Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 375

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 375
---
 

    Cancellation of stock repurchase liabilities 
    $–  
    $430 
  
    Accrual of the acquisition consideration 
    $–  
    $1,500 
  
    Goodwill from acquisition 
    $–  
    $1,161 
  
    Intangible assets from acquisition 
    $–  
    $4,400 
  
    ROU assets and lease liabilities recognized from the new lease 
    $86  
    $– 
  
    Shares issued for debt conversion 
    $1,126  
    $2,440 
  
    Shares issued for prepaid services 
    $68  
    $– 
  
    Shares issued with notes payable 
    $124  
    $– 
  
    Warrants issued with convertible notes payable 
    $334  
    $– 

See accompanying notes to the consolidated financial
statements.

 29 

APPTECH PAYMENTS CORP. 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

($ in thousands, except per share data)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

AppTech Payments Corp. (“AppTech” or the
“Company”), a Delaware corporation, is a Fintech Company headquartered in Carlsbad, California. AppTech utilizes innovative
payment processing and digital banking technologies to complement its core merchant services capabilities. The Company’s proprietary
software will provide progressive and adaptable products that are available through a suite of synergistic offerings directly to merchants,
banking institutions, and business enterprises.

AppTech has a highly secure digital payments platform
that we acquired and are further developing digital banking products to power commerce experiences for clients and their customers. Based
upon industry standards for payment and banking protocols, we will offer standalone products and fully integrated solutions that deliver
innovative, unparalleled 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 successfully completed its uplisting onto
Nasdaq Capital Market (“NASDAQ”) on January 7, 2022. AppTech trades under the symbol “APCX” and its warrants trade
under the symbol “APCXW”.

In April 2022, the Company acquired HotHand Inc. (“HotHand”),
a patent-holding company. These patents are focused on the delivery, purchase, or request of