v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Revenue $ 3,196,033 $ 6,216,004 $ 7,035,291 $ 19,084,123
Cost of revenue 1,467,964 2,567,075 3,128,238 8,643,915
Gross profit 1,728,069 3,648,929 3,907,053 10,440,208
Operating expenses:        
Salaries, wages and benefits 785,931 1,575,649 1,694,413 3,524,788
Share-based compensation 338,857 211,423 476,805 416,119
Agent fees 327,007 1,077,567 745,186 2,329,440
Professional fees 133,472 198,778 322,875 218,961
Advertising 314,084 543,475 607,572 1,408,653
Rent 177,184 319,616 360,911 636,231
Service charges 85,072 84,499 192,244 309,015
Depreciation and amortization 150,580 192,372 301,160 384,381
Other operating 507,682 881,072 1,163,296 1,677,485
Total operating expenses 2,819,869 5,084,451 5,864,462 10,905,073
Loss from operations (1,091,800) (1,435,522) (1,957,409) (464,865)
Other income (expense):        
Interest expense (207,177) (177,483) (386,486) (353,330)
Change in fair value of derivative liabilities 1,463,000 215,800 1,520,000 86,800
Gain on settlement of debt, net 230,820 1,428,291 230,820 2,675,926
Other income, net 33,752 42,177 67,704 99,924
Total other income, net 1,520,395 1,508,785 1,432,038 2,509,320
Net income (loss) 428,595 73,263 (525,371) 2,044,455
Net (income) loss attributable to noncontrolling interest 238,084 (209,810) 417,696 (1,262,875)
Net income (loss) attributable to Vystar $ 666,679 $ (136,547) $ (107,675) $ 781,580
Income (loss) per share:        
Basic and diluted $ 0.00 $ (0.00) $ 0.00 $ 0.00
Weighted average number of common shares outstanding:        
Basic and diluted 1,294,125,560 1,264,072,966 1,294,128,985 1,253,245,857