Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 41

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part II, Item 8
Chunk 41
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 extended the expiration
term of vested and outstanding stock options to the former CFO. The fair value was calculated both on the modification date and prior
to the modification. The Company recorded an option modification expense of $49 thousand.

During the six months ended June 30, 2025, the Company
granted 2,042,911 options to purchase common stock. The grants included:

1)1,538,332 options were awarded to the former and current board of directors. The fair value of these options,
which are non-plan with a ten-year expiration term, total $646 thousand. These options have an exercise price ranging from $0.43 to $1.05
per share and a weighted average fair value of $0.42 per share on the issuance date.

2)On January 21, 2025, the Company granted 110,000 options to the former CFO with an exercise price of $0.46,
a ten-year expiration term, and a fair value on the grant date of $0.47. The Company recognized $52 thousand related to this grant. The
options were fully vested upon the grant date.

3)On February 21, 2025, the Company granted 200,000 options to the current CFO with an exercise price of
$0.42, a ten-year expiration term, and a fair value on the grant date of $0.41. The Company recognized $85 thousand related to this grant.
The options were fully vested upon the grant date.

4)On June 23, 2025, the Company cancelled all options granted to a former employee and issued him 194,579
options with an exercise price of $1.00, a three-year expiration term, and a fair value on the grant date of $0.17. The Company recognized
$33 thousand related to this grant. The options were fully vested upon the grant date.

The following table summarizes option activity:

    Schedule of option activity 

    Number of  shares  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2024 
     5,446,785  
    $1.29  
     7.15 
  
    Issued 
     2,042,911  
     0.67  
     – 
  
    Exercised 
     –  
     –  
     – 
  
    Cancel