NOTE 9 – SUBSEQUENT EVENTS

As of the filing of this report, the Company has not received a final notice from The Nasdaq Stock Market LLC ("Nasdaq") regarding the delisting of the Company's Common Stock (APCX) and Warrants (APCXW) from Nasdaq’s exchange for its failure to comply with Nasdaq's continued listing standards. The Company was not able to overcome the minimum $1 bid price for ten consecutive business days as required by Nasdaq Listing Rule 5550(a)(2). Preemptively, we have applied for and have been accepted onto the Over-The-Counter Venture Market (“OTCQB”). APCX and APCXW will trade on the OTCQB market under the same symbols and the Company will remain a reporting entity under the Securities Exchange Act of 1934. It is management’s intention to apply to a national exchange before the end of the fiscal year.

On April 11, 2025, the Company entered a three-party agreement with one of its banking partners and software providers. Under the terms of the arrangement, AppTech agreed to pay a $103 thousand perpetual licensing fee (payable in six equal monthly installments) to the software provider. In addition, we assumed a convertible note from the bank that entitles us to an equity stake in the software provider. The $250 thousand note earns interest at 8% annually matures in June 2026, and converts to equity automatically at maturity or if there is a financing event.

See Note 7 – Commitments and Contingencies for an update on the payments related to the former employee’s lawsuit.

See Note 8 – Stockholders’ Equity for additional subsequent event related to the $500 thousand equity receivable received.