Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 37

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 37
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Ms are revenue and operating expenses. Revenue is monitored by the CODMs to understand the performance of its verticals. Operating
expenses are reviewed and monitored by the CODMs to manage and forecast cash. The CODMs also reviews operating costs to manage, maintain
and enforce all contractual agreements to ensure costs are aligned with all agreements and internal budgets.

     12 

New Accounting Pronouncements

The Financial Accounting Standards Board (“FASB”)
issues Accounting Standards Updates (“ASUs”) to amend the authoritative accounting guidance in the Accounting Standards Codification
(“ASC”).

On November 4, 2024, the FASB issued ASU 2024-03,
Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures. This ASU provides guidance
to public companies regarding footnote disclosures of natural expense components (such as employee compensation, depreciation, and amortization)
included within each relevant income statement expense caption. The guidance is effective for public companies for fiscal years beginning
after December 15, 2026. The Company is currently assessing the impact of the new guidance on its financial statement disclosures.

Except as noted above, the Company believes that
recent ASUs issued by the FASB either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the
Company, or (iv) are not expected to have a material impact on the Company’s consolidated financial statements or related disclosures.

NOTE 3 – INTANGIBLE ASSETS

Intellectual Property

The Company has two patent portfolios. As of September
30, 2025 and December 31, 2024, the gross value of patents is $407 thousand and accumulated amortization is approximately $407 thousand
and $368 thousand, respectively.

As of September 30, 2025 and December 31, 2024,
the gross value of acquired technology is $4,400 thousand and accumulated amortization is approximately $1,691 thousand and $1,029 thousand,
respectively.

    Schedule of capitalized development cost 

    Intellectual Property 
    September 30, 2025  
    December 31, 2024 
  
    Beginning balance 
    $3,410  
    $4,428 
  
    Amortization expenses 
     (701) 
     (1,018)
  
    Ending balance 
    $2,709  
    $3,410 

Capitalized Development Cost 

The Company capitalizes certain costs related