0001056358-23-000022 | 10-K | XBRL Viewer

Print Document View Excel Document

Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2022	Feb. 28, 2023	Jun. 30, 2022
Document and Entity Information [Abstract]
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-K
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding (shares)		1,873,608
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Public Float			$ 17,136,784.5
Document Transition Report	false
City Area Code	75028
Entity File Number	000-24657
Local Phone Number	471-7400
Entity Tax Identification Number	75-2508900
Trading Symbol	MTEX
City Area Code	972
Entity Incorporation, State or Country Code	TX
Entity Address, Address Line One	1410 Lakeside Parkway, Suite 200,
Entity Address, State or Province	TX
Entity Address, City or Town	Flower Mound,
Auditor Firm ID	243
Auditor Name	BDO USA, LLP
Auditor Location	Dallas, Texas, USA
Security Exchange Name	NASDAQ
Document Annual Report	true
Entity Interactive Data Current	Yes
ICFR Auditor Attestation Flag	false
Entity Ex Transition Period	false
Title of 12(b) Security	Common Stock, par value $0.0001 per share
Shares Issued, Price Per Share			$ 16.50

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and cash equivalents	$ 13,777	$ 24,185
Restricted cash	944	944
Accounts receivable, net of allowance of $973 and $987 in 2022 and 2021, respectively	218	90
Income tax receivable	423	342
Inventories, net	14,726	12,020
Prepaid expenses and other current assets	2,389	2,888
Deferred commissions	2,476	2,369
Total current assets	34,953	42,838
Long-lived assets	3,759	4,239
Construction in progress	378	1,357
Long-term restricted cash	476	503
Other assets	8,439	9,220
Deferred Tax Assets, Net	1,501	2,825
Total assets	49,128	59,625
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current portion of finance leases	61	68
Accounts payable	4,361	3,969
Accrued expenses	7,510	9,224
Commissions and incentives payable	9,256	9,611
Taxes payable	3,281	2,154
Current notes payable	263	205
Deferred revenue	5,106	4,867
Total current liabilities	29,838	30,098
Finance leases, excluding current portion	88	66
Other long-term liabilities	5,026	5,049
Total liabilities	34,952	35,213
Commitments and contingencies (Note 11)
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 1,858,800 shares outstanding as of December 31, 2022 and 2,742,857 shares issued and 1,940,687 shares outstanding as of December 31, 2021	0	0
Additional paid-in capital	33,377	33,277
Retained earnings	1,686	7,708
Accumulated other comprehensive (loss) income	(208)	2,342
Treasury stock, at average cost, 884,057 shares as of December 31, 2022 and 802,170 shares as of December 31, 2021	(20,679)	(18,915)
Total shareholders’ equity	14,176	24,412
Total liabilities and shareholders’ equity	$ 49,128	$ 59,625

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Accounts receivable, allowance for doubtful accounts	$ 973	$ 987
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)	1,858,800	1,940,687
Treasury stock, shares (in shares)	884,057	802,170

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Statement [Abstract]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 137,208	$ 159,762
Cost of sales	33,060	34,149
Gross profit	104,148	125,613
Operating expenses:
Commissions and incentives	55,483	63,784
Selling and administrative expenses	27,470	29,427
Depreciation and amortization	1,627	1,719
Other operating costs	19,973	21,634
Total operating expenses	104,553	116,564
(Loss) income from operations	(405)	9,049
Interest income	88	66
Other (expense), net	(162)	(223)
(Loss) income before income taxes	(479)	8,892
Income tax (provision) benefit	(4,011)	950
Net (loss) income	$ (4,490)	$ 9,842
(Loss) income per common share:
Basic (in dollars per share)	$ (2.35)	$ 4.95
Diluted (in dollars per share)	$ (2.35)	$ 4.71
Weighted-average common shares outstanding:
Basic (in shares)	1,913	1,990
Diluted (in shares)	1,913	2,088

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net (loss) income	$ (4,490)	$ 9,842
Foreign currency translations loss	(2,546)	(2,832)
Pension obligations, net of tax provision of $10 and $13 in 2022 and 2021, respectively	19	24
Other Comprehensive Income (Loss), Net of Tax	(2,527)	(2,808)
Comprehensive (loss) income	$ (7,017)	$ 7,034

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22595-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 65
-Paragraph 1
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126732423&loc=SL123482106-238011

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 6
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124452729-227067

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI https://asc.fasb.org/extlink&oid=126954810&loc=d3e3602-108585

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22499-107794

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22583-107794

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126958026&loc=SL5780133-109256

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 25: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 27: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22694-107794

Reference 28: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

+ Details

- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442407-227067

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32136-110900

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(21))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 55
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=124507222&loc=d3e1436-108581

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 20
-URI https://asc.fasb.org/extlink&oid=118261656&loc=d3e32211-110900

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 50
-Paragraph 5
-URI https://asc.fasb.org/extlink&oid=124431353&loc=SL124442411-227067

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126968391&loc=SL7669625-108580

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(23))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(19))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

+ Details

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Pension obligations, tax	$ 10	$ 13

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common stock	Additional paid in capital	Retained earnings (accumulated deficit)	Accumulated other comprehensive income (loss)	Treasury stock
Beginning balance at Dec. 31, 2020	$ 25,972	$ 0	$ 33,795	$ 2,213	$ 5,150	$ (15,186)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Charge related to stock-based compensation	50		50
Repurchase of common stock	545		(419)			964
Treasury Stock, Value, Acquired, Cost Method	(5,052)		0			(5,052)
Release of restricted stock	0		(105)			105
Foreign currency translation	(2,832)				(2,832)
Pension obligations, net of tax of $10	24				24
Issuance of unrestricted shares	210		(44)			254
Net loss	9,842			9,842
Dividends, Common Stock, Cash	(4,347)			(4,347)
Ending balance at Dec. 31, 2021	24,412	0	33,277	7,708	2,342	(18,915)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Charge related to stock-based compensation	78		78
Treasury Stock, Value, Acquired, Cost Method	(1,982)		0			(1,982)
Release of restricted stock	0		(75)			75
Prior Period Reclassification Adjustment	(23)			0	23
Foreign currency translation	(2,546)				(2,546)
Pension obligations, net of tax of $10	19				19
Issuance of unrestricted shares	240		97			143
Net loss	(4,490)			(4,490)
Dividends, Common Stock, Cash	(1,532)			(1,532)
Ending balance at Dec. 31, 2022	$ 14,176	$ 0	$ 33,377	$ 1,686	$ (208)	$ (20,679)

