RELATED PARTY TRANSACTIONS	12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 12 - RELATED PARTY TRANSACTIONS Officers and Directors Per Steven Rotman’s Employment agreement dated July 22, 2019, as amended, he is to be paid $125,000 per year in cash, $10,417 per month in shares based on a 20-day average price at a 50% discount to market, $5,000 per month in cash for expenses, as well as access to a Company provided vehicle and health and life insurance. During the year ended December 31, 2022, Vystar and Rotmans expensed approximately $417,000 related to this employment agreement. In addition, Vystar issued 1,330,066 shares of Series C Preferred Stock for the settlement of debt totaling $3,552,321. A loss of $1,900,950 was recognized on the issuance and is included in other expenses for 2022. As of December 31, 2022, Vystar had a stock subscription payable balance of $619,084, or approximately 920,000 shares to be issued in the future and $183,155 of reimbursable expenses payable and $116,403 of unpaid salary. The Board of Directors authorized their board fees for 2021 be paid in common stock of Vystar. Included in stock subscription payable at December 31, 2022 and 2021 is 100,000 shares valued at $291,000, of which 20,000 shares valued at $58,200 is included in Steven Rotman’s balance above. Blue Oar Consulting, Inc. This entity is owned by Gregory Rotman, who is the son of the Company’s CEO, Steven Rotman. Blue Oar provides business consulting services to Vystar. In exchange for such services, Vystar has entered into a consulting agreement with the related party entity. Per the consulting agreement, Blue Oar is to be paid $15,000 per month in cash for expenses, and $12,500 per month to be paid in shares based on a 20-day average at a 50% discount to market. During the year ended December 31, 2022, Vystar expensed approximately $459,000 related to the consulting agreement. In addition, Vystar issued 221,385 shares of Series C Preferred Stock for the settlement of debt and payables totaling $702,161. A loss of $313,340 was recognized on the issuance and is included in other expenses for 2022. As of December 31, 2022, Vystar had a stock subscription payable balance of $629,903, or approximately 1,049,000 shares. Related Party Advances As of December 31, 2022, Gregory Rotman and Steven Rotman advanced Vystar funds totaling $242,454 and $24,087, respectively. The advances are due on demand as repayment terms have not yet been finalized. Bernard Rotman On July 18, 2019, Vystar issued a contingently convertible note totaling $420,000 to Bernard Rotman as partial consideration for the acquisition of 58% of Rotmans. During the year ended December 31, 2022, Vystar issued 180,699 shares of Series C Preferred Stock for the settlement of this debt totaling $482,125. A loss of $69,007 was recognized on the issuance and is included in other expenses for 2022. Fluid Energy Conversion Inc. In May of 2019, Vystar acquired the assets of Fluid Energy Conversion, Inc. (“FEC”) for 25,000 shares of common stock. FEC is owned by Dr. Bryan Stone, one of Vystar’s directors. The assets consist of a patent on the Hughes Reactor, which has the ability to control, enhance and focus energy in flowing liquids and gases. Included in subscription stock payable at December 31, 2021 is $103,750 representing the value of the 25,000 shares on the purchase date. Vystar entered into a settlement in July 2022 and issued 16,929 shares of Series B Preferred Stock in lieu of common stock. A gain of $36,034 was realized on the settlement during the year ended December 31, 2022 and is included in other expenses for 2022. Designcenters.com This entity is owned by Jamie Rotman, who is the daughter of the Company’s CEO, Steven Rotman. Designcenters.com (“Design”) provided bookkeeping and management services to the Company through July 2019. In exchange for such services, the Company had entered into a consulting agreement with the related party entity. As of December 31, 2022, the Company had a stock subscription payable balance of approximately $42,000, for approximately 8,500 shares related to this party for services incurred and expensed in 2019.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2022

NOTE 12 - RELATED PARTY TRANSACTIONS

Officers and Directors

Per Steven Rotman’s Employment agreement dated July 22, 2019, as amended, he is to be paid $125,000 per year in cash, $10,417 per month in shares based on a 20-day average price at a 50% discount to market, $5,000 per month in cash for expenses, as well as access to a Company provided vehicle and health and life insurance. During the year ended December 31, 2022, Vystar and Rotmans expensed approximately $417,000 related to this employment agreement. In addition, Vystar issued 1,330,066 shares of Series C Preferred Stock for the settlement of debt totaling $3,552,321. A loss of $1,900,950 was recognized on the issuance and is included in other expenses for 2022. As of December 31, 2022, Vystar had a stock subscription payable balance of $619,084, or approximately 920,000 shares to be issued in the future and $183,155 of reimbursable expenses payable and $116,403 of unpaid salary.

The Board of Directors authorized their board fees for 2021 be paid in common stock of Vystar. Included in stock subscription payable at December 31, 2022 and 2021 is 100,000 shares valued at $291,000, of which 20,000 shares valued at $58,200 is included in Steven Rotman’s balance above.

Blue Oar Consulting, Inc.

This entity is owned by Gregory Rotman, who is the son of the Company’s CEO, Steven Rotman. Blue Oar provides business consulting services to Vystar. In exchange for such services, Vystar has entered into a consulting agreement with the related party entity.

Per the consulting agreement, Blue Oar is to be paid $15,000 per month in cash for expenses, and $12,500 per month to be paid in shares based on a 20-day average at a 50% discount to market. During the year ended December 31, 2022, Vystar expensed approximately $459,000 related to the consulting agreement. In addition, Vystar issued 221,385 shares of Series C Preferred Stock for the settlement of debt and payables totaling $702,161. A loss of $313,340 was recognized on the issuance and is included in other expenses for 2022. As of December 31, 2022, Vystar had a stock subscription payable balance of $629,903, or approximately 1,049,000 shares.

Related Party Advances

As of December 31, 2022, Gregory Rotman and Steven Rotman advanced Vystar funds totaling $242,454 and $24,087, respectively. The advances are due on demand as repayment terms have not yet been finalized.

Bernard Rotman

On July 18, 2019, Vystar issued a contingently convertible note totaling $420,000 to Bernard Rotman as partial consideration for the acquisition of 58% of Rotmans. During the year ended December 31, 2022, Vystar issued 180,699 shares of Series C Preferred Stock for the settlement of this debt totaling $482,125. A loss of $69,007 was recognized on the issuance and is included in other expenses for 2022.

Fluid Energy Conversion Inc.

In May of 2019, Vystar acquired the assets of Fluid Energy Conversion, Inc. (“FEC”) for 25,000 shares of common stock. FEC is owned by Dr. Bryan Stone, one of Vystar’s directors. The assets consist of a patent on the Hughes Reactor, which has the ability to control, enhance and focus energy in flowing liquids and gases. Included in subscription stock payable at December 31, 2021 is $103,750 representing the value of the 25,000 shares on the purchase date. Vystar entered into a settlement in July 2022 and issued 16,929 shares of Series B Preferred Stock in lieu of common stock. A gain of $36,034 was realized on the settlement during the year ended December 31, 2022 and is included in other expenses for 2022.

Designcenters.com

This entity is owned by Jamie Rotman, who is the daughter of the Company’s CEO, Steven Rotman. Designcenters.com (“Design”) provided bookkeeping and management services to the Company through July 2019. In exchange for such services, the Company had entered into a consulting agreement with the related party entity. As of December 31, 2022, the Company had a stock subscription payable balance of approximately $42,000, for approximately 8,500 shares related to this party for services incurred and expensed in 2019.