Mannatech (MTEX) 10-Q 14 May 24 2024 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2024	Apr. 30, 2024
Entity Information [Line Items]
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity Registrant Name	MANNATECH, INCORPORATED
Entity Central Index Key	0001056358
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		1,884,814
Entity Address, Postal Zip Code	75028
Entity Incorporation, State or Country Code	TX
Entity Tax Identification Number	75-2508900
Entity Address, Address Line One	1410 Lakeside Parkway, Suite 200,
Entity Address, State or Province	TX
Entity Address, City or Town	Flower Mound,
City Area Code	(972)
Local Phone Number	471-7400
Entity File Number	000-24657
Title of 12(b) Security	Common Stock,
Trading Symbol	MTEX
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Cash and cash equivalents	$ 7,911	$ 7,731
Restricted cash	938	938
Accounts receivable, net of allowance of $1,200 and $1,278	320	91
Income tax receivable	450	465
Inventories, net	13,679	14,535
Prepaid expenses and other current assets	3,146	1,774
Deferred commissions	1,836	2,130
Total current assets	28,280	27,664
Property and equipment, net	3,769	4,147
Long-term restricted cash	693	718
Other assets	6,711	7,066
Deferred tax assets, net	1,605	1,611
Total assets	41,058	41,206
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current portion of finance leases	265	269
Accounts payable	4,882	4,010
Accrued expenses	5,899	6,779
Commissions and incentives payable	8,419	8,175
Taxes payable	1,922	1,521
Current notes payable	525	240
Deferred revenue	4,235	4,786
Total current liabilities	26,147	25,780
Finance leases, excluding current portion	888	956
Other long-term liabilities	3,578	3,986
Total liabilities	30,613	30,722
Commitments and contingencies	0	0
Shareholders’ equity:
Preferred stock, $0.01 par value, 1,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.0001 par value, 99,000,000 shares authorized, 2,742,857 shares issued and 1,884,814 shares outstanding as of March 31, 2024 and 2,742,857 shares issued and 1,860,154 shares outstanding as of December 31, 2023	0	0
Additional paid-in capital	32,948	33,309
Accumulated deficit	(121)	(1,301)
Accumulated other comprehensive loss	(2,446)	(1,015)
Treasury stock, at average cost, 858,043 shares as of March 31, 2024 and 882,703 shares as of December 31, 2023	(19,936)	(20,509)
Total shareholders’ equity	10,445	10,484
Total liabilities and shareholders’ equity	$ 41,058	$ 41,206

CONSOLIDATED BALANCE SHEETS - (

CONSOLIDATED BALANCE SHEETS - (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
ASSETS
Accounts receivable, allowance for doubtful accounts	$ 1,200	$ 1,278
Shareholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	99,000,000	99,000,000
Common stock, shares issued (in shares)	2,742,857	2,742,857
Common stock, shares outstanding (in shares)	1,884,814	1,860,154
Treasury Stock, Common, Shares	858,043	882,703

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 29,393	$ 34,114
Cost of sales	6,296	7,413
Gross profit	23,097	26,701
Operating expenses:
Commissions and incentives	11,685	13,558
Selling and administrative expenses	10,176	12,043
Depreciation and amortization expense	416	387
Total operating expenses	22,277	25,988
Income from operations	820	713
Interest income, net	18	24
Other income, net	871	333
Income before income taxes	1,709	1,070
Income tax provision	(529)	(466)
Net income	$ 1,180	$ 604
Income per common share:
Basic (in dollars per share)	$ 0.63	$ 0.32
Diluted (in dollars per share)	$ 0.63	$ 0.32
Weighted-average common shares outstanding:
Basic (in shares)	1,884	1,872
Diluted (in shares)	1,884	1,891

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 1,180	$ 604
Foreign currency translations	(1,431)	(799)
Comprehensive loss	$ (251)	$ (195)

CONSOLIDATED STATEMENT OF SHARE

CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY - (UNAUDITED) - USD ($) $ in Thousands	Total	Amount	Additional paid-in capital	Accumulated deficit	Accumulated other comprehensive loss	Treasury Stock, Common
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, shares outstanding (in shares)	1,858,800
45382 at Dec. 31, 2022	$ 14,176	$ 0	$ 33,377	$ 1,686	$ (208)	$ (20,679)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ 604
Conversion of Stock, Shares Issued	2,000
Foreign currency translations	$ (799)
Income Taxes Paid	$ (12)
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture	12,808
Common stock, shares outstanding (in shares)	1,873,608
Common stock, shares outstanding (in shares)	1,860,154
45382 at Dec. 31, 2023	$ 10,484	$ 0	$ 33,309	$ (1,301)	(1,015)	$ (20,509)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	1,180
Foreign currency translations	(1,431)
45382 at Mar. 31, 2024	$ 10,445				$ (2,446)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Shares Issued, Shares, Share-Based Payment Arrangement, before Forfeiture	24,660
Common stock, shares outstanding (in shares)	1,884,814

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 1,180	$ 604
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	416	387
Operating Right Of Use Lease Liabilities Net	402	415
Provision for inventory losses	32	73
Provision for (reversal of) allowance for credit losses	(75)	112
Charge related to stock-based compensation	212	234
Deferred income taxes	6	437
Changes in operating assets and liabilities:
Accounts receivable	(154)	(27)
Income tax receivable	15	(26)
Inventories	824	(667)
Prepaid expenses and other current assets	(909)	(504)
Deferred commissions	294	(49)
Deferred Freight	(158)	(123)
Other assets	872	1,302
Accounts payable	(1,085)	(701)
Increase (Decrease) in Other Operating Liabilities	(408)	(451)
Taxes payable	401	(1,301)
Commissions and incentives payable	244	992
Deferred revenue	(551)	398
Net cash provided by operating activities	1,874	1,351
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(61)	(104)
Net cash used in investing activities	(61)	(104)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of cash dividends	0	(375)
Repayment of finance lease obligations and other long-term liabilities	(250)	(194)
Net cash used in financing activities	(250)	(558)
Effect of currency exchange rate changes on cash and cash equivalents	(1,408)	(795)
Net increase (decrease) in cash, cash equivalents, and restricted cash	155	(106)
Cash, cash equivalents, and restricted cash at the beginning of the period	9,387	15,197
Cash, cash equivalents, and restricted cash at the end of the period	9,542	15,091
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	205	181
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	0	1,181
Interest Paid, Excluding Capitalized Interest, Operating Activities	23	6
Income Taxes Paid, Net	73	1,895
Capital Expenditures Incurred but Not yet Paid	446	497
Proceeds from Stock Options Exercised	$ 0	$ 11

