Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 870

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 10
Chunk 870
---
1.
    1,000,000 options to a consultant, with vesting contingent upon reaching specified sales milestones. The fair value of these options, which are non-plan with a one-year life, will be recognized as an expense when vesting appears probable. These options have an exercise price of $1.58 per share and a fair value of $0.64 per share on the issuance date. As of December 31, 2024, the Company did not record any stock-based compensation expense as these were not determined to be probable of vesting.

    2.
    On April 4, 2024, the Company granted 351,000 options to current and former employees and consultants with an exercise price of $0.95, a ten-year expiration term, and a fair value on the grant date of $0.86. The Company recognized $349 thousand related to this grant. The options were fully vested upon the grant date.

    3.
    The Company granted 470,000 options to the board of directors and consultants. These options have a ten-year expiration period, with exercise prices ranging from $0.59 to $2.11 per share. The fair value of these options, as determined on the grant date, ranged from $0.51 to $1.78 per share.

    4.
    On July 3, 2024, the Company granted 510,000 options under the equity plan and 1,452,500 options outside of the plan to employees and consultants. These options, which expire ten years from the grant date, have an exercise price of $0.97 per share and a fair value of $0.86 per share on the issuance date. The vesting of these options is contingent upon reaching specified company milestones. The fair value of these options will be recognized as an expense when the vesting becomes probable.

     42 

During the year ended December 31, 2023, options
to purchase 2,263,726 shares of common stock at a weighted average exercise price of $2.11 were granted as compensation
to employees and consultants, of which 1.5 million options were contingent upon the Company reaching specified sales milestones. During
the year ended December 31, 2023, the weighted average grant date fair value of the options issued during the year, excluding the
1.5 million options to the previous management team of FinZeo, is approximately $1.50 per share.

The