Company: APCXW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001683168-25-003561
Chunk: 9

Company: AppTech Payments Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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(loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding
during the year, increased by the potentially dilutive common shares that were outstanding during the year. Dilutive securities include
stock options, warrants granted, and convertible preferred stock.

The number of common stock equivalents not included
in diluted income per share was 25,577,892 and 11,245,422 for the three months ended March 31, 2025 and 2024, respectively. The weighted
average number of common stock equivalents is not included in diluted income (loss) per share because the effects are anti-dilutive.

    Schedule of weighted
average number of common stock equivalents 

    March 31, 2025  
    March 31, 2024 
  
    Series A preferred stock 
     1,148  
     1,148 
  
    Warrants 
     19,281,627  
     7,489,960 
  
    Options 
     6,295,117  
     3,754,314 
  
    Total 
     25,577,892  
     11,245,422 

     11 

Stock Based Compensation

Stock options are valued using the estimated grant-date
fair value method of accounting in accordance with ASC Topic 718, Compensation – Stock Compensation. Fair value is determined based
on the Black-Scholes Model using inputs reflecting our estimates of expected volatility, term and future dividends. We recognize forfeitures
as they occur. The Company has several consulting agreements that have share-based payment awards based on performance. These agreements
typically require the Company to issue common stock to the consultants on a monthly basis. The Company records the fair market value of
the common stock issuable at each month end when the performance is complete based upon the closing market price of the Company’s
common stock.

New Accounting Pronouncements

The FASB issues Accounting Standards Updates
(“ASUs”) to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original
text of ASC. The Company believes those ASU’s issued to date either (i) provide supplemental guidance, (ii) are technical
corrections, (iii) are not applicable to the Company or (iv) are not expected to have a significant impact on the Company.

NOTE 3 – INTANGIBLE ASSETS

Intellectual Property