Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 1040

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 1040
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 of $0.97 per share and a fair value of $0.86 per share on the issuance date. The vesting of these options is contingent upon reaching specified company milestones. The fair value of these options will be recognized as an expense when the vesting becomes probable.

     42 

During the year ended December 31, 2023, options
to purchase 2,263,726 shares of common stock at a weighted average exercise price of $2.11 were granted as compensation
to employees and consultants, of which 1.5 million options were contingent upon the Company reaching specified sales milestones. During
the year ended December 31, 2023, the weighted average grant date fair value of the options issued during the year, excluding the
1.5 million options to the previous management team of FinZeo, is approximately $1.50 per share.

The following table summarizes the stock options activity:

    Schedule of option activity 

    Number of  shares  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2023 
     2,725,564  
    $1.84  
     4.07 
  
    Issued 
     3,838,500  
     1.13  

    Exercised 
     –  
     –  

    Cancelled 
     (1,117,279) 
     2.07  

    Outstanding as of December 31, 2024 
     5,446,785  
    $1.29  
     7.15 
  
    Outstanding as of December 31, 2024, vested 
     1,984,288  
    $1.18  
     7.97 

The
unvested options includes a total of approximately 3,500,000  options
contingent upon reaching specified sales milestones. The remaining expense to be recognized, exclusive of the contingent performance-based
options, is $0 thousand as of December 31, 2024.

During the year ended December 31, 2024, the Company
recorded $1,125 thousand in option expenses, which includes the modification expense of $325 thousand and the company-wide grant of 406,000
options valued at $349 thousand.

The Company recorded $2,600 thousand option expenses
for