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

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 Partners investment.

Cash and cash equivalents at September 30, 2025
and December 31, 2024 were $439 thousand and $868 thousand, respectively.

Management's Plan to Address Going Concern
Considerations

The Company has experienced recurring operating
losses, primarily due to limited revenues. The Company's current financial conditions and recurring losses raise substantial doubt about
its ability to continue as a going concern.

Management has restructured its operations, reduced
its headcount, and is actively pursuing additional funding options. We are confident that two of its revenue streams will begin generating
revenue in the following twelve months from the issuance date of these financial statements.

Management intends to maintain adequate working
capital and adhere to prudent financial forecasting.

Cash Flows

The following table presents a summary of cash
flows from operating, investing and financing activities for the following comparative periods ($ in thousands).

    Nine Months Ended September 30, 

    2025  
    2024 

    Net cash used in operating activities 
    $(3,829) 
    $(4,968)
  
    Net cash used in investing activities 
    $–  
    $(567)
  
    Net cash provided by financing activities 
    $3,400  
    $4,358 

 22 

Cash Flow from Operating Activities

Net cash used in operating activities during the
nine months ended September 30, 2025, was approximately $3,829 thousand, which is comprised of (i) our net loss of $6,232
thousand, adjusted for non-cash expenses totaling $2,095 thousand (which includes
adjustments for equity-based compensation, depreciation and amortization), and (ii) decreased by changes in operating assets and liabilities
of approximately $308 thousand.

Net cash used in operating activities during the
nine months ended September 30, 2024, was approximately $4,968 thousand, which is comprised of (i) our net loss of $7,984 thousand,
adjusted for non-cash expenses totaling $2,567 thousand (which includes adjustments for equity-based compensation, depreciation and amortization),
and (ii) changes in operating assets and liabilities of approximately $449 thousand.

Cash Flow from Investing Activities

There was no cash used by investing activities
during the nine months ended September 30, 2025. There was $567 thousand used in investing activities during the nine months ended September 30,
2024.

Cash Flow from Financing Activities

During the