Company: APCXW
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002130
Chunk: 958

Company: AppTech Payments Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 12
Chunk 958
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 Schedule of warrant activity 

    Number of  shares  
    Weighted  Average  exercise price  
    Weighted  Average  remaining years 
  
    Outstanding December 31, 2023 
     7,489,960  
    $3.52  
     3.83 
  
    Cancelled 
     –  
    $–  

    Exercised 
     (2,416,667) 
    $0.70  

    Issued 
     10,833,334  
    $0.97  

    Outstanding as of December 31, 2024 
     15,906,627  
    $1.76  
     4.25 

Issuance of New Warrants (Inducement Transaction)

On August 30, 2024, AppTech Payments Corp. entered
a Warrant Inducement Agreement with Armistice Capital Master Fund Ltd., leading to the exercise of 1,666,667 October 2023 warrants at
$0.70 per share, generating $1,167 thousand in gross proceeds ($1,010 thousand net after fees). Concurrently, the exercise price of 1,666,667
February 2023 warrants was reduced from $4.64 to $0.70, increasing their fair value by $350 thousand, and the Company issued 3,333,334
new warrants at $0.70 per share, valued at $2,200 thousand using the Black-Scholes model. There was zero impact to equity as we recorded
both an increase and decrease within Additional Paid-in Capital (APIC) due to the transaction being considered a cost of the capital raise.
The new warrants are exercisable after six months and expire in five and a half years.

Cashless Exercise of Peak One Warrants

Refer to Note 6 - Note Payables.

     44 

AFIOS Partners Warrant Issuance

Refer to Stock Issued as part of an Investment.

NOTE 10 – INCOME TAXES

The
Company’s net deferred tax assets at December 31, 2024 and 2023 was $8,562 thousand and $7,100 thousand, respectively,
which primarily consists of net operating loss carry forwards and various accruals. The Company provided a 100% valuation allowance
against the net deferred tax assets. For the years ended December 31, 2024 and 2023