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Stockholders' Equity [Abstract]
Pension obligations, tax	$ 10	$ 13

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (4,490)	$ 9,842
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization	1,627	1,719
Operating Right Of Use Lease Liabilities Net	1,868	2,201
Provision for inventory losses	543	638
(Recovery of) Provision for doubtful accounts	(26)	246
Loss on disposal of assets	3	36
Stock-based compensation expense	337	260
Deferred income taxes	1,226	(1,728)
Changes in operating assets and liabilities:
Accounts receivable	(102)	(150)
Income tax receivable	(81)	666
Inventories	(3,249)	169
Prepaid expenses and other current assets	1,296	144
Deferred commissions	768	486
Other Assets	(107)	(26)
Accounts payable	392	(828)
Accrued expenses and other long-term liabilities	(3,592)	(1,663)
Taxes payable	1,127	754
Commissions and incentives payable	(355)	(1,387)
Deferred revenue	239	(605)
Net cash (used in) provided by operating activities	(2,599)	10,774
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment	(1,063)	(650)
Net Cash Provided by (Used in) Investing Activities	(1,063)	(650)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from stock options exercised	0	545
Repurchase of common stock	(1,982)	(5,052)
Payment of cash dividends	(1,532)	(4,347)
Repayment of finance lease obligations and other financing obligations	(817)	(435)
Net Cash Provided by (Used in) Financing Activities	(4,331)	(9,289)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations	(2,442)	(2,700)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect	(10,435)	(1,865)
Cash and cash equivalents and restricted cash at the end of the year	13,777	24,185
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Income taxes paid, net	715	137
Interest paid on finance leases	32	31
Assets acquired through financing arrangements under ASC 840	798	0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	15,197	25,632
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	1,855	70
Right-of-Use Asset Obtained in Exchange for Finance Lease Liability	93	0
Treasury shares exchanged for stock options exercised	75	105
Gain (Loss) on Disposition of Stock in Subsidiary	$ (23)	$ 0

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

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).

Active business building associates ("independent associates" or "associates" or "distributors") 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.

As a response to COVID-19, we closed some offices and worked remotely. The Company depends on an independent sales force of distributors to market and sell its products to consumers. Developments such as social distancing and shelter-in-place directives impacted, and may continue to impact, their ability to engage with potential and existing customers. The adverse economic effects of COVID-19 have had an impact on demand for the Company’s products due to government restrictions and changes in consumer behavior. Moreover, the Company has rescheduled corporate sponsored events, and in some cases, our associates have cancelled sales meetings.

For some products the Company experienced shortages of raw materials, packaging supplies and ingredients and we successfully worked through challenges in getting these materials and ingredients to our contract manufacturers and finished products to our distribution centers. Despite the impact on the global supply chain, the Company has overcome obstacles in shipping to our customers.

While the conditions described above are expected to be temporary, prolonged workforce disruptions, continued disruption in our supply chain and potential changes in consumer demands could negatively impact our sales as well as the Company’s overall liquidity. We are managing with a focus on our financial condition, liquidity, operations, suppliers, industry, and workforce.

Principles of Consolidation

The consolidated financial statements and footnotes include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation.

Use of Estimates

The preparation of the Company’s consolidated financial statements in accordance with generally accepted accounting principles 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 consolidated financial statements, but the accounting policies and estimates considered the most significant are described in this note to the consolidated financial statements, Organization and Summary of Significant Accounting Policies.

Foreign Currency Translation

The United States dollar is the functional currency for the majority of the Company’s foreign subsidiaries. As a result, nonmonetary assets and liabilities are translated at their approximate historical rates, monetary assets and liabilities are translated at exchange rates in effect at the end of the year, and revenues and expenses are translated at weighted-average exchange rates for the year. The local currency is the functional currency of our subsidiaries in Japan, Republic of Korea, Taiwan, Norway, Denmark, Sweden, Mexico and China. These subsidiaries’ assets and liabilities are translated into United States dollars at exchange rates existing at the balance sheet dates, revenues and expenses are translated at weighted-average exchange rates, and shareholders’ equity and intercompany balances are translated at historical exchange rates. The foreign currency translation adjustment is recorded as a component of shareholders’ equity and is included in accumulated other comprehensive income.

Foreign currency transaction losses totaled approximately $0.7 million and $0.2 million for the years ended December 31, 2022 and 2021, respectively, and are included in other (expense) income, net in the Company’s consolidated statements 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. 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. As of December 31, 2022 and 2021, credit card receivables were $1.9 million and $1.2 million, respectively, and cash and cash equivalents held in bank accounts in foreign countries totaled $11.3 million and $22.6 million, respectively. The Company invests cash in liquid instruments, such as money market funds and interest-bearing deposits. The Company also holds cash in high quality financial institutions and does not believe it has an excessive exposure to credit concentration risk.

At December 31, 2022, a portion of our cash and cash equivalent balances were concentrated within the Republic of South Korea, with total net assets within this foreign location totaling $21.3 million. In addition, for the year ended December 31, 2022, a concentrated portion of our operating cash flows were earned from operations within the Republic of South Korea. An adverse change in economic conditions within the Republic of South 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) Australia building lease collateral. At each of December 31, 2022 and 2021, our total restricted cash was $1.4 million. The Company classifies the restricted cash held in Korea and Australia as long-term since it relates to assets and services contracted for longer than one year.

The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the Company's consolidated balance sheets to the total amount presented in the consolidated statement of cash flows (in thousands):


	December 31, 2022		December 31, 2021
Cash and cash equivalents at beginning of period	$	24,185	$	22,207
Current restricted cash at beginning of period	944		944
Long-term restricted cash at beginning of period	503		4,346
Cash and cash equivalents and restricted cash at beginning of period	$	25,632	$	27,497

Cash and cash equivalents at end of period	$	13,777	$	24,185
Current restricted cash at end of period	944		944
Long-term restricted cash at end of period	476		503
Cash and cash equivalents and restricted cash at end of period	$	15,197	$	25,632

Accounts Receivable

Accounts receivable are carried at their estimated collectible amounts. As of December 31, 2022 and 2021, receivables consisted primarily of amounts due from preferred customers and associates. The Company periodically evaluates its receivables for collectability based on historical experience, recent account activities, and the length of time receivables are past due and writes-off receivables when they become uncollectible. At each of December 31, 2022 and 2021, the Company held an allowance for doubtful accounts of $1.0 million.

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.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets were $2.4 million and $2.9 million at December 31, 2022 and 2021, respectively. Included in the December 31, 2022 and 2021 balances were $1.2 million and $1.1 million in other prepaid assets. Also included in the balances at December 31, 2022 and 2021 were $0.9 million and $0.5 million for prepaid deposits, respectively. Also included in the balances at December 31, 2022 and 2021 were $0.3 million and $1.3 million in prepaid inventory, respectively.

Property and Equipment

Property and equipment are stated at cost, less accumulated depreciation and amortization computed using the straight-line method over the estimated useful life of each asset. Leasehold improvements are amortized over the shorter of the lease term or the estimated useful life of the improvements. Expenditures for maintenance and repairs are charged to expense as incurred. The cost of property and equipment sold or otherwise retired and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is included in other operating costs in the accompanying consolidated statements of operations. The estimated useful lives of fixed assets are as follows:


			Estimated useful life
Office furniture and equipment			5 to 7 years
Computer hardware and software			3 to 5 years
Automobiles			3 to 5 years
Leasehold improvements			2 to 10 years

Property and equipment are reviewed for impairment whenever an event or change in circumstances indicates that the carrying amount of an asset or group of assets may not be recoverable. The impairment review includes a comparison of future projected cash flows generated by the asset or group of assets with its associated net carrying value. If the net carrying value of the asset or group of assets exceeds expected cash flows (undiscounted and without interest charges), an impairment loss is recognized to the extent the carrying amount of the asset exceeds its fair value.

Other Assets

At December 31, 2022 and 2021, other assets were $8.4 million and $9.2 million, respectively. The December 31, 2022 and 2021 balances include operating lease right of use assets of $4.6 million and $4.7 million, respectively. See Note 5, Leases for more information. Included in the December 31, 2022 and 2021 balances were deposits for building leases in various locations of $1.3 million and $1.9 million, respectively. Also included in the December 31, 2022 and 2021 balances were $2.3 million and $2.4 million, respectively, representing a deposit with Mutual Aid Cooperative and Consumer in the Republic of Korea, an organization established by the Republic of Korea’s Fair Trade Commission’s approval to compensate and protect consumers who participate in network marketing activities from damages. Other assets at each of December 31, 2022 and 2021 also include $0.2 million of indefinite lived intangible assets relating to the Manapol® powder trademark.

Notes Payable

Notes payable were $0.3 million and $0.2 million as of December 31, 2022 and December 31, 2021, respectively, as a result of funding from a capital financing agreement related to our investment in leasehold improvements, 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 of 8.3% and are collateralized by leasehold improvements and computer hardware and software. At December 31, 2022 and December 31, 2021, the current portion was $0.3 million and $0.2 million, respectively.

Other Long-Term Liabilities

Other long-term liabilities were $5.0 million at each of December 31, 2022 and 2021. At December 31, 2022 and 2021, we recorded long-term lease liabilities related to operating leases of $4.2 million and $4.3 million, respectively. See Note 5, Leases for more information. As of December 31, 2022 and 2021, government mandated severance accruals in certain international offices amounted to $0.6 million and $0.5 million, respectively. The Company also recorded a long-term liability for an estimated defined benefit obligation related to a non-U.S. defined benefit plan for its Japan operations of $0.2 million at each of December 31, 2022 and 2021 (see Note 9, Employee Benefit Plans).

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.

Orders placed by associates or preferred customers constitute our contracts. 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. 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 sale 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 TrackerTM 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. 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.

Our sales mix for the years ended December 31, was as follows (in millions, except percentages):


	2022		Percentage		2021		Percentage
Consolidated product sales	$	130.2	94.9	%	$	151.0	94.4	%
Consolidated pack sales and associate fees	6.2		4.5	%	8.0		5.1	%
Consolidated other	0.8		0.6	%	0.8		0.5	%
Total consolidated net sales	$	137.2	100.0	%	$	159.8	100.0	%

Revenues by reporting segment are presented in Note 15, Segment Information of our consolidated financial statements. We believe that the disaggregation of our revenues as reflected above, coupled with further discussion below, and the reporting segment in Note 15, Segment Information depicts how the nature, amount, timing and uncertainty of our revenues and cash flows are affected by economic factors.

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 amortized to expense consistent with how the related revenue is recognized. Deferred commissions were $2.5 million and $2.4 million at December 31, 2022 and 2021, respectively. The full $2.4 million balance at December 31, 2021 was amortized to commissions expense for the twelve months ended December 31, 2022.

Deferred Revenue

The Company defers certain components of its revenue. Deferred revenue consisted of: (i) sales of products shipped but not received by the 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. At December 31, 2022 and 2021, the Company’s deferred revenue was $5.1 million and $4.9 million, respectively. The full $4.9 million balance at December 31, 2021 was recognized as revenue for the twelve months ended December 31, 2022.

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 automatic 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 December 31, 2022 and December 31, 2021 was $4.2 million and $4.3 million, as follows:


Loyalty program	(in thousands)
Loyalty deferred revenue as of January 1, 2021	$	4,487
Loyalty points forfeited or expired	(3,987)
Loyalty points used	(9,809)
Loyalty points vested	11,676
Loyalty points unvested	1,925
Loyalty deferred revenue as of December 31, 2021	$	4,292


Loyalty deferred revenue as of January 1, 2022	$	4,292
Loyalty points forfeited or expired	(3,387)
Loyalty points used	(10,543)
Loyalty points vested	12,773
Loyalty points unvested	1,032
Loyalty deferred revenue as of December 31, 2022	$	4,167

Sales Refund and Allowances

The Company utilizes the expected value method 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, our 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 1.5% or less of our gross sales. At December 31, 2022 and December 31, 2021, our sales return reserve, which is a component of Accrued expenses, consisted of the following (in thousands):


Sales reserve as of January 1, 2021	$	71
Provision related to sales made in current period	778
Adjustment related to sales made in prior periods	(11)
Actual returns or credits related to current period	(728)
Actual returns or credits related to prior periods	(55)
Sales reserve as of December 31, 2021	$	55

Sales reserve as of January 1, 2022	$	55
Provision related to sales made in current period	783
Adjustment related to sales made in prior periods	(4)
Actual returns or credits related to current period	(730)
Actual returns or credits related to prior periods	(45)
Sales reserve as of December 31, 2022	$	59

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. Freight and shipping fees are not deemed to be separate performance obligations as these activities occur before the customer receives the product.

Commission and Incentive Expenses

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.

Advertising Expenses

The Company expenses advertising and promotions in selling and administrative expenses when incurred. Advertising and promotional expenses were $3.2 million and $3.5 million for the years ended December 31, 2022 and 2021, respectively. Educational and promotional items are sold to associates to assist in their sales efforts and are included in inventories and charged to cost of sales when sold.

Research and Development Expenses

The Company expenses research and development expenses as incurred. Research and development expenses related to new product development, enhancement of existing products, clinical studies and trials, Food and Drug Administration compliance studies, general supplies, internal salaries, third-party contractors, and consulting fees were approximately $1.0 million and $1.2 million for the years ended December 31, 2022 and 2021, respectively. Salaries and contract labor are included in selling and administrative expenses and all other research and development costs are included in other operating costs.

Stock-Based Compensation

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. See Note 10, Stock Based Compensation.

Software Development Costs

The Company capitalizes qualifying internal payroll and external contracting and consulting costs related to the development of internal use software that are incurred during the application development stage, which includes design of the software configuration and interfaces, coding, installation, and testing. Costs incurred during the preliminary project along with post-implementation stages of internal use software are expensed as incurred. During the years ended December 31, 2022 and 2021, the Company capitalized $0.4 million and $0.3 million of qualifying internal payroll costs, respectively. The Company amortizes such costs over the estimated useful life of the software, which is three to five years once the software is placed in service.

Other Operating Costs

Other operating costs include travel, accounting/legal/consulting fees, credit card processing fees, banking fees, off-site storage fees, utilities, and other miscellaneous operating expenses.

Income Taxes

The Company determines the provision for income taxes using the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as income in the period that includes the enactment date. The Company evaluates the probability of realizing the future benefits of its deferred tax assets and provides a valuation allowance for the portion of any deferred tax assets where the likelihood of realizing an income tax benefit in the future does not meet the more likely than not criterion for recognition. The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being recognized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company recognizes both interest and penalties related to uncertain tax positions as part of the income tax provision.

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, Colombia, 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.

Concentration Risk

A significant portion of our revenue is derived from our Ambrotose Life®, TruHealth™, Advanced Ambrotose®, Manapol® Powder and Optimal Support Packets. A decline in sales value of such products could have a material adverse effect on our earnings, cash flows, and financial position. Revenue from these products were as follows for the years ended December 31, 2022 and 2021 (in thousands, except percentages):


	2022				2021
	Sales by product		% of total net sales		Sales by product		% of total net sales
Ambrotose Life®	$	28,734	20.9	%	$	28,776	18.0	%
TruHealth™	15,730		11.5	%	18,010		11.3	%
Advanced Ambrotose®	9,624		7.0	%	11,158		7.0	%
Manapol® Powder	7,909		5.8	%	13,141		8.2	%
Optimal Support Packets	6,916		5.0	%	7,593		4.7	%
Total	$	68,913	50.2	%	$	78,678	49.2	%

Our business is not currently exposed to customer concentration risk given that no independent associate has ever accounted for more than 10% of our consolidated net sales.

The Company maintains supply agreements with its suppliers and manufacturers. Some of the supply agreements contain exclusivity clauses and/or minimum annual purchase requirements. Failure to satisfy minimum purchase requirements could result in the loss of exclusivity. During the year ended December 31, 2022, the Company purchased finished goods from four suppliers that accounted for 60.1% of the year's cost of sales. During the year ended December 31, 2021, the Company purchased finished goods from four suppliers that accounted for 36.4% of the year's cost of sales. The Company maintains other supply and manufacturing agreements to minimize exposure to supplier risk.

Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of cash and cash equivalents, investments, receivables, and restricted cash. The Company utilizes financial institutions that the Company considers to be of high credit quality and periodically evaluates the credit rating of such institutions and the allocation of their investments to minimize exposure to credit concentration risk.

Reclassification of Prior Year Presentation

Certain prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on the reported balances or results of operations. An adjustment has been made to the Consolidated Balance Sheet for fiscal year ended December 31, 2021, to reclassify Construction in Progress to Property and Equipment, net.

Fair Value of Financial Instruments

The fair value of the Company’s financial instruments, including cash and cash equivalents, restricted cash, time deposits, money market investments, receivables, payables, and accrued expenses, approximate their carrying values due to their relatively short maturities. See Note 2 to our Consolidated Financial Statements, Fair Value, for more information.

Accounting Pronouncements Issued But Not Yet Effective

In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). This standard adds to U.S. GAAP an impairment model known as the current expected credit loss (“CECL model”) that is based on expected losses rather than incurred losses. Under the new guidance, an entity recognizes as an allowance its estimate of expected credit losses, which is intended to result in the more timely recognition of losses. Under the CECL model, entities will estimate credit losses over the entire contractual term of the instrument (considering estimated prepayments, but not expected extensions or modifications) from the date of initial recognition of the financial instrument. Measurement of expected credit losses are to be based on relevant forecasts that affect collectability. The scope of financial assets within the CECL methodology is broad and includes trade receivables from certain revenue transactions and certain off-balance sheet credit exposures. Different components of the guidance require modified retrospective or prospective adoption. ASU 2019-10 deferred the effective date of ASU 2016-13 for smaller reporting companies. This standard will be effective for us as of January 1, 2023. While our review is ongoing, we believe ASU 2016-13 will only have applicability to our receivables from revenue transactions. Under ASC Topic 606, revenue is recognized when, among other criteria, it is probable that the entity will collect the consideration to which it is entitled for goods or services transferred to a customer. At the point that trade receivables are recorded, they become subject to the CECL model and estimates of expected credit losses on trade receivables over their contractual life will be required to be recorded at inception based on historical information, current conditions, and reasonable and supportable forecasts. The Company has reviewed the pronouncement and not found any indication nor do we expect to find that the new guidance will have an impact on our consolidated financial statements or existing internal controls.

