Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 535

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 535
---
 
  
    Long-term liabilities 

    Right of use liability, net of current portion 
     18  
     14 
  
    Notes payable, net of current portion 
     61  
     65 
  
    Total long-term liabilities 
     79  
     79 
  
    TOTAL LIABILITIES 
     3,519  
     4,159 

    Commitments and contingencies (Note 8) 
     –  
     – 

    Stockholders’ equity 

    Series A preferred stock; $0.001 par value; 100,000 shares authorized; 14 shares issued and outstanding at December 31, 2024 and 2023 
     –  
     – 
  
    Common stock, $0.001 par value; 105,263,158 shares authorized; 33,278,934 and 22,251,742 issued and outstanding at December 31, 2024 and 2023, respectively 
     33  
     22 
  
    Additional paid-in capital 
     174,131  
     163,921 
  
    Accumulated deficit 
     (168,697) 
     (159,749)
  
    Total stockholders’ equity 
     5,467  
     4,194 
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $8,986  
    $8,353 

See accompanying notes to the consolidated financial
statements

 26 

APPTECH PAYMENTS CORP. 

CONSOLIDATED STATEMENTS OF OPERATIONS 

($ in thousands, except per share data)

    December 31, 2024  
    December 31, 2023 

    Revenues 
    $276  
    $504 
  
    Cost of revenues 
     52  
     187 
  
    Gross profit 
     224  
     317 

    Operating expenses: 

    General and administrative, including stock-based compensation of $1,254 thousand and $2,494 thousand, for the years ended December 31, 2024 and 2023, respectively 
     7,794  
     9,873 
  
    Impairment of intangible assets 
     –  
     6,131 
  
    Research and development, including stock-based compensation of $138 thousand