Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 17

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 date.

2)On January 21, 2025, the Company granted 110,000 options to the former CFO with an exercise price of $0.46,
a ten-year expiration term, and a fair value on the grant date of $0.47. The Company recognized $52 thousand related to this grant. The
options were fully vested upon the grant date.

3)On February 21, 2025, the Company granted 200,000 options to the current CFO with an exercise price of
$0.42, a ten-year expiration term, and a fair value on the grant date of $0.41. The Company recognized $85 thousand related to this grant.
The options were fully vested upon the grant date.

4)On June 23, 2025, the Company cancelled all options granted to a former employee and issued him 194,579
options with an exercise price of $1.00, a three-year expiration term, and a fair value on the grant date of $0.17. The Company recognized
$33 thousand related to this grant. The options were fully vested upon the grant date.

The following table summarizes option activity:

    Schedule of option activity 

    Number of  shares  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2024 
     5,446,785  
    $1.29  
     7.15 
  
    Issued 
     2,042,911  
     0.67  
     – 
  
    Exercised 
     –  
     –  
     – 
  
    Cancelled 
     (1,962,079) 
     1.94  
     – 
  
    Outstanding as of June 30, 2025 
     5,527,617  
    $0.83  
     8.57 
  
    Outstanding as of June 30, 2025, vested 
     3,777,617  
    $0.88  
     8.37 

The unvested options include a total of 1,750 thousand
options contingent upon reaching specified sales milestones.

During the six months ended June 30, 2025, the Company
recorded $864 thousand in option expenses, which includes the modification expense noted above of $49 thousand.

The