Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 254

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 254
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Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on that evaluation,
our management concluded that our internal control over financial reporting was not effective as of December 31, 2024. 

The management has identified a material weakness
in our internal control over financial reporting, primarily due to insufficient formal financial reporting policies and procedures resulting
in material post-close adjustments.

Policies and procedures should be implemented to ensure that any significant
events requiring disclosure are identified, accounted for, disclosed and reviewed by the management.

Changes in Internal Control over Financial Reporting

There have been no material changes in our internal
controls over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the fourth quarter of 2024
that materially affected, or is reasonably likely to materially affect, our internal controls over financial reporting.

Limitations on the Effectiveness of Controls

Due to the inherent limitations in all control systems,
no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, have been detected. Because
of the inherent limitations in any control system, misstatements due to error or fraud may occur and not be detected.

Item 9B. Other Information

For the quarter ended December 31, 2024, there was
no information required to be disclosed in a report on Form 8-K which was not disclosed in a report on Form 8-K.

During
the quarter ended December 31, 2024, no director or officer adopted or terminated any “Rule 10b5-1 trading arrangement”
or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

Item 9C. Disclosure Regarding Foreign Jurisdictions
that Prevent Inspections

Not applicable.

 20 

PART III

Item 10. Directors, Executive Officers and Corporate
Governance

The information required by this item regarding our
executive officers will be presented under the caption “Executive Officers” in our Proxy Statement for the 2025 Annual Meeting
of Stockholders to be filed with the Securities and Exchange Commission within 120 days of the fiscal year ended December 31, 2024
(the 2025 Proxy Statement) and is incorporated herein by reference.

The information required by this item regarding our
compliance with Section 16 of the Exchange Act of 193