Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 19

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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 on the note was $60 thousand. The maturity date of the note is July
23, 2026. The note can be converted early at the lender’s discretion  at
a $2 conversion price. On after April 21, 2026, the note would be converted into shares of common stock at the lower of $2 or 80% of
the volume weighted average price for the preceding 10 trading days. 

On
August  7, 2025, the Company entered a twelve-month unsecured
convertible note agreement with GS Capital Partners, LLC with a principal value of $300 thousand dollars and an interest rate of
10%. The discount on the note was $50 thousand. The maturity date of the note is August 7, 2026, with fixed monthly payments
beginning 180 days after issuance. The note can be converted
early at the lender’s direction  at a $2 conversion
price. In the event of a default, the note would be converted into shares of common stock at the lower of $2 or 80% of the volume
weighted average price for the preceding 10 trading days. 

 19 

Item 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations.

The following discussion and analysis of our financial
condition and results of operations should be read together with the audited consolidated financial statements and related notes included
elsewhere in this report. Certain statements contained in this report, including statements regarding the anticipated development and
expansion of our business, our intent, belief or current expectations, primarily with respect to the future operating performance of our
company and the products and services we expect to offer and other statements contained herein regarding matters that are not historical
facts, are “forward-looking” statements. Our Management’s Discussion and Analysis contains not only statements that
are historical facts, but also forward-looking statements which involve risks, uncertainties, and assumptions. Because forward-looking
statements are inherently subject to risks and uncertainties, our actual results may differ materially from the results discussed in the
forward-looking statements.

Business Overview

The financial services industry is undergoing accelerated
transformation driven by technological innovation and a rapidly evolving regulatory environment surrounding stablecoins and digital assets.
Regulatory clarity around asset-backed stablecoins, custody solutions, and tokenized financial instruments is reshaping how digital financial
services are structured, offered, and consumed. At the same time, advancements in blockchain infrastructure and real-time settlement capabilities
are enabling more seamless, secure,