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.

FAIR VALUE

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

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 (Topic 820) of the 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 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 tables below present the recorded amount of financial assets measured at fair value, which approximately equates to the carrying value due to the relatively short maturities of these respective assets, (in thousands) on a recurring basis as of December 31, 2022 and 2021. The Company did not have any material financial liabilities that were required to be measured at fair value on a recurring basis at December 31, 2022 and 2021.


2022	Level 1		Level 2		Level 3		Total
Assets


Interest bearing deposits – various banks	$	3,855	$	—	$	—	$	3,855
Total assets	$	3,855	$	—	$	—	$	3,855
Amounts included in:
Cash and cash equivalents	$	3,014	$	—	$	—	$	3,014
Restricted cash	680		—		—		680
Long-term restricted cash	161		—		—		161
Total	$	3,855	$	—	$	—	$	3,855


2021	Level 1		Level 2		Level 3		Total
Assets

Interest bearing deposits – various banks	$	7,838	$	—	$	—	$	7,838
Total assets	$	7,838	$	—	$	—	$	7,838
Amounts included in:
Cash and cash equivalents	$	6,986	$	—	$	—	$	6,986
Restricted cash	680		—		—		680
Long-term restricted cash	172		—		—		172
Total	$	7,838	$	—	$	—	$	7,838

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

INVENTORIES

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

INVENTORIES

Inventories consist of raw materials, finished goods, and promotional materials. The Company provides an allowance for any slow-moving or obsolete inventories. Inventories as of December 31, 2022 and 2021, consisted of the following (in thousands):


	2022		2021
Raw materials	$	3,302	$	3,271
Finished goods	11,841		9,196
Inventory reserves for obsolescence	(417)		(447)
Total	$	14,726	$	12,020

PROPERTY AND EQUIPMENT

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

As of December 31, 2022 and 2021, construction in progress was $0.4 million and $1.4 million, respectively, which is primarily comprised of back-office software projects with service dates that are currently indeterminable. As of December 31, 2022 and 2021, property and equipment consisted of the following (in thousands):


	2022		2021
Office furniture and equipment	$	2,351	$	2,648
Computer hardware	3,515		3,755
Computer software	45,623		44,303
Automobiles	110		81
Leasehold improvements	4,079		4,292
ROU Assets- finance leases	182		177
	55,860		55,256
Less accumulated depreciation and amortization	(52,479)		(52,374)
Property and equipment, net	3,381		2,882
Construction in progress	378		1,357
Total	$	3,759	$	4,239

LEASES (Notes)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

LEASES

The Company leases office space and equipment from third-party lessors and accounts for leases in accordance with ASC Topic 842. 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.

Operating lease liabilities and finance lease liabilities with terms greater than 12 months are recorded at the present value of the lease payments at the commencement date. The related right of use assets are recorded on the same date at the amount of the initial liability, adjusted for incentives received, prepayments made to the lessor, and any initial direct costs incurred, as applicable. The Company uses the discount rate implicit in the lease when it is readily determinable. When it is not readily available, future lease payments are discounted using the incremental borrowing rate available to the Company. The incremental borrowing rate is the rate available to the Company for a fully collateralized, fully amortizing loan with the same term as the lease. Lease components, such as office space, are accounted for separately from the non-lease components, such as maintenance fees. Certain of the Company's leases may also include rent escalation clauses or options to extend or terminate the lease. These options are included in the present value recorded for the leases when it is reasonably certain that the Company will exercise that option. None of the Company’s current leases contain guarantees of residual value. Leases with an initial term of 12 months or less are considered short term and are not recorded on the balance sheet. The Company recognizes a lease expense for short term leases on a straight-line basis over the lease term.

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 December 31, 2022, all of the Company’s finance leases pertain to certain equipment used in the business.

As of December 31, 2022 and 2021, our leased assets and liabilities consisted of the following (in thousands):


Leases	Classification	December 31, 2022		December 31, 2021
Right of Use Assets
Operating leases	Other assets	$	4,649	$	4,625
Finance leases	Property and equipment, net	182		180
Total leased assets		4,831		4,805

Lease Liabilities
Current Portion
Operating leases	Accrued expenses	1,600		1,493
Finance leases	Current portion of finance leases	61		68

Long-Term Portion
Operating leases	Other long-term liabilities	4,153		4,318
Finance leases	Finance leases, excluding current portion	88		66
Total leased liabilities		$	5,902	$	5,945

Operating lease costs are recognized on a straight-line basis over the lease term. Finance lease costs are composed of the amortization of the right of use asset and the amounts recorded as interest. For the years ended December 31, 2022 and 2021, we incurred the following lease costs related to our operating and finance leases (in thousands):


Lease Cost	Classification	2022		2021
Operating leases
Operating lease costs	Other operating costs	$	2,137	$	2,201
Short term lease costs	Other operating costs	279		339

Finance leases
Amortization of leased assets	Depreciation and amortization	89		108
Interest on lease liabilities	Interest expense	9		28
Total lease cost		$	2,514	$	2,676

For the twelve months ended December 31, 2022 and 2021, cash paid for amounts included in the measurement of lease liabilities included (in thousands):


	2022		2021

Operating cash flows from operating leases	$	2,017	$	2,164
Financing cash flows from finance leases	$	76	$	87

As of December 31, 2022 and 2021 the Company's lease terms and discount rates were:


	2022		2021
Operating leases
Weighted-average remaining lease term (years)	4.07		5.04
Weighted-average discount rate	4.35	%	4.5	%

