VYST on OTC
Vystar Corp
American fabricated rubber products company, incorporated in Georgia1
In its 2026 annual report the company says: “Vystar is the owner and manufacturer of multiple brands of eco-friendly products for the home, office and medical sectors.”3 It is headquartered in Worcester, Massachusetts.1
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Last updated Oct 20, 2026.
Overview
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- TickerVYST on OTC1
- IndustryFabricated Rubber Products, NEC1
- HeadquartersWorcester, Massachusetts1
- Incorporated inGA2
- Business address365 Shrewsbury St., Worcester, Ma 016042
- Filer categoryNon-accelerated filer, Smaller reporting company2
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Massachusetts. Vystar is the owner and manufacturer of multiple brands of eco-friendly products for the home, office and medical sectors.3 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Air Purification Units brought in 85% of the revenue Vystar Corp broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Air Purification Units | $83.2K | $46.5K |
| Royalties and Other | $3.8K | $5.9K |
| Mattresses and Toppers | $48.9K | $2.4K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue42¢$23.0K
- Other costs58¢$31.8K
Out of $54.8K in revenue.4 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $54.8K | $136.0K |
| Cost of revenue | $23.0K | $66.3K |
| Gross profit | $31.8K | $69.6K |
| Salaries and commissions | $451 | $8.8K |
| Share-based compensation | $687.2K | $893.1K |
| Professional fees | $233.0K | $342.5K |
| Advertising | $4.4K | $1.2K |
| Consulting | $180.0K | |
| Rent | $42.3K | $51.3K |
| Service charges | $1.2K | $1.1K |
| Depreciation and amortization | $67.4K | $74.5K |
| Other operating | $56.4K | $34.7K |
| Total operating expenses | $1.1M | $1.6M |
| Loss from operations | -$1.1M | -$1.5M |
| Interest expense | -$404.4K | -$247.6K |
| Gain (loss) on settlement of liabilities, net | -$66.4K | $77.6K |
| Other income | $15.5K | |
| Total other income (expense), net | -$470.9K | -$154.5K |
| Net loss from continuing operations | -$1.5M | -$1.7M |
| Income (loss) from operations | -$456 | $4.2M |
| Net income (loss) | -$1.5M | $2.5M |
| Net (income) loss attributable to noncontrolling interest | $192 | -$1.8M |
| Net income (loss) attributable to Vystar | -$1.5M | $759.5K |
| Basic net loss from continuing operations | -$0 | -$0 |
| Diluted net loss from continuing operations | -$0 | -$0 |
| Basic net income (loss) from discontinued operations | $0 | $0 |
| Diluted net income (loss) from discontinued operations | $0 | $0 |
| Net income (loss) attributable to noncontrolling interest | $0 | $0 |
| Net income (loss) attributable to common shareholders | -$0 | $0 |
| Basic weighted average number of common shares outstanding | 19.6M shares | 13.4M shares |
| Diluted weighted average number of common shares outstanding | 19.6M shares | 13.4M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $4.5K | $7.7K | |
| Accounts receivable, net | $338 | $20.9K | |
| Inventories | $58.9K | $72.2K | |
| Prepaid expenses and other | $304.7K | $300.6K | |
| Assets of discontinued operations | $5.6K | $6.1K | |
| Total current assets | $374.0K | $407.4K | |
| Property and equipment, net | $12.1K | $54.9K | |
| Intangible assets, net | $66.3K | $90.9K | |
| Total assets | $452.4K | $553.3K | |
| Accounts payable | $1.4M | $1.3M | |
| Accrued expenses | $428.9K | $453.1K | |
| Shareholder, convertible and contingently convertible notes payable and accrued interest - current maturities | $31.4K | $381.2K | |
| Derivative liabilities | $423.6K | $301.8K | |
| Unearned revenue | $44.3K | $44.3K | |
| Liabilities of discontinued operations | $530.9K | $530.9K | |
| Total current liabilities | $7.0M | $5.8M | |
| Common stock, $0.0001 par value, 1,500,000,000 shares authorized; 24,621,394 and 17,400,914 shares issued at December 31, 2025 and December 31, 2024, respectively, and 24,621,094 and 17,400,614 shares outstanding at December 31, 2025 and 2024, respectively | $2.5K | $1.7K | |
| Additional paid-in capital | $54.9M | $54.6M | |
| Accumulated deficit | -$61.4M | -$59.9M | |
| Common stock in treasury, at cost; 300 shares | -$30 | -$30 | |
| Total Vystar stockholders deficit | -$6.5M | -$5.3M | |