Organization, Consolidation and

Organization, Consolidation and Presentation of Financial Statements	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure	ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Mannatech, Incorporated (together with its subsidiaries, the “Company”), located in Flower Mound, Texas, was incorporated in the state of Texas on November 4, 1993 and is listed on the Nasdaq Global Select Market under the symbol “MTEX”. The Company develops, markets, and sells high-quality, proprietary nutritional supplements, topical and skin care and anti-aging products, and weight-management products. We currently sell our products into three regions: (i) the Americas (the United States, Canada and Mexico); (ii) EMEA (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden and the United Kingdom); and (iii) Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan, Hong Kong, and China). The Company sells its products principally through network marketing distribution channels via its active associates (“independent associate” or “associates” or “distributors”) and its “preferred customers,” Active business building associates and preferred customers purchase the Company’s products at published wholesale prices. The Company cannot distinguish products sold for personal use from other sales, when sold to associates, because it is not involved with the products after delivery, other than usual and customary product warranties and returns. Only associates are eligible to earn commissions and incentives. We also ship our products to customers in the following countries: Belgium, France, Greece, Italy, Luxembourg, and Poland. The Company operates a non-direct selling business in mainland China. Our subsidiary in China, Meitai Daily Necessity & Health Products Co., Ltd. (“Meitai”), is operating as a traditional retailer under a cross-border e-commerce model in China. Meitai cannot legally conduct a direct selling business in China unless it acquires a direct selling license in China. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and with instructions for Form 10-Q and Article 8-03 of Regulation S-X. Accordingly, the Company’s condensed consolidated financial statements and footnotes contained herein do not include all of the information and footnotes required by GAAP to be considered “complete financial statements”. However, in the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements and footnotes contain all adjustments, including normal recurring adjustments, considered necessary for a fair presentation of the Company’s consolidated financial information as of, and for, the periods presented. The Company cautions that its consolidated results of operations for an interim period are not necessarily indicative of its consolidated results of operations to be expected for its fiscal year. The December 31, 2023 consolidated balance sheet was included in the audited consolidated financial statements in the Company’s annual report on Form 10-K for the year ended December 31, 2023 and filed with the United States Securities and Exchange Commission (the “SEC”) on March 28, 2024 (the “2023 Annual Report”), which includes all disclosures required by GAAP. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements of the Company included in the 2023 Annual Report. Principles of Consolidation The condensed consolidated financial statements and footnotes include the accounts of Mannatech and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. Use of Estimates The preparation of the Company’s condensed consolidated financial statements in accordance with GAAP requires the use of estimates that affect the reported value of assets, liabilities, revenues and expenses. These estimates are based on historical experience and various other factors. The Company continually evaluates the information used to make these estimates as the business and economic environment changes. Historically, actual results have not varied materially from the Company’s estimates and the Company does not currently anticipate a significant change in its assumptions related to these estimates. However, actual results may differ from these estimates under different assumptions or conditions. The use of estimates is pervasive throughout the condensed consolidated financial statements, but the accounting policies and estimates considered the most significant are described in this note to the condensed consolidated financial statements, Organization and Summary of Significant Accounting Policies . Significant Accounting Policies Our significant accounting policies are described in the notes to our consolidated financial statements for the year ended December 31, 2023 included in our 2023 Annual Report. There have been no significant changes in our accounting policies or the application thereof during the first quarter of 2024 Basis of Presentation Certain prior year amounts have been reclassified on the Condensed Consolidated Statements of Operations to conform to the current year presentation. These reclassifications had no effect on the previously reported results of operations. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents was $7.9 million at March 31, 2024 and $7.7 million at December 31, 2023. The Company includes in its cash and cash equivalents credit card receivables due from its credit card processor, as the cash proceeds from credit card receivables are received within 24 to 72 hours. At March 31, 2024 and December 31, 2023, credit card receivables were $1.9 million and $1.4 million, respectively, and cash and cash equivalents held in bank accounts in foreign countries totaled $4.0 million and $3.5 million at March 31, 2024 and December 31, 2023, respectively. The Company invests cash in liquid instruments, such as money market funds and interest-bearing deposits. The Company holds cash in high quality financial institutions and does not believe it has an excessive exposure to credit concentration risk. A significant portion of our cash and cash equivalent balances were concentrated within the Republic of Korea, with cash and cash equivalents totaling $3.5 million and $2.3 million at March 31, 2024 and December 31, 2023, respectively. In addition, for the three months ended March 31, 2024 and 2023, a concentrated portion of our operating cash flows were earned from operations within the Republic of Korea. An adverse change in economic conditions within the Republic of Korea could negatively affect the Company’s results of operations. Restricted Cash The Company is required to restrict cash for: (i) direct selling insurance premiums and credit card sales in the Republic of Korea; (ii) reserve on credit card sales in the United States and Canada; and (iii) the Australia building lease collateral. At March 31, 2024 and December 31, 2023, our total restricted cash was $1.6 million and $1.7 million, respectively. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company's condensed consolidated balance sheets to the total amount presented in the condensed consolidated statement of cash flows (in thousands) : March 31, 2024 December 31, 2023 March 31, 2023 December 31, 2022 Cash and cash equivalents $ 7,911 $ 7,731 $ 13,682 $ 13,777 Current restricted cash 938 938 944 944 Long-term restricted cash 693 718 465 476 Cash, cash equivalents, and restricted cash $ 9,542 $ 9,387 $ 15,091 $ 15,197 Accounts Receivable Accounts receivable are carried at their estimated collectible amounts. Receivables are created upon shipment of an order if the credit card payment is rejected or does not match the order total. As of March 31, 2024 and December 31, 2023, receivables consisted primarily of amounts due from preferred customers and associates. The Company's accounts receivable balances, net, are presented below (in thousands) : March 31, 2024 December 31, 2023 December 31, 2022 Accounts receivable $ 320 $ 91 $ 218 In accordance with ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"), the Company assesses collectability by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers with known disputes or collectability issues. Expected loss estimates are determined utilizing an aging schedule. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status and makes judgments about the creditworthiness of customers based on ongoing credit evaluations. The Company also considers customer-specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data. At March 31, 2024 and March 31, 2023, the Company held an allowance for credit losses of $1.2 million and $1.1 million, respectively. March 31, 2024 March 31, 2023 Allowance for credit losses at beginning of period $ 1,278 $ 973 Provision in current period (75) (17) Accounts charged off against the allowance (3) 153 Allowance for credit losses at end of period $ 1,200 $ 1,109 Inventories Inventories consist of raw materials, finished goods, and promotional materials that are stated at the lower of cost (using standard costs that approximate average costs) or net realizable value. The Company periodically reviews inventories for obsolescence and any inventories identified as obsolete are reserved or written off. Other Assets Other Assets consisted of the following (in thousands): See Note 8, Leases, for more information on these assets. March 31, 2024 December 31, 2023 Right of use Assets- Operating leases $ 3,104 $ 3,315 Deposit with Mutual Aid Cooperative & Consumer (Korea) 2,121 2,204 Deposits for building leases 1,249 1,310 Manapol Trademark 237 237 $ 6,711 $ 7,066 Accrued Expenses Accrued expenses consisted of the following (in thousands): March 31, 2024 December 31, 2023 Accrued compensation $ 1,772 $ 1,707 Accrued inventory purchases 112 861 Accrued royalties 39 38 Accrued sales and other taxes 181 201 Other accrued operating expenses 361 506 Customer deposits and sales returns 573 515 Accrued travel expenses related to corporate events 123 131 Accrued shipping and handling costs 312 291 Accrued rent expense 3 3 Accrued legal and accounting fees 735 865 Right of use Liabilities-Operating leases 1,688 1,661 $ 5,899 $ 6,779 Notes Payable Notes payable were $0.5 million and $0.2 million as of March 31, 2024 and December 31, 2023, respectively, as a result of funding from a capital financing agreement related to our computer hardware and software and other financing arrangements. Payments are made monthly according to the terms of the agreements which have a weighted average effective interest rate o f 10.5% an d are collateralized by computer hardware and software. At each of March 31, 2024 and December 31, 2023, there was no long-term portion of the liability. Other Long-Term Liabilities Other long-term liabilities consisted of the following (in thousands) . See Note 8, Leases, for more information. S ee Note 9, Employee Benefit Plans , of the Company’s 2023 Annual Report for more information. March 31, 2024 December 31, 2023 Right of use liabilities- Operating leases $ 2,242 $ 2,582 Accrued lease restoration costs 351 369 Government required severance 793 822 Defined benefit plan obligation 192 213 $ 3,578 $ 3,986 Revenue Recognition The Company’s revenue is derived from sales of individual products and associate fees or, in certain geographic markets, starter packs. Substantially all of the Company’s product sales are made at published wholesale prices to associates and preferred customers. The Company records revenue net of any sales taxes and records a reserve for expected sales returns based on its historical experience. The Company recognizes revenue from shipped products when delivered to the customer, thus the performance obligation is satisfied. Corporate-sponsored event revenue is recognized when the event is held. At March 31, 2024 and December 31, 2023, remaining performance obligations related to shipments were $1.1 million and $1.4 million, respectively. The Company's remaining performance obligations related to associate fees were $0.1 million at both March 31, 2024 and December 31, 2023. These amounts are included in Deferred Revenue on the accompanying Condensed Consolidated Balance Sheets, respectively. Orders placed by associates or preferred customers constitute our contracts with customers. Product sales placed in the form of an automatic order contain two performance obligations: (a) the sale of the product and (b) the loyalty program. The Company's customer loyalty program conveys a material right to the customer to redeem loyalty points for the purchase of products. For these contracts, the Company accounts for each of these obligations separately as they are each distinct. The transaction price is allocated between the product sale and the loyalty program on a relative standalone selling price basis. Sales placed through a one-time order contain only the first performance obligation noted above — the delivery of the product. Payments are made immediately through credit card upon purchase of the products. The Company provides associates with access to a complimentary three-month package for the Success Tracker™ and Mannatech+ online business tools with the first payment of an associate fee. The first payment of an associate fee contains three performance obligations: (a) the associate fee, whereby the Company provides an associate with the right to earn commissions, bonuses and incentives for a year, (b) three months of complimentary access to utilize the Success Tracker™ online tool and (c) three months of complimentary access to utilize the Mannatech+ online business tool. The transaction price is allocated between the three performance obligations on a relative standalone selling price basis and revenue is recognized over the period that access to the tools is active. Associates do not have complimentary access to online business tools after the first contractual period. With regard to both of the aforementioned contracts, the Company determines the standalone selling prices by using observable inputs which includes the Company’s standard published price lists. Deferred Commissions The Company defers commissions on (i) the sales of products shipped but not received by customers by the end of the respective period and (ii) the loyalty program. Deferred commissions are incremental costs and are charged to expense when the related revenue is recognized. As of each of the periods shown below, our deferred commissions consisted of the following (in thousands) . March 31, 2024 March 31, 2023 Total deferred commissions at beginning of the year $ 2,130 $ 2,476 Amount recognized as commissions expense (1,411) (1,779) New commission deferrals at the end of the quarter 1,117 1,828 Total deferred commissions at end of the quarter $ 1,836 $ 2,525 Deferred Revenue The Company defers certain components of its revenue. Deferred revenue consisted of: (i) sales of products shipped but not received by customers by the end of the respective period; (ii) revenue from the loyalty program; (iii) prepaid registration fees from customers planning to attend a future corporate-sponsored event; and (iv) prepaid annual associate fees. To defer product sales that have not been received by customers, the Company estimates order delivery dates using weighted averages of historical delivery data collected from its freight carriers. As of each of the periods shown below, our deferred revenue consisted of the following (in thousands) . March 31, 2024 March 31, 2023 Total deferred revenue at beginning of the year $ 4,786 $ 5,106 Amount recognized as revenue during the quarter (3,733) (3,566) New deferrals at the end of the quarter 3,182 3,964 Total deferred revenue at end of the quarter $ 4,235 $ 5,504 The Company’s customer loyalty program conveys a material right to the customer as it provides the promise to redeem loyalty points for the purchase of products, which is based on earning points through placing consecutive qualified orders. The Company factors in breakage rates, which is the percentage of the loyalty points that are expected to be forfeited or expire, for purposes of revenue recognition. Breakage rates are estimated based on historical data and can be reasonably and objectively determined. The deferred revenue associated with the loyalty program at each of March 31, 2024 and March 31, 2023 was $3.1 million and $3.7 million, respectively. Loyalty program (in thousands) March 31, 2024 March 31, 2023 Loyalty deferred revenue at beginning of the period $ 3,242 $ 4,167 Loyalty points forfeited or expired (718) (770) Loyalty points used (2,381) (2,483) Loyalty points vested 2,152 1,938 Loyalty points unvested 761 896 Loyalty deferred revenue at end of period $ 3,056 $ 3,748 Sales Refunds and Allowances The Company utilizes the expected value method, as set forth by Accounting Standard Codification ("ASC") Topic 606 Revenue from Contracts with Customers ("ASC 606"), to estimate the sales returns and allowance liability by taking the weighted average of the sales return rates over a rolling six-month period. The Company allocates the total amount recorded within the sales return and allowance liability as a reduction of the overall transaction price for the Company’s product sales. The Company deems the sales refund and allowance liability to be a variable consideration. Historically, sales returns have not materially changed through the years, as the majority of our customers who return their merchandise do so within the first 90 days after the original sale. Sales returns have historically averaged 0.5% or less of our gross sales. As of each of the periods shown below, our sales return reserve consisted of the following (in thousands) : March 31, 2024 March 31, 2023 Sales reserve at beginning of period $ 41 $ 59 Provision in current period 178 266 Returns charged off against the reserve (166) (244) Sales reserve at end of period $ 53 $ 81 Shipping and Handling Costs The Company records inbound freight as a component of inventory and cost of sales. The Company records freight and shipping fees collected from its customers as fulfillment costs. In accordance with ASC 606-10-25-18a, freight and shipping fees are not deemed to be separate performance obligations as these activities occur before the customer receives the product. Commissions and Incentives Associates earn commissions and incentives based on their direct and indirect commissionable net sales over each month of the fiscal year. The Company accrues commissions and incentives when earned by associates and pays commissions on product and pack sales on a monthly basis. Comprehensive Income and Accumulated Other Comprehensive Income Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources and includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. The Company’s comprehensive income consists of the Company’s net income, foreign currency translation adjustments from its Japan, Republic of Korea, Taiwan, Denmark, Norway, Sweden, Mexico and China operations, remeasurement of intercompany balances of a long-term-investment nature from its Taiwan, Mexico and Cyprus operations, and changes in the pension obligation for its Japanese employees. Accounting Pronouncements Issued but Not Yet Effective In November 2023, the Financial Accounting Standards Board ("FASB") issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. ASU 2023-07 is effective for annual reporting periods beginning after December 15, 2023 and interim reporting periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of implementing this guidance, but does not expect adoption to have a material impact on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency and decision usefulness of income tax disclosures. The amendments in ASU 2023-09 are effective for annual periods beginning after December 15, 2024, with early adoption permitted. The Company is currently evaluating the impact of implementing this guidance on its consolidated financial statements. Other recently issued accounting pronouncements did not or are not believed by management to have a material impact on the Company’s present or future financial statements.

