Vystar Corp (VYST)

[I ll be back]

Right from the filing today.

The Company’s financial statements are prepared using the accrual method of accounting in accordance with U.S. GAAP and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business.

However, the Company has incurred significant losses and experienced negative cash flow since inception. At June 30, 2021, the Company had cash of $128,585 and a deficit in working capital of approximately $5.5 million.

Further, at June 30, 2021 the accumulated deficit amounted to approximately $47.9 million. We use working capital to finance our ongoing operations, and since those operations do not currently cover all our operating costs, managing working capital is essential to our Company’s future success. Because of this history of losses and financial condition, there is substantial doubt about the Company’s ability to continue as a going concern.

Someone needs to call for another spin-off to create more shares.

Something doesn't smell right with the expense increases in the 20/21 Q2 comparison. The timing of the spin-off is becoming clear.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1308027/000149315221022132/form10-q.htm