SINTX Technologies, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Fair Value Measurements and Marketable Securities (Tables)

Fair Value Measurements and Marketable Securities (Tables)

12 Months Ended

Dec. 31, 2014

Fair Value Inputs Liabilities Quantitative Information [Line Items]

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 at December 31, 2014 and 2013:

	Fair Value Measurements at December 31, 2014
Description	Level 1		Level 2		Level 3		Total
Derivative liability
Common stock warrants	$	-	$	-	$	11,358	$	11,358
Conversion feature of notes		-		-		2,612		2,612
Total derivative liability	$	-	$	-	$	13,970	$	13,970

	Fair Value Measurements at December 31, 2013
Description	Level 1		Level 2		Level 3		Total
Derivative liability
Preferred stock warrants	$	-	$	-	$	11	$	11
Common stock warrants		-		-		199		199
Total derivative liability	$	-	$	-	$	210	$	210

Schedule of Reconciliation of Derivative Liability Measured At Fair Value on Recurring Basis Using Significant Unobservable Inputs (Level 3)

The following table presents a reconciliation of the derivative liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the years ended December 31, 2014 and 2013:

	Common Stock Warrants			Preferred Stock Warrants			Conversion Feature of Notes			Total Derivative Liability
Balance at December 31, 2012	$	(2,783	)	$	(526	)	$	-		$	(3,309	)
Issuances of derivatives		(871	)		-			-			(871	)
Modification of terms		(424	)		-			-			(424	)
Change in fair value		3,879			515			-			4,394
Balance at December 31, 2013	$	(199	)	$	(11	)	$	-		$	(210	)

Balance at December 31, 2013	$	(199	)	$	(11	)	$	-		$	(210	)
Issuances of derivatives		(12,617	)		-			(1,930	)		(14,547	)
Reclassification from liability to equity		-			5			-			5
Extinguishment of derivative liabilities		24			-			1,008			1,032
Change in fair value		1,434			6			(1,690	)		(250	)
Balance at December 31, 2014	$	(11,358	)	$	-		$	(2,612	)	$	(13,970	)

Convertible Notes Payable

Fair Value Inputs Liabilities Quantitative Information [Line Items]

Schedule of Assumptions used in Estimating Fair Value

The assumptions used in estimating the conversion feature of the notes at December 31, 2014 were as follows:

	December 31, 2014
Estimated fair value of common share	$	0.80
Weighted-average risk free interest rate		0.67	%
Weighted-average expected life (in years)		1.6
Expected dividend yield		0	%
Weighted average expected volatility		32	%

Common Stock

Fair Value Inputs Liabilities Quantitative Information [Line Items]

Schedule of Assumptions used in Estimating Fair Value

The assumptions used in estimating the common stock warrant liability at December 31, 2014 and December 31, 2013 were as follows:

	December 31, 2014			December 31, 2013
Estimated fair value of common share	$	0.80		$	5.75
Weighted-average risk free interest rate		1.53	%		1.26	%
Weighted-average expected life (in years)		4.7			4.1
Expected dividend yield		0	%		0	%
Weighted average expected volatility		116	%		47	%

Preferred Stock

Fair Value Inputs Liabilities Quantitative Information [Line Items]

Schedule of Assumptions used in Estimating Fair Value

The assumptions used in estimating the preferred stock warrant liability at December 31, 2013 were as follows:

	December 31, 2013

Estimated fair value of common share	$	5.75
Weighted-average risk free interest rate		1.11	%
Weighted-average expected life (in years)		3.6
Expected dividend yield		0	%
Weighted average expected volatility		44	%

- Definition

Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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