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

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 based upon the closing market price of the Company’s
common stock.

Segment Reporting

In accordance with ASC 280, Segment Reporting
(“ASC 280”), we identify our operating segments according to how our business activities are managed and evaluated. ASC 280
establishes standards for companies to report financial statement information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information is
available that is regularly evaluated by the Company’s chief operating decision makers (“CODMs”) in deciding how to
allocate resources and assess performance.

The CODMs have been identified as the Chief Executive
Officer and Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one operating and reportable segment.

The key measures of segment profit or loss reviewed
by our CODMs 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.

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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