1Z=Y59_)8OD2]9?[EUIDI RY7R1U<6EP&- M]]Q4Y"B7K/[[ ^ZO[^WNLEE& 8V M[;M1U'G\V0PAT@/:#OH@T)T.5_$['?R^"&*TW&UZ+B+45AKX]08C41"O@GLI M*/20W5(I")KLN.I?L/!6,5?_KR-9O(Q<<27X++GZ@DGPT;(E90J;2F7;4]UV M\&=31^@4>^77<[/O2YW7X?O?V&1^P"?1U@K'<>D7,8]XCA?E1&=M2;KI6I(B MF81.?-#AEZ;#7Y:'!9QH?$D.W<_!_O04 ^O'<; _/0NP#L):#.X0"4K/E+L@ MO@NP(O$+/M[^16Z!T/U1TLAY1<7L^%RX!?"*KC)\L#,8RP-I"4 11#]&RM,W M[E]J5V/1G($&3[U@HT*2WG -1[P>+!.RLDL8M7O]XMU),H'N# \$]*A*H"]Z M!P#ZHBV/@H/%5^_) 18!2&^> W"K6U*OMS<5:0JS8,Z41+?2:#C& ^K4S^0*:@+RV1< MS*;*?5(8_CM,6I*(IL8C(!I"$2U- 6:2YQH:H_" [M\VX,YMRYO-)=UUHOIK M"KI-6C'%=K+?[4C81"5(:8!]L A1B@[Z4\)NZ096(4:@LYYU4B7N' ''MBE. M5/V!_N+=4)ATT?W!5U6Q!5MX\'K!T12_NA5(0Q.:^47@42A",2PSF(H]$_EH MV6!U1*)$"@'DLMK\C BBJ3 M0OSJ'(!5;7+C1%_CFZ9%6]>O-EI&AQK M"C2]TR0E.7UA+QLS42N0W?E64PC8-3D3O9D/!^#$(509T^0,QT)6*IY87405 MQA>:<,A&'+R9Y\-MA2O[6<*'0RPA2HB^F"P([=]XMX6(7#77F6%#TZPX-_A M[!/ QQ'[H!-(&XA?S[R-F:%$T@O;%-9^ B5U3\PV90L'XQ5KVP8 M65G1F2PU.'>LE99DJ]1BJ[)K M2;\L[1+UX(S ^+ *'Q&M=R_AC*KQ5!GG5V[AFIQU=V^"M]OU<57"N<' ^&*9 M8!.HU*$P=Y A(<4KA;\6V,DA\>DFF5-!0B3#@L=_\@4-LVY,& W[DWYU:U^# M[BC+S[WUXWY_?';+]PO2\]CE%V>V]OP-3,]P[O7"6C%&% MPNQ-AI5JS.V(V73\B.RL[P3X']F_">H:(2LU4S4+ M6?W.9/R*D95B;6Y UL5@,.J,)J\87^FMLT\>7TZA0W%NG.5M/7Y?F0C>[T*V M=A[/SB\H9(Y7MXK*$>B/?@[$4'HM^>EA[VM)L3%/>&7WAM^@B@\];=>F3X6UZ0-;*+I)5UN;KJVHKJ<8:\5^&[;FE_OA'_W/\N3: MO^OUX)#6$%%IN_[+_>2<$$6*F6F/UC^9XQ:')37')Y7U]\H7^UA%^N;+W3\J MVOBR,*>*R8,28J^(<(D7=Q\!V)KB*TO&##[W!N>%L$C6:-72I7H"VP'8FN(K MG<"2W1;J@J]J7 VW,)-N.KJZK4%TT6;M!X4Q9[7_>"+W]Q4CB@-Y3&RD^_UJ MMF,%+U3= _/%84RM3-GQ3K_# KG+U;1[@Q M-(8EY4'?$C+:;DSM;IH2P]F1 M?8^]ACKCL@QC[<+\04O=2\?Q%GQ):=W8\J;,[=+SKGM115 L[TKJC;IBG>ZZ MW?'PV*C;A7?2)HRV2LI=49/652KP[^P?S)HB)-%="HX,W<^]X?$P4A5-IK4G M+>[$S-&_=.]0[Q5-B7-)V,]PKX)<[O2K"-<77M")H+)0_\A.OXK(=&E4!GF. MS'[6598.R!!.VO:VE%DCS2TD05[]&VAANJ?"].#,4<;OZHV6+K_"YW*HS M#^$-)OV+(:C4WA^CSP= 7.IZ3@.;F12)R(N[Y(Z+OD_,<1B[6S*,G)JS3W@9 M#=_U1^OFNPL*.[>S\C':5&[#H-N[GE1'$D!R8R-J5Q+8GQ@ M:K %XEHQL-,)'@G]9B8P[$!2X!&;:1XU.6'P/C4PQ#Y:2T45(VN\N\EPT!KT MQI+SIZ=@LQ3&J(5(;](:]@?1;WG'$Y.]T+P$%IM.L;O(,Y/^KI@>-@.3$?Y> MES_K0\W7,8<7W!>+NJNTL;L*7PKU1.$-P9Q(,ZWMN%WK?AE[-KBJ96>W@WPQ MCM\.E3'!FA6A&$Q4^T>:J-Q-'X&4'47%#QEDT6OW@HZ(\'?0L^_F3P_[&.J. M:^M/'JGP>*V?_R"9"K\"&2P_?;KRF09WXL[OP?:B&X8$Q[*%;J(9XBVI(0V3 M8#L,G7=:>ZO_R#NGP3HBG=?FRC,.H)B2,H/99[P?CA@VTGMGV.E*"Y@%H&S! M6&(P?TI<_--*8CJVLI$(7NP+Q[NM41NZ$*:P90X,/-6G+F.F]%8>_BAIRLJ1 M7FS=!3J03,N%R5LX#$P'\WUD3S818V](U-CK2+\%77(0$,?OKH.HEJ)XE0+$ MM@1PA+ G0)#IZJ[!65"1W,A> F]0*R( \3O\;HM&0;U.V,5G1C>M(T*=$%4\ M&T)R+$.+=/'9 %*$.W+0V/[),J.59#EJ/8N=*K=1);WQ$;=B!>5X_8M1=5&3 M-=".LO;CU*,=$C;;'_-O2D MBS](W=ONIK\YZ+]@[N7"LEW]/X1F=*F9N1L%;;$0$ST4B@*Q>1&)O05-HZ(1 MC]X6T5$Y'RMG.2U'PRS(M\^1&!R_IRZZR5. M SB'A#"%8^:AY/".4,XPSG6)A & .>[?R#MC(4C!U!&89=K-=Q4>W=)G?BO8 M_6%^J+-F]Y>@,?W]#9I2JPGOF*8#V/<@M3X_C]LE7MN0(/<&TVZO5%TML1HT>FN+97ZI#ZN MEOE7*'?;_^#C1U]/&Y:[$VY,;4,__/7QP[_CL\1&BTYWB0=N?.*CHT"C0*SIH^V/NM'W6#V%:!A9MGY2?V+ M9;85564&.T+XT=8WRRX,Z-=+N/]*,M5O23L M@[;MEQ&G@3X:V:#'L6; M//+>LETH>ZSL_(4M[/Y$CMSA76#VI"&6O#/^UH1=Q9UT8(/I0J,':KZ-AZI= M41<'O=V/'PX*05 Y^(4QWQM5!WW9 V]6/ERECJZJV^OD!?K(-5T.RO\L8'ZOXDX31MQ=!G\/'? M@$1]NGKSWS/W)QSY"?_H=232912K$6=?&-F5N"4@O472_9'N4>*K_^__DOL_ MT7IPC'=/_FCOEO07_LK_M3_8E<7RI_^21]T#S\OQ9 )N=($;(\ -I6G];W#+X(BS@$^X[0(50;EB2M+8=>*+:* MZ.P$4_:BQ$59\([&>/H0S^EX@B^$H.P(RI365D;O+6T0![9NH/-O 1\PY0W@ M6?KN&O\>,5,C4%[\R[P".$1G]>@B\(V.]%$\XR$]!5RKB=U+(9 GIBH8 MB(5)=%LDZDDOEF=HF,D%@V R%:Q6;X?(C$9VYXHF+2T7DVD4P_#IF3\I.8%F M@O5A.B5EABV7MO4=,.XRP+C<&4LANXJ$, *ZU[E(^X52?>+(XX^#4F])L+PE M3S4T5IU7(G288;T0':]O>()5-<55D&H)HIQT^3+7X3,Q.I(BM\_Q9CB5 ?C( M GQLG#8^T_NZX9\,*TEEAH%)!D"+/[_IOJ'/2T73_,]QV'K;87O1-7>.R^C^ M\)/T9-D@5MNJ91C*TF'O)?^O-P$\DD3 V/Y,=$43L*V_J"?