v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 15,505 $ 12,274
Accounts receivable 62,334 12,145
Inventories 75,657 91,724
Prepaid expenses and other 650,186 633,769
Assets of discontinued operations 1,337,516 3,026,971
Total current assets 2,141,198 3,776,883
Property and equipment, net 129,996 140,886
Other assets:    
Intangible assets, net 146,442 154,371
Inventories, long-term 63,009
Assets of discontinued operations 6,943,519 7,503,970
Total other assets 7,089,961 7,721,350
Total assets 9,361,155 11,639,119
Current liabilities:    
Accounts payable 1,443,882 1,361,483
Accrued expenses 337,112 684,147
Stock subscription payable 1,794,118 1,655,208
Shareholder, convertible and contingently convertible notes payable and accrued interest - current maturities 340,278 336,263
Unearned revenue 44,379 44,479
Liabilities of discontinued operations 1,638,809 2,328,589
Total current liabilities 6,066,338 6,846,262
Long-term liabilities:    
Liabilities of discontinued operations 5,292,703 5,513,667
Total liabilities 11,359,041 12,359,929
Stockholders’ deficit:    
Common stock, $0.0001 par value, 500,000,000 shares authorized; 12,942,892 shares issued at March 31, 2023 and December 31, 2022, and 12,942,592 shares outstanding at March 31, 2023 and December 31, 2022, respectively 1,294 1,294
Additional paid-in capital 53,361,925 53,361,925
Accumulated deficit (56,135,215) (55,368,868)
Common stock in treasury, at cost; 300 shares (30) (30)
Total Vystar stockholders’ deficit (2,771,796) (2,005,449)
Noncontrolling interest 773,910 1,284,639
Total stockholders’ deficit (1,997,886) (720,810)
Total liabilities and stockholders’ deficit 9,361,155 11,639,119
Series A Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock 1 1
Series B Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock 37 37
Series C Preferred Stock [Member]    
Stockholders’ deficit:    
Convertible preferred stock 192 192
Related Party [Member]    
Current liabilities:    
Current maturities 171,365 169,552
Related party advances $ 296,395 $ 266,541