2022 Q3 Form 10-Q Financial Statement

#000149315222022235 Filed on August 12, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $426.0K $240.0K $129.0K
YoY Change 78.24% 137.62% 29.0%
Cost Of Revenue $89.00K $66.00K $80.00K
YoY Change -53.16% -9.59% 33.33%
Gross Profit $337.0K $174.0K $49.00K
YoY Change 587.76% 521.43% 22.5%
Gross Profit Margin 79.11% 72.5% 37.98%
Selling, General & Admin $1.360M $1.331M $1.250M
YoY Change 7.0% 12.13% -3.1%
% of Gross Profit 403.56% 764.94% 2551.02%
Research & Development $1.523M $1.476M $1.653M
YoY Change -4.99% 22.59% 3.31%
% of Gross Profit 451.93% 848.28% 3373.47%
Depreciation & Amortization $101.0K $71.00K $69.00K
YoY Change 102.0% 69.05% 130.0%
% of Gross Profit 29.97% 40.8% 140.82%
Operating Expenses $3.130M $2.957M $2.929M
YoY Change 8.91% 23.67% 1.7%
Operating Profit -$2.793M -$2.783M -$2.880M
YoY Change -1.13% 17.77% 1.41%
Interest Expense $61.00K $110.0K $35.00K
YoY Change -87.37% 223.53% -117.5%
% of Operating Profit
Other Income/Expense, Net $69.00K $271.0K
YoY Change -7000.0% 65.24%
Pretax Income -$2.724M -$2.512M -$2.845M
YoY Change 16.26% 14.23% 8.17%
Income Tax
% Of Pretax Income
Net Earnings -$2.724M -$2.512M -$2.845M
YoY Change 16.26% 14.23% 8.05%
Net Earnings / Revenue -639.44% -1046.67% -2205.43%
Basic Earnings Per Share -$0.11 -$0.10
Diluted Earnings Per Share -$0.11 -$0.10 -$115.1K
COMMON SHARES
Basic Shares Outstanding 24.72M shares 24.72M shares 247.1K shares
Diluted Shares Outstanding 25.09M shares 25.08M shares 247.1K shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.779M $7.747M $10.86M
YoY Change -72.19% -65.06% -53.72%
Cash & Equivalents $4.779M $7.747M $10.86M
Short-Term Investments
Other Short-Term Assets $46.00K $105.0K $721.0K
YoY Change -87.96% -83.87% -9.88%
Inventory $749.0K $775.0K $299.0K
Prepaid Expenses
Receivables $230.0K $268.0K $106.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $6.048M $9.228M $11.99M
YoY Change -66.67% -60.24% -53.46%
LONG-TERM ASSETS
Property, Plant & Equipment $5.493M $5.085M $6.440M
YoY Change -13.18% 85.72% 162.86%
Goodwill
YoY Change
Intangibles $27.00K $29.00K
YoY Change
Long-Term Investments
YoY Change
Other Assets $81.00K $80.00K $424.0K
YoY Change -77.62% -81.61% -3.64%
Total Long-Term Assets $8.515M $8.266M $6.894M
YoY Change 26.67% 157.75% 135.29%
TOTAL ASSETS
Total Short-Term Assets $6.048M $9.228M $11.99M
Total Long-Term Assets $8.515M $8.266M $6.894M
Total Assets $14.56M $17.49M $18.88M
YoY Change -41.44% -33.77% -34.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $289.0K $372.0K $490.0K
YoY Change 71.01% 141.56% 22.5%
Accrued Expenses $1.554M $1.552M $1.346M
YoY Change -25.4% -8.27% -10.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $524.0K
YoY Change
Long-Term Debt Due $168.0K $148.0K
YoY Change 184.75% 428.57%
Total Short-Term Liabilities $2.872M $2.977M $2.669M
YoY Change -8.91% -6.85% -16.85%
LONG-TERM LIABILITIES
Long-Term Debt $393.0K $393.0K $0.00
YoY Change -12.67% -18.46% -100.0%
Other Long-Term Liabilities $1.811M $1.968M $1.763M
YoY Change -10.57% 56.31% 28.69%
Total Long-Term Liabilities $393.0K $393.0K $1.763M
YoY Change -84.12% -77.43% -6.22%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.872M $2.977M $2.669M
Total Long-Term Liabilities $393.0K $393.0K $1.763M
Total Liabilities $5.148M $5.445M $4.432M
YoY Change -8.53% 10.29% -12.93%
SHAREHOLDERS EQUITY
Retained Earnings -$258.5M -$255.8M
YoY Change
Common Stock $247.0K $247.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.415M $12.05M $14.45M
YoY Change
Total Liabilities & Shareholders Equity $14.56M $17.49M $18.88M
YoY Change -41.44% -33.77% -34.18%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$2.724M -$2.512M -$2.845M
YoY Change 16.26% 14.23% 8.05%
Depreciation, Depletion And Amortization $101.0K $71.00K $69.00K
YoY Change 102.0% 69.05% 130.0%
Cash From Operating Activities -$2.458M -$2.542M -$3.180M
YoY Change 2.08% 8.22% 6.35%
INVESTING ACTIVITIES
Capital Expenditures -$511.0K -$368.0K -$230.0K
YoY Change -80.22% -15.6% 21.05%
Acquisitions
YoY Change
Other Investing Activities $1.000K $303.0K $0.00
YoY Change -79.64% -100.0%
Cash From Investing Activities -$510.0K -$65.00K -$230.0K
YoY Change -80.26% -106.18% -156.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -509.0K
YoY Change 5555.56%
NET CHANGE
Cash From Operating Activities -2.458M -2.542M -3.180M
Cash From Investing Activities -510.0K -65.00K -230.0K
Cash From Financing Activities 0.000 -509.0K
Net Change In Cash -2.968M -3.116M $0.00
YoY Change -40.54% 138.59% -100.0%
FREE CASH FLOW
Cash From Operating Activities -$2.458M -$2.542M -$3.180M
Capital Expenditures -$511.0K -$368.0K -$230.0K
Free Cash Flow -$1.947M -$2.174M -$2.950M
YoY Change -1206.25% 13.64% 5.36%

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GrossProfit
224000 usd
us-gaap Gross Profit
GrossProfit
68000 usd
CY2022Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1476000 usd
CY2021Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1204000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
3128000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2799000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
993000 usd
CY2021Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
858000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1849000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1858000 usd
CY2022Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
338000 usd
CY2021Q2 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
329000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
732000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
615000 usd
CY2022Q2 SINT Grant Expenses
GrantExpenses
150000 usd
SINT Grant Expenses
GrantExpenses
176000 usd
