Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 426

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 426
---
ulated deficit 
     (168,697) 
     (159,749)
  
    Total stockholders’ equity 
     5,467  
     4,194 
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $8,986  
    $8,353 

See accompanying notes to the consolidated financial
statements

 26 

APPTECH PAYMENTS CORP. 

CONSOLIDATED STATEMENTS OF OPERATIONS 

($ in thousands, except per share data)

    December 31, 2024  
    December 31, 2023 

    Revenues 
    $276  
    $504 
  
    Cost of revenues 
     52  
     187 
  
    Gross profit 
     224  
     317 

    Operating expenses: 

    General and administrative, including stock-based compensation of $1,254 thousand and $2,494 thousand, for the years ended December 31, 2024 and 2023, respectively 
     7,794  
     9,873 
  
    Impairment of intangible assets 
     –  
     6,131 
  
    Research and development, including stock-based compensation of $138 thousand and
    $982 thousand, for the years ended December 31, 2024 and 2023, respectively 
     1,977  
     3,498 
  
    Total operating expenses 
     9,771  
     19,502 

    Loss from operations 
     (9,547) 
     (19,185)

    Other income (expenses) 

    Interest expense 
     (646) 
     (52)
  
    Change in fair value of derivative liability 
     –  
     27 
  
    Gain (loss) on debt extinguishment 
     1,245  
     (17)
  
    Other income (expenses) 
     15  
     715 
  
    Total other expenses 
     614  
     673 

    Loss before provision for income taxes 
     (8,933) 
     (18,512)

    Provision for income taxes 
     –  
     – 

    Net loss 
    $(8,933) 
    $(18,512)
  
    Deemed dividend related to warrant resets 
     (