INVENTORIES

INVENTORIES	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
INVENTORIES	INVENTORIES Inventories consist of raw materials, finished goods, and promotional materials. The Company provides an allowance for any slow-moving or obsolete inventories. The allowance for slow-moving inventory obsolescence was $0.4 million at each of March 31, 2024 and December 31, 2023. Inventories as of March 31, 2024 and December 31, 2023, consisted of the following (in thousands) : March 31, 2024 December 31, 2023 Raw materials $ 5,068 $ 5,104 Finished goods 8,611 9,431 Total $ 13,679 $ 14,535

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the three months ended March 31, 2024 and 2023, the Company’s effective tax rate was 36.0% and 43.6%, respectively. For the three months ended March 31, 2024 and 2023, the Company's effective tax rate was determined based on the estimated annual effective income tax rate.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2024
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS PER SHARE The Company calculates basic Earnings per Share ("EPS") by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS also reflects the potential dilution that could occur if common stock were issued for awards outstanding under the Mannatech, Incorporated 2017 Stock Incentive Plan (described below). In determining the potential dilutive effect of outstanding stock options for the three months ended March 31, 2024, the Company used the quarterly average common stock close price of $8.84. For the three months ended March 31, 2024, there were 1.88 million weighted-average common shares outstanding used for the basic EPS calculation. For the three months ended March 31, 2024, 8,187 shares granted (see Note 5 — Stock Based Compensation, for more information.) were excluded from the calculation of diluted EPS because the related market condition was not achieved. In addition, 199,824 shares underlying stock options were excluded from the diluted EPS calculation, as their effect would have been antidilutive. In determining the potential dilutive effect of outstanding stock options for the three months ended March 31, 2023, the Company used the quarterly average common stock close price of $17.02 per share. For the three months ended March 31, 2023, there were 1.87 million weighted-average common shares outstanding used for the basic EPS calculation. For the three months ended March 31, 2023, 18,221 shares subject to options were included in the calculation resulting in 1.89 million dilutive shares used to calculate diluted EPS. For the three months ended March 31, 2023, 86,276 shares were excluded from the diluted EPS calculation, as the effect would have been antidilutive. Calculation of net EPS— basic and diluted ( in thousands, except EPS ): Three Months Ended 2024 2023 Net earnings attributable to common stockholders $ 1,180 $ 604 Weighted average common shares outstanding (for basic calculation) 1,884 1,872 Dilutive effect of outstanding common stock options and RSU’s — 18 Weighted average common and common equivalent shares outstanding 1,884 1.891 EPS - Basic $ 0.63 $ 0.32 EPS - Diluted $ 0.63 $ 0.32

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATION Stock Option Plan The Company currently has one active stock-based compensation plan, the Mannatech, Incorporated 2017 Stock Incentive Plan, which was adopted by the Company’s Board of Directors (the "Board") on April 17, 2017 and was approved by its shareholders on June 8, 2017, and subsequently amended by the Board in February 2019, which amendment was approved by the Company's shareholders on June 11, 2019 (as amended, the "2017 Plan"). The Board has reserved a maximum of 370,000 shares of our common stock that may be issued under the 2017 Plan (subject to adjustments for stock splits, stock dividends or other changes in corporate capitalization). As of March 31, 2024, the Company had a total of 75,621 shares available for grant under the 2017 Plan, which expires on April 16, 2027. The 2017 Plan provides for grants of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance stock and performance stock units to our employees, board members, and consultants. However, only employees of the Company and its corporate subsidiaries are eligible to receive incentive stock options. The exercise price per share for all stock options will be no less than the market value of a share of common stock on the date of grant. Any incentive stock option granted to an employee owning more than 10% of our common stock will have an exercise price of no less than 110% of our common stock’s market value on the grant date. The majority of stock options vest over two three ten five The Company is required to measure and recognize compensation expense related to any outstanding and unvested stock options in its consolidated financial statements using a fair-value based option-pricing model. The Company records stock-based compensation expense related to granting stock options in selling and administrative expenses. During the three months ended March 31, 2024 and 2023, the Company granted no stock options. Stock Grants During the three months ended March 31, 2024, the Company issued a grant of 8,187 shares of our common stock to our Chief Executive Officer. Under the terms of the stock grant, the grant is available for 18 months and will not vest until Mannatech's stock price averages $15.00 per share (i.e., the volume weighted price) for 60 consecutive days. If the contingency is not met within the 18-month period, the grant will lapse and will not be awarded. The Company is required to measure and recognize compensation expense related to the grant in its consolidated financial statements using a fair-value based model. The Company has determined the fair value of the grant is $0.1 million. Accordingly, the company has recognized compensation expense related to the grant of $3,232 for the three months ended March 31, 2024. The Company recognized compensation expense as follows for the three months ended March 31 (in thousands) : Three Months Ended 2024 2023 Total gross compensation expense $ 12 $ 11 Total tax benefit associated with compensation expense 2 3 Total net compensation expense $ 10 $ 8 As of March 31, 2024, the Company expects to record compensation expense in the future as follows (in thousands) : Nine months Years ending December 31, 2025 2026 Total gross unrecognized compensation expense $ 41 $ 29 $ — Equity-Based Compensation to Directors At the discretion of the Board, each director may receive a portion of their fees payable in stock grants in lieu of cash compensation. At March 31, 2024 and 2023, the Company issued a total of 24,660 and 12,808 treasury stock to the members of the Board as a part of their compensation, respectively. The stock grants to the Board were vested upon grant and the Company recognized $0.2 million compensation expense at each of March 31, 2024 and 2023.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
SHAREHOLDERS' EQUITY	SHAREHOLDERS’ EQUITY Treasury Stock There were no shares repurchased during the three months ended March 31, 2024 and 2023. As of March 31, 2024 and December 31, 2023 , the Company had 858,043 and 882,703 treasury s hares, respectively. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss displayed in the Condensed Consolidated Statement of Shareholders’ Equity represents the results of certain shareholders’ equity changes not reflected in the Condensed Consolidated Statements of Operations, such as foreign currency translation and certain pension and post-retirement benefit obligations. The after-tax components of accumulated other comprehensive loss are as follows (in thousands) : Foreign Pension Accumulated Balance as of December 31, 2023 $ (1,427) $ 412 $ (1,015) Current-period change (1) (1,431) — (1,431) Balance as of March 31, 2024 $ (2,858) $ 412 $ (2,446) (1) No material amounts were reclassified from accumulated other comprehensive loss. Dividends Holders of Common Stock are entitled to receive dividends at the same rate, when, as and if declared by our Board of Directors out of funds legally available therefor, subject to any statutory or contractual restrictions on the payment of dividends and to the rights of the holders of one or more outstanding series of our preferred stock. For the three months ended March 31, 2024, the Company did not pay any dividends. For the three months ended March 31, 2023, the Company paid dividends of

LITIGATION

LITIGATION	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
LITIGATION	LITIGATION Litigation in General As of March 31, 2024, the Company had no open or pending litigation and no legal reserve was deemed necessary. The Company has incurred several claims in the normal course of business. The Company believes such claims can be resolved without any material adverse effect on its consolidated financial position, results of operations, or cash flows. The Company maintains certain liability insurance; however, certain costs of defending lawsuits are not covered by or only partially covered by its insurance policies, including claims that are below insurance deductibles. Additionally, insurance carriers could refuse to cover certain claims, in whole or in part. The Company accrues costs to defend itself from litigation as they are incurred.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The Company utilizes fair value measurements to record fair value adjustments to certain financial assets and to determine fair value disclosures. Fair Value Measurements and Disclosure (Topic 820) of the Financial Accounting Standards Board (“FASB”) establishes a fair value hierarchy that requires the use of observable market data, when available, and prioritizes the inputs to valuation techniques used to measure fair value in the following categories: • Level 1 – Quoted unadjusted prices for identical instruments in active markets. • Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which all observable inputs and significant value drivers are observable in active markets. • Level 3 – Model-derived valuations in which one or more significant inputs or significant value drivers are unobservable, including assumptions developed by the Company. The primary objective of the Company’s investment activities is to preserve principal while maximizing yields without significantly increasing risk. The investment instruments held by the Company are money market funds and interest-bearing deposits for which quoted market prices are readily available. The Company considers these highly liquid investments to be cash equivalents. These investments are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company does not have any material financial liabilities that were required to be measured at fair value on a recurring basis at March 31, 2024. The tables below present the recorded amount of financial assets measured at fair value (money market fund) (in thousands) on a recurring basis as of March 31, 2024 and December 31, 2023. The Company's interest-bearing deposits are measured at amortized cost, which approximates fair value to the carrying value due to the relatively short maturity of the asset, (in thousands). The Company did not have any financial assets measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. The Company did not have any material financial liabilities that were required to be measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. March 31, 2024 Level 1 Level 2 Level 3 Total Assets Money Market Funds – JPMorgan Chase, US $ 1,609 $ — $ — $ 1,609 Interest bearing deposits – various banks 1,070 — — 1,070 Total assets $ 2,679 $ — $ — $ 2,679 Amounts included in Assets: Cash and cash equivalents $ 1,609 $ — $ — $ 1,609 Restricted cash 674 — — 674 Long-term restricted cash 396 — — 396 Total $ 2,679 $ — $ — $ 2,679 December 31, 2023 Level 1 Level 2 Level 3 Total Assets Money Market Funds – JPMorgan Chase, US $ 2,310 $ — $ — $ 2,310 Interest bearing deposits – various banks 1,084 — — 1,084 Total assets $ 3,394 $ — $ — $ 3,394 Amounts included in Assets: Cash and cash equivalents $ 2,310 $ — $ — $ 2,310 Restricted cash 674 — — 674 Long-term restricted cash 410 — — 410 Total $ 3,394 $ — $ — $ 3,394

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
SEGMENT INFORMATION	SEGMENT INFORMATION The Company operates as a direct seller in the nutritional supplement industry. The Company's sole reporting segment is one in which it sells proprietary nutritional supplements, skin care and anti-aging products, and weight-management and fitness products operating in twenty-five markets. The products are primarily sold through a network marketing distribution channel of approximately 143,000 active associates and preferred customer positions who we refer to as current associates and preferred customers. The Company's subsidiary in China, Meitai, is currently operating as a traditional retailer under a cross-border e-commerce model. Meitai cannot legally conduct a direct selling business in China unless it acquires a direct selling license in China. The Company's subsidiary, NEMO, operates an affiliate business model under the brand name, “Trulu,” in the United States. Each of our subsidiaries sells similar products and exhibits similar economic characteristics, such as selling prices, paying commissions and incentives, gross margins and operating characteristics. Management reviews and analyzes net sales by geographical location and by products and packs on a consolidated basis. The Company currently sells its products in three regions: (i) the Americas (the United States, Canada and Mexico); (ii) Europe/the Middle East/Africa (“EMEA”) (Austria, the Czech Republic, Denmark, Estonia, Finland, Germany, the Republic of Ireland, Namibia, the Netherlands, Norway, South Africa, Spain, Sweden and the United Kingdom); and (iii) Asia/Pacific (Australia, Japan, New Zealand, the Republic of Korea, Singapore, Taiwan, Hong Kong, and China). It also ships products to customers in the following countries: Belgium, France, Greece, Italy, Luxembourg, and Poland. Consolidated net sales shipped to customers in these regions, along with pack or associate fee and product information for the three months ended March 31, were as follows (in millions, except percentages) : Three Months Ended Region 2024 2023 Americas $ 10.2 34.7 % $ 10.5 30.8 % Asia/Pacific 17.1 58.2 % 21.1 61.9 % EMEA 2.1 7.1 % 2.5 7.3 % Total sales $ 29.4 100.0 % $ 34.1 100.0 % Three Months Ended 2024 2023 Product sales $ 27.9 $ 31.9 Pack sales 1.1 2.1 Other 0.4 0.1 Total sales $ 29.4 $ 34.1 Long-lived assets, which include property and equipment and construction in process for the Company and its subsidiaries, as of March 31, 2024 and December 31, 2023, reside in the following regions, as follows (in millions) : Region March 31, 2024 December 31, 2023 Americas $ 3.3 $ 3.6 Asia/Pacific 0.5 0.5 EMEA — — Total long-lived assets $ 3.8 $ 4.1 Inventory balances, which consist of raw materials, finished goods, and promotional materials, as offset by the allowance for slow moving or obsolete inventories, reside in the following regions (in millions) : Region March 31, 2024 December 31, 2023 Americas $ 8.3 $ 8.3 Asia/Pacific 3.9 4.6 EMEA 1.5 1.6 Total inventory $ 13.7 $ 14.5

Leases (Notes)

