Vystar Corp (VYST)

[Thai5533]

Management also spent considerable time and resources strengthening the balance sheet. During the nine months ended September 30, 2018, we converted approximately $1,030,000 of convertible notes and accrued interest to common stock. For the nine months ended September 30, 2018 cash increased from $13,502 to $191,192, inventories went from $0 to $432,456, total current assets increased from $183,556 to $867,715. Management was successful with the help of major shareholders in converting $1.5 million in debt from short term to long term. For the three months ended September 30, 2018, revenues increased 3373% and gross profits were up 637%. G & A and net loss grew due to the increase in consultants and costs associated with the acquisitions and product development.