Vystar Corp 8-K, filed Feb 5, 2025
Vystar Corp (VYST)
About this 8-K
Vystar Corp filed this 8-K on February 5, 2025, reporting on events of December 31, 2024.
Items reported
- Item 8.01: Other events
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01. Other Events.
On October 11, 2022, the Company has previously reported that Murida, dba Rotmans Furniture, began a liquidation sale, which was completed in 2022 and early 2023. Effective December 31, 2024, Vystar transferred and assigned its ownership interest in Rotmans Furniture to a third party for nominal value. As such, the balance sheet and financial statements for the Company, for the year ended 2024, will reflect a decrease in assets of approximately $6,000 and a decrease in liabilities of approximately $4,742,000. Additional financial statement adjustments may result from this assignment.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| VYSTAR CORPORATION | ||
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| Date: February 4, 2025 | By: | /s/ Jamie Rotman |
| Name: | Jamie Rotman | |
| Title: | President/Chief Executive Officer | |
Exhibit Index
Exhibit Number |
Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |