Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 682

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 682
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 years ended December 31, 2024 and 2023,
respectively are presented below. The weighted average number of common stock equivalents is not included in diluted income (loss)
per share, because the effects are anti-dilutive.

    Schedule of weighted
average number of common stock equivalents 

    December 31, 2024  
    December 31, 2023 
  
    Series A preferred stock 
     1,148  
     1,148 
  
    Warrants 
     15,906,627  
     7,489,960 
  
    Options 
     5,446,785  
     2,725,564 
  
    Total 
     21,354,560  
     10,216,672 

Stock Based Compensation

Stock
options are valued using the estimated grant-date fair value method of accounting in accordance with ASC Topic 718, Compensation –
Stock Compensation. Fair value is determined based on the Black-Scholes Model using inputs reflecting our estimates of expected volatility,
term and future dividends. We recognize forfeitures as they occur. The
Company has several consulting agreements that have share-based payment awards based on performance. These agreements typically require
the Company to issue common stock to the consultants on a monthly basis. The Company records the fair market value of the common stock
issuable at each month end when the performance is complete based upon the closing market price of the Company’s common stock.

New Accounting Pronouncements

The FASB issues ASUs to amend the authoritative literature
in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either
(i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to
have a significant impact on the Company.

NOTE 3 – OTHER CURRENT ASSETS

On December 13, 2024, the Company entered into
an agreement with AFIOS Partners (“AFIOS”) for a $5,000 thousand direct investment. AFIOS receives up to 5,200,000
shares at an average price of $0.96 per share, 5,200,000 warrants to purchase our common stock at $0.90 per share and 7,800,000
warrants to purchase common stock at $1.20 per share.

From
January to March 2025,