Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 415

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 415
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 activities 
    $(1,159) 
    $(500)
  
    Net cash provided by financing activities 
    $8,203  
    $7,178 

Cash Flow from Operating Activities

Net cash used in operating activities during the
year ended December 31, 2024 was approximately $7,457 thousand, which is comprised of (i) our net loss of $8,933
thousand, adjusted for non-cash expenses totaling $2,175 thousand (which includes
adjustments for equity-based compensation, depreciation and amortization), and (ii) is decreased by changes in operating assets and liabilities
of approximately $699 thousand.

Net cash used in operating activities during the year
ended December 31, 2023, was approximately $8,859 thousand, which is comprised of (i) our net loss of $18,512
thousand, adjusted for non-cash expenses totaling $10,306 thousand (which includes
adjustments for equity-based compensation, depreciation and amortization), and (ii) is decreased by changes in operating assets and liabilities
of approximately $653 thousand.

Cash Flow from Investing Activities

Net cash used by investing activities during the
year ended December 31, 2024 was approximately $1,159 thousand. This expenditure was primarily attributable to capitalized software
costs.

Net cash used by investing activities during the year
ended December 31, 2023 was approximately $500 thousand. This expenditure was primarily attributable to an initial payment of $500
thousand related to the acquisition of FinZeo.

Cash Flow from Financing Activities

Net cash provided by financing activities during
the year ended December 31, 2024 was approximately $8,203  thousand, driven by net proceeds received of $6,288  thousand
through the issuance of common shares and warrants in our public offerings, $1,010 thousand proceeds received from exercise of warrants,
and $910 thousand net proceeds received from convertible notes payable.

 16 

Net cash provided by financing activities during
the year ended December 31, 2023 was approximately $7,178 thousand, driven by net proceeds received of $8,933 thousand through the
issuance of common shares and warrants in our public offerings, $33 thousand proceeds received from exercise of stock options
partially offset by repayment of loan and note payables of $1,788 thousand.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition
and results of