Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 35

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 35
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’s performance
and making key decisions regarding resource allocation the CODMs review several key metrics, which include the following:

Key
metrics used in segment reporting

    Three Months Ended June 30, 

    2025  
    2024 

    Revenues 
    $291  
    $76 
  
    Total operating expenses 
    $2,065  
    $2,953 

    Six Months Ended June 30, 

    2025  
    2024 

    Revenues 
    $508  
    $181 
  
    Total operating expenses 
    $4,810  
    $6,079 

The key measures of segment profit or loss reviewed
by our CODMs are revenue and operating expenses. Revenue is monitored by the CODMs to understand the performance of its verticals. Operating
expenses are reviewed and monitored by the CODMs to manage and forecast cash. The CODMs also reviews operating costs to manage, maintain
and enforce all contractual agreements to ensure costs are aligned with all agreements and internal budgets.

New Accounting Pronouncements

The FASB issues Accounting Standards Updates (“ASUs”)
to amend the authoritative literature in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company
believes those ASU’s issued to date either (i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable
to the Company or (iv) are not expected to have a significant impact on the Company.

NOTE 3 – INTANGIBLE ASSETS

Intellectual Property

The Company has two patent portfolios. As of June
30, 2025 and December 31, 2024, the gross value of patents is $407 thousand and accumulated amortization is approximately $407 thousand
and $368 thousand, respectively.

As of June 30, 2025 and December 31, 2024,
the gross value of acquired technology is $4,400 thousand and accumulated amortization is approximately $1,470 thousand and $1,029 thousand,
respectively.

    Schedule of capitalized development cost 

    Intellectual Property 
    June 30, 2025  
    December 31, 2024 
  
    Beginning balance 
    $3,410  
    $4,428 
  
    Acquisition of intangible assets 
     –  
     – 
  
    Amortization expenses 
     (