Company: APCXW
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001683168-25-003561
Chunk: 1

Company: AppTech Payments Corp.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 use liability 
     68  
     68 
  
    Total current liabilities 
     3,188  
     3,440 
  
    Long-term liabilities 

    Right of use liability, net of current portion 
     –  
     18 
  
    Notes payable, net of current portion 
     61  
     61 
  
    Total long-term liabilities 
     61  
     79 
  
    TOTAL LIABILITIES 
     3,249  
     3,519 
  
    Commitments and contingencies (Note 7) 
     –  
     – 
  
    Stockholders’ equity 

    Series A preferred stock; $0.001 par value; 100,000 shares authorized; 14 shares issued and outstanding at March 31, 2025 and December 31, 2024 
     –  
     – 
  
    Common stock, $0.001 par value; 105,263,158 shares authorized; 33,288,934 and 33,278,934 issued and outstanding at March 31, 2025 and December 31, 2024, respectively 
     33  
     33 
  
    Additional paid-in capital 
     174,967  
     174,131 
  
    Accumulated deficit 
     (171,338) 
     (168,697)
  
    Total stockholders’ equity 
     3,662  
     5,467 
  
    TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 
    $6,911  
    $8,986 

See accompanying notes to the consolidated financial
statements.

 5 

APPTECH PAYMENTS CORP. 

CONSOLIDATED STATEMENTS OF OPERATIONS 

FOR THE THREE MONTHS ENDED MARCH 31, 2025
and 2024

(UNAUDITED)

(in thousands, except shares and per share data)

    For the Three Months Ended March 31, 

    2025  
    2024 
  
    Revenues 
    $217  
    $105 
  
    Cost of revenues 
     128  
     11 
  
    Gross profit 
     89  
     94 

    Operating expenses: 

    Selling, general and administrative, including stock-based compensation of $836 thousand and $447 thousand