Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 636

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 636
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 more likely than not that the assets will not be realized.
Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the fiscal years in which
those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in
tax rates is recognized in the statement of operations in the period that includes the enactment date.

The Company’s income tax returns are based on
calculations and assumptions that are subject to examination by the Internal Revenue Service and other tax authorities. In addition, the
calculation of the Company’s tax liabilities involves dealing with uncertainties in the application of complex tax regulations.
The Company recognizes liabilities for uncertain tax positions based on a two-step process. The first step is to evaluate the tax position
for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be
sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit
as the largest amount that is more than 50% likely of being realized upon settlement. While the Company believes it has appropriate support
for the positions taken on its tax returns, the Company regularly assesses the potential outcomes of examinations by tax authorities in
determining the adequacy of its provision for income taxes. The Company continually assesses the likelihood and amount of potential adjustments
and adjusts the income tax provision, income taxes payable and deferred taxes in the period in which the facts that give rise to a revision
become known. As of December 31, 2024 and 2023, the Company does not believe any provisions are required in connection with uncertain
tax positions.

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Research and Development

Research
and Development (R&D) expenses include internal and outsourced service costs incurred to maintain the FinZeo platform. Per ASC 730,
R&D costs are expensed as incurred. Total R&D expenses for the years ended December 31, 2024, and December 31, 2023, were approximately
$1,977 thousand and $3,498 thousand, respectively.

Per Share Information

Basic net income (loss) per common share is computed
by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the year. Diluted net income
(loss) per common share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding
during the year, increased