Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 18

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 options vest in equal monthly installments ranging
from immediately to 12 months. For the six months ended June 30, 2025, the fair value of the options were valued using a Black-Scholes
option pricing model with the following assumptions:

    Schedule of fair value assumptions 

    Market value of common stock on issuance date 
    $0.25 - $0.47 
  
    Exercise price 
    $0.42 - $1.05 
  
    Expected volatility 
    133.71% - 153.07% 
  
    Expected term (in years) 
    3.0 - 10.0 
  
    Risk-free interest rate 
    4.0% - 4.21% 
  
    Expected dividend yields 
    – 

     18 

Warrants 

As of June 30, 2025, the Company has 21,031,627 warrants
outstanding. The following table summarizes warrant activity:

    Schedule of warrant activity 

    Number of Warrants  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2024 
     15,906,627  
    $1.76  
     4.25 
  
    Cancelled 
     –  
     –  
     – 
  
    Issued 
     5,125,000  
     1.08  
     – 
  
    Outstanding as of June 30, 2025 
     21,031,627  
    $1.60  
     4.00 

NOTE 9 – SUBSEQUENT EVENTS

On
July 1, 2025, the Company entered into a separation agreement with its former Chief Executive Officer and Chairman of the Board.  Under
the terms of the arrangement, all previously issued options were canceled and he was instead granted 700 thousand vested options, and
300 thousand performance-based options. The options have a three-year life and carry an exercise price of $1. 

On
July 8, 2025, the former Corporate Secretary resigned and his options were extended for three years.

On
July 23, 2025, the Company entered a twelve-month unsecured convertible note agreement with Labrys Fund II, LP, with a principal value
of $360 thousand dollars and an interest rate of 10%. The discount