+!5,F^KQX0_/? MB*( #S5@XJ1@P-4V#"%6W.:3 ?2=X=+-/PJL"G!H_ORF%R!,K-P?\,E00&;2 ML)@1IVOQG8N"#4,BMJ.8;SOZ?Q@GC;@UPE5LY%R=L#'PY>##/C%P-#RN$T9U M_)38%4(K/W6 U,VTY@X#AW_JH2]LZ5UL>G$42OTM/!^EKN!L":4:AO,MOV.P M'/UI%Q2<((,!$3/;\DP-Y;!EOY?^Z^KJYN;CQS296A@A7[P%VLTP;&$\Y-WM MHK05W6>Z33TW71WKN0;RO=([&&TNVV1!")ME. :3Q>=*@TW=!,%O8XHOR<-J M08'@FTX_%!:GB3=SP/J7'6&3?X@+TLAFYYCU;:\UZO?+H27'- WBD[.VCX61 M,\3ET8GX$(; 1B.EE)3D01?N%\.:3#PJ*W[IX>4 MH5D>0+LWW;Y]ZH/K_ TXW8,1V^S@7N7*;NAL-N5TV.H09G7>G:_ZN<;#=%Z0 M[]^*R4WI/[<[]("!]4+HR0%'4>=)"<<(EAD6666.,<\?:T>U MT6J%B*J5+WPCB1L\"5^=8[UF^'LN2LY":YIS@KC;E/)V51RIHW25'(>#8_KA-%4 M!,(KW)4FTO8:R?]P-FL3 MECNC ,*X)[&!Y0[S9P3KMH-P#/5+K,%Y35=I 7D/(]V_SY.4G M?(:[Z9NJT@;RVM-[4U6:>\-RK'?4P@R-\3BO?[FFI)ECI;U65QZTAMV\+3!. M=Z7C5K<_;/4GO=(K/9"2JA^67ZF0/EW(#V;Z%S&HFMK2!O)3H_^FMK1*58PW M;![3WJ@5,MYV.\-"_2YRC'G^) 18Z^>-F9?'VB'T:!,A/XT0(5YA6QV:*F3F M5[PI>$?K4;#T"G$-#""7C4XU(?(F1%YNZI(4W&\BY*>\@7@!=+.!)[R!H !J MW70YK'+]Z[NMMT,GKY&^-5W%G.DPP*7C,-?!B]Q!TGLUO5!ZT)%"B"4.,N$@ M],35J-1T/_-&$* 0 OB-S([+KQ[&BMZI91C6"]Z8^S9:K_MC4XS;%.-67AL8 MU(K3-]&Z2Q0.">X\L4//\0HNFP#7XT4@3UQ(JV1EVE/E"]08(0HV.*) MBY%9XXUKO'&--^XTD-IXXW)B#'2=#?Q,:5LVXZX"H:6/Y8NJK4=I-&G\+-KRKLRIL/#0'\-#(K>YXWTZ:9F-V MV)A):5XNZ3L+_3#5.E62+ILK:['0W04\@N-5CN',Z$MJOHIG@ 6XLC M8-9TJL,OCN_'\8>BBQ!:DK>T3/K>4E6B*97AD\%8SS2^?P)R+4F1U+D">X&- M")!LX)34P@8$!CDOE\J*0P1/XJ@!+ X!XRWY#^C== DS\)!NPR:;GF)(CF(H M]LHOE6$&-J:&6>%MW'Z$:VFS9]WR'&,ES;!#.D-&10JVEM3]H/,Z: )YE!!( MZ(3_MF)[JSN2XSW]&_O>**\';CK@M TC#AD=QCT!XV0Z1B@Z[_>0YNLDPK5Z%S299U9$^ M*Z8R(P*5GIBA RGAQ*O S;@27D288Z&L),]P?4^VS1SX)$UIE3 K?+:P6SXO MG()O8&8?QA<=2,^T7."-9P;4B4/8.JQ,T6 U\" 3#?_-*(KXQHU[\L5/W->) M5B(2&\$TA36"K$'T6(Z.\[: P) :$3L<.F H&^C>F4M3PWIQ4GWMQ:1P4H9C MK@)C=_Z\GYCB,*>>,KO7D3AXKUDX&X0!B0M<#-#8##WD_"X9&-Z; G=XR& $ M%'JFF036.P/Y)P'_S P6H3(:K2/=F=+?/9-)%QCWD2>"BLU]L:0I/-]>,<4FD&A)#K&]$._2)2FR6#!,YDA)H(Y;AFUKVJ8MP%@7 M@ YH0@VY'3 ,A&WPM#?#&M#6+4!KD=5*=*J(2#R&2:_$PLAL!""AAU MAC^\$H7,I1^WPQ03M"5H#>! 4$4+1+C<\S<2T&B0HK0YGE!SV4S%4X_FZZ@G M,(/0#G/FQ%F?8A2B._3\S(23#;T!LL.U%2)V Y0P79L%\\ NH^@P]E4^-DRR9)SV%*Q.54%"MD$.DX^R,?5&)AHH#HQ_F;H4^9/ MK? $?VYXP(M88R?I"Z#99V'#HB@Q=-"70@D_K80%N00Q$@@*7,XKH:F[A(R8 M>J ]0"( <2V\1=34GC$\*!+U"9N*H:7LH"A^5@P/#:]4QD><.]X"@"%J@H=X MF-=I(KK[BNAF=!K89&/ECN[] 8K3D6Y,G$!*AOJ.$2U][<'C0WIV!2F/>S^4 MHZ8 0><5XAR6"LKUQT53(>L5E"M)$.7;]^WV7!KX!:L=>GEKENO!Q24WZE@= M)2O8J$'>-/8SX*?R2SW:-HWR9B?4@Y_V8&[!,<=FRM1M\A2.?XG.X3A^O>E, M22I"OTWR3,O[)[F2%!/8W+M0GKJYBHNI-_T2N'_*YHAM'G-'QM*;C.8(2HT M[$1237N)E5D\UIR,TQ3ECUA6<"@ML3M359 M@ D5T2]\B?7>\@ W9WGX.2%?;[\\OK^S9XHI2D;O@3W55=VR073\(PHFK5H/ M,%*C@-)^YL5]^E_ID:ES$T3+3,>W;TVU([WU(^:]+G\H^"S_A$'AR,_NG(>& M$Z%V>/!'2JS MO4VB S*C1-Y68Z+07I06-?,4##S!"/#001([K8D>3(926\Q M_HIC1/+HOIG6BXFAO\L%TT!>2E=B=-B^'SL2!Q;AT3%\*]W=?,;L0&6AJPY% M?S&*3$E<&GMFAK7D05[LI\ILS*$"WG,D!\08D*ADZJZM:SR=@$_'2ZPPH!Q\ M7B[A844D?&!0&=:+2P3E/!,13E@I1[5.*83Q])H6IF@QC "U:' !&&6B899+ M I9@-0@4IIS8)B;/*+9K,MN)A\O%B0W0%LXH)W" )_N*I)0C.U>,G?U]:(ARN&IZ#634V;151:C THC4OPL39'@@:#PC*3(7$!@JK)@"'G@T/;'/UWS63']&3TXAL'@(9Y6"QK=744SIWVYCM*L11*/ M8&A)3[H59*T& *W21)7-%HINBCRC&(11KG:8_> MIT*92Z;"$[HSC0B0BV08XT-/#/.?@2*F2',TTM1219HW=C)/TKNJ4W(_I35& MJ1Z_6.I+1LECZU002 B6D^<@3NLAD(S)IA58!FG. M3].9,MOFD@;9'@$*)#X5>Z"&!ULO:E/$MRHJ*3"5-Z3,)YOG#1.M.7B2GF<* M;S+64$V!ED*"\RU43G^<'LR H(2?)V%8B(])L%AUH,R0R9NA6)[K(%3^ M.*0 U[F4F#0N,J@Z@?@2B5PH&*+\^(*Y@6U2>J/#"UT(/?"* ]3 @1.:+*HN M8/$+_^;/%J%"(?9D+ND/,M:!CH!/[7B)PK8#9;(8X0-FE=Y-1=4:K( _7^-C MZ >>!SN5A*O[59Y''ZE6QC,53R-;&O9'PS1B+5;T(H4%+W20Y-%'A(R*:IX8 M,U'\P)&(GS@Q:=C6*$SY %\%0PIUU<^-]^%-J1R M&8?R_6/'Y9NKZ!DXD"!P#C8\X$J%I$.87ASI8A2W,;'E.FB5E>B@%>53#>:U MC&>AGE[FE@%V,-JI&E92 ?/K6,#P]5'ZZCT)97SI!KFV5(D%<_%1/%XP1$(O M?'