Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 59

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 59
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5,959 thousand, adjusted
for non-cash expenses totaling $1,750 thousand (which includes adjustments for equity-based compensation, depreciation and amortization),
and (ii) changes in operating assets and liabilities of approximately $308 thousand.

 23 

Cash Flow from Investing Activities

There was no cash used by investing activities during
the three months ended June 30, 2025 and 2024.

Cash Flow from Financing Activities

During the six months ended June 30, 2025, net
cash provided by financing activities was $2,350 thousand, which consists of proceeds received on the outstanding equity receivable at
year-end, additional funds related to the Afios investment, and a convertible note executed in June 2025.

During
the six months ended June 30, 2024, net cash provided by financing activities was approximately $2,636 thousand. This amount primarily
consists of $1,800 thousand in net proceeds from the issuance of common shares in our public offering, $700 thousand from the At-The-Market
(ATM) offering, and a $200 thousand loan in June 2024.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition
and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with GAAP. The
preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of
assets, liabilities, revenues and expenses. Significant estimates include those related to the valuation of goodwill impairment and intangible
assets, and equity-based compensation. These estimates are based on historical experience and assumptions believed to be reasonable under
current conditions. It’s important to note that actual results could differ from these estimates.

Critical accounting policies are those that we consider
the most critical to understanding our financial condition and results of operations. The accounting policies we believe to be most critical
to understanding our financial condition and results of operations are discussed below. As of June 30, 2025, there have been no significant
changes to our critical accounting estimates nor to our recently issued accounting pronouncements, except as described in Note 2 to our
consolidated financial statements.

Equity-Based Compensation: We estimate the
fair value of stock options granted using the Black-Scholes option pricing model, which requires input of subjective assumptions. The
model inputs include expected stock price volatility, expected term, risk-free interest rate, and dividend yield. The assumptions about
future stock price volatility and the