Leases (Notes)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	LEASES The Company has entered into contractual lease arrangements to rent office space and equipment from third-party lessors and accounts for leases in accordance with ASC Topic 842. See Note 5 to the consolidated financial statements in our 2023 Annual Report. Right of use assets represent the Company’s right to use an underlying asset over the lease term and lease liabilities represent the Company’s obligation to make future lease payments arising from the lease. Generally, the Company’s operating leases relate to office space used in Mannatech’s operations, including its headquarters in Flower Mound, Texas and office space in international locations in which the Company does business. As of March 31, 2024 and December 31, 2023, all of the Company’s finance leases pertain to certain equipment used in the business. On March 10, 2023, the Company entered into a five-year agreement to sublease 10,000 rentable square feet of the Company's leased office space in Flower Mound, Texas to a subtenant. There was no modification or impairment by entering into the sublease agreement because the Company was not released from its obligations under the head lease. Sublease income is presented as a component of net sales on the Company's Condensed Consolidated Statements of Operations. The Company has made a policy election in accordance with ASC 842-10-15-39A to exclude from consideration taxes that are assessed on and collected from the sublessee from consideration. For the three months ended March 31, 2024, the Company had earned less than $0.1 million income from the sublease. For the year ended December 31, 2023, the Company earned $0.1 million income from the sublease. As of March 31, 2024, the Company had net operating lease right-of-use assets of $3.1 million and net finance lease right-of-use assets of $1.2 million. At March 31, 2024, our operating lease liabilities were $3.9 million and our finance lease liabilities were $1.2 million. The weighted-average remaining lease term and discount rate related to the Company’s operating lease liabilities as of March 31, 2024 were 3.16 years and 4.5%, respectively. The weighted-average remaining lease term and discount rate related to the Company’s finance lease liabilities as of March 31, 2024 were 3.95 years and 6.4%, respectively. The Company uses the discount rates implicit in each lease, or an estimate of the Company's incremental borrowing rate if the rate implicit in a lease cannot be readily determined. As of March 31, 2024 and December 31, 2023 our right-of-use assets and lease liabilities consisted of the following (in thousands) : Leases Classification March 31, 2024 December 31, 2023 Right-of-use assets Operating leases Other assets $ 3,104 $ 3,315 Finance leases Property and equipment, net 1,151 1,236 Total right-of-use assets $ 4,255 $ 4,551 Current portion of lease liabilities Operating leases Accrued expenses $ 1,688 $ 1,661 Finance leases Current portion of finance leases 265 269 Long-term portion of lease liabilities Operating leases Other long-term liabilities 2,242 2,582 Finance leases Finance leases, excluding current portion 888 956 Total lease liabilities $ 5,083 $ 5,468 As of March 31, 2024, the Company's future sublease income and minimum future lease payments on operating and finance leases were as follows (in thousands) : March 31, 2024 Future Maturities of Leases Operating Leases Finance Leases Sublease Income Remaining 2024 $ 1,367 $ 248 $ (99) 2025 1,245 327 (132) 2026 726 327 (132) 2027 649 315 (132) 2028 268 90 (55) Total minimum lease payments 4,255 1,307 (550) Imputed interest (326) (154) — Present value of minimum lease payments $ 3,929 $ 1,153 $ (550)

SUBSEQUENT EVENTS (Notes)

SUBSEQUENT EVENTS (Notes)	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS Unsecured Promissory Note On April 23, 2024 Mannatech Incorporated (the “Company”) entered into three separate unsecured Loan Agreement and Promissory Notes (“Promissory Notes”) with three related parties, who are all current members of the Company’s Board of Directors and stockholders of the Company, in an aggregate principal amount of $3.6 million. The lenders are J. Stanley Fredrick, Chairman of the Board and our largest shareholder, Tyler Rameson, our second largest shareholder, and Kevin Robbins. Tyler Rameson is lending money through his firm, Jade Capital, LLC, where he is the managing member. The purpose of the borrowing is to provide funds to the Company for general working capital needs, including payment to vendors, expansion of the Company’s non-US operations, technology investment primarily for improving the customer ordering process and software updates to improve visibility of sales associate activity. Pursuant to the terms of the Promissory Notes, each note is due in full on September 30, 2026, requires quarterly interest payments beginning June 30, 2024, has an annual interest rate of 16%, and certain other terms customarily included in similar debt financing arrangements. The Company has the right to prepay all or a portion of the Promissory Notes at any time without premium or penalty. The Company signed the three Promissory Notes on April 23, 2024, in the respective amounts of $1,000,000; $2,500,000; and $100,000. CEO Severance Agreement On March 13, 2024, the Company announced the retirement of Alfredo (Al) Bala as the Company’s Chief Executive Officer effective April 1, 2024 and the engagement of Mr. Bala as an advisor to the Company effective April 1, 2024. Per the terms of Mr. Bala's agreement he is entitled to severance of $0.5 million, payable over two years.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net loss	$ 1,180	$ 1,180	$ 604	$ 604

Award Timing Disclosure

Award Timing Disclosure $ in Thousands	Mar. 31, 2024 USD ($)
Awards Close in Time to MNPI Disclosures
Fair Value as of Grant Date	$ 100

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements and footnotes include the accounts of Mannatech and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	Use of Estimates The preparation of the Company’s condensed consolidated financial statements in accordance with GAAP requires the use of estimates that affect the reported value of assets, liabilities, revenues and expenses. These estimates are based on historical experience and various other factors. The Company continually evaluates the information used to make these estimates as the business and economic environment changes. Historically, actual results have not varied materially from the Company’s estimates and the Company does not currently anticipate a significant change in its assumptions related to these estimates. However, actual results may differ from these estimates under different assumptions or conditions. The use of estimates is pervasive throughout the condensed consolidated financial statements, but the accounting policies and estimates considered the most significant are described in this note to the condensed consolidated financial statements, Organization and Summary of Significant Accounting Policies .
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Cash and cash equivalents was $7.9 million at March 31, 2024 and $7.7 million at December 31, 2023. The Company includes in its cash and cash equivalents credit card receivables due from its credit card processor, as the cash proceeds from credit card receivables are received within 24 to 72 hours. At March 31, 2024 and December 31, 2023, credit card receivables were $1.9 million and $1.4 million, respectively, and cash and cash equivalents held in bank accounts in foreign countries totaled $4.0 million and $3.5 million at March 31, 2024 and December 31, 2023, respectively. The Company invests cash in liquid instruments, such as money market funds and interest-bearing deposits. The Company holds cash in high quality financial institutions and does not believe it has an excessive exposure to credit concentration risk.
Restricted Cash	The Company is required to restrict cash for: (i) direct selling insurance premiums and credit card sales in the Republic of Korea; (ii) reserve on credit card sales in the United States and Canada; and (iii) the Australia building lease collateral. At March 31, 2024 and December 31, 2023, our total restricted cash was $1.6 million and $1.7 million, respectively.
Accounts Receivable	Accounts Receivable Accounts receivable are carried at their estimated collectible amounts. Receivables are created upon shipment of an order if the credit card payment is rejected or does not match the order total. As of March 31, 2024 and December 31, 2023, receivables consisted primarily of amounts due from preferred customers and associates. The Company's accounts receivable balances, net, are presented below (in thousands) : March 31, 2024 December 31, 2023 December 31, 2022 Accounts receivable $ 320 $ 91 $ 218 In accordance with ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"), the Company assesses collectability by reviewing accounts receivable on a collective basis where similar characteristics exist and on an individual basis when the Company identifies specific customers with known disputes or collectability issues. Expected loss estimates are determined utilizing an aging schedule. In determining the amount of the allowance for credit losses, the Company considers historical collectability based on past due status and makes judgments about the creditworthiness of customers based on ongoing credit evaluations. The Company also considers customer-specific information, current market conditions and reasonable and supportable forecasts of future economic conditions to inform adjustments to historical loss data. At March 31, 2024 and March 31, 2023, the Company held an allowance for credit losses of $1.2 million and $1.1 million, respectively. March 31, 2024 March 31, 2023 Allowance for credit losses at beginning of period $ 1,278 $ 973 Provision in current period (75) (17) Accounts charged off against the allowance (3) 153 Allowance for credit losses at end of period $ 1,200 $ 1,109
Inventories	Inventories Inventories consist of raw materials, finished goods, and promotional materials that are stated at the lower of cost (using standard costs that approximate average costs) or net realizable value. The Company periodically reviews inventories for obsolescence and any inventories identified as obsolete are reserved or written off.
Other Assets	Other Assets Other Assets consisted of the following (in thousands): See Note 8, Leases, for more information on these assets. March 31, 2024 December 31, 2023 Right of use Assets- Operating leases $ 3,104 $ 3,315 Deposit with Mutual Aid Cooperative & Consumer (Korea) 2,121 2,204 Deposits for building leases 1,249 1,310 Manapol Trademark 237 237 $ 6,711 $ 7,066
Notes Payable	Notes Payable Notes payable were $0.5 million and $0.2 million as of March 31, 2024 and December 31, 2023, respectively, as a result of funding from a capital financing agreement related to our computer hardware and software and other financing arrangements. Payments are made monthly according to the terms of the agreements which have a weighted average effective interest rate o f 10.5% an
Revenue Recognition	Revenue Recognition The Company’s revenue is derived from sales of individual products and associate fees or, in certain geographic markets, starter packs. Substantially all of the Company’s product sales are made at published wholesale prices to associates and preferred customers. The Company records revenue net of any sales taxes and records a reserve for expected sales returns based on its historical experience. The Company recognizes revenue from shipped products when delivered to the customer, thus the performance obligation is satisfied. Corporate-sponsored event revenue is recognized when the event is held. At March 31, 2024 and December 31, 2023, remaining performance obligations related to shipments were $1.1 million and $1.4 million, respectively. The Company's remaining performance obligations related to associate fees were $0.1 million at both March 31, 2024 and December 31, 2023. These amounts are included in Deferred Revenue on the accompanying Condensed Consolidated Balance Sheets, respectively. Orders placed by associates or preferred customers constitute our contracts with customers. Product sales placed in the form of an automatic order contain two performance obligations: (a) the sale of the product and (b) the loyalty program. The Company's customer loyalty program conveys a material right to the customer to redeem loyalty points for the purchase of products. For these contracts, the Company accounts for each of these obligations separately as they are each distinct. The transaction price is allocated between the product sale and the loyalty program on a relative standalone selling price basis. Sales placed through a one-time order contain only the first performance obligation noted above — the delivery of the product. Payments are made immediately through credit card upon purchase of the products. The Company provides associates with access to a complimentary three-month package for the Success Tracker™ and Mannatech+ online business tools with the first payment of an associate fee. The first payment of an associate fee contains three performance obligations: (a) the associate fee, whereby the Company provides an associate with the right to earn commissions, bonuses and incentives for a year, (b) three months of complimentary access to utilize the Success Tracker™ online tool and (c) three months of complimentary access to utilize the Mannatech+ online business tool. The transaction price is allocated between the three performance obligations on a relative standalone selling price basis and revenue is recognized over the period that access to the tools is active. Associates do not have complimentary access to online business tools after the first contractual period. With regard to both of the aforementioned contracts, the Company determines the standalone selling prices by using observable inputs which includes the Company’s standard published price lists.
Commissions and Incentives	Commissions and Incentives Associates earn commissions and incentives based on their direct and indirect commissionable net sales over each month of the fiscal year. The Company accrues commissions and incentives when earned by associates and pays commissions on product and pack sales on a monthly basis.
Comprehensive Income and Accumulated Other Comprehensive Income	Comprehensive Income and Accumulated Other Comprehensive Income Comprehensive income is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources and includes all changes in equity during a period except those resulting from investments by owners and distributions to owners. The Company’s comprehensive income consists of the Company’s net income, foreign currency translation adjustments from its Japan, Republic of Korea, Taiwan, Denmark, Norway, Sweden, Mexico and China operations, remeasurement of intercompany balances of a long-term-investment nature from its Taiwan, Mexico and Cyprus operations, and changes in the pension obligation for its Japanese employees.
Recently Adopted and Issued But Not Yet Effective Accounting Pronouncements
Fair Value	The Company utilizes fair value measurements to record fair value adjustments to certain financial assets and to determine fair value disclosures. Fair Value Measurements and Disclosure (Topic 820) of the Financial Accounting Standards Board (“FASB”) establishes a fair value hierarchy that requires the use of observable market data, when available, and prioritizes the inputs to valuation techniques used to measure fair value in the following categories: • Level 1 – Quoted unadjusted prices for identical instruments in active markets. • Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which all observable inputs and significant value drivers are observable in active markets. • Level 3 – Model-derived valuations in which one or more significant inputs or significant value drivers are unobservable, including assumptions developed by the Company. The primary objective of the Company’s investment activities is to preserve principal while maximizing yields without significantly increasing risk. The investment instruments held by the Company are money market funds and interest-bearing deposits for which quoted market prices are readily available. The Company considers these highly liquid investments to be cash equivalents. These investments are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company does not have any material financial liabilities that were required to be measured at fair value on a recurring basis at March 31, 2024.
Accrued Expenses	Accrued Expenses Accrued expenses consisted of the following (in thousands): March 31, 2024 December 31, 2023 Accrued compensation $ 1,772 $ 1,707 Accrued inventory purchases 112 861 Accrued royalties 39 38 Accrued sales and other taxes 181 201 Other accrued operating expenses 361 506 Customer deposits and sales returns 573 515 Accrued travel expenses related to corporate events 123 131 Accrued shipping and handling costs 312 291 Accrued rent expense 3 3 Accrued legal and accounting fees 735 865 Right of use Liabilities-Operating leases 1,688 1,661 $ 5,899 $ 6,779

