Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 872

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 872
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    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 method for estimating the expected term, which calculates the
expected term as the average time-to-vesting and the contractual life of the options for stock options issued to participants.

Risk-Free Interest Rate – The risk-free
rate assumption is based on U.S. Treasury instruments, the terms of which were consistent with the expected term of the Company’s
stock options.

Expected Dividend – The expected dividend
assumption is based on the Company’s history and expectation of dividend payouts. The Company has not paid any dividends to date
and does not intend to pay dividends.

Forfeitures are cancelled as they occur. Plan related
forfeitures are added back to the equity incentive plan.

Warrants

As of December 31, 2024, the Company has 15,906,627
warrants outstanding. The following table summarizes warrant activity:

    Schedule of warrant activity 

    Number of  shares  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2023 
     7,489,960  
    $3.52  
     3.83 
  
    Cancelled 
     –  
    $–  

    Exercised