Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 679

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9
Chunk 679
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 if events or
circumstances indicate that the fair value of an asset has decreased below its carrying value. Goodwill represents the excess of the purchase
price over the estimated fair values of the net tangible and intangible assets of acquired entities. The Company performs a goodwill impairment
test annually and more frequently if an event or circumstance indicates that impairment may have occurred. Triggering events that may
indicate a potential impairment include, but are not limited to, significant adverse changes in customer demand or business climate and
related competitive considerations. The Company first performs a qualitative assessment to determine whether it is more likely than not
that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more likely than not that the
fair value of a reporting unit is less than its carrying amount, the Company performs a goodwill impairment test to calculate the fair
value of the applicable reporting   unit(s) and compares it
to its carrying amount. We recognize an impairment on any amount of the carrying value over the fair value. If the Company determines
that the implied fair value of a reporting unit is greater than its carrying amount, the goodwill impairment test is not required.
Management performed the analysis and no impairment was deemed necessary. 

Impairment of Long-Lived Assets

Long-lived assets are reviewed for impairment when
there is evidence that events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable.
Recoverability of assets to be held and used is measured by comparing the carrying amount of an asset or asset group to estimated undiscounted
future cash flows expected to be generated by the asset or asset group. If the carrying amount of an asset or asset group exceeds its
estimated future cash flows, an impairment charge is recognized for the amount by which the carrying amount of the asset or asset group
exceeds the estimated fair value of the asset or asset group. Long-lived assets to be disposed of by sale are reported at the lower of
their carrying amounts or their estimated fair values less costs to sell and are not depreciated. During the years ended December 31,
2024 and 2023, there was $0 and $6,131 thousand asset impairment, respectively.

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Leases

The
Company recognizes right -of-use assets and lease liabilities
at the commencement date of the lease based on the present value of remaining fixed and determinable lease payments over the lease
term. The Company calculates the present value of