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reconciliation of cash, cash equivalents, and restricted cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the Company's condensed consolidated balance sheets to the total amount presented in the condensed consolidated statement of cash flows (in thousands) : March 31, 2024 December 31, 2023 March 31, 2023 December 31, 2022 Cash and cash equivalents $ 7,911 $ 7,731 $ 13,682 $ 13,777 Current restricted cash 938 938 944 944 Long-term restricted cash 693 718 465 476 Cash, cash equivalents, and restricted cash $ 9,542 $ 9,387 $ 15,091 $ 15,197
Loyalty deferred revenue	The deferred revenue associated with the loyalty program at each of March 31, 2024 and March 31, 2023 was $3.1 million and $3.7 million, respectively. Loyalty program (in thousands) March 31, 2024 March 31, 2023 Loyalty deferred revenue at beginning of the period $ 3,242 $ 4,167 Loyalty points forfeited or expired (718) (770) Loyalty points used (2,381) (2,483) Loyalty points vested 2,152 1,938 Loyalty points unvested 761 896 Loyalty deferred revenue at end of period $ 3,056 $ 3,748
Sales return reserve	, our sales return reserve consisted of the following (in thousands) : March 31, 2024 March 31, 2023 Sales reserve at beginning of period $ 41 $ 59 Provision in current period 178 266 Returns charged off against the reserve (166) (244) Sales reserve at end of period $ 53 $ 81
Other Noncurrent Liabilities	Other Long-Term Liabilities Other long-term liabilities consisted of the following (in thousands) . See Note 8, Leases, for more information. S ee Note 9, Employee Benefit Plans , of the Company’s 2023 Annual Report for more information. March 31, 2024 December 31, 2023 Right of use liabilities- Operating leases $ 2,242 $ 2,582 Accrued lease restoration costs 351 369 Government required severance 793 822 Defined benefit plan obligation 192 213 $ 3,578 $ 3,986

INVENTORIES (Tables)

INVENTORIES (Tables)	3 Months Ended
	Mar. 31, 2024
Inventory Disclosure [Abstract]
Schedule of inventory	Inventories as of March 31, 2024 and December 31, 2023, consisted of the following (in thousands) : March 31, 2024 December 31, 2023 Raw materials $ 5,068 $ 5,104 Finished goods 8,611 9,431 Total $ 13,679 $ 14,535

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of compensation cost	The Company recognized compensation expense as follows for the three months ended March 31 (in thousands) : Three Months Ended 2024 2023 Total gross compensation expense $ 12 $ 11 Total tax benefit associated with compensation expense 2 3 Total net compensation expense $ 10 $ 8
Schedule of unrecognized compensation expense	As of March 31, 2024, the Company expects to record compensation expense in the future as follows (in thousands) : Nine months Years ending December 31, 2025 2026 Total gross unrecognized compensation expense $ 41 $ 29 $ — Equity-Based Compensation to Directors At the discretion of the Board, each director may receive a portion of their fees payable in stock grants in lieu of cash compensation. At March 31, 2024 and 2023, the Company issued a total of 24,660 and 12,808 treasury stock to the members of the Board as a part of their compensation, respectively. The stock grants to the Board were vested upon grant and the Company recognized $0.2 million compensation expense at each of March 31, 2024 and 2023.

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
Components of accumulated other comprehensive income	The after-tax components of accumulated other comprehensive loss are as follows (in thousands) : Foreign Pension Accumulated Balance as of December 31, 2023 $ (1,427) $ 412 $ (1,015) Current-period change (1) (1,431) — (1,431) Balance as of March 31, 2024 $ (2,858) $ 412 $ (2,446) (1) No material amounts were reclassified from accumulated other comprehensive loss.

