Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 39

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 39
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 work with the claimant to resolve this case. The invoiced amount
is already reflected in accounts payable.

NOTE 8 – STOCKHOLDERS’ EQUITY 

Series A Preferred Stock

The Company is authorized to issue 100,000 shares
of $0.001 par value Series A preferred stock (“Series A”). There were fourteen (14) shares of Series A preferred stock outstanding
as of June 30, 2025 and December 31, 2024. Series A stockholders have one vote per share on an “as converted” basis
for all matters submitted to a stockholder vote, without the right to cumulative voting in director elections. They are entitled to dividends,
if declared by the Company’s board of directors (the “Board of Directors”) from legally available funds, distributed
pro rata based on their Series A holdings on an as-converted basis. In the event of liquidation or dissolution, Series A stockholders
share ratably in any remaining assets after liabilities are paid, with no liquidation preferences. Each Series A share is convertible
into 82 shares of common stock at the stockholder’s discretion.

     16 

Common Stock

As of June 30, 2025 and December 31, 2024, the Company
was authorized to issue 105,263,158 shares of common stock with a par value of $0.001 per share. The number of shares outstanding was
33,988,934 as of June 30, 2025 and 33,278,934 as of December 31, 2024. Common stockholders are entitled to one vote per share on all matters
submitted to a stockholder vote, without the right to cumulative voting in director elections. They are eligible for dividends, if declared
by the Board of Directors from legally available funds, subject to the prior rights of any outstanding preferred stock and any contractual
restrictions on dividend payments. In the event of liquidation or dissolution, common stockholders share ratably in any assets remaining
after payment of liabilities and satisfaction of liquidation preferences of any outstanding preferred stock. Common stock carries no preemptive
or subscription rights and is not convertible into other securities.

Stock Issued for Services

During the six months ended June 30, 2025 and 2024,
the Company issued 10,000 and 160,000, respectively, shares of common stock to a consultant in connection with business development and
professional services. The Company valued the