SCHEDULE 13D

CUSIP No.

159765106

1

Name of reporting person

Riverstyx Capital Management LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 307,615.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 307,615.00

11

Aggregate amount beneficially owned by each reporting person

307,615.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

13

Percent of class represented by amount in Row (11)

9.9 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No.

159765106

1

Name of reporting person

The Riverstyx Fund, LP

2

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 307,615.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 307,615.00

11

Aggregate amount beneficially owned by each reporting person

307,615.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

13

Percent of class represented by amount in Row (11)

9.9 %

14

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13D

CUSIP No.

159765106

1

Name of reporting person

Riverstyx Fund GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 307,615.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 307,615.00

11

Aggregate amount beneficially owned by each reporting person

307,615.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

13

Percent of class represented by amount in Row (11)

9.9 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP No.

159765106

1

Name of reporting person

Ben Franklin

2

Check the appropriate box if a member of a Group (See Instructions)

(a)

(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

Checkbox not checked

6

Citizenship or place of organization

FLORIDA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 307,615.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 307,615.00

11

Aggregate amount beneficially owned by each reporting person

307,615.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

Checkbox not checked

13

Percent of class represented by amount in Row (11)

9.9 %

14

Type of Reporting Person (See Instructions)

HC, IN

SCHEDULE 13D

Item 1.

Security and Issuer

(a)

Title of Class of Securities:

Common Stock

(b)

Name of Issuer:

CHARLES & COLVARD LTD

(c)

Address of Issuer's Principal Executive Offices:

170 SOUTHPORT DRIVE, 170 SOUTHPORT DRIVE, MORRISVILLE, NORTH CAROLINA , 27560.

Item 3.

Source and Amount of Funds or Other Consideration

All shares of Common Stock reported herein were purchased by the Riverstyx Fund, LP between May 2023 and September 15, 2024 and were purchased with the Riverstyx Fund LP's working capital. The total purchase price for the Common Stock Reported herein was approximately $1,097,749.

Item 5.

Interest in Securities of the Issuer

(a)

As of September 16, 2024, (i) the Riverstyx Fund, LP may be deemed to beneficially own 307,615 shares of Common Stock, which represents 9.86% of the outstanding Common Stock; Riverstyx Fund GP, LLC may be deemed to beneficially own 307,615 shares of Common Stock, which represents 9.86% of the outstanding Common Stock; Riverstyx Capital Management, LLC may be deemed to beneficially own 307,615 shares of Common Stock, which represents 9.86% of the outstanding Common Stock; Ben Franklin may be deemed to beneficially own 307,615 shares of Common Stock, which represents 9.86% of the outstanding Common Stock

(b)

The Riverstyx Fund, LP, the Riverstyx Fund GP, LLC, Riverstyx Capital Management, LLC, and Ben Franklin all have 0 shares of Sole Voting Power, 307,615 shares of Shared Voting Power, 0 shares of Sole Dispositive Power, and 307,615 shares of Shared Dispositive Power.

(c)

The following transactions in shares of Common Stock of the Issuer were effected within 60 days before the filing of this Amendment or since the most recent filing of Schedule 13D, whichever is less: 1. Date 2. Effected By 3. Quantity 4. Price Per Share 9/3/2024 Riverstyx Fund, LP 7,906 1.6184 9/4/2024 Riverstyx Fund, LP 6,000 1.6405 9/5/2024 Riverstyx Fund, LP 925 1.6543 9/6/2024 Riverstyx Fund, LP 1,000 1.6900 9/9/2024 Riverstyx Fund, LP 4,508 1.6923 9/10/2024 Riverstyx Fund, LP 5,106 1.7566 9/11/2024 Riverstyx Fund, LP 3,150 1.7997 9/12/2024 Riverstyx Fund, LP 7,381 1.8084 9/13/2024 Riverstyx Fund, LP 300 1.8181

(d)

No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the Common Stock.

(e)

Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Riverstyx Capital Management LLC

Signature:	Ben Franklin
Name/Title:	Manager of its GP
Date:	09/16/2024

The Riverstyx Fund, LP

Signature:	Ben Franklin
Name/Title:	Manager
Date:	09/16/2024

Riverstyx Fund GP, LLC

Signature:	Ben Franklin
Name/Title:	Manager
Date:	09/16/2024

Ben Franklin

Signature:	Ben Franklin
Name/Title:	Ben Franklin
Date:	09/16/2024