Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 395

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 395
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     2,725,564  
    $1.84  
     4.07 
  
    Issued 
     3,838,500  
     1.13  

    Exercised 
     –  
     –  

    Cancelled 
     (1,117,279) 
     2.07  

    Outstanding as of December 31, 2024 
     5,446,785  
    $1.29  
     7.15 
  
    Outstanding as of December 31, 2024, vested 
     1,984,288  
    $1.18  
     7.97 

The
unvested options includes a total of approximately 3,500,000  options
contingent upon reaching specified sales milestones. The remaining expense to be recognized, exclusive of the contingent performance-based
options, is $0 thousand 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