| Noncontrolling interest | -$30.3K | -$30.1K | |
| Total stockholders deficit | -$6.5M | -$5.3M | -$9.0M |
| Total liabilities and stockholders deficit | $452.4K | $553.3K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 1.5B shares | 1.5B shares | |
| Common stock, shares issued | 24.6M shares | 17.4M shares | |
| Common stock, shares outstanding | 24.6M shares | 17.4M shares | |
| Treasury stock, common, shares | 300 shares | 300 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $4.5K | $7.7K | |
| Accounts receivable, net | $338 | $20.9K | |
| Inventories | $58.9K | $72.2K | |
| Prepaid expenses and other | $304.7K | $300.6K | |
| Assets of discontinued operations | $5.6K | $6.1K | |
| Total current assets | $374.0K | $407.4K | |
| Property and equipment, net | $12.1K | $54.9K | |
| Intangible assets, net | $66.3K | $90.9K | |
| Total assets | $452.4K | $553.3K | |
| Accounts payable | $1.4M | $1.3M | |
| Accrued expenses | $428.9K | $453.1K | |
| Shareholder, convertible and contingently convertible notes payable and accrued interest - current maturities | $31.4K | $381.2K | |
| Derivative liabilities | $423.6K | $301.8K | |
| Unearned revenue | $44.3K | $44.3K | |
| Liabilities of discontinued operations | $530.9K | $530.9K | |
| Total current liabilities | $7.0M | $5.8M | |
| Common stock, $0.0001 par value, 1,500,000,000 shares authorized; 24,621,394 and 17,400,914 shares issued at December 31, 2025 and December 31, 2024, respectively, and 24,621,094 and 17,400,614 shares outstanding at December 31, 2025 and 2024, respectively | $2.5K | $1.7K | |
| Additional paid-in capital | $54.9M | $54.6M | |
| Accumulated deficit | -$61.4M | -$59.9M | |
| Common stock in treasury, at cost; 300 shares | -$30 | -$30 | |
| Total Vystar stockholders deficit | -$6.5M | -$5.3M | |
| Noncontrolling interest | -$30.3K | -$30.1K | |
| Total stockholders deficit | -$6.5M | -$5.3M | -$9.0M |
| Total liabilities and stockholders deficit | $452.4K | $553.3K | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 1.5B shares | 1.5B shares | |
| Common stock, shares issued | 24.6M shares | 17.4M shares | |
| Common stock, shares outstanding | 24.6M shares | 17.4M shares | |
| Treasury stock, common, shares | 300 shares | 300 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | -$1.5M | $2.5M |
| Share-based compensation | $687.2K | $893.1K |
| Depreciation | $42.8K | $42.8K |
| Amortization of intangible assets | $24.7K | $31.7K |
| Amortization of debt discount | $231.3K | $174.8K |
| Unamortized term debt issuance costs | $75.0K | |
| (Gain) loss on settlement of liabilities, net | $79.8K | -$4.3M |
| Gain on sale of property and equipment | -$1.0K | |
| Expenses paid directly by related party debt | $106.5K | $231.1K |
| Expenses paid directly by related party advances | $30.0K | |
| Accounts receivable | $20.6K | -$16.6K |
| Inventories | $13.3K | -$28.4K |
| Prepaid expenses and other | -$4.1K | $47.7K |
| Assets of discontinued operations | $44.9K | |
| Accounts payable | $64.9K | $308.2K |
| Accrued expenses and interest payable | $9.5K | $75.1K |
| Unearned revenue | -$42 | |
| Liabilities of discontinued operations | -$150.4K | |
| Net cash used in operating activities | -$180.4K | -$100.0K |
| Cash flows from discontinued operations | $1.0K | |
| Repayment of related party term debt | -$41.5K | |
| Proceeds from related party advances | $2.0K | |
| Repayment of related party advances | -$8.8K | |
| Advances from stock subscription payable | $208.6K | |
| Proceeds from issuance of common stock | $16.4K | |
| Cash flows from discontinued operations, net | $62.0K | |
| Net cash provided by financing activities | $176.7K | $62.0K |
| Net decrease in cash | -$3.7K | -$37.0K |
| Interest | $64.4K | $358 |
| Taxes | $412 | $1.2K |
| Related party advances converted to term debt | $362.7K | |
| Related party term debt issuance costs | $75.0K | $50.0K |
| Derivatives issued as a debt discount | $121.8K | $301.8K |
| Stock subscription payable issued for settlement of debt and accrued interest | $243.6K | |
| Common stock issued for accrued share-based compensation | $63.8K | $1.2M |
| Common stock issued for settlement of debt and accrued interest | $202.8K | |
| Rotmans lease liabilities reduction from lease derecognition | $4.2M |
No quarter-by-quarter statement was filed.