CY2022Q2 us-gaap Operating Expenses
OperatingExpenses
2957000 usd
CY2021Q2 us-gaap Operating Expenses
OperatingExpenses
2391000 usd
us-gaap Operating Expenses
OperatingExpenses
5885000 usd
us-gaap Operating Expenses
OperatingExpenses
5272000 usd
CY2022Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2783000 usd
CY2021Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2363000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5661000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-5204000 usd
CY2021Q2 us-gaap Interest Expense Other
InterestExpenseOther
1000 usd
us-gaap Interest Expense Other
InterestExpenseOther
8000 usd
us-gaap Interest Expense Other
InterestExpenseOther
1000 usd
CY2022Q2 us-gaap Interest Income Other
InterestIncomeOther
2000 usd
CY2021Q2 us-gaap Interest Income Other
InterestIncomeOther
49000 usd
us-gaap Interest Income Other
InterestIncomeOther
3000 usd
us-gaap Interest Income Other
InterestIncomeOther
96000 usd
CY2022Q2 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1000 usd
us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
-1000 usd
CY2022Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
108000 usd
CY2021Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-14000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
148000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-256000 usd
SINT Forgiveness Of Paycheck Protection Programe Loans
ForgivenessOfPaycheckProtectionProgrameLoans
-391000 usd
CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
162000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
130000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
162000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
142000 usd
CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
271000 usd
CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
164000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
304000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
372000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2512000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2199000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-5357000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4832000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-2512000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2199000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5357000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4832000 usd
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24716558 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24687916 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24714403 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24678084 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25078721 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24687916 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25080590 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24678084 shares
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
25804000 usd
CY2021Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
36000 usd
CY2021Q1 SINT Stock Issued During Period Value Extinguishment Of Derivative Liability Upon Exercise Of Warrant
StockIssuedDuringPeriodValueExtinguishmentOfDerivativeLiabilityUponExerciseOfWarrant
195000 usd
CY2021Q1 SINT Stock Issued During Period Value Issuance Of Common Stock Upon Exercise Of Warrants For Cash
StockIssuedDuringPeriodValueIssuanceOfCommonStockUponExerciseOfWarrantsForCash
196000 usd
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
-2633000 usd
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
23598000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
80000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2199000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
21479000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
17194000 usd
CY2022Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
102000 usd
CY2022Q1 us-gaap Net Income Loss
NetIncomeLoss
-2845000 usd
CY2022Q1 us-gaap Stockholders Equity
StockholdersEquity
14451000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
88000 usd
CY2022Q2 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
22000 usd
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-2512000 usd
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
12049000 usd
us-gaap Net Income Loss
NetIncomeLoss
-5357000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4832000 usd
us-gaap Depreciation
Depreciation
137000 usd
us-gaap Depreciation
Depreciation
70000 usd
SINT Amortization Of Right Of Use Asset
AmortizationOfRightOfUseAsset
262000 usd
SINT Amortization Of Right Of Use Asset
AmortizationOfRightOfUseAsset
215000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2000 usd
us-gaap Other Noncash Income
OtherNoncashIncome
88000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
190000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
116000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
148000 usd
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-256000 usd
SINT Forgivenessof Paycheck Protection Programe Loan
ForgivenessofPaycheckProtectionProgrameLoan
-391000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-1000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
144000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-27000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
12000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
498000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
408000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
178000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
267000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
84000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
