Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 44

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 44
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0.78  
     – 
  
    Exercised 
     –  
     –  
     – 
  
    Cancelled 
     (3,087,342) 
     1.60  
     – 
  
    Outstanding as of September 30, 2025 
     5,402,354  
    $0.83  
     7.25 
  
    Outstanding as of September 30, 2025, vested 
     3,977,354  
    $0.88  
     7.45 

The unvested options include a total of 1,425
thousand options contingent upon reaching specified sales milestones.

During the nine months ended September 30, 2025,
the Company recorded $977 thousand in option expenses, which includes the modification expense noted above of $49 thousand.

     17 

The options vest in equal monthly installments
ranging from immediately to 12 months. For the nine months ended September 30, 2025, the fair value of the options were valued using a
Black-Scholes option pricing model with the following assumptions:

    Schedule of fair value assumptions

    Market value of common stock on issuance date
     
    $0.17 - $0.47

    Exercise price
     
    $0.42 - $1.77

    Expected volatility
     
    133.71% - 184.71%

    Expected term (in years)
     
    0.25 - 10.0

    Risk-free interest rate
     
    3.99% - 4.21%

    Expected dividend yields
     
    –

Warrants 

As of September 30, 2025, the Company has 22,281,627
warrants outstanding. The following table summarizes warrant activity:

    Schedule of warrant activity 

    Number of  Warrants  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2024 
     15,906,627  
    $1.76  
     4.25 
  
    Cancelled 
     –  
     –  
     – 
  
    Issued 
     6,375,000  
     1.08  
     – 
  
    Outstanding as of September