Company: APCXW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001683168-25-008326
Chunk: 17

Company: AppTech Payments Corp.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 under the Company’s Equity Incentive Plan. As of September 30, 2025, 1,029,842 shares were cancelled as part of employee
terminations and 1,250 thousand shares were added to the plan as part of the shareholder meeting. In total as of September 30, 2025, 2,788,009
shares are available for issuance.

On January 21, 2025, the Company extended the
expiration term of vested and outstanding stock options to the former CFO. On July 8, 2025, the Company extended the expiration term for
the former Corporate Secretary. The fair value was calculated both on the modification date and prior to the modification. The Company
recorded a total option modification expense of $49 thousand.

     16 

During the nine months ended September 30, 2025,
the Company granted 3,042,911 options to purchase common stock. The grants included:

    1)
    1,538,332 options were awarded to the former and current board of directors. The fair value of these options, which are non-plan with a ten-year expiration term, total $646 thousand. These options have an exercise price ranging from $0.43 to $1.05 per share and a weighted average fair value of $0.42 per share on the issuance 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