Finance leases
Weighted-average remaining lease term (years)	3.25		2.14
Weighted-average discount rate	7.43	%	6.57	%

As of December 31, 2022 future minimum lease payments were as follows (in thousands):


	December 31, 2022
Maturity of lease liabilities	Operating Leases		Finance Leases


2022	$	1,829	$	69
2023	1,772		43
2024	1,106		22
2025	704		21
2026	650		9
Thereafter	268		—
Total future minimum lease payments	$	6,329	$	164
Imputed interest	(576)		(15)
Present value of minimum lease payments	$	5,753	$	149

CAPITAL LEASE OBLIGATIONS

12 Months Ended

Dec. 31, 2022

Leases, Capital [Abstract]

Leases of Lessee Disclosure [Text Block]

LEASES

As of December 31, 2022 and 2021, our leased assets and liabilities consisted of the following (in thousands):


Leases	Classification	December 31, 2022		December 31, 2021
Right of Use Assets
Operating leases	Other assets	$	4,649	$	4,625
Finance leases	Property and equipment, net	182		180
Total leased assets		4,831		4,805

Lease Liabilities
Current Portion
Operating leases	Accrued expenses	1,600		1,493
Finance leases	Current portion of finance leases	61		68

Long-Term Portion
Operating leases	Other long-term liabilities	4,153		4,318
Finance leases	Finance leases, excluding current portion	88		66
Total leased liabilities		$	5,902	$	5,945


Lease Cost	Classification	2022		2021
Operating leases
Operating lease costs	Other operating costs	$	2,137	$	2,201
Short term lease costs	Other operating costs	279		339

Finance leases
Amortization of leased assets	Depreciation and amortization	89		108
Interest on lease liabilities	Interest expense	9		28
Total lease cost		$	2,514	$	2,676

For the twelve months ended December 31, 2022 and 2021, cash paid for amounts included in the measurement of lease liabilities included (in thousands):


	2022		2021

Operating cash flows from operating leases	$	2,017	$	2,164
Financing cash flows from finance leases	$	76	$	87

As of December 31, 2022 and 2021 the Company's lease terms and discount rates were:


	2022		2021
Operating leases
Weighted-average remaining lease term (years)	4.07		5.04
Weighted-average discount rate	4.35	%	4.5	%

Finance leases
Weighted-average remaining lease term (years)	3.25		2.14
Weighted-average discount rate	7.43	%	6.57	%

As of December 31, 2022 future minimum lease payments were as follows (in thousands):


	December 31, 2022
Maturity of lease liabilities	Operating Leases		Finance Leases


2022	$	1,829	$	69
2023	1,772		43
2024	1,106		22
2025	704		21
2026	650		9
Thereafter	268		—
Total future minimum lease payments	$	6,329	$	164
Imputed interest	(576)		(15)
Present value of minimum lease payments	$	5,753	$	149

ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

ACCRUED EXPENSES

As of December 31, 2022 and 2021, accrued expenses consisted of the following (in thousands):


	2022		2021
Accrued asset purchases	$	66	$	96
Accrued compensation	1,737		2,566
Accrued royalties	41		—
Accrued sales and other taxes	290		314
Other accrued operating expenses	473		1,528
Customer deposits and sales returns	641		774
Accrued travel expenses related to corporate events	834		879
Accrued shipping and handling costs	528		356

Accrued legal and accounting fees	1,300		1,218
Current portion of operating lease liabilities	1,600		1,493
	$	7,510	$	9,224

INCOME TAXES

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

INCOME TAXES

The components of the Company’s (loss) income before income taxes are attributable to the following jurisdictions for the years ended December 31 (in thousands):


	2022		2021
United States	$	(7,822)	$	6,947
Foreign	7,343		1,945
(Loss) income before income taxes	$	(479)	$	8,892

The components of the Company’s income tax provision (benefit) for the years ended December 31 (in thousands):


Current provision (benefit):	2022		2021
Federal	$	241	$	(17)
State	(37)		(161)
Foreign	2,581		956
	2,785		778
Deferred provision (benefit):
Federal	1,200		(1,183)
State	81		(131)
Foreign	(55)		(414)
	1,226		(1,728)
	$	4,011	$	(950)

For the years ended December 31, 2022 and 2021, the Company’s effective tax rate was (837.4)% and (10.7)%, respectively. The Company's effective tax rate for the year ended December 31, 2022 differed from the statutory rate due to additional taxes assessed as a result of the settlement of the income tax audit in Korea, the Company recording a valuation allowance on U.S. deferred tax assets largely driven by changes in expected earnings mix between jurisdictions, and the relative impact of these items on decreased earnings. The Company's effective tax rate for the year ended December 31, 2021 differed from the statutory rate due to the release of valuation allowance on U.S. deferred tax assets due to the expectation of current and future utilization.

A reconciliation of the Company’s effective income tax rate and the United States federal statutory income tax rate is summarized as follows, for the years ended December 31:


	2022		2021
Federal statutory income taxes	21.0	%	21.0	%
State income taxes, net of federal benefit	20.7		0.8
Difference in foreign and United States tax on foreign operations	(24.8)		0.7
Assessments from taxing authorities	(278.5)		—
Effect of changes in valuation allowance	(383.7)		(45.0)

Foreign Derived Intangible Income (FDII) deduction	—		(8.1)




Credits generated	15.2		(0.5)
Effect of changes in tax rates	19.4		0.2
Foreign charitable contributions	(12.5)		0.7
Return to provision adjustments	(43.4)		1.3



Withholding taxes	(50.3)		2.5
Changes to uncertain tax positions	—		(1.8)
Expiration of tax attribute	(135.5)		17.4
Other	15.0		0.1
	(837.4)	%	(10.7)	%

Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of the Company’s deferred tax assets and liabilities consisted of the following at December 31 (in thousands):


Deferred tax assets:	2022		2021
Deferred Revenue	$	629	$	409
Inventory	260		235
Accrued expenses	1,240		1,352

