Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
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Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
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 that deliver
innovative payments, banking, and financial services experiences. Our processing technologies can be taken off-the-shelf or tapped into
via our RESTful APIs to build fully branded and customizable experiences while supporting tokenized, multi-channel, and multi-method transactions.

The Company was delisted to the middle tier of the
Over-The-Counter Venture Market (“OTCQB”) on May 20, 2025. AppTech trades under the symbol “APCX” and its warrants
trade under the symbol “APCXW”.

In June 2023, the Company entered into licensing agreements
with InstaCash and PayToMe.co. The licensing arrangement with InstaCash was terminated in December 2024.

The shares related to the 7.5% preferred share equity
stake in PayToMe.co have not been issued as of the date of this filing. Additionally, PayToMe.co was a related party to AppTech. A former
senior member of the Company sits on PayToMe.co's board of directors and AppTech's former Chief Financial Officer is married to its founder
and Chief Executive Officer.

Purchase of Alliance Partners, LLC

On October 13, 2023, the Company entered into a purchase
agreement to acquire 100% of Alliance Partners, LLC, a Nevada based software development limited liability company (“Alliance Partners”).
As consideration for the purchase, the Company agreed to pay the seller total consideration of $2 million in cash and assume certain short-term
and long-term liabilities of Alliance Partners. The primary reason for the Purchase was to acquire Alliance Partners’ intellectual
property, personnel, and software platform, which is now AppTech’s platform “FinZeo”.

The Company closed the Purchase on October 26, 2023.

On October 31, 2023, the Company issued 1 million
shares of its common stock to an entity owned by the seller. In exchange for the shares, the seller waived, cancelled, and forgave the
long-term debt of Alliance Partners.

The remaining outstanding payable related to the original
purchase price as of June 30, 2025 is $1,200 thousand, and the payable is secured by substantially all the Company’s assets.

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Management’s Plan to Address Going Concern
Considerations

The Company has experienced recurring operating losses,
primarily due to limited revenues. The Company's current financial conditions and recurring losses raise substantial doubt about its ability
to continue as a going concern.