Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 40

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 40
---
 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 2,025 thousand
warrants were issued with an exercise price of $1.20. An additional $500 thousand was received in May 2025 and $200 thousand in June 2025.
As part of its investment, AFIOS Partners received 700 thousand shares of restricted stock, 700 thousand warrants with an exercise price
of $0.90, and 1,050 thousand warrants with an exercise price of $1.20.

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 under the Company’s Equity Incentive Plan. As of June 30, 2025, 279,579
shares were cancelled as part of employee terminations and 1,250
thousand shares were added to the plan as part of the shareholder meeting. In total as of June 30, 2025, 2,037,746
shares are available for issuance.

     17 

On January 21, 2025, the Company