AppTech Payments Corp. reported strong top-line growth but continued losses for the quarter and six months ended June 30, 2026. Revenue rose to $1.66M for the quarter and $3.11M year‑to‑date, driven mainly by the Infinitus Pay platform and higher merchant processing, partially offset by disruption in its Banking‑as‑a‑Service offering.
Despite higher gross profit, operating expenses of $5.43M for the first half and higher interest and debt‑related costs led to a six‑month net loss of $4.32M. Cash was $183k and total assets $8.94M, against total liabilities of $9.37M, resulting in a stockholders’ equity deficit of $(0.43)M. Management discloses substantial doubt about the company’s ability to continue as a going concern and is relying on convertible notes, related‑party financing and a revenue participation agreement for liquidity.
The Infinitus Pay acquisition added goodwill and identifiable intangibles and includes up to $1.0M of contingent consideration. AppTech also has a high level of equity overhang with 6.95M options and 29.78M warrants outstanding. Management identified a material weakness in internal control over financial reporting related to insufficient formal financial reporting policies and post‑close adjustments.
AppTech Payments Corp. director Albert L. Lord, through the Suzanne D. Lord 2025 Spousal Estate Reduction Trust, reported three open-market purchases of AppTech common stock on August 10–12, 2026 totaling 60,000 shares at weighted average prices between $0.3600 and $0.3900 per share, reported as indirect ownership. The Rule 10b5-1 trading-plan checkbox was not marked as applicable.
AppTech Payments Corp. director Albert L. Lord reported three purchases of Common Stock totaling 60,000 shares on August 5–7, 2026. The shares were acquired indirectly through the Suzanne D. Lord 2025 Spousal Estate Reduction Trust at weighted-average prices in ranges between $0.3850 and $0.4000 per share.
AppTech Payments Corp. director Albert L. Lord, through the Suzanne D. Lord 2025 Spousal Estate Reduction Trust, reported purchasing a total of 40,000 shares of common stock in open-market or private transactions at about $0.29 per share. One purchase used a weighted-average price between $0.2750 and $0.2991. The filing indicates the trades were not under a Rule 10b5-1 plan.
AppTech Payments Corp. director Albert L. Lord reported two indirect purchases of common stock through the Suzanne D. Lord 2025 Spousal Estate Reduction Trust. The trust acquired a total of 40,000 shares in open-market or private transactions on July 31 and August 3, 2026, including weighted-average purchases priced between $0.2750 and $0.2991 per share.
AppTech Payments Corp. entered into a $500,000 Promissory Note with the Suzanne D. Lord Spousal Estate Reduction Trust for short-term working capital and general corporate purposes. The note bears 9.0% annual interest, matures ninety days from issuance, and requires no principal or interest payments before maturity.
AppTech may prepay the note at any time without premium or penalty, provided accrued interest is paid, and the agreement includes customary events of default that allow the lender to accelerate all amounts due. Because the lender’s trustee is the company’s board chairman, the loan is treated as a related person transaction and was approved under the company’s related person transaction policies.
AppTech Payments Corp. reported a leadership change. On July 1, 2026, the company released Thomas J. DeRosa from his roles as President and Chief Executive Officer, effective immediately, though he remains on the Board of Directors. The Board appointed Felipe A. Corrado IV, age 47, as Interim Chief Executive Officer while he continues to serve as Chief Financial Officer and Treasurer. Corrado has served as CFO since December 2024 and previously worked as a management consultant to the company and in various financial, advisory, and audit roles at major firms. In connection with his expanded role, his compensation was set at $300,000.
AppTech Payments Corp. entered into a short-term $500,000 promissory note with the Suzanne D. Lord Spousal Estate Reduction Trust on June 26, 2026 to provide working capital and fund general corporate purposes. The note carries a 9.0% annual interest rate and matures in 90 days, with no principal or interest payments required before maturity and no prepayment penalty if accrued interest is paid at the time of prepayment.
The note includes customary default protections for the lender, such as acceleration of all principal and interest upon non-payment at maturity, bankruptcy, insolvency, or certain uncured material breaches. Because the lender trust is associated with the Board’s Chairman, Albert L. Lord, Jr., the company classifies this as a related person transaction and states that its Board approved the arrangement under its related person transaction policies.
AppTech Payments Corp. director Albert L. Lord reported an open-market purchase of the company’s common stock. On June 8, 2026, he bought 17,120 shares at a price of $0.50 per share. Following this transaction, his direct holdings total 3,527,120 common shares.
AppTech Payments Corp. director Albert L. Lord reported buying a total of 210,000 shares of common stock in open-market transactions over three consecutive days. The purchases occurred on June 2, 3, and 4, 2026 at weighted average prices around $0.39–$0.49 per share, based on multiple trades in stated price ranges. Following these transactions, he directly owns 3,510,000 AppTech shares. The filing notes that detailed trade-by-trade pricing within each range is available upon request.