secwatch.observer — SEC 8-K summary
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Issuer:     AppTech Payments Corp. (APCX)
CIK:        0001070050
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001575705-22-000311
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AppTech Payments Q1 revenue $104K (+3% YoY); cash $10.3M; acquires Hothand Inc.
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- Q1 2022 revenue ~$104K, up 3% YoY from residual payouts.
- Cash $10.3M at March 31, 2022, after $13.4M net offering.
- Definitive agreement to acquire Hothand Inc., adding patents; total 16 patents.
- Uplisted to Nasdaq on Jan 7, 2022; platform development and hiring ongoing.
- CEO expects platform launch in 2022; patents cited by industry leaders.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070050/000157570522000311/0001575705-22-000311-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070050/000157570522000311/apcx_8k.htm
  HTML page:      https://secwatch.observer/filing/0001575705-22-000311

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer