Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 729

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 729
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     (3,072)
  
    Amortization expenses 
     (405) 
     (702)
  
    Ending balance 
    $1,823  
    $1,147 

Goodwill

On October 26, 2023, the Company completed the acquisition
of Alliance Partners. The difference between the fair value of the purchase price and the net assets acquired is recorded as goodwill.
As of December 31, 2024 and 2023, the goodwill was approximately $1,161 thousand.

     36 

Amortization Schedule

The following table presents the estimated aggregate
amortization expense for each of the five succeeding fiscal years related to intangible assets subject to amortization as of December
31, 2024 (in thousands):

    Schedule of amortization expense 

    Fiscal Year Ending December 31 
    Amortization Expense 
  
    2025 
    $1,430 
  
    2026 
     1,390 
  
    2027 
     1,318 
  
    2028 
     946 
  
    2029 
     149 

The estimated amortization expense is based on the
carrying value of intangible assets and their remaining useful lives as of the balance sheet date. These estimates are subject to change
based on future acquisitions, disposals, or impairments of intangible assets.

NOTE
5 – ACCRUED LIABILITIES

    Schedule of accrued liabilities 

    December 31, 2024  
    December 31, 2023 
  
    Payables due to seller for acquisition 
    $1,200  
    $1,500 
  
    Accrued payroll 
     202  
     189 
  
    Accrued residuals 
     15  
     12 
  
    Anti-dilution provision 
     –  
     72 
  
    Other 
     102  
     185 
  
    Total accrued liabilities 
    $1,519  
    $1,958 

In connection with the original purchase of Alliance
Partners, $1,200 thousand and $1,500 thousand remained outstanding as of December 31, 2024 and 2023, respectively. The payable amount
is secured by substantially all the Company's assets.

Anti-dilution provision

During
2024, the Company and Infinios entered into a