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AppTech Payments Corp. 8-K/A Report: Key Financial Insights & Updates

$APCX
Form 8-K/A
Filed on: 2024-12-17
Source
AppTech Payments Corp. 8-K/A Report: Key Financial Insights & Updates

Based on the provided XML section from a financial report, here are the key extracted details and insights:

  1. Entity Information:
  • Company Name: AppTech Payments Corp.
  • CIK Number: 0001070050
  • Headquarters Address: 5876 Owens Ave Suite 100, Carlsbad, CA 92008
  • Phone Number: 760-707-5959
  • SEC File Number: 001-39158
  • EIN: 65-0847995
  1. Financial Instruments:
  • Common Stock:
    • Par Value: $0.001 per share
    • Ticker Symbol: APCX (listed on NASDAQ)
  • Warrants:
    • Each whole warrant is exercisable for one share of common stock at an exercise price of $4.15
    • Ticker Symbol for Warrants: APCXW (listed on NASDAQ)
  1. Reporting Period:
  • Date of Report: December 13, 2024
  • This report appears to be an 8-K/A filing, indicating an amendment or additional information to a previous 8-K filing.
  1. Contextual Metadata:
  • The filing uses XBRL (eXtensible Business Reporting Language), which is a standardized way of reporting financial data, allowing for easier analysis and comparison.
  • The report is structured with various namespaces indicating compliance with GAAP (Generally Accepted Accounting Principles) and other regulatory standards.
  1. Stock Classifications:
  • Includes explicit member dimensions under the US GAAP classifications, which detail the types of stock and warrants being reported.
  • The report indicates metrics are measured in USD and shares, reflecting the financial values appropriately.

Insights:

  • Warrants and Common Stock: The issuance of warrants at a lower exercise price than the current market price of common stock might indicate potential dilution of existing shares if these warrants are exercised. Investors should monitor this closely.
  • Recent Filing: The amendment (8-K/A) suggests there may have been changes or important updates regarding the financial condition or other corporate events that could affect a stakeholder's investment decision.
  • Compliance and Reporting: The use of XBRL shows the company is adopting modern reporting standards, which enhances transparency and facilitates easier access to financial data for analysts and investors.

This information is crucial for investors seeking to understand the company's financial position and any associated risks or opportunities.