2024 Q3 Form 10-K Financial Statement

#000149315224035353 Filed on September 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2023 Q4 2023
Revenue $53.09K $19.50K $525.9K
YoY Change -12.02% -83.27% 351.27%
Cost Of Revenue $17.09K $53.10K $141.3K
YoY Change 206.03% -89.49% -72.03%
Gross Profit $36.00K -$33.60K $384.6K
YoY Change -34.26% -91.36% -198.94%
Gross Profit Margin 67.81% -172.31% 73.13%
Selling, General & Admin $889.6K $1.850M
YoY Change -54.92% -6.27%
% of Gross Profit 480.95%
Research & Development $100.0K
YoY Change
% of Gross Profit 26.0%
Depreciation & Amortization $23.02K $62.17K
YoY Change -77.77% -65.21%
% of Gross Profit 16.17%
Operating Expenses $293.8K $848.0K $1.925M
YoY Change -21.34% -59.88% -24.78%
Operating Profit -$257.8K -$881.6K -$1.540M
YoY Change -19.12% -64.77% -47.75%
Interest Expense -$18.98K -$53.42K
YoY Change -101.21% -124.95%
% of Operating Profit
Other Income/Expense, Net $543.3K
YoY Change -209.5%
Pretax Income -$303.9K -$996.7K
YoY Change -91.17% -71.06%
Income Tax
% Of Pretax Income
Net Earnings -$347.8K -$3.371M -$5.244M
YoY Change -48.74% -14.85% 32.48%
Net Earnings / Revenue -654.97% -17284.92% -997.16%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.03 -$0.26 -$0.40
COMMON SHARES
Basic Shares Outstanding 13.29M shares 12.94M shares 12.94M shares
Diluted Shares Outstanding 13.29M shares 12.94M shares

Balance Sheet

Concept 2024 Q3 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.44K $35.44K
YoY Change 188.83% 188.83%
Cash & Equivalents $27.77K $50.35K
Short-Term Investments
Other Short-Term Assets $408.5K $408.5K
YoY Change -88.84% -88.84%
Inventory $78.31K $43.82K $43.82K
Prepaid Expenses
Receivables $11.37K $4.251K $4.250K
Other Receivables $0.00 $0.00
Total Short-Term Assets $425.0K $492.0K $492.0K
YoY Change -59.17% -86.97% -86.97%
LONG-TERM ASSETS
Property, Plant & Equipment $65.63K $97.72K $97.72K
YoY Change -39.36% -30.64% -30.64%
Goodwill
YoY Change
Intangibles $107.9K $131.7K
YoY Change -22.71% -19.4%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $164.5K $220.4K $220.4K
YoY Change -97.17% -97.2% -97.2%
TOTAL ASSETS
Total Short-Term Assets $425.0K $492.0K $492.0K
Total Long-Term Assets $164.5K $220.4K $220.4K
Total Assets $589.5K $712.4K $712.4K
YoY Change -91.41% -93.88% -93.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.232M $1.072M $1.072M
YoY Change -21.73% -21.29% -21.29%
Accrued Expenses $533.1K $450.4K $450.4K
YoY Change 70.36% -34.16% -34.16%
Deferred Revenue $44.34K $44.38K
YoY Change -0.09% -0.22%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $533.3K $533.3K
YoY Change 5.44% 5.44%
Total Short-Term Liabilities $7.719M $5.915M $5.915M
YoY Change 21.87% -13.6% -13.6%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $343.7K $3.838M
YoY Change -93.77% -30.4%
Total Long-Term Liabilities $2.918M $3.838M $3.838M
YoY Change -26.61% -30.4% -30.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.719M $5.915M $5.915M
Total Long-Term Liabilities $2.918M $3.838M $3.838M
Total Liabilities $10.64M $9.753M $7.962M
YoY Change 3.17% -21.1% -41.65%
SHAREHOLDERS EQUITY
Retained Earnings -$61.60M -$61.00M
YoY Change 7.69% 10.11%
Common Stock $1.329K $1.294K
YoY Change 2.7% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $30.00
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity -$8.247M -$7.249M -$7.249M
YoY Change
Total Liabilities & Shareholders Equity $589.5K $712.4K $712.4K
YoY Change -91.41% -93.88% -93.88%

Cashflow Statement

Concept 2024 Q3 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$347.8K -$3.371M -$5.244M
YoY Change -48.74% -14.85% 32.48%
Depreciation, Depletion And Amortization $23.02K $62.17K
YoY Change -77.77% -65.21%
Cash From Operating Activities -$279.2K -$442.7K
YoY Change 132.47% -14.13%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $13.00K $592.5K
YoY Change
Cash From Investing Activities $13.00K $592.5K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.71K -$235.1K
YoY Change -46.63% -147.02%
NET CHANGE
Cash From Operating Activities -279.2K -$442.7K
Cash From Investing Activities 13.00K 592.5K
Cash From Financing Activities 50.71K -$235.1K
Net Change In Cash -215.5K -$85.25K
YoY Change 759.09% 447.28%
FREE CASH FLOW
Cash From Operating Activities -$279.2K -$442.7K
Capital Expenditures
Free Cash Flow
YoY Change

