Company: APCXW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001683168-25-006148
Chunk: 5

Company: AppTech Payments Corp.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
---
    Net proceeds from sale of common stock 
     700  
     2,438 
  
    Proceeds from equity receivable 
     1,350  
     – 
  
    Proceeds from convertible notes payable 
     300  
     – 
  
    Proceeds from note payable 
     –  
     200 
  
    Repayment of notes payable 
     –  
     (2)
  
    Net cash provided by financing activities 
     2,350  
     2,636 
  
    Changes in cash and cash equivalents 
     (730) 
     (1,265)
  
    Cash and cash equivalents, beginning of period 
     868  
     1,281 
  
    Cash and cash equivalents, end of period 
    $138  
    $16 
  
    Supplemental disclosures of cash flows information: 

    Cash paid for interest 
    $31  
    $2 
  
    Cash paid for income taxes 
    $–  
    $– 
  
    NON-CASH INVESTING AND FINANCING ACTIVITIES 

    Issuance of stock for prepaid services 
    $–  
    $111 
  
    Non-cash discount on issuance 
     60  
     – 
  
    Assumption of note payable through issuance of note receivable 
    $250  
    $– 
  
    Common stock issued with note payable 
    $–  
    $27 

See accompanying notes to the consolidated financial
statements.

 8 

APPTECH PAYMENTS CORP. 

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(in thousands, except per share data)

NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS

AppTech Payments Corp. (“AppTech” or the
“Company”), a Delaware corporation, is a Fintech Company headquartered in Carlsbad, California. AppTech utilizes innovative
payment processing and digital banking technologies to complement its core merchant services capabilities. The Company’s proprietary
software will provide progressive and adaptable products that will be available through a suite of synergistic offerings directly to merchants,
banking institutions, and business enterprises.

AppTech has a highly secure digital payments platform
that we acquired and are further developing digital banking products to power commerce experiences for clients and their customers. Based
upon industry standards for payment and banking protocols, we will offer standalone products and fully integrated solutions