Corporate structure
Vystar Corp sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Vystar Corp
- Barry Martin Bordetsky Filed SCHEDULE 13G on Vystar Corp, latest Aug 10, 2026
- Vystar Corp Worcester, Massachusetts
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Vystar Corp reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $342.4K4 Dec 31, 2025 | $342.4K4 Dec 31, 2024 | 0% |
| Accumulated depreciation | $330.3K4 Dec 31, 2025 | $287.5K4 Dec 31, 2024 | +14.9% |
| Property and equipment, net | $12.1K4 Dec 31, 2025 | $54.9K4 Dec 31, 2024 | −77.9% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Intangible assets, net (excluding goodwill) | $66.3K4 Dec 31, 2025 | $90.9K4 Dec 31, 2024 | −27.1% |
| Trademarks and trade names (indefinite-lived) | $9.1K4 Dec 31, 2025 | $9.1K4 Dec 31, 2024 | 0% |
| Finite-lived intangibles, gross | $387.3K4 Dec 31, 2025 | $387.3K4 Dec 31, 2024 | 0% |
| Accumulated amortization | $330.1K4 Dec 31, 2025 | $305.4K4 Dec 31, 2024 | +8.1% |
| Finite-lived intangibles, net | $57.2K4 Dec 31, 2025 | $81.9K4 Dec 31, 2024 | −30.1% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $58.9K4 Dec 31, 2025 | $72.2K4 Dec 31, 2024 | −18.4% |
| Finished goods | $443.9K4 Dec 31, 2025 | $455.2K4 Dec 31, 2024 | −2.5% |
Properties, in its own words
Although we believe that our current space is adequate for the foreseeable future, if additional office space is required, we believe that suitable space will be available at market rates.
Item 2 of the 10-K filed Apr 15, 2026.3
Leadership
Who has led Vystar Corp, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerSteven Rotman Dec 27, 2017 to Oct 13, 202112
- ChairJoseph Carmen Allegra Mar 27, 2019 to Mar 27, 201913
- Chief financial officerW. Dean Waters Jan 8, 2014 to Jul 22, 201414
- Chief financial officerMonica A. Schreiber Sep 13, 2012 to Oct 10, 201215
- Chief financial officerJack W. Callicutt Apr 19, 2010 to Mar 16, 201116
- Chief financial officerLinda S. Hammock Aug 10, 2009 to Nov 4, 200917
Board members and other officers (17)
- Chief ExectiveSteven Rotman Oct 1, 2021 to Oct 1, 202118
- Board MemberRanjit K. Matthan Nov 15, 2021 to Aug 15, 202219
- VP, Technical ServicesMatthew P. Clark Aug 10, 2009 to Apr 24, 201220
- Executive VP, Sales/MarketingSandra G. Parker Aug 10, 2009 to Mar 16, 201121
- Board memberJoseph Carmen Allegra Jan 5, 2018 to Jan 5, 201822
- Board memberPaul R. Oristaglio Jun 29, 2018 to Jun 29, 201823
- Board memberSteven Rotman Dec 27, 2017 to Oct 13, 202112
- Board memberKeith D. Osborn Aug 31, 2016 to Apr 2, 201924
- Board memberRanjit K. Matthan May 28, 2015 to Jul 10, 201925
- Board memberJason M. Meggs Dec 11, 2015 to Dec 11, 201526
- Board memberMichael X. Ianacone Sep 25, 2014 to Mar 27, 201927
- Board memberThomas L. Mills Sep 25, 2014 to Sep 25, 201428
- Board memberPaul A. Yeoham Jan 9, 2013 to Jan 9, 201329
- Board memberDale Thomas Marsh Oct 5, 2012 to Oct 5, 201230
- Board memberJ. Douglas Craft Aug 10, 2009 to Oct 22, 201431
- Board memberMichelle (mitsy) Y. Mangum Aug 10, 2009 to Mar 28, 201932
- Board memberW. Dean Waters Aug 10, 2009 to Jan 14, 201333
Timeline
- Aug 6, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares34
- Feb 5, 20258-K Other events35
- Jul 26, 20248-K Executive or director change36
- Jun 28, 20248-K Change of auditor37
- Feb 21, 20248-K Change of auditor38
- Dec 29, 20238-K Executive or director change39
- Dec 12, 20238-K Change of auditor40
- Nov 28, 20238-K Other events41
- Dec 12, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed; Shareholder vote42
