other material
confidence high
sentiment neutral
materiality 0.40
Vystar transfers Rotmans Furniture ownership for nominal value; assets down $6K, liabilities down $4.7M
Vystar Corp
- Transferred Rotmans Furniture interest to third party for nominal value, effective Dec 31, 2024.
- Rotmans began liquidation in Oct 2022, completed in early 2023; transfer concludes disposition.
- Balance sheet: assets decrease ~$6,000, liabilities decrease ~$4,742,000.
- Additional financial statement adjustments may follow from this assignment.