Company: APCXW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001683168-25-003561
Chunk: 36

Company: AppTech Payments Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part II, Item 8
Chunk 36
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     –  
     – 
  
    Cancelled 
     (1,000,000) 
     1.58  
     – 
  
    Outstanding as of March 31, 2025 
     6,295,117  
    $1.05  
     8.89 
  
    Outstanding as of March 31, 2025, vested 
     3,832,620  
    $0.89  
     8.74 

The
unvested options include a total of 2.5 million options contingent upon reaching specified sales milestones.

During
the three months ended March 31, 2025, the Company recorded $832 thousand in option expenses, which includes the modification expense
noted above of $49 thousand.

The
options vest in equal monthly installments ranging from immediately to 12 months. For the three months ended March 31, 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

    $0.42 - $0.47

    Exercise price

    $0.42 - $1.05

    Expected volatility

    136.2% - 137.4%

    Expected term (in years)

    10.0

    Risk-free interest rate

    4.13% - 4.21%

    Expected dividend yields

    –

     15 

Warrants 

As of March 31, 2025, the Company has 19,281,627
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 
     3,375,000  
     1.08  
     – 
  
    Outstanding as of March 31, 2025 
     19,281,627  
    $1.64  
     4.17 

NOTE 9 –