v3.26.1
OTHER CURRENT ASSETS
6 Months Ended
Jun. 30, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
OTHER CURRENT ASSETS

NOTE 3 – OTHER CURRENT ASSETS

 

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 licensing fee to the software provider. In addition, the banking partner held a $250 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, which became due in June 2026. As of June 30, 2026, the accrued interest on the note receivable was $56. Management expects to collect the principal and interest for the note receivable in August 2026.

 

Regarding the note payable owed to our banking partner, we are finalizing an agreement that amends the repayment terms to provide for five monthly payments of $50 beginning in August 2026. The amendment reflecting the revised payment terms is pending execution.