Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 228

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 228
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 as of December 31, 2024.

During the year ended December 31, 2024, the Company
recorded $1,125 thousand in option expenses, which includes the modification expense of $325 thousand and the company-wide grant of 406,000
options valued at $349 thousand.

The Company recorded $2,600 thousand option expenses
for the year ended December 31, 2023, including expenses from repricing of the options at $711 thousand.

The Plan options
vest in equal monthly installments ranging from instantly to 12 months. The fair value of the options were valued using a Black-Scholes
options pricing model with the following range of assumptions:

    Schedule of fair value assumptions 

    December 31, 2024 
  
    Market value of common stock on issuance date 
    $0.51 - $1.99 
  
    Exercise price 
    $0.59 - $2.11 
  
    Expected volatility 
    102% - 144% 
  
    Expected term (in years) 
    1.0 - 10.0 
  
    Risk-free interest rate 
    3.58% - 5.00% 
  
    Expected dividend yields 
    – 

    December 31, 2023 
  
    Market value of common stock on issuance date 
    $1.77 - $3.12 
  
    Exercise price 
    $1.77 - $3.12 
  
    Expected volatility 
    152% - 172% 
  
    Expected term (in years) 
    2.0 - 5.0 
  
    Risk-free interest rate 
    4.15% - 4.96% 
  
    Expected dividend yields 
    – 

     43 

Expected Volatility – The Company now
has sufficient operating history and company-specific historical data to determine its expected volatility assumption directly from its
own traded stock price. Rather than examining the historical volatilities of a group of industry peers, the Company calculates its volatility
based on the fluctuations in its own share prices, which are publicly available. The Company expects to continue using this approach going
forward, relying on its own historical stock price data to assess volatility.

Expected Term – The expected term of
stock options represents the weighted average period the stock options are expected to be outstanding. Given the limited historical exercise
data of the Company’s stock options, the Company uses the simplified