Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 6

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 6
---

  
    Cash paid for income taxes 
    $–  
    $– 
  
    NON-CASH INVESTING AND FINANCING ACTIVITIES 

    Issuance of stock for prepaid services 
    $–  
    $68 
  
    Non-cash discount on issuance of
    convertible notes payable 
    $170  
    $– 
  
    Common stock issued with convertible note payable 
    $–  
    $96 
  
    Warrants issued with the convertible note payable 
    $–  
    $334 
  
    Assumption of note payable through issuance of note receivable 
    $250  
    $– 
  
    Common stock issued with note payable 
    $–  
    $27 

See accompanying notes to the consolidated financial
statements.

 8 

APPTECH PAYMENTS CORP. 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(in thousands, except per share data)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

AppTech Payments Corp. (“AppTech”
or the “Company”), a Delaware corporation, is a Fintech Company headquartered in Carlsbad, California. AppTech utilizes innovative
payment processing and digital banking technologies to complement its core merchant services capabilities. The Company’s proprietary
software will provide progressive and adaptable products that will be available through a suite of synergistic offerings directly to merchants,
banking institutions, and business enterprises.

AppTech has a highly secure digital payments platform
that we acquired and are further developing digital banking products to power commerce experiences for clients and their customers. Based
upon industry standards for payment and banking protocols, we will offer standalone products and fully integrated solutions that deliver
innovative payments, banking, and financial services experiences. Our processing technologies can be taken off-the-shelf or tapped into
via our RESTful APIs to build fully branded and customizable experiences while supporting tokenized, multi-channel, and multi-method transactions.

The Company was delisted to the middle tier of
the Over-The-Counter Venture Market (“OTCQB”) on May 20, 2025. AppTech trades under the symbol “APCX” and its
warrants trade under the symbol “APCXW”.

In June 2023, the Company entered into licensing
agreements with InstaCash and PayToMe.co. The licensing arrangement with InstaCash was terminated in December 2024.

The shares related to the 7.5% preferred share