>NX"E7 -J*0MF2V)\>'/A:Z <0+L! C:;MC$3)![22L6@'QI%B,ZJ$BF[M M*U&00",9%*A@/C,OY/")*ZQO%&(7I2BWVDC,6I8+:.05$+Q&"Q4G/()$(:B. M^"!U8-T&(X.+.( 7M>BF0,4B*--KB=*Z3&D@"C,YSZ 6 M0S11_1P5BQ(C:K@M?/ZWHHF8J-WD*,3J!<\F3T?DV1_!X,!#&W(*Z&8_>7VJ MZ+:Q$GX) 13'D*C+$]LM"O*F$?8)[ )>!>7X8P*V,7]'-XF_J((AMTB4G+GE MP=GX"4]BBN8K;7COWYZIQLW^V&"^^$WG9O)_N;P8%D[PEH_0T+V79F==\IK9 M!X:6BB2\/A\!Q\!3[?\)EH_%5*)\*)H1+F3@5,?:H?"L FQDF:),H-?C90)< M$&U&\GJQ$C= 4^H-D"+]S=:)H30Z.3P'M2+^5'3*"0M DBM*)KE'@$W!E_#1 MS4PZM0%MA3PG+=&*(76$C@(X<\!4@!% _A>4 [)?S;R=0(27+[DW4FQ? KVQ M:6]2"TKS66%)V^TWA]U-;QQ>7NO4R4;[C9<0!["]0O-,Z O%/PEM$T>HK%/)(RPOE&_!50! DUAW'6_ B2U'VSZ92YA+=7\AMK?*T0-;K(Y1ZH3K$F7OGL9AEJ"I])$ZX2P6RYY3(,%S!5 M&K0V]C'PN/-#%-(YT5I+KB.P&2AY[WP!I)*TUW1 A>T7OUE.!'49!94!+ O+ M<:6HT/'?%'Y!DG$:(\\K"L H2N@) C!^.QT6%MODRD^3$'%>CX4/'W3GF_/ M_9&/UA7Z_NX!(0S.V34^QA'4TD/H1KVZ^^?M=5N>2#[PKU%H!$A8"B2@S MK$_3L3-7P*@SPWH""F>PPV /"V[%]@L1?M]0XTL6-15&6X[@5-W6*%A&YRU3 MN)JB9RL;@TP.F9[ 6$O+%"7"0JDZ2[2E<*Q@432#!9J1!(BC3(4[@RV6AK5B MS \QHE3!DQ/^%D0[0DA;T@N($1!#6"CKV:(R'[]&*8G?*!IFWF+];- O)9S# M'Y_C4[>E%\O^ABYXBZ(D7(11O2JOB?5(?Z./R 5DDK,6ID@/[G6DW^>ZP0,C M2QC/I')AL2LJ^JG@%8+GB8KW7>EIU0I*TD%R^?I"'&/3R 'EEJYBB,;EYTZ' MRH\!W6!P<6-?3!2&$9Y93C4\G!+(WP7Y9QVBGDA+@33J":OE_>",RIV\ MOFN22UJ3S6@CT"KD@&4-"(:X[5+R3*B"@G0:0P>MIQ&6D5?\QB);%PLXF^NS M.,:(N7))P(J(F!C1KN-$:B+,5 M[0:'B3@GVDBEY>LY/#H!45%];]AO)#&7*V[,/,KM:15#"(X8D?;@"3<=;(G:N_;Q$%"X*4X]'AHD?X M.KS4+/0NO$K]&&F8A7$3]L)XE-9F*L_?T,'@95H+2)$S+AY+D7D5CK16]'P( M MW4%%L#,*(A.(VAN*$P,ND'P4;PT!0;';5\IDX].K>D]2Y#DC@;1MH*21\H M_$;,I[AB+7'?99#$04^8EI 6RSA14"1"L';,(@W:(U$(,<6Z3K4SBW)/DON^ MJG-0&08:JXD;/O&,JUZ:VK5N8)NS1TR9JQ,3?F#H4$29BYTV5''<(5CYU=*P MQ:"?\ $XL2BQ __VGBY"WN';T0LO,7+/EB[/\J&Q*886FZGIV=!TX:^\D0)Q MHW2E&*KPJ!.01V@E<30\KA-&=?R4V!5"ZXT0R-,$II<'AH/D+YZ*C$0'#9S^ M=^Z#2/TM#.^EKN!L":6B&QJ$*CD&RQVBH*(P0KYX"[298-C">,B[VT5I:Q^5 M4PWDYURM)FR6X?B'M*+BW%+B"W,I_7_!I+=H:Q:]'O,4&O7(I1KUO.VU1OVB MA6?%%]<@OFRGA_.^ N;$B?@0AD#AU@NYUW6-;='Q4([9[1C;Y&DK-O-CK$K0 MW/0H9YB3*N/==P>7!M$-HL\+T8>S*C.*TDL:F.3$5%S7UI\\[L)+9"!@[UYF ME^U4TQ2EE]?Y&W"Z!R.VV<&]RI7FQJ=S9ZM#F-5Y=[[JYQH/TWE!OG\K)B\_ MX3/<-+Y="$_F-%? MQ)0*_#Q)M=$85@WD-:7_'7HD[SVP7@@].> HZCPIX1CI=N2\]_SD'?/\L794 M&ZU6F#@L_1Q"B38!Z29\UR"Z0?39(?KP%E@3D#Z#R%D!!=_$HVNX@4T\NH:; M4B>N2M4+X1T%]"5^=5[EP;Q^,YP]=R4GP97=\"I>R=EM*CF;2LZT49I*SJ/A M<9TPFDK.II*SJ>1L*CF;4,V)0WXX%T=3R9E[AG)%<')++GQ+6U-4N.'D.0"$ MYDV\V7UQ#2&GI*!/)GFOP]X'X@]A##3!LY,(-;R=M'KC075XVH- >(6[TD3: M7B/Y'\YF;<)R9Q1 &+=D>5@=3@\@P9L=+&^(-SM8IQV4>Z!':AW&:ZI*&\AK M"/G^;9Z\_(3/<#=]4U7:0%Y[>F^J2G-O6([UCEJ8H3$>Y_4OUY0TM_J17>J4'4E+UP_(K%=*G"_G!3/\B!E536]I ?FKT MW]265JF*NQWYJ)95K9#QMML9%NIWD6/,\R;"/EIA AA MG+I$")M-"11*?WP4++U"7 ,#R&6C4TV(O F1EYNZ) 7WFPCY*6\@'"#*ROMF M X_+@<-:-UT.JUS#*TUWO)(T^V;36_.9F:YEKZX\VX:_:G>5J0^@SF\[=W0' MZY7$3NP?#ZR']*X)O1[W\I1,/RDMPW7U16_P4ZE=&I>I7!MV2Q2MG M5H95#IO]<5'+-@].]G]0SKN^WV_OOH,MX[DJT>DCSYVRO56H*UWV27]FVJWI*N9,A_Y3@T=5SZ DD(0 M-NZKQGW5N*_."ZF-^RHGQAYM16,@B[XUOJLUPZE[+)0TR*R+YZH:5\(GYCCO M,:W.6V#]$Q@:RL("V/X3-O9K7 L;0\)ECS!-5EWE6U*71,=#*MCF9'R DW&5 M^5?-KE2V*Q5V':G*79';[9#T7'Q4=/N?BN'!N\J3;E";XL],<3R;:7?F [8N MM@%VS-UQZN2[>(PY)P@WC@3+Q8[P[IS[+G13,55=,20C7!MA="$6*"GP/"! M>D8,2)8I*9+M+YG:V3O2TTHRV#,SI!?=G9,/A$7?F>O,QF/K2E(<=)K$VM?+ M5$00/8%14_O&E[)G7\JQSO;RX,"'>^3>R"4,Q,B28-\%C.FD4F6]3_R;K(Y\ MAF$Q]XBCVOKRF)W\C^8:^D1RK7&LE<%>K\%>">SU&^SMA+U'RU6,>HOQ/?5' MN 9;XEG!>S@"JVZ5<_EYM[4H$37-!!K(7TL#!V'##P;E[FVXBA3O22_\[IQS M#+N4:WE?M*'U>4==&ES6!9=RJS'U9(JI$;HC"5C2$W-?&#/I'@=TK63R48Y)C]I'-"^.MXWA$.4 V M6N#QR'MJ.O#1-<_&CEK]7EZSIT8;68'#ZFJNF#.&MV2%ZO]D]['(G:0'D-I[ M+N:[^("W=T7+S">C&Y-&*Y,T6\!/]7),,QK,]?>]@:%[KFLQQ[N MO=]C8]?M9-=-*FS-4+-S064VG=S8=-7>$+%#ZNC1KXC81W0DNR/?I:K:'M,B M<]6N$9\ ,5JGOJ45'V&X*2%O@AI-.