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

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

58.0%Gross margin4
-1934.6%Operating margin4
-2793.9%Net margin4
-59.7%Revenue growth, 20254

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.

  1. Air Purification Units$46.5K485%down 44% from 2024
  2. Royalties and Other$5.9K411%up 56% from 2024
  3. Mattresses and Toppers$2.4K44%down 95% from 2024
Products and services by year
Products and services20242025
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

Revenue567894$54.8K in 2025−100% since 2019
0$10.0M$20.0M$30.0M2019: $13.7M$13.7M20192020: $21.0M$21.0M2020+53%2021: $1.7M$1.7M2021−92%2022: $116.5K$116.5K2022−93%2023: $525.9K$525.9K2023+351%2024: $136.0K$136.0K2024−74%2025: $54.8K$54.8K2025−60%
Gross profit567894$31.8K in 2025−99% since 2019
-$5.0M0$5.0M$10.0M$15.0M2019: $6.4M$6.4M20192020: $11.0M$11.0M2020+73%2021: -$241.9K-$241.9K20212022: -$388.7K-$388.7K2022+61%2023: $384.6K$384.6K20232024: $69.6K$69.6K2024−82%2025: $31.8K$31.8K2025−54%
Operating income567894-$1.1M in 2025−79% since 2019
-$6.0M-$4.0M-$2.0M02019: -$4.9M-$4.9M20192020: -$4.8M-$4.8M2020−2%2021: -$3.8M-$3.8M2021−22%2022: -$2.9M-$2.9M2022−22%2023: -$1.5M-$1.5M2023−48%2024: -$1.5M-$1.5M2024−1%2025: -$1.1M-$1.1M2025−30%
Net income567894-$1.5M in 2025−80% since 2019
-$10.0M-$7.5M-$5.0M-$2.5M0$2.5M2019: -$7.7M-$7.7M20192020: -$7.6M-$7.6M2020−1%2021: -$2.7M-$2.7M2021−65%2022: -$4.0M-$4.0M2022+47%2023: -$5.2M-$5.2M2023+32%2024: $759.5K$759.5K20242025: -$1.5M-$1.5M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
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 outstanding19.6M shares13.4M shares
Diluted weighted average number of common shares outstanding19.6M shares13.4M shares

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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

ItemLatestA year beforeChange
Property and equipment, before depreciation$342.4K4 Dec 31, 2025$342.4K4 Dec 31, 20240%
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

ItemLatestA year beforeChange
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, 20240%
Finite-lived intangibles, gross$387.3K4 Dec 31, 2025$387.3K4 Dec 31, 20240%
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

ItemLatestA year beforeChange
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.

Board members and other officers (17)

Timeline

  1. Aug 6, 20268-K Entered a material agreement; Completed an acquisition or sale; Unregistered sale of shares34
  2. Feb 5, 20258-K Other events35
  3. Jul 26, 20248-K Executive or director change36
  4. Jun 28, 20248-K Change of auditor37
  5. Feb 21, 20248-K Change of auditor38
  6. Dec 29, 20238-K Executive or director change39
  7. Dec 12, 20238-K Change of auditor40
  8. Nov 28, 20238-K Other events41
  9. Dec 12, 20228-K Change to shareholders' rights; Bylaws or fiscal year changed; Shareholder vote42
  10. Oct 13, 20228-K Other events43
  11. Jun 1, 20228-K Executive or director change44
  12. 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:

  1. Aug 13, 202610-Q EDGAR
  2. Aug 10, 2026SCHEDULE 13G EDGAR
  3. Aug 6, 20268-K EDGAR
  4. May 13, 202610-Q EDGAR
  5. Apr 15, 202610-K EDGAR
  6. Mar 30, 2026NT 10-K EDGAR
  7. Nov 12, 202510-Q EDGAR
  8. Aug 1, 202510-Q EDGAR
  9. May 15, 202510-Q EDGAR
  10. Apr 14, 202510-K EDGAR
  11. Mar 31, 2025NT 10-K EDGAR
  12. Feb 5, 20258-K EDGAR
  13. Nov 13, 202410-Q EDGAR
  14. Oct 30, 202410-Q EDGAR
  15. Oct 21, 202410-Q EDGAR
  16. Sep 6, 202410-K EDGAR
  17. Aug 14, 2024NT 10-Q EDGAR
  18. Jul 26, 20248-K EDGAR
  19. Jun 28, 20248-K EDGAR
  20. 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

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