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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12942605 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12942605 shares
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-5900299 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
11072 usd
CY2022 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
1595247 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
85000 usd
CY2022 VYST Stock Issued During Period Value Settlement Of Accounts Payable
StockIssuedDuringPeriodValueSettlementOfAccountsPayable
511428 usd
CY2022 VYST Stock Issued During Period Value Settlement Of Shareholder Notes Payable
StockIssuedDuringPeriodValueSettlementOfShareholderNotesPayable
893617 usd
CY2022 VYST Stock Issued During Period Value Settlement Of Related Party Notes Payable
StockIssuedDuringPeriodValueSettlementOfRelatedPartyNotesPayable
6346564 usd
CY2022 VYST Stock Issued During Period Value Settlement Of Stock Payable
StockIssuedDuringPeriodValueSettlementOfStockPayable
67716 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-4331155 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-720810 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-720810 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-8319395 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9040205 usd
CY2023Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-9040205 usd
CY2023 us-gaap Profit Loss
ProfitLoss
-8319395 usd
CY2022 us-gaap Profit Loss
ProfitLoss
-4331155 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
886980 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
837468 usd
CY2023 us-gaap Depreciation
Depreciation
62169 usd
CY2022 us-gaap Depreciation
Depreciation
178714 usd
CY2023 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
19488 usd
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
26080 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31716 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
345249 usd
CY2023 us-gaap Noncash Contribution Expense
NoncashContributionExpense
285901 usd
CY2022 us-gaap Noncash Contribution Expense
NoncashContributionExpense
267009 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
27083 usd
CY2023 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
5346657 usd
CY2022 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
1835424 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
1778100 usd
CY2023 VYST Gains Losses On Extinguishment Of Debt Including Discontinued Operation
GainsLossesOnExtinguishmentOfDebtIncludingDiscontinuedOperation
947794 usd
CY2022 VYST Gains Losses On Extinguishment Of Debt Including Discontinued Operation
GainsLossesOnExtinguishmentOfDebtIncludingDiscontinuedOperation
-2008267 usd
CY2023 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
226776 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-22080 usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
7096 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-420 usd
CY2023 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-110912 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-363760 usd
CY2023 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
47018 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-76545 usd
CY2023 VYST Increase Decrease In Assets Of Discontinued Operations
IncreaseDecreaseInAssetsOfDiscontinuedOperations
-2859121 usd
CY2022 VYST Increase Decrease In Assets Of Discontinued Operations
IncreaseDecreaseInAssetsOfDiscontinuedOperations
-2341200 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
103570 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
301356 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-36652 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
289374 usd
CY2023 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-100 usd
CY2022 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-34889 usd
CY2023 VYST Increase Decrease In Liabilities Of Discontinued Operations
IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations
-564345 usd
CY2022 VYST Increase Decrease In Liabilities Of Discontinued Operations
IncreaseDecreaseInLiabilitiesOfDiscontinuedOperations
-3291408 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-442662 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-515523 usd
CY2023 us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
592483 usd
CY2023 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
152434 usd
CY2022 us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
266541 usd
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
85000 usd
CY2023 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
-387500 usd
CY2022 us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
148406 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-235066 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
499947 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-85245 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-15576 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135599 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
151175 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50354 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
135599 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14912 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
123325 usd
CY2023Q4 VYST Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operation
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectContinuingOperation
35442 usd
CY2022Q4 VYST Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect Continuing Operation
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffectContinuingOperation
12274 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
25890 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
10874 usd
CY2023 VYST Rotmans Operating Lease Right Of Use Asset And Related Liability
RotmansOperatingLeaseRightOfUseAssetAndRelatedLiability
849534 usd
CY2022 VYST Prepaid Expenses With Preferred Stock
PrepaidExpensesWithPreferredStock
866630 usd
CY2022 VYST Preferred Stock Issued For Settlement Of Related Party Payable
PreferredStockIssuedForSettlementOfRelatedPartyPayable
270000 usd
CY2022 VYST Preferred Stock Issued For Settlement Of Debt And Accrued Interest
PreferredStockIssuedForSettlementOfDebtAndAccruedInterest
893617 usd
CY2022 VYST Preferred Stock Issued For Settlement Of Related Party Debt And Accrued Interest
PreferredStockIssuedForSettlementOfRelatedPartyDebtAndAccruedInterest
6346564 usd
CY2022 VYST Preferred Stock Issued For Stock Subscription Payable
PreferredStockIssuedForStockSubscriptionPayable
67716 usd
CY2022 VYST Preferred Stock Issued For Settlement Of Vendor Payables
PreferredStockIssuedForSettlementOfVendorPayables
866401 usd
CY2022 VYST Rotmans Vendor Payables Paid Directly By Related Party
RotmansVendorPayablesPaidDirectlyByRelatedParty
100000 usd
CY2022 VYST Rotmans Lease Liabilities Arising From Obtaining Rightofuse Assets
RotmansLeaseLiabilitiesArisingFromObtainingRightofuseAssets
325471 usd
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84B_eus-gaap--UseOfEstimates_z14jVoqO8hc7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Significant estimates made by management include, among others, allowance for obsolete inventory, the recoverability of long-lived assets, valuation and impairment of intangible assets, fair values of right of use assets and lease liabilities, valuation of derivative liabilities, share-based compensation and other equity issuances. Although these estimates are based on management’s best knowledge of current events and actions the Company may undertake in the future, actual results could differ from these estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
5450 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
771000 usd
CY2023Q4 us-gaap Other Receivables
OtherReceivables
618000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
559821 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1444330 usd
CY2023Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
516000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
1289597 usd
CY2023Q4 VYST Inventory
Inventory
43821 usd
CY2022Q4 VYST Inventory
Inventory
154733 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
97719 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
140886 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
244684 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
201517 usd
CY2022 VYST Impairment Of Intangible Assets Finitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsFinitelivedExcludingGoodwill
297723 usd
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
147092 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
44479 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
79368 usd
CY2022 VYST Contract With Customer Liability Customer Deposits
ContractWithCustomerLiabilityCustomerDeposits
1042 usd
CY2023 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-100 usd
CY2022 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
-35931 usd
CY2023Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
44379 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
44479 usd
CY2023 VYST Reserves For Estimated Sales Returns
ReservesForEstimatedSalesReturns
14000 usd
CY2022 VYST Reserves For Estimated Sales Returns
ReservesForEstimatedSalesReturns
415000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
100000 usd
CY2023 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
16000 usd
CY2022 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
35000 usd
CY2023 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
greater than 50%
CY2023Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2022Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 usd
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_zDlPjftH1O7c" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Concentration of Credit Risk</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain financial instruments potentially subject the Company to concentrations of credit risk. These financial instruments consist primarily of cash and accounts receivable. Cash held in operating accounts may exceed the Federal Deposit Insurance Corporation, or FDIC, insurance limits. While the Company monitors cash balances in our operating accounts on a regular basis and adjust the balances as appropriate, these balances could be impacted if the underlying financial institutions fail. To date, the Company has experienced no loss or lack of access to our cash; however, the Company can provide no assurances that access to our cash will not be impacted by adverse conditions in the financial markets. Credit concentration risk related to accounts receivable is mitigated as customer credit is checked prior to the sales.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Cash
Cash
35442 usd
CY2023Q4 VYST Working Capital Deficit
WorkingCapitalDeficit
-5400000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-61000000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
342403 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
342403 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
244684 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
201517 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
97719 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
140886 usd
CY2023 us-gaap Depreciation Nonproduction
DepreciationNonproduction
62169 usd
CY2022 us-gaap Depreciation Nonproduction
DepreciationNonproduction
178714 usd
CY2023 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
19002 usd
CY2022 us-gaap Depreciation And Amortization Discontinued Operations
DepreciationAndAmortizationDiscontinuedOperations
135158 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
387284 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
387284 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
273701 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
241985 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
113583 usd
CY2023Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
9072 usd
CY2022Q4 us-gaap Indefinite Lived Trademarks
IndefiniteLivedTrademarks
9072 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
122655 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
154371 usd
CY2023 us-gaap Adjustment For Amortization
AdjustmentForAmortization
31716 usd
CY2022 us-gaap Adjustment For Amortization
AdjustmentForAmortization
345249 usd
CY2022 VYST Amortization Discontinued Operations
AmortizationDiscontinuedOperations
248333 usd
CY2022 VYST Impairment Of Intangible Assets Finitelived Excluding Goodwill
ImpairmentOfIntangibleAssetsFinitelivedExcludingGoodwill
297723 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
31716 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
24652 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16032 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16032 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
13232 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
11919 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
113583 usd
CY2023 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
These leases expired at various dates through 2031 and have monthly base rents which range from $800 to $84,000
CY2023Q4 us-gaap Settlement Liabilities Current
SettlementLiabilitiesCurrent
25000 usd
CY2023 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
5240946 usd
CY2023Q4 us-gaap Contractual Obligation
ContractualObligation
4216000 usd
CY2022 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
666000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
630858 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
1155451 usd
CY2022 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
143937 usd
CY2022 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
28408 usd
CY2023 us-gaap Lease Cost
LeaseCost
630858 usd
CY2022 us-gaap Lease Cost
LeaseCost
1327796 usd
CY2023 us-gaap Sublease Income
SubleaseIncome
185000 usd
CY2022 us-gaap Sublease Income
SubleaseIncome
137000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
942084 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
1054698 usd
CY2022 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
165502 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
320732 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
4739 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y9M18D
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M24D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0715 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0561 pure
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0516 pure
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1228000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1001000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1001000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1001000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
1001000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5232000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
795995 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4436005 usd
CY2023Q4 VYST Shareholder Convertible Notes
ShareholderConvertibleNotes
309500 usd
CY2022Q4 VYST Shareholder Convertible Notes
ShareholderConvertibleNotes
309500 usd
CY2023Q4 us-gaap Interest Payable Current
InterestPayableCurrent
46972 usd
CY2022Q4 us-gaap Interest Payable Current
InterestPayableCurrent
26763 usd
CY2023Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
356472 usd
CY2022Q4 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
336263 usd
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