[[30FK3CB\GQNZ5E0W\3&%8>S[ MDIE.WO/&*<6%RK64&TV:!GT58K/[FCOTW8&M83>GO6UHZD_V[<-O4.VCNELT M$Z#.JK!IT7: <['[9!74-3_H%NRY5P]E+78^''OAPW.L!Q8^5WP M6=OG,UMWOK6G2.8ZHA?82+*!C4[H%#OF&([>5MU5RYB2H=AAYU^>]C):QC40S*4V=$;?P,U M_5G70,%)*YT9VLGN7]YZLH9CGRTTG^I;DYWG:-4?_]"6^X6XM?H]/TX7F[U, MD78BJ>)6XWZQS&>&84>:L7ZATBCL$M5, MMY\03P!:N)!((0[E(- &Q@W2EJ13QQM^%G*:EMPG?+"I>NR=88C^7!VE)$Y@ M3U$5DSA7+0\,QB57<*E0',J .PJU'0[%48%WY-TF_=,FM535CE?GU2"+KHW2 M$227:;W8RO+06_7 %HINHA<+5,YQM^J!TTQ*&[/38$I"P .#BWVTRM-HU!:"\MF[+>J.@F M[H,MRA^O6$P/Y+R'T:,;?[N6F98T!BP8#[3^0@H(;D_4UA1-)E1$?U2;LLD= M8E-^>.OK[9?']Q\M>Z8_,Q.&L:;WRDJ=,_7;O6VY3$6:@K]FMK)@GRS%3(MI M=2,QK:Z(:4F>J?.'?OMZ_4;Z[NCO3=T A6%[[(WTKLKITT)JB>DUINH+Q7!^ M?M/NO_FEW9_(W6[WK^^*SKZ6OHTQ:NQ[SK1K*I6\9[9N:=1'BWHV[(BM.+A] M6>X1N+FGW1><_U)!/%F+?X'A-V6@Y[0/-/)GBA'EW?*] W55!Z#$@/^Z!)9' M,E*,>T77;LTK9:G#H3T=N@/M.U4R./O8>#[RSFBN +",S? ;T ,NZM[0S'=2U.[^=/3EW1E3K6"LR(( M"LM.>1 CR0+3;X+\RC(,+F[OIE] \CH/3&7Z,X_75P5U%MP;)D_"[*?XBQS[ M+QZ2F2@-FJJ%1I+C MW$RGP$WB33"LQ 5+7[&%:-!&L[11U![(HU%HQ!6#H&+@? M00/M;FZHZ+#_,Z\ MPIP_VZ%O,7^+.1\"VX&GG%:*8KDC^RBN%LP#8Z#\5OERYIH] _C?T+;_'%^M1U(C"BA]?8-#5_?T]'M?R&-E)PV K>)O7 M\XBNF/0%]-OR(,2?O'$!=R:+K^&7^^$?64#BG)N,*_]BKCN;6VAHD;FK#"A[ M[5X )?P=0,E? BIR;?W)HR+GF79 'G8W M&&?IP.]]N1F;4D\LD P(R].C:I7,WS7OFZ8^',7K:'82=%G/ML2\ -K".\E#'OCXDM) 6#7A2 20"+L#O]@L!/\8MY28%/?MIT!'W5W!QQGCHFHO&]? M8E[4+L!OLSU^!=I&*__.3/%5[-M3L_OD99TT^6:.;=7-=]PA3W?F^!.8C\&% MGM&.C'-0<+.Y+P_OIOY=NI6<\.3A,'+ *P?0GM=6?(,FPZJ7YF_VG3U33/T_ MHLC)I! L?:"K.W#S*6F#?^4Y.MJTU\Q1;9U4'S\UX$D!_9_PLHJ3UZBB"4>F ML@NY(T772NTKOU(=T@JC[E_A37VJJX C*5P1!=+\95$X+:T?P-$KE?:'.AW_ MB.*-0-!?#Q*0Y?Y7>F3JW+0,:Z;CV[>FVI'>(AGC&$N;/>MP C%6TC?3>C&QL.X2CO= T=*5&!VV[\>.Q(%%>+!] MDBG=W7R65-"Q"UUUJ 43@ @@*"X(H6=F6$O>ZA5^6: P 1S]!W#J@* ![I9 M:MFZA@UI;8E/9P2=88//RR4\3/,['0G;U\)Z<8DV,V>B?A!9D% -0.'Z8;>\ MJ:*Z%%AI22B%L+ZJ18,+P$@!PHM)6(+5(%"PK\PV 8JE8KLFLP4$8B_\FD5 M6S@CL#J"E!S66>HXCKY8HB+$C=)!OM]^O9/D_F \Q&F!;'38PQCP$OQ%)@N! M<_7XR=^7%BV4?5<-D*O/#-;H*KHAJ7"N,)E!3PL0")QT,!++>6*&#L@!FG)] M3$YU&\Y4B#;+C"_3QH:^GL/6$ A+R]R[-$J6+WY""K0T3P6,(+$N;1TK/&$^ MT"@!4?\&$P!ZOB)M.YD=@,]+@-P!AZFN15R+-;#RF.^[OV/(<0:C[LK(]F!Q M^?R@4\(NT03N.9.>A/[%;4,Z^LSW"'A"NE8,0P&X0/4JCFBGMB2[@,$>S!GL M@;^CP#QP$(W104>ZA&U#)O,,U[^L"D%I\=T.YP("4Y4%2U NR!M8GG@OE38L MVYV"&K7PH05SA9!(XS 6$!+G]3D(,D55^;()')' GOZR&Y'4OIP 7#RMHK!U MI,]Q\?+ H>V/?[KFLP(Z*3^:0GT>2@]A! <7V< >^'(=I5F+)![!T)*>= L[ M:ML@+$. 5FFBRJ8#M$-UU'$(HUR-MZ?Q@FK8BAABPSU ,0Y HC/7]BDH.9N/ MV=?'>OUN&N\!)5-K+) M,M!604Q]N?QZ??D/222Q8"N ;\S%M29LIXA%]$I(\Y&W2R"3C HG_,M?5.6IXL/6B-D5\JZ*2P@1H0\I\LOFE7$1K#N:ISC.% M-QEKU)O3)8+S+51.?YP>S("@1!9SEDW60BGVPO!6,+P8 Y:MC)#RH'7G24! M@X8/&2XDY^D%8:8Z'E(E5S5A M\L&#-1_L"9B!\Y MP<("1417_@9ZSO8,H4UL-O-ITK?R8J:\% GQ+:^-(-6MFXL"TX%Q^%0G=\^,B[ 2)0E =\4'J MYFQBE-\Z7SO2C)FH9& L/*DLZ3:>N \1SF(P[!*7$V4$>OO7R\O[F$\(;"O# M I6B.*$K2)")H =8M\'(XB(.(%R %A*H (0K/*))-.NDTUS =0@J\0RJ,403 M=UHKN%ID1 VWA<__5EQIS!ND"A3"YHCKGJ//_@@6!Y[:D%- .?N]H?""(6,E M'!,"*(XAR]&##>,G42=2#H4;[QL&2PJS.OZ8@&TLC]=-XB^'%1&)DC.W/#@< M/^%13-%\K0WO_=LSU;C='QO,%[_IW$P.,$0D!HJ9:_D(#?U[:8;6I6GB4?.! MH:DB";?/1\ Q\%3[?X+E8S=-<:=2M.&2D(%3W8 ?PL,*L)%EBBY2)'^9NO$4!H='9Z9+Z[]J>B8$]ZED%Q1LH=4!-@4? DG M7>BW#WE.6@J?/6\W!H<.F HP LC'E%U)%L?W' 0BW'S)O9%B^Q+HC4U[\TH$ M=V"N_>;0_M^(^\6<5VBI"=6A^*>B;9*)DW2,^.!!5&;H/PX5#JH,8"HP,E"3 MA?(>R7JA?&/!I6Y<%BF1*^'(LZ]0_J5@3:1HE&BB1P" R4V:0$%$[2]ROP=: M5*P)60YGS[#9%#Z3)MPF@N]RBV@8+N"O-&CA&,U,CSM"Q/72L;OHN+H \XY[ M\GQ9I)+@UW1 A2U-;6N!ETK;Y.V5&$1_!4 M1R#%3W;$^#X?Q%P8G&L]+ZQH$E>]&C=*]L'Z$X8C>'ZXD_-"&B.]99)^[X8$0G;41.Q2 ]OVD MQ.$6' .P^$O""^DL4YD;3&+2%L>*L0)>WJHJ#MBMGJ-!4QX'ZG6[& M[/#30$H=.1Y<0C>&0@=;CSR/>*D= TK77;Z\0;]S(<4&[@WDCNQ_Q=DI15'2 MLRD'E 0D%A%R*_-0%%EOU'5%QVDZ6?O5"D-80 M*%_XHH4LJD@&YA[RY $\1=,&A-M)X_H.78R3@JUP2P%W4-TZ N8RWV81QD^F M\/5'C79B -(2IA9&Y\7NKSF2TGWU-+)P?:Q)$S_M0V-+I'ZP6;RE949%$DDH MDY%%,@G\"Q0,*5;O@CW42:P)>N).RLBD'%1ATVN MG% .OQ)A%V5N)$G!:SZE<3]-@"H*XU#D,Z(8=9.G"BBN@@1!C ?R8.D]&;HS MYUX,X8#"TSY,;J_XK[&0H6>"50=:F2F454.