Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 16

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 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 nine months ended September 30, 2025
and 2024, the Company issued 10,000 and 485,000, respectively, shares of common stock to a consultant in connection with business development
and professional services. The Company valued the common stock issuances at $4 thousand and $467 thousand, respectively, based upon the
closing market price of the Company’s common stock on the date of the agreement.

Stock Issued related to Acquisition

On March 1, 2024, the Company issued 15,000 shares
of common stock to the former owner of Alliance Partners as consideration for extending the payment due date for the remaining balance
of the Purchase consideration due.

See Note 1 - Purchase of Alliance Partners,
LLC.

Equity Receivable

$500 thousand related to the AFIOS Partners investment
was received in September 2025. Of the amount received, $450 thousand settled the equity receivable and $50 thousand was related to the
over-allotment provision in the original contract that allowed AFIOS to invest an additional $1,000 thousand under the original terms.
See the subsequent events for a discussion on the $1,000 thousand over-allotment invested.

Stock Options 

The Company grants stock options as part of employee
compensation and recognizes these options’ expense over the vesting period. If an employee does not meet certain conditions such
as sales targets or leaves the Company before the options vest, these options are forfeited as they occur.

On December
7, 2021, the Board of Directors authorized the Company’s Equity Incentive Plan in order to facilitate the grant of equity
incentives to employees (including our named executive officers), directors, independent contractors, merchants, referral partners, channel
partners and employees of the Company’s to enable the Company to attract, retain and motivate employees, directors, merchants, referral
partners and channel partners, which is essential to its long-term success. A total of 2,702,632 shares of common stock were previously
authorized