$VYST

Vystar Corp

CIK:0001308027|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 7,767	$ 11,615	$ 13,914	$ 24,272
Cost of revenue	479	5,233	2,354	13,583
Gross profit	7,288	6,382	11,560	10,689
Operating expenses:
Salaries and commissions	5,721		5,721
Share-based compensation	91,426	164,143	274,812	360,190
Professional fees	45,875	52,774	104,409	152,425
Advertising	1,050	700	2,450	1,567
Rent	11,452	10,248	22,846	20,970
Service charges	195	1,054	967	2,223
Depreciation and amortization	5,449	18,627	20,155	37,254
Other operating	13,007	26,238	23,937	41,432
Total operating expenses	174,175	273,784	455,297	616,061
Loss from operations	(166,887)	(267,402)	(443,737)	(605,372)
Other income (expense):
Interest expense	(134,867)	(159,066)	(222,796)	(279,532)
Loss on settlement of debt, net	76,725		76,725	(79,846)
Total other expense, net	(58,142)	(159,066)	(146,071)	(359,378)
Net loss from continuing operations	(225,029)	(426,468)	(589,808)	(964,750)
Discontinued operations:
Loss from operations	(456)	(456)	(456)	(456)
Net loss	(225,485)	(426,924)	(590,264)	(965,206)
Net loss attributable to noncontrolling interest	192	192	192	192
Net loss attributable to Vystar	$ (225,293)	$ (426,732)	$ (590,072)	$ (965,014)
Basic and diluted loss per share:
Basic Net loss from continuing operations	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.05)
Diluted Net loss from continuing operations	(0.01)	(0.02)	(0.02)	(0.05)
Basic Net loss from discontinued operations	(0.00)	(0.00)	(0.00)	(0.00)
Diluted Net loss from discontinued operations	(0.00)	(0.00)	(0.00)	(0.00)
Net loss attributable to noncontrolling interest	(0.00)	(0.00)	(0.00)	(0.00)
Net loss attributable to common shareholders	$ (0.01)	$ (0.02)	$ (0.02)	$ (0.05)
Basic weighted average number of common shares outstanding	24,621,094	17,743,181	24,621,094	17,572,844
Diluted weighted average number of common shares outstanding	24,621,094	17,743,181	24,621,094	17,572,844

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (590,264)	$ (965,206)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation	274,812	360,190
Depreciation	12,139	21,396
Amortization of intangible assets	8,016	15,858
Amortization of debt discount	163,011	231,228
Expenses paid directly by related party debt	16,585	106,212
(Gain) loss on settlement of debt, net	(76,725)	79,846
(Increase) decrease in assets:
Accounts receivable	(4,239)	18,540
Inventories	796	5,189
Prepaid expenses and other	(8,284)	579
Increase (decrease) in liabilities:
Accounts payable	13,190	(5,162)
Accrued expenses and interest payable	58,868	(9,406)
Net cash used in operating activities	(132,095)	(140,736)
Cash flows from financing activities:
Proceeds from related party advances	6,500
Repayment of related party term debt	(14,470)	(41,527)
Repayment of related party advances	(5,000)	(8,794)
Advances from stock subscription payable	250,000	205,000
Net cash provided by financing activities	237,030	154,679
Net increase in cash	104,935	13,943
Cash - beginning of period	9,664	13,378
Less: cash of discontinued operations	(4,754)	(5,210)
Cash of continuing operations - end of period	109,845	22,111
Cash paid during the period for:
Interest	16,379	63,849
Taxes	456	412
Non-cash transactions:
Derivatives issued as a debt discount	45,521	54,172
Stock subscription payable issued for settlement of debt and accrued interest, net		295,933
Common stock issued for settlement of debt and accrued interest		$ 150,499

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash	$ 109,845	$ 4,454
Accounts receivable	4,577	338
Inventories, net	58,116	58,912
Prepaid expenses and other	313,003	304,719
Assets of discontinued operations	5,145	5,601
Total current assets	490,686	374,024
Property and equipment, net		12,139
Other assets:
Intangible assets, net	58,271	66,287
Total assets	548,957	452,450
Current liabilities:
Accounts payable	1,289,877	1,353,412
Accrued expenses	444,386	428,924
Shareholder, convertible and contingently convertible notes payable and accrued interest - current maturities	32,214	31,434
Derivative liabilities	469,153	423,632
Unearned revenue	44,337	44,337
Liabilities of discontinued operations	530,863	530,863
Total current liabilities	7,674,964	6,988,193
Stockholders’ deficit:
Common stock, $0.0001 par value, 1,500,000,000 shares authorized; 24,621,394 shares issued at June 30, 2026 and December 31, 2025, and 24,621,094 shares outstanding at June 30, 2026 and December 31, 2025	2,462	2,462
Additional paid-in capital	54,876,762	54,876,762
Accumulated deficit	(61,974,955)	(61,384,883)
Common stock in treasury, at cost; 300 shares	(30)	(30)
Total Vystar stockholders’ deficit	(7,095,536)	(6,505,464)
Noncontrolling interest	(30,471)	(30,279)
Total stockholders’ deficit	(7,126,007)	(6,535,743)
Total liabilities and stockholders’ deficit	548,957	452,450
Series A Preferred Stock [Member]
Stockholders’ deficit:
Convertible preferred stock	1	1
Series B Preferred Stock [Member]
Stockholders’ deficit:
Convertible preferred stock	32	32
Series C Preferred Stock [Member]
Stockholders’ deficit:
Convertible preferred stock	192	192
Nonrelated Party [Member]
Current liabilities:
Related party stock subscription payable	2,860,848	2,566,036
Related Party [Member]
Current liabilities:
Stock subscription payable, net of related party	788,648	558,648
Related party debt - current maturities, net of debt discount	1,133,678	971,447
Related party advances	$ 80,960	$ 79,460