v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash $ 49,517 $ 12,274
Accounts receivable 13,616 12,145
Inventories 69,860 91,724
Prepaid expenses and other 644,884 633,769
Assets of discontinued operations 751,404 3,026,971
Total current assets 1,529,281 3,776,883
Property and equipment, net 119,106 140,886
Other assets:    
Intangible assets, net 138,513 154,371
Inventories, long-term 63,009
Assets of discontinued operations 6,762,448 7,503,970
Total other assets 6,900,961 7,721,350
Total assets 8,549,348 11,639,119
Current liabilities:    
Accounts payable 1,514,098 1,361,483
Accrued expenses 326,588 684,147
Stock subscription payable 1,901,322 1,655,208
Shareholder, convertible and contingently convertible notes payable and accrued interest - current maturities 344,293 336,263
Unearned revenue 44,379 44,479
Liabilities of discontinued operations 1,394,980 2,328,589
Total current liabilities 5,998,721 6,846,262
Long-term liabilities:    
Liabilities of discontinued operations 5,069,980 5,513,667
Total liabilities 11,068,701 12,359,929
Stockholders’ deficit:    
Convertible preferred stock  
Common stock, $0.0001 par value, 500,000,000 shares authorized; 12,942,892 shares issued at June 30, 2023 and December 31, 2022, and 12,942,592 shares outstanding at June 30, 2023 and December 31, 2022, respectively 1,294 1,294
Additional paid-in capital 53,361,925 53,361,925
Accumulated deficit (56,563,715) (55,368,868)
Common stock in treasury, at cost; 300 shares (30) (30)
Total Vystar stockholders’ deficit (3,200,296) (2,005,449)
Noncontrolling interest 680,943 1,284,639
Total stockholders’ deficit (2,519,353) (720,810)
Total liabilities and stockholders’ deficit 8,549,348 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:    
Related party debt - current maturities 173,177 169,552
Related party advances $ 299,884 $ 266,541