318000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
2000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-245000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-198000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5722000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5339000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
598000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
626000 usd
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
1944000 usd
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
303000 usd
SINT Proceeds From Sale Of Property And Equipment
ProceedsFromSaleOfPropertyAndEquipment
144000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-295000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1462000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
196000 usd
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
510000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
509000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
5000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-509000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
701000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6526000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-3176000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14273000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25351000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
7747000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22175000 usd
SINT Extinguishment Of Derivative Liabilities Through Exercise Of Warrants
ExtinguishmentOfDerivativeLiabilitiesThroughExerciseOfWarrants
195000 usd
SINT Acquisition Of Subsidiary Through Assumption Of Debt
AcquisitionOfSubsidiaryThroughAssumptionOfDebt
22000 usd
SINT Reduction Of Debt Through Increase In Accrued Liabilities
ReductionOfDebtThroughIncreaseInAccruedLiabilities
100000 usd
us-gaap Interest Paid Net
InterestPaidNet
21000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_841_eus-gaap--UseOfEstimates_zh2wX3tBxkl6" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span id="xdx_86C_zlhjSAD2qbb4">Use of Estimates</span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 June 30, 2022, the most significant estimate relates to derivative liabilities relating to common stock warrants.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Net Income Loss
NetIncomeLoss
-5400000 usd
us-gaap Net Income Loss
NetIncomeLoss
-4800000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5700000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5300000 usd
CY2022Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-255800000 usd
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-250400000 usd
CY2022Q2 us-gaap Share Price
SharePrice
1.00
us-gaap Net Income Loss
NetIncomeLoss
-5357000 usd
SINT Net Income Effect Of Dilutive Warrant Securities
NetIncomeEffectOfDilutiveWarrantSecurities
-148000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-5505000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5357000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-148000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-5505000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24714403 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
366188 shares
CY2021Q4 us-gaap Other Income
OtherIncome
500000 usd
CY2021 us-gaap Other Income
OtherIncome
500000 usd
CY2021Q4 SINT Reduction Of Stockholders Equity
ReductionOfStockholdersEquity
500000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2400000 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1800000 shares
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
-2512000 usd
CY2022Q2 SINT Net Income Effect Of Dilutive Warrant Securities
NetIncomeEffectOfDilutiveWarrantSecurities
-108000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-2620000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2512000 usd
CY2022Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-108000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2620000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24716558 shares
CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
362163 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25078721 shares
CY2022Q2 SINT Basic Net Income Loss Per Share
BasicNetIncomeLossPerShare
-0.10
CY2022Q2 SINT Earnings Per Share Diluted Net Income Loss
EarningsPerShareDilutedNetIncomeLoss
-0.10
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.10
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.10
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
25080590 shares
SINT Basic Net Income Loss Per Share
BasicNetIncomeLossPerShare
-0.22
SINT Earnings Per Share Diluted Net Income Loss
EarningsPerShareDilutedNetIncomeLoss
-0.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.22
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-2199000 usd
CY2021Q2 us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-2199000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2199000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-2199000 usd
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24687916 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24687916 shares
CY2021Q2 SINT Basic Net Income Loss Per Share
BasicNetIncomeLossPerShare
-0.09
CY2021Q2 SINT Earnings Per Share Diluted Net Income Loss
EarningsPerShareDilutedNetIncomeLoss
-0.09
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.09
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.09
us-gaap Net Income Loss
NetIncomeLoss
-4832000 usd
us-gaap Net Income Loss Attributable To Parent Diluted
NetIncomeLossAttributableToParentDiluted