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Fair value, assets measured on recurring basis	The tables below present the recorded amount of financial assets measured at fair value (money market fund) (in thousands) on a recurring basis as of March 31, 2024 and December 31, 2023. The Company's interest-bearing deposits are measured at amortized cost, which approximates fair value to the carrying value due to the relatively short maturity of the asset, (in thousands). The Company did not have any financial assets measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. The Company did not have any material financial liabilities that were required to be measured at fair value on a recurring basis at March 31, 2024 and December 31, 2023. March 31, 2024 Level 1 Level 2 Level 3 Total Assets Money Market Funds – JPMorgan Chase, US $ 1,609 $ — $ — $ 1,609 Interest bearing deposits – various banks 1,070 — — 1,070 Total assets $ 2,679 $ — $ — $ 2,679 Amounts included in Assets: Cash and cash equivalents $ 1,609 $ — $ — $ 1,609 Restricted cash 674 — — 674 Long-term restricted cash 396 — — 396 Total $ 2,679 $ — $ — $ 2,679 December 31, 2023 Level 1 Level 2 Level 3 Total Assets Money Market Funds – JPMorgan Chase, US $ 2,310 $ — $ — $ 2,310 Interest bearing deposits – various banks 1,084 — — 1,084 Total assets $ 3,394 $ — $ — $ 3,394 Amounts included in Assets: Cash and cash equivalents $ 2,310 $ — $ — $ 2,310 Restricted cash 674 — — 674 Long-term restricted cash 410 — — 410 Total $ 3,394 $ — $ — $ 3,394

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2024
Segment Reporting [Abstract]
Net sales shipped to customers by geographic region	Consolidated net sales shipped to customers in these regions, along with pack or associate fee and product information for the three months ended March 31, were as follows (in millions, except percentages) : Three Months Ended Region 2024 2023 Americas $ 10.2 34.7 % $ 10.5 30.8 % Asia/Pacific 17.1 58.2 % 21.1 61.9 % EMEA 2.1 7.1 % 2.5 7.3 % Total sales $ 29.4 100.0 % $ 34.1 100.0 %
Product and pack information	Three Months Ended 2024 2023 Product sales $ 27.9 $ 31.9 Pack sales 1.1 2.1 Other 0.4 0.1 Total sales $ 29.4 $ 34.1
Long-lived assets, by geographic region	Long-lived assets, which include property and equipment and construction in process for the Company and its subsidiaries, as of March 31, 2024 and December 31, 2023, reside in the following regions, as follows (in millions) : Region March 31, 2024 December 31, 2023 Americas $ 3.3 $ 3.6 Asia/Pacific 0.5 0.5 EMEA — — Total long-lived assets $ 3.8 $ 4.1
Inventory balances, by region	Inventory balances, which consist of raw materials, finished goods, and promotional materials, as offset by the allowance for slow moving or obsolete inventories, reside in the following regions (in millions) : Region March 31, 2024 December 31, 2023 Americas $ 8.3 $ 8.3 Asia/Pacific 3.9 4.6 EMEA 1.5 1.6 Total inventory $ 13.7 $ 14.5

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2024
Leases [Abstract]
Schedule Of Maturities Of Operating And Finance Leases Liabilities [Table Text Block]	As of March 31, 2024, the Company's future sublease income and minimum future lease payments on operating and finance leases were as follows (in thousands) : March 31, 2024 Future Maturities of Leases Operating Leases Finance Leases Sublease Income Remaining 2024 $ 1,367 $ 248 $ (99) 2025 1,245 327 (132) 2026 726 327 (132) 2027 649 315 (132) 2028 268 90 (55) Total minimum lease payments 4,255 1,307 (550) Imputed interest (326) (154) — Present value of minimum lease payments $ 3,929 $ 1,153 $ (550)

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Cash and cash equivalents	$ 7,911	$ 7,731	$ 13,682	$ 13,777
Credit card receivables	1,900	1,400
Cash and cash equivalents held in foreign bank accounts	4,000	3,500
Restricted cash	1,600	1,700
Notes payable	500
Current notes payable	$ 525	240
Debt, Weighted Average Interest Rate	10.50%
Revenue, Remaining Performance Obligation Delivery, Amount	$ 1,100	1,400
Revenue, Remaining Performance Obligation Associate Fees, Amount	100
Customer Loyalty Program Contract Liability, Current	3,056	3,242	3,748	$ 4,167
Allowance for doubtful accounts	1,200		$ 1,109
South Korea
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Net assets	$ 3,500	$ 2,300

ORGANIZATION AND SUMMARY OF S_4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Schedule of Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Cash And Cash Equivalents, Resticted Cash And Restricted Cash Equivalents [Roll Forward]
Cash and cash equivalents	$ 7,911	$ 7,731	$ 13,682	$ 13,777
Restricted Cash and Cash Equivalents, Current	938	938	944	944
Restricted Cash and Cash Equivalents, Noncurrent	693	718	465	476
Cash, cash equivalents and restricted cash	$ 9,542	$ 9,387	$ 15,091	$ 15,197

ORGANIZATION AND SUMMARY OF S_5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable, net of allowance of $1,200 and $1,278	$ 320		$ 91	$ 218
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Accounts receivable, allowance for doubtful accounts	1,200		$ 1,278	$ 973
Accounts Receivable, Allowance for Credit Loss, Period Increase (Decrease)	(75)	$ (17)
Accounts Receivable, Allowance for Credit Loss, Recovery	(3)	153
Allowance for doubtful accounts	$ 1,200	$ 1,109

ORGANIZATION AND SUMMARY OF S_6

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating Lease, Right-of-Use Asset	$ 3,104	$ 3,315
Deposit Assets	2,121	2,204
Security Deposit	1,249	1,310
Indefinite-lived Intangible Assets (Excluding Goodwill)	237	237
Other assets	$ 6,711	$ 7,066

ORGANIZATION AND SUMMARY OF S_7

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accrued Expenses (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued Employee Benefits, Current	$ 1,772	$ 1,707
Non-inventory accrual, current	112	861
Accrued Royalties, Current	39	38
Sales and Excise Tax Payable, Current	181	201
Other Accrued Liabilities, Current	361	506
Accrued customer deposits and sales returns current	573	515
Accrued travel expenses related to corporate events	123	131
Accrued shipping and handling costs	312	291
Accrued Rent	3	3
Accrued Professional Fees	735	865
Operating Lease, Liability, Current	1,688	1,661
Accrued expenses	$ 5,899	$ 6,779

ORGANIZATION AND SUMMARY OF S_8

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Long Term Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Operating Lease, Liability, Noncurrent	$ 2,242	$ 2,582
Accrued lease restoration costs	351	369
Supplemental Unemployment Benefits, Severance Benefits	793	822
Defined benefit plan obligation	192	213
Other long-term liabilities	$ 3,578	$ 3,986

ORGANIZATION AND SUMMARY OF S_9

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Deferred Commissions (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred Sales Commission	$ 1,836	$ 2,525	$ 2,130	$ 2,476
Amortization of Deferred Sales Commissions	(1,411)	(1,779)
Increase (Decrease) Deferred Commission	$ 1,117	$ 1,828

ORGANIZATION AND SUMMARY OF _10

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loyalty Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Loyalty program (in thousands)
Loyalty deferred revenue, beginning balance	$ 3,242	$ 4,167
Loyalty points forfeited or expired	(718)	(770)
Loyalty points used	(2,381)	(2,483)
Loyalty points vested	2,152	1,938
Loyalty points unvested	761	896
Loyalty deferred revenue, ending balance	3,056	3,748
Deferred commissions	1,836		$ 2,130
Deferred Revenue	4,235	5,504	$ 4,786	$ 5,106
Deferred Revenue, Revenue Recognized	(3,733)	(3,566)
Deferred Revenue, Period Increase (Decrease)	$ 3,182	$ 3,964

ORGANIZATION AND SUMMARY OF _11

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Sales Refunds and Allowances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount		$ 81		$ 59
Valuation Allowances and Reserves, Charged to Cost and Expense, Current year sales		266
SEC Schedule, 12-09, Valuation Allowances and Reserves, Increase (Decrease) Adjustment		$ (244)
Allowance for Sales Returns
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
SEC Schedule, 12-09, Valuation Allowances and Reserves, Amount	$ 53		$ 41
Valuation Allowances and Reserves, Charged to Cost and Expense, Current year sales	178
SEC Schedule, 12-09, Valuation Allowances and Reserves, Increase (Decrease) Adjustment	$ (166)

INVENTORIES (Details)

INVENTORIES (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Raw materials	$ 5,068	$ 5,104
Finished goods	8,611	9,431
Inventory reserves for obsolescence	(400)
Total	$ 13,679	$ 14,535

INCOME TAXES (Details)

INCOME TAXES (Details)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	36%	43.60%

EARNINGS (LOSS) PER SHARE (Deta

EARNINGS (LOSS) PER SHARE (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Apr. 17, 2017
Earnings Per Share [Abstract]
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements			18,221
Diluted (in shares)	1,884,000		1,891,000
Average common stock closing price (in dollars per share)	$ 8.84		$ 17.02
Basic (in shares)	1,884,000		1,872,000
Antidilutive securities excluded from earnings per share, amount (in shares)	199,824		86,276
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	8,187
Number of shares authorized (in shares)					370,000
Incremental Restricted Shares Attributable to Dilutive Effect of Share-Based Payment Arrangements	$ 8,187
Net loss	$ 1,180,000	$ 1,180,000	$ 604,000	$ 604,000
Basic (in dollars per share)	$ 0.63		$ 0.32
Diluted (in dollars per share)	$ 0.63		$ 0.32

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended
	Mar. 16, 2023	Mar. 05, 2023	Mar. 31, 2024	Apr. 17, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)				370,000
Number of shares available for grant (in shares)			75,621
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			8,187
Dividend payable per share (in dollars per share)		$ 0.2
Dividends paid	$ 400
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentages of stock option ownership considered for higher exercise price of option			10%
Vesting period of stock options			2 years
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option exercise price as percentages of closing exercise price of stock for specific shareholders			110%
Vesting period of stock options			3 years
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period of stock option plan			10 years
Incentive Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period of stock option plan			5 years

