Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 811

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 811
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 measured as the excess of consideration transferred
and the net of the acquisition-date fair values of the assets acquired and the liabilities assumed. While the Company provided its best
estimates and assumptions when accurately valuing assets acquired and liabilities assumed at the acquisition date, the estimates are inherently
uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date,
the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill.

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Intangible Assets and Intellectual Property

Intellectual Property

The Company amortizes intellectual property based
on the estimated period over which the economic benefits of the intangible assets are expected to be consumed. Typically, the Company
amortizes its intellectual property, including patents and other identifiable intangible assets, on a straight-line basis. The amortization
periods generally range from three years to fifteen years, depending on the nature of the asset and its expected useful life.

Capitalized Software Development Cost

The Company capitalizes certain costs related to the
development of its digital payment and banking platform, including employee compensation and consulting fees for third-party developers,
only when it is probable that the development will result in new or additional functionality. Costs incurred during the preliminary project
planning phase and post-implementation phase are expensed as incurred. The capitalized software development costs are amortized on a straight-line
basis over the estimated useful life of the asset.

Goodwill 

The
Company accounts for goodwill in accordance with ASC 350, Intangibles – Goodwill and Other (“ASC 350”). ASC 350 requires
that goodwill and other intangibles with indefinite lives should be tested for impairment annually or on an interim basis if events or
circumstances indicate that the fair value of an asset has decreased below its carrying value. Goodwill represents the excess of the purchase
price over the estimated fair values of the net tangible and intangible assets of acquired entities. The Company performs a goodwill impairment
test annually and more frequently if an event or circumstance indicates that impairment may have occurred. Triggering events that may
indicate a potential impairment include, but are not limited to, significant adverse changes in customer demand or business climate and
related competitive considerations. The Company first performs a qualitative assessment to determine whether it is more likely than not
that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more likely than not that the
fair value of a reporting unit