-4832000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4832000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4832000 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24678084 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24678084 shares
SINT Basic Net Income Loss Per Share
BasicNetIncomeLossPerShare
-0.20
SINT Earnings Per Share Diluted Net Income Loss
EarningsPerShareDilutedNetIncomeLoss
-0.20
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.20
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.20
CY2022Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
551000 usd
CY2021Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
411000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
126000 usd
CY2021Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
134000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
98000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
52000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
775000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
597000 usd
CY2022Q2 us-gaap Inventory Gross
InventoryGross
300000 usd
CY2022Q2 us-gaap Inventory Noncurrent
InventoryNoncurrent
400000 usd
CY2021Q4 us-gaap Inventory Gross
InventoryGross
300000 usd
CY2021Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
300000 usd
CY2022Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
743000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
724000 usd
CY2022Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
290000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
519000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
426000 usd
CY2022Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1552000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1150000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
743089000 usd
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
833892 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.91
SINT Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P8Y8M12D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
87553000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
357000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.45
SINT Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedToVestOutstandingWeightedAverageRemainingContractualTerm1
P10Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
3 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
139237.86
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1190889 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.38
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y7M6D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
462229 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
5.22
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P8Y1M6D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
1117329 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
2.47
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y7M6D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
465393 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.53
SINT Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P9Y3M18D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
368500 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.93
SINT Sharebased Compensation Arrangement By Sharebased Payment Award Options Granted To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsGrantedToVestOutstandingWeightedAverageRemainingContractualTerm1
P10Y
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
833893 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.98
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P9Y2M12D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
743089000 usd
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
376 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
6977.42
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y9M18D
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
833893 shares
CY2021Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.98
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P9Y2M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0170 pure
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
1.311 pure
CY2018Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
6000000.0 usd
CY2018Q4 us-gaap Debt Instrument Term
DebtInstrumentTerm
P36M
CY2018Q4 us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2021-10-01
CY2018Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.10 pure
us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
the Company leases 29,534
CY2022Q2 us-gaap Area Of Land
AreaOfLand
29534 sqft
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
This lease expires at the end of 2024. The lease has two five-year extension options.
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
2600000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2700000 usd
SINT Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
300000 usd
SINT Noncash Operating Lease Expense
NoncashOperatingLeaseExpense
200000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.065 pure
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
424000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
871000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
897000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
161000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
127000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
669000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
3149000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
476000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
2673000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
705000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
1968000 usd

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