Net operating loss (1)	4,956		5,310
Equity Compensation	240		242
Foreign tax credit carryover	3,333		3,436
Lease liability	673		763
Capitalized research & development	218		—
Other	968		664
Total deferred tax assets	$	12,517	$	12,411
Valuation allowance	(9,772)		(7,934)
Total deferred tax assets, net of valuation allowance	$	2,745	$	4,477
Deferred tax liabilities:
Prepaid expenses	41		111
Deferred commissions	418		450
Internally-developed software	—		104
Lease assets	624		717
Fixed assets	161		270

Total deferred tax liabilities	$	1,244	$	1,652

Total net deferred tax asset	$	1,501	$	2,825

(1)The Company’s net operating loss will expire as follows (dollar amounts in thousands):


Jurisdiction	Gross NOL		Tax Effected NOL		Expiration Years
Australia	$	120	$	36	Indefinite
Bermuda	73		—		N/A



Cyprus	1,373		172		2023-2027
Denmark	1		—		Indefinite
Gibraltar	253		32		Indefinite


Mexico	6,136		1,840		2023-2028
Netherlands	5		1		Indefinite
Norway	267		59		Indefinite
Russia	8		2		Indefinite
Singapore	148		25		Indefinite
South Africa	631		170		Indefinite
Sweden	424		87		Indefinite
Switzerland	4,510		415		2023-2029
Taiwan	3,081		616		2023-2032
Ukraine	7		1		Indefinite
United Kingdom	275		69		Indefinite
United States - Federal	2,835		596		Indefinite
United States - State	14,248		835		2023-Indefinite

We have U.S. foreign tax credit carryforwards of $3.3 million as of December 31, 2022, which will begin to expire in 2024. The Company maintains a valuation allowance of $3.3 million against its foreign tax credit carryforwards.

At December 31, 2022 and 2021, the Company’s valuation allowance was $9.8 million and $7.9 million, respectively. The provisions of ASC Topic 740 require a company to record a valuation allowance when the “more likely than not” criterion for realizing a deferred tax asset cannot be met. A company is to use judgment in reviewing both positive and negative evidence of realizing a deferred tax asset. Furthermore, the weight given to the potential effect of such evidence is commensurate with the extent the evidence can be objectively verified. The valuation allowance against the Company's deferred tax assets consisted of the following at December 31 (in millions):


Country	2022		2021

China	$	0.4	$	0.5
Colombia	—		0.5
Cyprus	0.2		0.2

Mexico	1.8		1.9
Norway	0.1		0.1
South Africa	0.2		0.2

Switzerland	0.3		0.5
Taiwan	0.6		0.6


United States	6.2		3.4

Total	$	9.8	$	7.9

As of December 31, 2022 and 2021, the Company had no unrecognized tax benefits.

The Company recognizes interest and/or penalties related to uncertain tax positions in current income tax expense. As of December 31, 2022 and 2021, the Company had no accrued interest and penalties in the consolidated balance sheet or the consolidated statement of operations.

The Company is subject to examination by taxing authorities in the United States and various state and foreign jurisdictions. As of December 31, 2022, the tax years that remained subject to examination by a major tax jurisdiction for the Company’s most significant subsidiaries were as follows:


Jurisdiction			Open Years
Australia			2018-2021
Japan			2017-2021
Republic of Korea			2018-2022
Switzerland			2018-2021
United States			2019-2021

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES	12 Months Ended
TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES	Dec. 31, 2022
Related Party Transactions [Abstract]
TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES	TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES The Company made cash donations of $0.6 million to the M5M Foundation for each of the years ended December 31, 2022 and December 31, 2021. The M5M Foundation is a 501(c)(3) charitable organization that works to combat the epidemic of childhood malnutrition on a global scale. Several of the Company’s directors and officers and their family members serve on the board of the M5M Foundation, including: •Al Bala, the Company’s CEO and President; •Chris Simons, the Company’s Regional Vice President EMEA; and •Landen Fredrick, the Company's Chief Sales and Marketing Officer and President, North America and son of J. Stanley Fredrick, the Company’s Chairman of the Board and a major shareholder. We paid employment compensation of approximately $477,000 and $375,000 in 2022 and 2021, respectively, for salary, bonus, auto allowance, and other compensation to Landen Fredrick. In addition, Landen Fredrick participated in the employee health care benefit plans available to all employees of the Company. Effective November 12, 2019, Landen Fredrick was promoted from Chief Global Sales Officer and President, North America to Chief Sales & Marketing Officer. Mr. Fredrick had served as Chief Global Sales Officer and President, North America since January 1, 2018. Prior to that, Mr. Fredrick had served as Senior Vice President, Global Operations since August of 2016, as Senior Vice President, Supply Chain and IT since August of 2015, Vice President, Global Operations since May of 2013, Vice President, North American Sales and Operations since January of 2011, Vice President, North American Sales since February of 2010 and as Senior Director of Tools and Training since his hire in May of 2006. Landen Fredrick also serves as Chairman of the Board of the M5M Foundation. Mr. Kevin Robbins is a member of the Company's Board of Directors, serving on the Science and Marketing Committee, and is also an independent associate, holding a position in the Company's associate global downline network marketing system. He has also consulted on the associate commission plan in the past, but did not do so during the years ended December 31, 2022 and 2021. In addition, several of Mr. Robbins’ family members are independent associates. The Company pays commissions and incentives to its independent associates and, during 2022 and 2021, the Company paid aggregate commissions and incentives to Mr. Robbins and his family of approximately $1.7 million and $1.8 million, respectively. The aggregate amount of commissions and incentives paid to Mr. Robbins was approximately $0.2 million in each of 2022 and 2021. The aggregate amount of commission and incentives paid in 2022 and 2021 to Mr. Robbins' father, Ray Robbins, who holds positions in the Company's associate global downline network marketing system was approximately $1.5 million and $1.6 million, respectively. All commissions and incentives paid to Mr. Robbins and his family members are in accordance with the Company’s global associate career and compensation plan. Johanna Bala, the wife of Al Bala, the Company’s Chief Executive Officer and President, is an independent associate who earns commissions and incentives. The aggregate amount of commission and incentives paid to Johanna Bala was approximately $0.1 million in each of 2022 and 2021. The Company paid less than $0.1 million of commissions and incentives to other members of Al Bala's family in both years. All commissions and incentives paid to Al Bala's family members are in accordance with the Company’s global associate career and compensation plan.

