---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-044601"
form_type: "8-K"
ticker: "VYST"
cik: "0001308027"
company_name: "Vystar Corp"
filed_at: "2023-12-12T23:59:59+00:00"
generated_at: "2026-06-07T14:01:05.385915+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Auditor Macias Gini & O'Connell resigns from Vystar; going concern doubt continues

## Summary
- MGO resigned effective Dec 6, 2023, citing no recommendation by audit committee or board.
- MGO's prior reports on 2022 and 2021 financials included a going-concern explanatory paragraph.
- Material weakness in internal control over financial reporting existed as of Dec 31, 2022, continuing through Q3 2023.
- No disagreements on accounting principles or practices occurred during the engagement period.

## SEC filing metadata
- accession: 0001493152-23-044601
- form_type: 8-K
- ticker: VYST
- cik: 0001308027
- company_name: Vystar Corp
- filed_at: 2023-12-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 4.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1308027/000149315223044601/0001493152-23-044601-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1308027/000149315223044601/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-044601
- JSON: https://secwatch.observer/filing/0001493152-23-044601.json
- Plain text: https://secwatch.observer/filing/0001493152-23-044601.txt

## Key facts
- Auditor Changes
  Macias Gini & O’Connell LLP resigned as auditor of Vystar Corp.
  - Action: resignation
  - Auditor: Macias Gini & O’Connell LLP
  source text: ecember 6, 2023 the accounting firm of Macias Gini & O’Connell LLP (“MG)”) resigned from rendering further professional services for Vystar Corporation (the “Company”) and determined that it will not stand for re-appointment. MGO’s decision was not the result of a recommendation or approval by any audit committee or the Board of Directors of the Company. MGO’s report on the consolidated financial statements for the fiscal years ended December 31, 2022 and 2021 did not contain an adverse opinion or a disclaimer of opinion, and was not qualified or modified as to uncertainty, audit scope or accounting principles, except that both reports contained an explanatory paragraph indicating that there was substantial doubt about the ability of the Company to continue as a going concern. The circumstances surrounding this disclosure were not alleviated in the Company’s quarterly reports on Form 10-
  evidence_url: https://www.sec.gov/Archives/edgar/data/1308027/000149315223044601/0001493152-23-044601-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.