- Oct 13, 20228-K Other events43
- Jun 1, 20228-K Executive or director change44
- Dec 27, 2017New chief executive Steven Rotman becomes CEO12
Filings
54 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 11 major events, 9 insider forms, 1 large holders, 13 other. The latest 20:
- Aug 13, 202610-Q EDGAR
- Aug 10, 2026SCHEDULE 13G EDGAR
- Aug 6, 20268-K EDGAR
- May 13, 202610-Q EDGAR
- Apr 15, 202610-K EDGAR
- Mar 30, 2026NT 10-K EDGAR
- Nov 12, 202510-Q EDGAR
- Aug 1, 202510-Q EDGAR
- May 15, 202510-Q EDGAR
- Apr 14, 202510-K EDGAR
- Mar 31, 2025NT 10-K EDGAR
- Feb 5, 20258-K EDGAR
- Nov 13, 202410-Q EDGAR
- Oct 30, 202410-Q EDGAR
- Oct 21, 202410-Q EDGAR
- Sep 6, 202410-K EDGAR
- Aug 14, 2024NT 10-Q EDGAR
- Jul 26, 20248-K EDGAR
- Jun 28, 20248-K EDGAR
- May 15, 2024NT 10-Q EDGAR
The 54 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Barry Martin BordetskySCHEDULE 13G, 1 filing Aug 10, 202645
SEC filer profile
How Vystar Corp is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARVystar Corp1
- CIK0001308027
- Employer ID (EIN)20-20277313
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company3
- Incorporated inGeorgia3
- Fiscal year endsDecember 311
- Industry code (SIC)3060 Fabricated Rubber Products, NEC1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address365 Shrewsbury St., Worcester, MA 016041
- Phone1 (508) 791-91141
- Shares outstanding24,621,094 as of Aug 13, 202611
- Public float$1.7M as of Jun 30, 20253
- AuditorMacias Gini and O’Connell LLP, Los Angeles, California PCAOB ID 3243
- On EDGAR sinceNov 4, 20041
- Filings595 in all: 4 (289), 8-K (84), 10-Q (52), 3 (24), NT 10-Q (23), 10-K (17), NT 10-K (12), 4/A (11)1
All 35 form types
424B3 (10), 8-K/A (8), D (8), 10-Q/A (7), DEF 14A (7), UPLOAD (7), S-1/A (5), ARS (4), CORRESP (4), 10-K/A (3), REGDEX (3), CT ORDER (2), 144 (1), 144/A (1), 8-A12G (1), D/A (1), DEF 14C (1), EFFECT (1), NTN 10K (1), NTN 10Q (1), PRE 14A (1), PRE 14C (1), S-1 (1), SC 13D (1), SC 13G (1), SC 13G/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Apr 15, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Jul 21, 2017
Latest 8-K (8-K) Aug 6, 2026
Risk factors and legal proceedings
The risks Vystar Corp names in Item 1A of its 10-K filed Apr 15, 2026: 19 risks under these headings, as written.3
- Vystar presently does not generate the cash needed to finance its current and anticipated operations.
- We face significant competition from multinational and regional manufacturers.
- We are dependent upon the ability of our third-party producers to meet our requirements.
- Our Vytex operating results could fluctuate and differ considerably from our financial forecasts.
- Our Vytex NRL business is totally dependent on market demand for, and acceptance of, the Vytex Natural Rubber Latex process.
- Our ability to generate significant revenue in the Vytex business is substantially dependent upon the willingness of consumers to make discretionary purchases and the willingness of manufacturers to utilize capital for research and development and the retooling of their manufacturing process, both of which are impacted by the state of the economy.
- The latex market in which we will participate is competitive and if we do not compete effectively, our operating results may be harmed.
- Our Vytex revenue will vary based on fluctuations in commodity prices for NRL.
- While Vytex NRL has received 510(k) clearance from the FDA for condoms and exam gloves, there is no assurance that future applications will be cleared.
