Company: APCXW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001683168-25-003561
Chunk: 10

Company: AppTech Payments Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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The Company has two patent portfolios. As of March 31,
2025 and December 31, 2024, the gross value of patents is $407 thousand and accumulated amortization is approximately $401 thousand and
$368 thousand, respectively.

As of March 31, 2025 and December 31,
2024, the gross value of acquired technology is $4,400 thousand and accumulated amortization is approximately $1,250 thousand and $1,029
thousand, respectively.

    Schedule of capitalized development cost 

    Intellectual Property 
    March 31, 2025  
    December 31, 2024 
  
    Beginning balance 
    $3,410  
    $4,428 
  
    Amortization expenses 
     (254) 
     (1,018)
  
    Ending balance 
    $3,156  
    $3,410 

Capitalized Development Cost 

The Company capitalizes certain costs related
to the development of its digital payment and banking platform.

As of March 31, 2025, and December 31, 2024,
the gross value of capitalized development cost is $2,647 thousand and accumulated amortization is approximately $949 thousand and $824
thousand, respectively.

    Schedule of capitalized development cost 

    Capitalized Development Cost 
    March 31, 2025  
    December 31, 2024 
  
    Beginning balance 
    $1,823  
    $1,147 
  
    Additions 
     –  
     1,081 
  
    Amortization expenses 
     (125) 
     (405)
  
    Ending balance 
    $1,698  
    $1,823 

Goodwill

On October 26, 2023, the Company completed the
Purchase of Alliance Partners. The difference between the fair value of the purchase price and the net assets acquired is recorded
as goodwill. As of March 31, 2025, the Company recorded goodwill of approximately $1,161 thousand.

See Note 1 - Purchase of Alliance Partners,
LLC. 

     12 

NOTE 4 – ACCRUED LIABILITIES 

Accrued liabilities as of March 31, 2025
and December 31, 2024 are as follows:

    Schedule of accrued liabilities 

    March 31, 2025  
    December 31, 202