OTHER CURRENT ASSETS |
12 Months Ended |
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Dec. 31, 2025 | |
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
| OTHER CURRENT ASSETS | NOTE 3 – OTHER CURRENT ASSETS
On December 13, 2024, the Company entered into an agreement with AFIOS Partners (“AFIOS”) for a $5,000 thousand direct investment, including an overage of $1,000 thousand. As part of the arrangement, AFIOS received shares at an average price of $ per share, warrants to purchase our common stock at $ per share and warrants to purchase common stock at $ per share. As of December 31, 2024, $1,350 thousand was receivable related to this agreement, which was fully collected in the first quarter of 2025.
See Note 9 – Notes Payable – Stock Issued as part of an Investment.
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 licensing fee to the software provider. In addition, the banking partner held a $250 thousand note receivable bearing 8% interest with the software provider, while the software provider held an offsetting liability to the banking partner. As part of this arrangement, AppTech assumed the note receivable and offsetting note payable to the software provider and banking partner, respectively. AppTech further paid the accumulated interest to the bank and established an interest receivable from the software provider. The note receivable matures on June 2026, and may be converted early if a financing event occurs. As of December 31, 2025, the accrued interest on the note receivable was $46 thousand.
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