Liquidation: Vystar Corp

Form Type: 8-K

Filing Date: 2025-02-05

Corporate Action: Liquidation

Type: Update

Accession Number: 000149315225004957

Filing Summary: On October 11, 2022, Vystar Corporation reported that 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. This action will lead to a decrease in assets of approximately $6,000 and a decrease in liabilities of about $4,742,000 on the company's balance sheet and financial statements for the year ended 2024. Additional adjustments to the financial statements may occur as a result of this assignment.