>!L]>BPT%P0_?F8#Q(8*&4IFX M('QA?G(+5_GA9!3%\4#R$+@O9-;/F;'DY(O& !P9'-^;%L1^ET!OBCIG/#06 MA)_BPA'Q9S@\[P .5@G<<2^WXSL3^'R "UC/#.0WMU[HG3!DY)]69K;U L>Y MIQ6>642Y)@[B.6E!6^)_Y"3?+:RL!;&((&O:X\Z$AWX;?2J)42V\#3-\-\+DS:P6(3 M)QQ26)BT\KEEP/F3^ XCGX#1N/]6I=H^ETSG4"W2JP%R_ ,I#T8"U3J4ZL45 M+!H(DZB9P8\+E)6B,12],/\+1H9@0DW4%(;YA-Q[SS\'"PB.\$ME1;UKZ%@3 MR]\A6QWY]SN=MV&3R* 24,"Y/6!1-*/67 'X^M\],*@1LX'^NO1F0%#9V)Z" MZ")8;#8#%#*;;O^U\0SBPTX(<:@021()7%%";*'=@I:*XK9A@C;7DAQ)TA?% MT90_>Z\K#5[78WS)VQ>PDL]KJ=2;B93VS* M0_\FRAE.L#X8JN6XZR,02+ 7H\!@?.N P4T^U_&/KT0678?TENT.EB>M-5N( M+AX@Y8HVJ)D@D[?XDG3Y^/E'$5U$A@H*"R7%KRP4],0Y,9YIB)K1 =W:$I:Q MSM.3\+^MD'9$3EN$=D#_DQ;#66":&9=V@E^)IDG$+'$P. \-0T[,A8LDPU'* M:'\X:/7',O>(!F0= XLO%-\$K+1(4!.8<9KN=L8!-0J*!A@P4P5S& MHG(,*MR;B5*)K%=_K7R7?/FTSC[=\%B4X3S$@#&:S623*WBMB,N-C&=%-TC] MQ!;52?#/L;QTQTO@"Q1A;^BC,$HJ"98A>$0%;[3L5@KJ;J6W^'HD!$M'U?1G MXXGZZ'RG.EV)"G6E3Y^N8K%<^BWZ"HA[ST9QZ?J9J^L\B3XCY,B-#+DA,VM7 M)I6'G2XW:@5G^%J05L%SKI )LLB8XIJ1 SF0-;=^8PHP@UO74,[3MGRTOQ(U M\=5[^C;_Y^"LLUDXU\\ ):CTSYM"+? M[H*Y<[#+P#Q;Z*[+\[4-Y04$-;:H$&%CQ8SR;4PYQFIOHL):<*OQ+D_./ZU2'C <8U M,G18H\(SBCC/+. T(DQ)S%$2N;/<'HSGSG:DWP77 <-9<):8\1.POYFD/3EF M8WJ$Z KQC[$_+.^!S>6:U7/0$\21YFSBT7 _^0GYSA*J L!HH":3V2F+/OYUD,48 M"H-!5!C$=".!$KB^JU6/TFM3C=MJIHBH>60O+(_B?H+T$BE.VR1^@FP_1?K+ M*!0J6+[C7X@ >Z;8?C(<1@_]WH+"(R%A-!'>[X_:%$HBSN=3^%]QRL3N/H)' MDT,%R1OR.+Q6D21=?]P:CR?B5D2N"M>>F0Q:@\& ZQ5TG_)35OI4/I-8*E!V M'*^)Y"J1F.5$W>UIGI9!2L3)3^6R@PO4,?/>]&-M C3$B.^V\$%])33].4S2 MX0Y*GP[9=^&0\UV,=I#T0+I(: G'FV)03B3YX!DRF;4'6@)[>/-XDPE@2')/ MX+_%M:%OXJ^X[GH=B ]23!YTYYLC/821^*N[?]Y>M^6)=*^@HM'5UYAE$B!A M*9! [@A*H/ ]-[%<_\ Q/#.L)Z!6!I1L+?S4,+(QP^2R+0%=KG0M1_C.=5NC M*FW*\S=3/%@V!H <2GE&/0]#!-*-S,LEYO#B6,&B: 8+3"S*5G.4J:BCP606 M:\58<.+"J*G.?PMT2 AI"\-/OM?=(X<0F%F.$,#XC:+AA4H4^]%%*DXXAS\^ MQZ=N2R^6_0U%I44BE>?++72_"-BD9IID*[B 3(K]P!3I5>488]4-$12S,%RM MA[NB8H$4O,)U([$_:#>16D"!"R](3A0J-HT<,$E.5S&QQ>7U#@[%70'=H%UY MDKF8*/!6K TCK&].-=RR#?)11+A89-!HGHBJI%%/)$PMJH*%V Q3E=#+:>)) M@H<]!6!9 SIS. ZW \5$>Q'5X 5-0#^W\!& 6O( M+S3P,Z_X+I !K(3Q71]MV2GP <);Z^JP%6'(8*\"9DW($I8E3UXH/7/UVI0? M#A+VM9'N;=A*I$UN5'ZQ7.D/H+=+S<+JE5>I!R/18RS,96A[8_T+6M+4($2G M5N\M(#G.H)BI@$RJ<*2UHO4'U/<8;XEOQ6J\-<8]%DSH <$N\- 4_3(MGWE3 M2S-:D0R^H%I&U!Z$%GM'^N#[["CNS=<2/S\%74+H"70ED518QHF"+$_!PK$T M9Z[?!:A;L@K#MF)[[305;QSG"Q%X1_C/@D1B>G-5MPY530ITDP+=I$ W*=!- M"G23 MVD0#VP MO>B:.\=E='_X27JB#+6V"CA1E@Y[+_E_O0G@D20"QO9G(J\YZ!5_44^6ZUJ+ MZ//B#X=/./ JL"')H_O^D%"!,K]P=\ M,A3@8!I6HK21^,Y%P88A$=M1S+<=_3^,DT:<#P/? 7UC2^\"Z% @)/@21PH^ M[!,=)X[4J LU#:_=@^&5_K0+L@IP': %#BZ@W)#S+/N]]%]75S#[DQ]J"\! %FIR J?#'Q0V&R2KR9 \Z_[ C;Z(L@^[%L7!R MAMCLC\=[P&9E#/8RUUV6QEYYU_?[[7W.]>7=X:*4L/O>R-W1D6 _W!HG>9FY M'M)\@Z;)L=B/6'*&N4@SR]**2O9JC(=MJK[R *MHN2VM40>GEH6R;#AM0C=,/M0>L&@BU^I0]5/$D6D M1'PIJ&Q.UB#$7&6IK]O,O\++CW>KBFW3G6'/BN'Q.IS(*&GU$"V_2BAP#H?W MU 3>7PQL6#:O^GA:Q4?HI586;O+&)CVW'Q7=_B?"&S[KU-)U.^Q("*M$P$J? MF8*@\HO;XFZ-&KDJ]UP@^3&HWKJE- P>#1*HX;4L#PROYZ/\4H(J@D)*%7X( MKJJCJE-:R"NKJ8SFB/.2YB!,["%^99Q*(!A4CBCC9Q$ %"V#:*QB7**BE>;N,H[85/ A@KPAWG M$@E$#5/4N;@TBK(I>/)SRCV.D=KMF:?3#X(!^5BZ$R8"\10*G1+?!9V]A+<( M8M#1+Y#"C!0_(PT+*ZEKAJ+SV^/%%<]8:J7[)3_4)X+7B_,D?3\1 J\'?\$X MNDB%I;X&6&9%R>0\"K8(A00!Q:O*>%1=X85_;1?S42(XFL-GE+ K@7E8EX7! M__^(*E?=7'HP TEC (Y/P?N/A'AV1#3%V4OPY+SB)*ZUS.'>'8R7WW?U$5[T M_'=SV'B?\ 9K29;:!2V]3<)ZVYQ_>A8&XGQ*1D[B,5T=Z_'X]?-!&7*B=)J7 M<@75=9E0%SPA9NS*(?Q;&_3"\=:2FW)Z!Z4LH&O(ZMADU3\H67EFA+ $_8CF"JCJ MPO-*O!55>*MF4%6&9QJ1A"?2C5>1PH;(&SSC%D:'7_-F/4L2+OQ3>( MHMU8_NUILS O+C?-GOTA.VKJ!B=:)^N*4M^"Y):E&[5N>/49-NL!W61C_[B8 M(8@9:@[F(B'9TAD8R">HMXSN%,]RUV/F5\1DZTA?K$B#"B6\@Y4.]8&-RTL> M@W/,$YYC4D_;Z=T'Q"7T0?8+T8$3N2.9DF,",")((E@",.)(2@4*,]@)+:*! M!XV<9GKFA[Y)UMESLLZ!@QM!\H@\.'#V")WM0AC7W2RI5)GPO=0LPK'I8)$O M?E0$@Y'F7 =#2UURC\2QZ5CK/@OL]1KLEO\'>3MA[I+X!M1;C!7-)\J+@ M>MTON\JY_$,<6".QR2-D'C60OT[(*V/0K9DDOF=W ":\+T8,-G430FH;%U]% M*^;\@$U!*78*::ARJ334HMZC\T[I;7!9%US*K=ZX:*Y3@\_#XS-5+53L,VU< M2CN: T=V&F6ZBM:\E86/&17;*:?C#ZK_N7%7C\_^J/]4O#;GAH'BGI?SP?R 6"> $E>WI9G9!1PG M,YA%9AS$R0SV(RVV;+ZA2 T/._[WKZJZFVQ2E$R)DDA:#>P12V*SNHZNH^O@ M2?OX#*5")6W BG/ E)PHI65[^9$]N?2HQO45:WTLJ\C4.K->1L+H2H&\I6$) M;JX!SY^J.?9:KMISQ^;EK+Q.>&^Y5&U4&"KLSUZAU3JMI,TN!B)^NC=22KSD MW<8W'-_O*0OCK\K8B[2TKJR;W*UB :'KV%HK;K]K+K9E4;MK6BPU\UFZZO;;J#VG3[Y'J> MU*I[]7:@%VW\&S.)\ M'G<>NWQZ72@ORGX#\@)-K,#UC5MGB=\C-I(.&HV[#SL>8UI*JQ'9O$LT6Y38 M4KF/(!(N964'X MKJPHEJ7OKGQP&-H/I]V167I6TJ'W4L^>)T/8<[]ZB/\4.J7L_CY*+K4=G# , MQORSP\!!;"V3ELW)/O31?LZ8:,,I_.BC_T]^;&LIVA]>FM.WW?[EU"P;3G[] M;)Z^I3^.C)B2K_@'8'3Z>7IUV$R?IWBM?-Y$+-L'UME7LQ: ML]GL! /X-'SP@ZB;#"3W<(@ZX_UALSO #>"<@(K8[0Z@CMJ0BF([0Z0JLCM&?$YLV.T*;A MI9(1HWR@Z0.[BPIF#3<@L)1X9Y>F@5#F?+(&17N.'*6FB-?GSY^-3[[%VY&> M45SZQC.N5H'C&H.IFDPKDY73&;5PS&.LD4;$$DR6\=EZ!J$ 9OX<^!'CLV?A MG_>!M30N9)1[T/L1<)O\U?_QG>$"GHT+?$WV1YP ZB]I,N[/3@!N\&V$?C!F MD\<>:H'WEO?7VB*?&(&G+&$2K%_Y&%X/Y^6YAK6D +IHKR-?3+G"ZH1T'M[& MK_$;<,5!T)WP =.(:4XNQU/@>]:C$\2A<>78'>,+[KJR\?;PWX)K-[7 ,'MME+Q\.!@0&?/HG/?C-O3>-V:;FN M\1Z3FED([Q>_$XG=^7?<;[J(L9_ M+'Q@JD?F&0[''["(LW*P(]$6)6P 0(#C\\9L_G$UY7U'/BPW[D?XC4(3IKO&'&47&&&/._)+?CF &.P" $^MMV4#),@:C[A-C?\E\=7H,(^O,FXN!?WY> M7OC]"D[ULX!+)[VWU.?)4_ DV WS_N^PPQ-%\'%'<_^1:)K9&8;=;;8 DB;$ M3G!F&B"N_[&\V HX+XUE;CS^C#-_NFG/CVCPM)^1:-I35"0/ZD51$GUZL&P. MM=P.EXKT?%C")NP,ZY P^2 K]YP1<=WDDHB3"-[L+QDA0:Z+'$QM2^YP_&%D MT3#L=7$$+B9,8LV *W&!#P(>+N%!?C0!6T7JKC-7;IQ-TQ*$#(H!4E?0I4*[_B+E:OB5ANT86 M[MRB! J>$I:Q #IU,7)GX.5U!X@?\SY%X0FL0+-G0NQC>NK;/O@EG/2@* M ,V+EV=R/*AG_Q.0EGH=@IT@CGM>"K:T_N*]#T&Q\60/TIP+A8=P@KO$LK C MY+)A?+=T4 ]R.U'5#]8*#NXYURKB>"8>%D-C^SW9^=!:1(*#,"3F+S;I @), MJN&UUPDKX$+1R,2&"/@J8%'*@@ES? $/,>26&YD;:VLB#^.=.K--XQ?X*$#C MJH.?<20!.QE4-0=;+)0P89CEK3")O:4%X,%_X4V 0P::SB<:\(02^!&81AR! M FFR!A$L/6L)>PI"80XEQUGT!,\_=Q=^'!@7@]$[0S61E.G -.$857_@ !OQ ME]B4T.'9TAKDYESAQM B"U<(JN_EC#T"):"O C*T8,W[@(F)&C8?R\X );V62Q"1Y(AX65.F!SZ0@>(0L& P^H*\G/ M#^8\VA& DO$]RC)C"QQV3[7YQ 1D/$!??#QA7(,+M#7:S*E15U89TN3[)4 MQ$(8;((O%?L'U"*:.,:H/T9UOHQ=;O6E)KN(=6%(!NUV($A_-AQR9EWRCM1K MD:G,(UGI3()$W A ?=CS&J$/9*) 2)HN4S$L6P'7+,(HU6< +];H6W];5Q; M*_BUBP8_[-,T_F2\$8+GJW$*26 R0CEFX\VDR7(4\2'2QHIXUV]DBC!&>\;F M KYUL93.W).YD:@G#D5.1X.*P<$@-@8.C>O :H#>"^==8JHA*O S 7ZYTX;. M&1EEZ"$]U<"EX);PSKT4&II&*!I?V3>*]+B>$N#NT_R,G1YP3D96 M0=*B G0*30HK'(9RTQCE6BR^YXG@@9) &O+NWE@#_^B0T#$!V$A MFRT]9R$<*AXXXZ=IN@C\7N(SPH8>X4J$=8>09 M=&[V[ <>'TI/H[5+,?30N)*W1/N[DV/@<,5D;AO^7?D)@* 01M&$86#T/*/D)<5_IW^ -F=_"( R$!@0ONX<#U M?*\KIU*0A1/&=\DX1MD/2.E$E+P*HX;2Z%'0H=K7W_ GV>#A1VP%A)^+8(L7 M8OR.HC*^Q[C$TIDJMWOM>Y1R@J#EMIZ]5LQ^MW9U-KD<%W966J^54%=-6E05 M;X*?^7A$O^EW>KV>^"K9!45WR)R;&(&GQ/!DJV6A"6!P:! B6HM MZ$K4\CP'5@W%#0C9!=]7CKC_$Y\(>B;,B>OP]XMWB=]Q-E3MEXYPV @4+Z8$ M[LP1BP&AS#'+_HZ![85]_G<,"IZE@>(P(DLQJ1(JPM0%1^H[DJ95AN;0.T>_D,4TTD<]Q+WT,R MD!A=MK :'-E]7[II%(%+"8*A:)Y$FLI0_EEN)T@>Y/8!*F04/]Z.R\4HH@*A M:F_1W1Z%%T.5II$O;RR,R]2PR6R<$7KT7)<0E>J-&4MD:"L6):Y:(3( M^J,\:/("EX.7O344[<]FG=&H1U(%!S3&)@,GY ?#I#.\'" GI*A0"4E\N84/ M4?KSIX,X?)*3A=;@[QD";=/5U(9U'>(9;@*JT4D8(92>V1/H2?A W MUE88^N!>1L(834PW1YG:0'?['"'T_9NAV4]>A)2=RR![H?C0,W#49U^]_N!* M/DB0$-+XF?EFG+X/- 6+UC="]]MIB1XX6R =@_2AM9=)$IK&KUZ"A(SQFIRY M"1-3 5IR:4PW.47]W;)ZV0$'WG8X3,)PMG.@8L*$"J[$>7:+9Q)0^;##W"AI MCA!