Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 22

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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facilitates swift technology adoption. By leveraging the FinZeo portal, ISOs/ISVs can streamline operations and foster growth, meeting
the economic demands of their merchants. Through personalized portals, ISOs/ISVs have the flexibility to select and integrate FinZeo payments
and banking services, thereby enhancing their offerings to clients.

FinZeo has a flexible architecture and can be
fully white labeled to allow for rich, personalized payment and banking experiences. This cloud-based platform packages together elements
of AppTech’s intellectual property, BaaS, and PaaS to create a one-hub connection point of multi-tenant portals giving the merchant,
ISO/ISV, and each customer a well-defined user experience.

Recent Developments

The Company has successfully remedied its equity
deficiency; however, it was unable to satisfy the $1.00 minimum bid price requirement for 10 consecutive business days, as mandated by
Nasdaq Listing Rule 5550(a)(2). Consequently, the Company was delisted and transitioned to trading on the OTCQB market. Management remains
committed to enhancing shareholder value and intends to pursue an uplisting to a national exchange before the end of the fiscal year.

On September 3, 2025, AppTech entered into a letter
of intent with Infinitus Pay (“IP”) to acquire 100% of their equity in return for a total package consisting of up to $3,000
thousand, up to 5,000 thousand shares of our common stock, and up to 4,000 thousand warrants The purpose of the acquisition was to enhance
AppTech’s product offerings while acquiring IP’s platform and book of business. The acquisition was completed on October 31,
2025. The purchase price accounting has not been completed, however, it is anticipated to be completed prior to the end of
the allowable measurement period.

Financial Operations Overview

The following discussion sets forth certain components
of our statements of operations as well as factors that impact those items (in thousands, except per share data).

Revenues

Our Revenues. We derive our revenue by
providing financial processing services to businesses.

Expenses

Cost of Revenue. Includes costs directly
attributable to processing and other services the Company provides. These also include related costs such as residual payments to our
business development partners, which are based on a percentage of the net revenue generated from client referrals.

General and administrative. Include salaries,
professional services, software costs, regulatory expenses, stock-based