STOCK-BASED COMPENSATION - Reco

STOCK-BASED COMPENSATION - Recognized Compensation Expense (Details) - Stock Options - 2017 Plan - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total gross compensation expense	$ 12	$ 11
Total tax benefit associated with compensation expense	2	3
Total net compensation expense	10	$ 8
Total gross unrecognized compensation expense
Six months ending December 31, 2018	41
2019	29
2020	$ 0

SHAREHOLDERS' EQUITY - Narrativ

SHAREHOLDERS' EQUITY - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 16, 2023	Mar. 05, 2023	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Common Stock
Common stock, par value (in dollars per share)			$ 0.0001	$ 0.0001
Common stock, shares outstanding (in shares)			1,884,814	1,860,154	1,873,608	1,858,800
Dividends [Abstract]
Dividend payable per share (in dollars per share)		$ 0.2
Dividends paid	$ 400
Treasury Stock, Common, Shares			858,043	882,703	882,703

SHAREHOLDERS' EQUITY - Accumula

SHAREHOLDERS' EQUITY - Accumulated Other Comprehensive Income (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
45382	$ 10,484
45382	10,445
Accumulated Other Comprehensive Income, Net
AOCI Attributable to Parent, Net of Tax [Roll Forward]
45382	(1,015)
Current-period change	(1,431)
45382	(2,446)
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
45382	(1,427)
Current-period change	(1,431)
45382	(2,858)
Pension Postretirement Benefit Obligation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
45382	412
Current-period change	0
45382	$ 412

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Amounts included in Assets:
Restricted cash	$ 1,600	$ 1,700
Recurring Basis
Assets
Money Market Funds – JPMorgan Chase, US	1,609	2,310
Interest bearing deposits – various banks	1,070	1,084
Amounts included in Assets:
Cash and cash equivalents	1,609	2,310
Restricted cash	674	674
Long-term restricted cash	396	410
Total	2,679	3,394
Recurring Basis | Level 1
Assets
Money Market Funds – JPMorgan Chase, US	1,609	2,310
Interest bearing deposits – various banks	1,070	1,084
Amounts included in Assets:
Cash and cash equivalents	1,609	2,310
Restricted cash	674	674
Long-term restricted cash	396	410
Total	2,679	3,394
Recurring Basis | Level 2
Assets
Money Market Funds – JPMorgan Chase, US	0	0
Interest bearing deposits – various banks	0	0
Amounts included in Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term restricted cash	0	0
Total	0	0
Recurring Basis | Level 3
Assets
Money Market Funds – JPMorgan Chase, US	0	0
Interest bearing deposits – various banks	0	0
Amounts included in Assets:
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term restricted cash	0	0
Total	$ 0	$ 0

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2024 region
Segment Reporting [Abstract]
Number of regions in which company sells products	3

SEGMENT INFORMATION - Revenue b

SEGMENT INFORMATION - Revenue by Geographic Location (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 29,393	$ 34,114
Percent of total revenue	100%	100%
Long-lived assets	$ 3,800		$ 4,100
Inventories, net	13,679		14,535
Product sales
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	27,900	$ 31,900
Consolidated pack sales and associate fees
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	1,100	2,100
Other
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	400	100
Americas
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 10,200	$ 10,500
Percent of total revenue	34.70%	30.80%
Asia/Pacific
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 17,100	$ 21,100
Percent of total revenue	58.20%	61.90%
EMEA
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 2,100	$ 2,500
Percent of total revenue	7.10%	7.30%
Reportable Geographical Components | Americas
Revenue from External Customer [Line Items]
Long-lived assets	$ 3,300		3,600
Inventories, net	8,300		8,300
Reportable Geographical Components | Asia/Pacific
Revenue from External Customer [Line Items]
Long-lived assets	500		500
Inventories, net	3,900		4,600
Reportable Geographical Components | EMEA
Revenue from External Customer [Line Items]
Long-lived assets	0		0
Inventories, net	$ 1,500		$ 1,600

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Lessor, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 3,104	$ 3,315
Finance and Operating Lease Assets	4,255	4,551
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	1,367
Finance Lease, Liability, Payments, Remainder of Fiscal Year	248
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two	1,245
Lessee, Operating Lease, Liability, Payments, Due Year Three	726
Finance Lease, Liability, Payments, Due Year Three	327
Finance Lease, Liability, Payments, Due Year Four	327
Lessee, Operating Lease, Liability, Payments, Due Year Five	649
Finance Lease, Liability, Payments, Due Year Five	315
Lessee Operating Lease Liability Payments Due After Year Six	268
Finance Lease, Liability, Payments, Due after Year Five	90
Lessee, Operating Lease, Liability, Payments, Due	4,255
Finance Lease, Liability, Payment, Due	1,307
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(326)
Finance Lease, Liability, Undiscounted Excess Amount	(154)
Operating Lease, Liability	3,929
Finance Lease, Liability	1,153
Operating Lease, Liability, Current	1,688	1,661
Operating Lease, Liability, Noncurrent	2,242	2,582
Finance and Operating Lease Liabilities	5,083	5,468
Operating Leases, Future Minimum Payments Receivable, Thereafter	(55)
Operating Leases, Future Minimum Payments Receivable	(550)
Operating Leases, Future Minimum Payments Receivable, in Two Years	(132)
Operating Leases, Future Minimum Payments Receivable, in Three Years	(132)
Operating Leases, Future Minimum Payments Receivable, in Four Years	(132)
Operating Leases, Future Minimum Payments Receivable, Current	$ (99)
Operating Lease, Weighted Average Remaining Lease Term	3 years 1 month 28 days
Operating Lease, Weighted Average Discount Rate, Percent	4.50%
Finance Lease, Weighted Average Remaining Lease Term	3 years 11 months 12 days
Finance Lease, Weighted Average Discount Rate, Percent	6.40%
Operating Leases, Income Statement, Sublease Revenue	$ 100	100
Property, Plant and Equipment, Type [Domain]
Lessor, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset	1,151	1,236
Accrued Expenses [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Liability, Current	1,688	1,661
Current portion of capital leases [Member]
Lessor, Lease, Description [Line Items]
Finance Lease, Liability, Current	265	269
Other longterm liabilities [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Liability, Noncurrent	2,242	2,582
Finance Lease, Liability, Noncurrent	888	956
Other Assets [Member]
Lessor, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 3,104	$ 3,315

Uncategorized Items - mtex-2024

Label	Element	Value
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	$ 12,000
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	11,000
Shares Granted, Value, Share-Based Payment Arrangement, before Forfeiture	us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross	223,000
Shares Granted, Value, Share-Based Payment Arrangement, before Forfeiture	us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross	200,000
Dividends, Common Stock, Cash	us-gaap_DividendsCommonStockCash	375,000
Common Stock [Member]
Equity, Attributable to Parent	us-gaap_StockholdersEquity	0
Equity, Attributable to Parent	us-gaap_StockholdersEquity	0
Additional Paid-in Capital [Member]
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	11,000
APIC, Share-Based Payment Arrangement, Increase for Cost Recognition	us-gaap_AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	12,000
Equity, Attributable to Parent	us-gaap_StockholdersEquity	33,277,000
Equity, Attributable to Parent	us-gaap_StockholdersEquity	32,948,000
Shares Granted, Value, Share-Based Payment Arrangement, before Forfeiture	us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross	(76,000)
Shares Granted, Value, Share-Based Payment Arrangement, before Forfeiture	us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross	(373,000)
Stock Issued During Period, Value, Stock Options Exercised	us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised	(35,000)
AOCI Attributable to Parent [Member]
Equity, Attributable to Parent	us-gaap_StockholdersEquity	(1,007,000)
Equity, Attributable to Parent	us-gaap_StockholdersEquity	(2,446,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	(799,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	us-gaap_OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	(1,431,000)
Retained Earnings [Member]
Equity, Attributable to Parent	us-gaap_StockholdersEquity	(121,000)
Equity, Attributable to Parent	us-gaap_StockholdersEquity	1,915,000
Net Income (Loss)	us-gaap_NetIncomeLoss	1,180,000
Net Income (Loss)	us-gaap_NetIncomeLoss	604,000
Dividends, Common Stock, Cash	us-gaap_DividendsCommonStockCash	375,000
Treasury Stock, Common [Member]
Equity, Attributable to Parent	us-gaap_StockholdersEquity	(20,333,000)
Equity, Attributable to Parent	us-gaap_StockholdersEquity	(19,936,000)
Shares Granted, Value, Share-Based Payment Arrangement, before Forfeiture	us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross	299,000
Shares Granted, Value, Share-Based Payment Arrangement, before Forfeiture	us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationGross	573,000
Stock Issued During Period, Value, Stock Options Exercised	us-gaap_StockIssuedDuringPeriodValueStockOptionsExercised	$ 47,000