Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 24

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 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).

    Six Months Ended June 30, 

    2025  
    2024 

    Net cash used in operating activities 
    $(3,080) 
    $(3,901)
  
    Net cash provided by investing activities 
    $–  
    $– 
  
    Net cash provided by financing activities 
    $2,350  
    $2,636 

Cash Flow from Operating Activities

Net cash used in operating activities during the
six months ended June 30, 2025, was approximately $3,080 thousand, which is comprised of (i) our net loss of $4,501
thousand, adjusted for non-cash expenses totaling $1,590 thousand (which includes
adjustments for equity-based compensation, depreciation and amortization), and (ii) decreased by changes in operating assets and liabilities
of approximately $169 thousand.

Net cash used in operating activities during the
six months ended June 30, 2024, was approximately $3,901 thousand, which is comprised of (i) our net loss of $5,959 thousand, adjusted
for non-cash expenses totaling $1,750 thousand (which includes adjustments for equity-based compensation, depreciation and amortization),
and (ii) changes in operating assets and liabilities of approximately $308 thousand.

 23 

Cash Flow from Investing Activities

There was no cash used by investing activities during
the three months ended June 30, 2025 and 2024.

Cash Flow from Financing Activities

During the six months ended June 30, 2025, net
cash provided by financing activities was $2,350 thousand, which consists of proceeds received on the outstanding equity receivable at
year-end, additional funds related to the Afios investment, and a convertible note executed in June 2025.

During
the six months ended June 30, 2024, net cash provided by financing activities was approximately $2,636 thousand. This amount primarily
consists of $1,800 thousand in net proceeds from the issuance of common shares in our public offering, $700 thousand from the At-The-Market
(ATM) offering, and a $200 thousand loan in June 2024.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition
and results of