([S?HZ%"):>="8E(#4EZ"(FU"ZV]:43%XBNP#H0VJOW^KU7$F[' %RJ:S MTS Q;F\/>YV!8F]V ME%#R5O#%C)U^T?F52\_-X:>(LB,9Q)CNIH2-A9TH0JU!3%T( M.,\C3 5,;_$$+V[H]7L]-/2X(;+QU1OLL)P=,C,GJ1V2,\O(]TD\] V&3,^< M)NEF!!'FVQ%2AT79L9F+K=0OH^B@\5FZFVD@C@P>Z4WC18 340P*<"&=TR#, MW$CQ$S!Q->2+TV@>F=(\WX!N!81]IZQ&GD-*=R-'\TX^/&P,\1 FXWO#J<1- M>TLV<0"L]?JI<\1-??$HV7'D,E.8U6/WX!22<9AXXYN=+'15$\!RQ.<;)4@D M4M;).3;':_P 6BSF9WN6&TSCYTPJ@P-6./8LV88Y7W+'A..D!(>$/"^L&HNL MN0ZF-#0L-1U4>_,]YP6J3!AFTGQM[J8V#VRJH/>1N8.S'>#-6+ MT!<5!M;.<&D952!K&@S:PS(X,%DS]QA%EL%H3<;**H)]R"IE&T@[VM$RR)!U M6B#0)8Y]I?BO;++>6OE?\I.;Q;62??F%T4"":WPC,<9[S!OY+-(3&YG[-S-Y M-*1+H!KJ;LXM&_#*"./E4KEV*;S*42[FTJLF><$#K/>("7 +D4FQP^!V)VQR M:R[=$JQ$\?RV-D*-G!=?/U 'WMHDV9IN1M9._BBLW*])\&I"W3'!6_OZ< =[ M3H9(#I+.'QMMB=/ <<4;CQ1"\2(+'T *JBRAJ;>->J>#X@O#*BR9.E8 MR0F6)B;E?'(6K6?JEY;;11__BDFN7NC,=U;%[=!(QU/UI[&7;GB#G5=G*)T& M>\FH8LJ4TTC<"XD7_Z6&CQI[>V'OCV0$^BEPM]?16ZW/[ZA7O@,JKV,H;H/< MCK:S@TIM9T>3<6S-18.ERKT5W@/=B) M7'I4@LL644X3O;3Q7S!9C]F5+?\]PRV5FV<.)U.\;:T)_M/MLV^65AXMWF3/ M?/V4W*FK<>VF7H6C1;I@[3UX3GL ML [[)!,F^]&H9+:LG*#T*7/84&?-T\V.ZS,W(AJL$:T1K1']VA%]>H-60C9( M(2N!AZ+N3A51,S@<]PS, 5+;]N,[EQUAR2H<-!T..].=[U,.@ZS3HKP$,G:] M@#DN:8;F;'H&=&F,*,S,T1F@NW5B,)E-.[/^L4^H.GVMW73=1Z5]D15II;?/ MR7I9=BR]:.6G/;[7)?7:X],>GQ:#.CV^=%XS?8@?5:FL*GJ]KC@_ M9A2_&17%Q]U:K17G/+'P+A&AEMWR-(,_]C*_CR1X-:'NF."M?:UKEE]DX>84 MYVKJZ8IS77&N*\Y;6["J*\YUQ7G-2-05Y[KBO BV0U6<]V<[(J6]):W#R\L6 M[;7IU>:7G=%H8D[:Q#YU,=ZXC17GC64\79E>T4/8,RQ3X [H2B&]0[W#)F0@ MZFITS8QZAZ]TAZVP3G0UNMZAWF$;=EB'?:*KT?=:L,DEI1K1&M$:T1K1=5Z4 MG+X:?=<&O6>:D+W[78M.R#X!6?:\M&DC;1HC"F-=F-=$46A-8=YIZ] ]FVKR M:!:OUGQ:\[T6<=>:3VL^+0KU:;X#U^,U;QSM5W7,-WR,@]]#FN.[L!PY 1N\ M26:!2ET;_NOS8?;WF.)AV#C".@YQ2C!^^![)W[V=/_@N"[N_@>$ O\;U:-"R ML?1MYG;$[.^ _1T[.$\[9%B%X"J@.-[P;^8M/!$P*XR#9^/98:YMS./@D:/% 6PM%CC@'BPBFLL,K('OXBB0TYJS M\(D=J.#PZ,ESS?D@]#BD(?&T!N!G'KM\J#;"$_DI]=;9 MRQ?+W/-D(>RQP)8KUW]FP )HW7F^UTT_L>- LMF+XZ9-XT/R:P[)BP.J"7XA M%!(BP4)RNSCE7F%(.[5I)/X,RX+*ZLK1. MK2T#O.*0Y6;X=X+PTWSB9(8K2V EJ9"3!\^&(W)' Z'.;-5QI5S2GGDY?-OM MF=-QM2V7>-7;C6\X&">]& T_*.\D"H]T[P5HJ^>T5*6-^1]C<]@=FV4]Q&:< M#%4H^E$2T'8>'1OT-S=]6DN_G3(CSEIB%7.[K<3N#Z=ON_WA3M)Z>)J_>J_V MAOLQ8JCQP7T@H(H<@HXQZ75ZL%"Z'_)WP$LAO^0[F\>1\PCK4(U:*/VH M.]\*;/S#!N=V#EYC:!H"--$%+0'-CZ,P D>''-WT_I9 2L$8S,9%<%A/\![N M->T*3]-\D..\]YL'^_7O/9 :X49P0B0/=XI# M,A^B!S\.@7+ANQ^:ADSMT&UQZ Z]]MXPJ%^?IM5(SI]L4J>14QFNM7#;Z5"L M'G@U4_N6CMOW5K@!DEH$+W&(T9+MXND()Y?G/P76ZM2D2CK>H,JIEU1?.,]0 MS+:MPGF@_,?:(G_7BD62(T++4DCK:SZ2#>J< H&G#)X(\VM2-:QZJ]YH[(B? M-M3K3ZHUBK@\CQX1U; T,"N&H&M.M*XN/Q13*"L^.YDT1Q"-"H&KLNEAM;E5 ME;O"%6R(N4EP!]?V.)?__@Y\)<8[^CV\#^1S_\][ [[__CW8BN MC#!>PN^>C6PF!4?U=-"__#$;*%O+1['$UI+TAI?O^C&Y --$LY&=QH5R= AI M3[^AZ%QH3#_(^H$Z\-9J;0V^>YY$,Y&H6X,?(+*C6X/C/]K07'HGDTZW!F\8 M]6H(E-8,AVX-KEN#MS4TJEN#Z];@-2-1MP;7K<&W!(8KMP;?N>*WO1V:1Y-Q M9[CS*,T&W%.4V%L]79K'YKB%Z#PYX\W:V!K\Y%C2+;]KN3&J?A,D\H9K@O]T M^^R;I95'BS?9,U\_)=O97E.W_];,J'?X2G?8"DM%M__6.]0[;,,.Z[!/=/OO MO19L<@]?C6B-:(UHC>@Z+T-.W_Z[GH:&K>O\*(KR:T&6[OZX/21KSJ9G0)?& MB,+,')T!NELG!I/9M#/K'_N$JM/7JM $/-)*;Z_.WQ,MZ0V4],[L\M(<#V52KST^[?%I,:C3 MXSMPF]"BU^N*\V-&\9M147S>-93Q=F5[10]@S+%/@ M#NA*(;U#O<,F9"#J:G3-C'J'KW2'K;!.=#6ZWJ'>81MV6(=]HJO1]UJPR26E M&M$:T1K1&M%U7I2F#!%S9GSB,^&::SBYLT/1A7OL-_]/NF@? ;*NOGXS?F(U&EVE\%8\:CC=W8QRM;!EO)F;/6#JN MB].8/=]S,.<4^Q/<,2O D$B9("&.LK&?Z?Q^,.7A^..'#F@D<>'1)UM32 MBH#90L//;6O0YU#D%Q4 A? P;B/&C2:0!!;\&';:[[TUC:)>>1Q5'HN,N14$ MSUC^@= \8AZLG$R=?^.3%1IO^N90[KUC/#G10]JF86Z%#\8J\.>,V?1*^/$H M011@5J5.] #&Z_T#?49;QXG6-H!MIER4G@![R2L(_4___'X7N,X/^+_PY_\# M4$L#!!0 ( ,F&K5)GC]_%3 \ (N< 1 =T;,N^J..'8LNY-%\R$ E)J"E0 M 4@_\NN["SY$BB!$/>[,E+ZY\COD7S_\[:\$_GW\>ZM%SCGSW$/2]9U63XS\[\D5 MG;)#\HD))FG@R^_)S]0+\8E_SCTFR:D_G7DL8# 0S71(WNZ^IZ35JD#V9R9< M7][=]%*RDR"8';;;CX^/N\)_H(^^O%>[CC^M1N_6#Z7#4F*WO:L!V=_;[^P= M''1(9^\G\E.'=,^O=I]&($B7!@"#P__8[^Z]A1^=@\'^WN'!N\.]O5\K3AC0 M(%3IA'M/>_&_:NB77#DI\H=WES/UW=,-_V7,Q/NP2\6C^DSI]>VP_^&/M[^^ M?