- Vytex may seek to have lower protein claims than what is currently on the market today for exam gloves and may ultimately seek to have latex warnings removed from or modified on all FDA-regulated products, but it cannot guarantee that either of such actions will be approved by the FDA.
- Manufacturers are implementing trials of Vytex NRL in their facilities but final data is not yet available from all these manufacturers on its viability for their particular environments.
- Our use of foreign sources of production for a portion of our products exposes us to certain additional risks associated with international operations.
The other 7 risks
- Significant fluctuations in the cost of raw materials could adversely affect our profits.
- Cybersecurity risks could adversely affect the Company’s operating effectiveness and operating results.
- Because our stock price may be volatile due to factors beyond our control, you could lose all or part of your investment.
- If we do not attract and retain highly qualified employees, we may not be able to grow effectively.
- We do not expect to declare any dividends in the foreseeable future.
- There is no assurance that any significant public market for our shares of common stock will develop.
- The utilization of our tax losses could be substantially limited if we experience an ownership change as defined in the Internal Revenue Code.
Legal proceedings
EMA Financial
On February 19, 2019, EMA Financial, Inc. filed a lawsuit in the Southern District of New York against the Company. The lawsuit alleged various breaches of an underlying convertible promissory note and stock purchase agreement and sought four claims for relief: (i) specific performance to enforce a stock conversion and contractual obligations; (ii) breach of contract; (iii) permanent injunction to enforce the stock conversion and contractual obligations; and (iv) legal fees and costs of the litigation. The complaint was filed with a motion seeking: (i) a preliminary injunction seeking an immediate resolution of the case through the stock conversion; (ii) a consolidation of the trial with the preliminary injunctive hearing; and (iii) summary judgment on the first and third claims for relief.
The Company filed an opposition to the motion and upon oral argument the motion for injunctive relief was denied. The Court issued a decision permitting a motion for summary judgment to proceed and permitted the Company the opportunity to supplement its opposition papers together with the plaintiff who was also provided opportunity to submit reply papers. On April 5, 2019, the Company filed the opposition papers as well as a motion to dismiss the first and third causes of action in the complaint. On March 13, 2020, the Court granted the Company’s motion dismissing the first and third claims for relief and denied the motion for summary judgment as moot.
The opening of Item 3, Legal Proceedings.3
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARVystar Corp filings on SEC EDGAR
- 2SEC EDGARVystar Corp filings on SEC EDGAR
- 3
- 4SEC EDGARVystar Corp 10-K for fiscal 2025
- 5SEC EDGARVystar Corp 10-K for fiscal 2019
- 6SEC EDGARVystar Corp 10-K for fiscal 2020
- 7SEC EDGARVystar Corp 10-K for fiscal 2021
- 8SEC EDGARVystar Corp 10-K for fiscal 2022
- 9SEC EDGARVystar Corp 10-K for fiscal 2023
- 10SEC EDGARVystar Corp 10-Q for fiscal 2026
- 11SEC EDGARVystar Corp 10-Q for fiscal 2026
- 12
- 13SEC EDGARJoseph Carmen Allegra, Chair
- 14
- 15
- 16
- 17
- 18SEC EDGARSteven Rotman, Chief Exective
- 19SEC EDGARRanjit K. Matthan, Board Member
- 20
- 21
- 22SEC EDGARJoseph Carmen Allegra, Board member
- 23SEC EDGARPaul R. Oristaglio, Board member
- 24SEC EDGARKeith D. Osborn, Board member
- 25SEC EDGARRanjit K. Matthan, Board member
- 26SEC EDGARJason M. Meggs, Board member
- 27SEC EDGARMichael X. Ianacone, Board member
- 28SEC EDGARThomas L. Mills, Board member
- 29SEC EDGARPaul A. Yeoham, Board member
- 30SEC EDGARDale Thomas Marsh, Board member
- 31SEC EDGARJ. Douglas Craft, Board member
- 32
- 33SEC EDGARW. Dean Waters, Board member
- 34
- 35SEC EDGAROther events
- 36SEC EDGARExecutive or director change
- 37SEC EDGARChange of auditor
- 38SEC EDGARChange of auditor
- 39SEC EDGARExecutive or director change
- 40SEC EDGARChange of auditor
- 41SEC EDGAROther events
- 42
- 43SEC EDGAROther events
- 44SEC EDGARExecutive or director change
- 45