Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 50

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 50
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 extinguishment was approximately
$13 thousand for the nine months ended September 30, 2025, compared to $0 for the nine months ended September 30, 2024, representing an
increase of $13 thousand. The increase was driven by various accrued expenses written off.

 21 

Debt Discount Amortization

The amortization on debt discounts was $50 thousand
for the three and nine months ended September 30, 2025, compared to $151 thousand for the three and nine months ended September 30, 2024.
The changes were due to the amortization periods of each convertible note and the discounted amount.

Other Income (Expenses)

Other expense was $93 thousand for the three months
ended September 30, 2025, compared to an expense of $6 thousand for the three months ended September 30, 2024. The increase of $87 thousand
was primarily driven by the expensing of a security deposit  related to a proposed financing event.

For the nine months ended September 30, 2025
compared to September 30, 2024, other expense decreased from $63 thousand to  $8 thousand. The biggest driver was
security deposit write off. 

Liquidity and Capital Resources

The Company routinely evaluates its immediate
working capital needs and liquidity sources. For the three months ended September 30, 2025 and September 30, 2024, the Company maintained
its liquidity sources primarily through cash and cash equivalents, and proceeds received from the AFIOS Partners investment.

Cash and cash equivalents at September 30, 2025
and December 31, 2024 were $439 thousand and $868 thousand, respectively.

Management's Plan to Address Going Concern
Considerations

The Company has experienced recurring operating
losses, primarily due to limited revenues. The Company's current financial conditions and recurring losses raise substantial doubt about
its ability to continue as a going concern.

Management has restructured its operations, reduced
its headcount, and is actively pursuing additional funding options. We are confident that two of its revenue streams will begin generating
revenue in the following twelve months from the issuance date of these financial statements.

Management intends to maintain adequate working
capital and adhere to prudent financial forecasting.

Cash Flows

The following table presents a summary of cash
flows from operating, investing and financing activities for the following comparative periods ($ in thousands).

    Nine Months Ended September 30, 

    2025