\?N)P^?3]X/?_;H=\_WGBL^_7)UZ@>_]^X_O__I\=_1E!^5,V%32L#V0AWM M9/3Y>+#KRW%[?V^OT_[E\N)6P^U$@(=/'A?W)O#.AP\?VGHT 2U /@VEEY ^ M:./PD"J64H91;H'G0@54.#EX-T@1LL!OV]%@#I0;0=]%H#P!==D"G&+.[MA_ M:,- &WT@ 0Q5:TSI+ 4>43741.,!#=S:Z[0.LBC2]Y@RXN@1 Y*201$>'II! M6\'SS#1!.F1 FS(1G/MRVF4C&GJ@@-]#ZO$19^X.":@8>(%4\7+HF3,;I-OJ]ED M3IOX(S*GWNR5DM7X;> []Q/?G2;3B=4OD,:X./ M!>1[#H4LRG'\$%(?,>Z#,AW.8ENMAVJWY7>8NQ8J;0P*3RUJK2S5U1I@D\B LU3[#GE4G>]+AE%K>C] M,]*N>=;Q?U%F$U3W.ZY&MA;]W%MRY0 MC&2:DV6#=MV^7=1M1.:$1G7.G$[SM(TY) _TO@&Y+-1\6 4P,2]4; !VK;]; MU'J&E,YN<\2:I_HK/V WS&'\@4*6%&E[X9E=P85Z#[')'+UY*KV -"AQW/BS M786%VBO":I[FUNI';*&E4:VUT2E4;!NT-LB;Y%,#6U;5NQ8##"%JU5Y'C&6U MYGZA6%RGXT'>1',UT(B9=D762L7'=C,4"LH,@49K-]_YR*O8.&;7.VO5>*&4-790&Z[RDALTJW@YB MUW[E8K?!)HBR_*S&E+R))R?I[ UT@.KU@=GJ&^#;3;V5=ZNO-E[-QBT\=.V&'KL>+2#%L%E+ MKNH JQ&W>T>AJ["6=\ .&[.$\:)( M$T5MZ9&NA"F?K2' =L %93'AC>/V=J MV=?UFU-^9@T5-5ZPA!W:;A9KBR&_<$P&:Z29\AV&LH6R!,INEBH=B=9]Y,.$BA?J1,TFE,WG.><3+LF!WKD*_IJQ/EG>Q ME.5<7R=AFM @2P>RI91SG2,I,GPFFGD2<9^%3@5X]5J+RQC&4\5=C[I,\@<= MN!/SK.B1:Y.W>UNA/U71VXQ0&4\!F#E/J4N^>I#%Q+ SA-,9SJ_N8-:>.%,! MQR_GB7&*NI+/K$+0[B6%)ELU+\DP0) # G%ESD.62(/=HMC6SYJP,)CS@#5Q M[<8N-.1,+PP6#&UZI=!4M)B%;D+ M;LE"ZZG4DJW<^QZ$(M&$))FQR5M+J84,61^F7.>^G)>KHTB1U4R^!D&["Q3: M7#87,&:141(Y\F6NEATE_O'J%A8KW@G)''\L^!_,M0?GJGZQ D6[8Q3::14= M(\O \IVA@5Z1/[]NWJB7P-@M5^A5+9QY?]V6Y^=;S.HO&;.KO="T21&S8B^OZW0[SYZVA'<;SP;R=^-I%LA,]$T$JNY_H-1-M] MFGH)")*VW/^F'651&_'$"0DJG0*5POUT0,0'(#H_CJ?9:L"P])95>#\:OM" M\G;32;+BQA?@M>^HTE94/"W5H+7 MPD>MSG[KH+/[I-PYIZLP,5?#:DPD>&LP47)'I&E^50:.'[0S59W4>M>D=6HC M9IMY@4J>M.:TUF&G>.OC!OQH8FLPM/S^RC*FEF'JW]5:SJ$/OLKG51PDBY+\ MLIZC+%X86LTH"59D$+Q#= /G,%]!NBXC2UPCOD,TJHI[5X/?>DJ%&&>N1_%) M2"P]SZ4_Q9NX/*;4V1.3#E< \!D3<4C6]&%#B)DHT]'.)@2XYV%E=;03R!!C M--YT>PBQF_ON0&\Q;AC=H+=#HBTG@E :OQ>P*4*!KL*A@L@>(N0GZ8>S!) # MR):%WT#LU02.QH;1+8]'.XYD+@_R>H!I(6N6SU]2$T4QSGV),E;T@N7XM76" M4M;7%[K.+G#L_C=4^@Z%@7_LNCH]HEZ?Z-/X($O(!GZT%)1>%OFU M@&.IT1,E;$BCOBY"I0#KSK]_8?@>1^H(U6!7-G=Z$SQ":,MPW/L)WEK)@K8,LT:*6KQ>SOQ=9D9LHRX9?,G&80H43?\?Q>G3#QQ.(P7I@%+@.HJW)UPF7R4''>89/%$UU5-IUSA\L'?$LN=/>&[NOG.M#9V7=51 MDI-$.VGBJ^B_2Y(8(\)+;\-5 JYR#Q*^CC1RK=Z.R5NH:E$U"!?^?M,\-,A;G'D"O3 M,;MA4\J%3M%$(*D3A-0;,#E-=[N7F'E-=2=/:Z#P3^A S!WX/S,5K*Z#SK;4 MOP4^_OS&B!=RM(M@&(3:2F\WJ!2&.S7FJ4ZJIS-,8*.L;EMVV(R%I2:(WJT& M7SM=BI*9U:MSQI%C< M4S'/A%;#J6V/Z^MO&^H_C$I5LIQ>;C=;QM;+1]=JRXRLW" M,C$W(5 /%=PP-W0B7O7YQ&/):")=R5CUW661;V"9;J7L'@9)X#N>HGIAYW/P M5-Z8S8MK*\QFRD M@PF3@PD5\686%64]$;59%NJYI/G;E]PI:])LO*M^%1;K8<8+B,N,Y;^KE;ZP M2;^G%;+C4< DULR#B61IWK(V]MJ=LQ<_)H87R$^ Y'A2_MYL8RIUW08O.*P, MT/\SGBR(CE3>,.6'4*FIDC1G-92:Y#F9?#JQRB6;#IE,S\!9 #:0P?6Q6[6- MZ!SM':6'7//25(:N@VC'@\OXEAJNHBH3@_I8,@V7%ZPB;!W$NA;L-%0!)$PR M+X-IH X,1TYSNI*+58"N@V@G'G7N;YV)[^$%EC+P!=;1>M9+WV5>7K3*T'40 M+;9#7OE]B,83V+KC4&:T7#6,.HB8!.3,N[V\1#: .@@P5[4^IY!GOFRP#HP/ M'OW!Q \5U07.X!$&G_O]/M;V>2&J -9!(*WCQ-=+]I@E,'40X\>HZSI/,6%/ MR0MAA:BE".!"2T3(0M12A"7\UXKY:(U&/Q?7LF&D#BR?^-@@'W6YA,+;7\BJ MR@;KP'@:XD\,B5398*T8/[4Q?EH_QB%4F)-OTT!-&+YA8RAJF,2FHM0=UNAL M?T& I8!U$.A*?VO.T1WBO 3&D3JP7+D*_;.4H)?TB4\UQL7%:5X$\U =F#[W M0UEM*52"K(-(INP8\K'*F;0!ML9B55Y&&^#70?S,V_F% L(P\'49_MB.+@&! MC_\#4$L#!!0 ( ,F&K5)<U_O1R?WIY>7>R",(/%A0 GZM$?HWK_^^=>_ /[G MY[^-1N "H\ _!F?4&UV2*?T)W, %.@9?$$$,1I3]!'Z#P4I\0B]P@!@XI8ME M@"+$OT@Z/@;OW_X(P6ADP/8W1'S*OMY=YFSG4;0\WM]_?GY^2^@3?*;L6_C6 MHPLS?O=TQ3R4,[N_O'D AP>'XX.CHS$8'_P*?AV#LXN;MR]3KL@9C'@;\?7? M#\\.WO._QDOX3XTUY!S^>CMY3-]@\/#L;[_[Z^NO?F: %'F B8/+2740DN,KKQQX\? M]^-OLZ:UEB^/+,CZ.-K/Q,DY\V^QIGU!DA ?A[%X5]2#43S*&KL!RA;BMU'6 M;"0^&HT/1T?CMR^AOY<9/[8@HP&Z0U,@_N6C)>\UQ"1Z$<-C7WRSS]%9+1") M3HA_3B(S!H)9&4L@?QQ*1" HMP,ITLA=_A�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end