Company: APCXW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001683168-25-003561
Chunk: 2

Company: AppTech Payments Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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, for the three months ended March 31, 2025 and 2024, respectively 
     1,965  
     2,481 
  
    Research and development, including stock-based compensation of $0 and $40 thousand, for the three months ended March 31, 2025 and 2024, respectively 
     780  
     644 
  
    Total operating expenses 
     2,745  
     3,125 

    Loss from operations 
     (2,656) 
     (3,031)

    Other income (expenses) 

    Interest expense 
     (33) 
     (3)
  
    Gain on debt extinguishment 
     13  
     – 
  
    Other income (expenses) 
     35  
     (3)
  
    Total other expenses 
     15  
     (6)

    Loss before provision for income taxes 
     (2,641) 
     (3,037)
  
    Provision for income taxes 
     –  
     – 
  
    Net loss 
    $(2,641) 
    $(3,037)
  
    Basic and diluted net loss per common share 
    $(0.08) 
    $(0.13)
  
    Weighted-average number of shares used basic and diluted per share amounts 
     33,287,045  
     22,541,100 

See accompanying notes to the consolidated financial
statements.

 6 

APPTECH PAYMENTS CORP. 

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
EQUITY

FOR THE THREE MONTHS ENDED MARCH 31, 2025
and 2024

(UNAUDITED)

(in thousands, except shares and per share data)

    Series A Preferred  
    Common Stock  
    Additional Paid-in  
    Accumulated  
    Stockholders’ 

    Shares  
    Amount  
    Shares  
    Amount  
    Capital  
    Deficit  
    Equity 
  
    Balance December 31, 2023 
     14  
    $–  
     22,251,742  
    $22  
    $163,921  
    $(159,749) 
    $4,194 
  
    Net loss 
     –  
     –  
     –