Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 1070

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 1070
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489,960 
  
    Options 
     5,446,785  
     2,725,564 
  
    Total 
     21,354,560  
     10,216,672 

Stock Based Compensation

Stock
options are valued using the estimated grant-date fair value method of accounting in accordance with ASC Topic 718, Compensation –
Stock Compensation. Fair value is determined based on the Black-Scholes Model using inputs reflecting our estimates of expected volatility,
term and future dividends. We recognize forfeitures as they occur. The
Company has several consulting agreements that have share-based payment awards based on performance. These agreements typically require
the Company to issue common stock to the consultants on a monthly basis. The Company records the fair market value of the common stock
issuable at each month end when the performance is complete based upon the closing market price of the Company’s common stock.

New Accounting Pronouncements

The FASB issues ASUs to amend the authoritative literature
in ASC. There have been a number of ASUs to date that amend the original text of ASC. The Company believes those issued to date either
(i) provide supplemental guidance, (ii) are technical corrections, (iii) are not applicable to the Company or (iv) are not expected to
have a significant impact on the Company.

NOTE 3 – OTHER CURRENT ASSETS

On December 13, 2024, the Company entered into
an agreement with AFIOS Partners (“AFIOS”) for a $5,000 thousand direct investment. AFIOS receives up to 5,200,000
shares at an average price of $0.96 per share, 5,200,000 warrants to purchase our common stock at $0.90 per share and 7,800,000
warrants to purchase common stock at $1.20 per share.

From
January to March 2025, $1,350 thousand
had been received.

See Note 9 – Notes Payable – Stock Issued
as part of an Investment.

     35 

NOTE 4 – INTANGIBLE ASSETS

Intellectual Property

The
Company has two patent portfolios. As of December 31, 2024
and 2023, we have gross value of patents at $407
thousand. As of December 31, 2024 and 2023, accumulated amortization is
approximately $368
thousand and $232
thousand, respectively.

As