Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 135

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1B
Chunk 135
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, was approximately $8,859 thousand, which is comprised of (i) our net loss of $18,512
thousand, adjusted for non-cash expenses totaling $10,306 thousand (which includes
adjustments for equity-based compensation, depreciation and amortization), and (ii) is decreased by changes in operating assets and liabilities
of approximately $653 thousand.

Cash Flow from Investing Activities

Net cash used by investing activities during the
year ended December 31, 2024 was approximately $1,159 thousand. This expenditure was primarily attributable to capitalized software
costs.

Net cash used by investing activities during the year
ended December 31, 2023 was approximately $500 thousand. This expenditure was primarily attributable to an initial payment of $500
thousand related to the acquisition of FinZeo.

Cash Flow from Financing Activities

Net cash provided by financing activities during
the year ended December 31, 2024 was approximately $8,203  thousand, driven by net proceeds received of $6,288  thousand
through the issuance of common shares and warrants in our public offerings, $1,010 thousand proceeds received from exercise of warrants,
and $910 thousand net proceeds received from convertible notes payable.

 16 

Net cash provided by financing activities during
the year ended December 31, 2023 was approximately $7,178 thousand, driven by net proceeds received of $8,933 thousand through the
issuance of common shares and warrants in our public offerings, $33 thousand proceeds received from exercise of stock options
partially offset by repayment of loan and note payables of $1,788 thousand.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition
and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with GAAP. The
preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of
assets, liabilities, revenues and expenses. Significant estimates include those related to the valuation of goodwill impairment and intangible
assets. These estimates are based on historical experience and assumptions believed to be reasonable under current conditions. It's important
to note that actual results could differ from these estimates.

Critical accounting policies are those that we consider
the most critical to understanding our financial condition and results of operations. The accounting policies we believe to be most critical
to understanding our financial condition and results of operations are discussed below. As of December 31, 2024