Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 339

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 3
Chunk 339
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 recognized $349 thousand related to this grant. The options were fully vested upon the grant date.

    3.
    The Company granted 470,000 options to the board of directors and consultants. These options have a ten-year expiration period, with exercise prices ranging from $0.59 to $2.11 per share. The fair value of these options, as determined on the grant date, ranged from $0.51 to $1.78 per share.

    4.
    On July 3, 2024, the Company granted 510,000 options under the equity plan and 1,452,500 options outside of the plan to employees and consultants. These options, which expire ten years from the grant date, have an exercise price 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,