Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 15

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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”) from legally available funds, distributed
pro rata based on their Series A holdings on an as-converted basis. In the event of liquidation or dissolution, Series A stockholders
share ratably in any remaining assets after liabilities are paid, with no liquidation preferences. Each Series A share is convertible
into 82 shares of common stock at the stockholder’s discretion.

     16 

Common Stock

As of June 30, 2025 and December 31, 2024, the Company
was authorized to issue 105,263,158 shares of common stock with a par value of $0.001 per share. The number of shares outstanding was
33,988,934 as of June 30, 2025 and 33,278,934 as of December 31, 2024. Common stockholders are entitled to one vote per share on all matters
submitted to a stockholder vote, without the right to cumulative voting in director elections. They are eligible for dividends, if 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 six months ended June 30, 2025 and 2024,
the Company issued 10,000 and 160,000, 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 $175 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

As of June 30, 2025, $1,350 thousand was collected
as part of the equity receivable with AFIOS Partners, 1,350 thousand warrants were issued with an exercise price of $0.90 and 2