Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 51

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part II, Item 8
Chunk 51
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    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 nine months ended September 30, 2025,
net cash provided by financing activities was $3,400 thousand, which consists of proceeds received on the outstanding equity receivable
at year-end, additional funds related to the AFIOS investment, and three convertible notes.

During the nine months ended September 30,
2024, net cash provided by financing activities was approximately $4,358 thousand. This amount primarily consists of $2,438 thousand in
net proceeds from the issuance of common shares, $910 thousand from a convertible note, and $1,010 from a warrant exercise.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition
and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with GAAP. The
preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of
assets, liabilities, revenues and expenses. Significant estimates include those related to