EMPLOYEE BENEFIT PLANS

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

EMPLOYEE BENEFIT PLANS

Employee Retirement Plan

Effective May 9, 1997, the Company adopted a Defined Contribution 401(k) and Profit Sharing Plan (the “401(k) Plan”) for its United States and Canada employees. The 401(k) Plan covers all regular full-time and part-time employees who have completed three months of service and attained the age of twenty-one. United States employees can contribute up to 100 percent of their annual compensation but are limited to the maximum annual dollar amount allowable under the Internal Revenue Code. The 401(k) Plan permits matching and discretionary employer contributions. The Company’s matching contributions for its United States and Canada employees vest ratably over a five-year period. During each of the years ended December 31, 2022 and 2021, the Company contributed approximately $0.3 million to the 401(k) Plan for matching contributions.

The Company also sponsors a non-U.S. defined benefit plan covering its employees in its Japan subsidiary (the “Benefit Plan”). Benefits under the Benefit Plan are based on a point system for position grade and years of service. The Company utilizes actuarial methods. Inherent in the application of these actuarial methods are key assumptions, including, but not limited to, discount rates and expected long-term rates of return on plan assets. Changes in the related Benefit Plan costs may occur in the future due to changes in the underlying assumptions, changes in the number and composition of plan participants, and changes in the level of benefits provided. The Company uses a measurement date of December 31 to evaluate and record any post-retirement benefits related to the Benefit Plan.

Projected Benefit Obligation and Fair Value of Plan Assets

The Benefit Plan’s projected benefit obligation and valuation of plan assets were as follows for the years ended December 31 (in thousands):


Projected benefit obligation:	2022		2021
Balance, beginning of year	$	213	$	370
Service cost	40		49
Interest cost	—		1
Liability (gain) loss	(6)		(4)
Benefits paid to participants	—		(171)

Foreign currency	(27)		(32)
Balance, end of year	$	220	$	213

Plan assets:	2022		2021
Fair value, beginning of year	$	—	$	—
Company contributions	—		171
Benefits paid to participants	—		(171)
Fair value, end of year	$	—	$	—


Funded status of the Benefit Plan as of December 31 (in thousands):	2022		2021
Benefit obligation	$	(220)	$	(213)
Fair value of plan assets	—		—
Excess of benefit obligation over fair value of plan assets	$	(220)	$	(213)


Amounts recognized in the accompanying Consolidated Balance Sheets consist of, as of December 31 (in thousands):	2022		2021
Accrued benefit liability	$	(220)	$	(213)
Transition obligation and unrealized gain	(89)		(137)
Net amount recognized in the consolidated balance sheets	$	(309)	$	(350)


	Years Ended December 31,
Other changes recognized in comprehensive income (in thousands):	2022		2021
Net periodic cost	$	3	$	7
Current year actuarial gain	(6)		(4)
Amortization of transition obligation	(3)		(4)
Total recognized in other comprehensive loss	(9)		(8)
Total recognized in comprehensive (loss) income	$	(6)	$	(1)


	Years Ended December 31,
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive gain (in thousands):	2022		2021
Transition obligation	$	45	$	49
Prior service cost	38		84
Net actuarial gain	6		4
Total recognized in accumulated other comprehensive gain	$	89	$	137


	As of December 31,
Amounts included in Accumulated Other Comprehensive Income (Loss) (in thousands):	2022		2021
Net actuarial gain	$	657	$	628
Deferred tax provision	(257)		(247)
Net cumulative amount included in accumulated other comprehensive income (loss)	$	400	$	381


Estimated amounts of amortized transition obligation (in thousands):	2022		2021
Transition obligation	$	(3)	$	(4)


	As of December 31,
Aggregate Benefit Plan information and accumulated benefit obligation in excess of plan assets (in thousands):	2022		2021
Projected benefit obligation	$	220	$	213
Accumulated benefit obligation	220		213
Fair value of plan assets	—		—

The weighted-average assumptions to determine the benefit obligation and net cost are as follows:


	2022		2021
Discount rate	0.50	%	0.20	%
Rate of increase in compensation levels	—		—

Components of Expense

Service Cost for the Benefit Plan is included within selling and administrative expenses and all other items noted in the table below (Interest Cost, Amortization of Transition Obligation, Loss and Prior Service Cost) are included within other

(expense), net. Pension costs, which are included within Consolidated Statement of Operations are detailed below for the years ended December 31 (in thousands):


	2022		2021
Service cost	$	40	$	49
Interest cost	—		1
Amortization of transition obligation	3		4
Loss	(4)		(4)

Prior service cost	(36)		(43)

Total pension expense	$	3	$	7

Estimated Benefits and Contributions

The Company expects to contribute approximately $18,000 to the Benefit Plan in 2023. As of December 31, 2022, benefits expected to be paid by the Benefit Plan for the next ten years is approximately as follows (in thousands):


2023	$	18
2024	19
2025	35
2026	38
2027	30
Next five years	187
Total expected benefits to be paid	$	327

- Definition

The entire disclosure for retirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 55
-Paragraph 17
-URI https://asc.fasb.org/extlink&oid=123450688&loc=d3e4179-114921

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section S99
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=21916913&loc=d3e273930-122802

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (o)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (p)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 70
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=49170846&loc=d3e28014-114942

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI https://asc.fasb.org/topic&trid=2235017

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=6414203&loc=d3e39689-114964

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (q)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (l)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-URI https://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920

+ Details

STOCK BASED COMPENSATION

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

STOCK BASED COMPENSATION

Summary of Stock Plan

The Company currently has one active stock-based compensation plan, the 2017 Plan, which was adopted by the Company’s Board of Directors on April 17, 2017 and was approved by its shareholders on June 8, 2017, and subsequently amended by the Board in February 2019, which was approved by the Company's shareholders on June 11, 2019. The 2017 Plan supersedes the Mannatech, Incorporated 2008 Stock Incentive Plan, as amended, which was set to expire on February 20, 2018. 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 December 31, 2022, the Company had a total of 126,276 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 or three years, and generally are granted with a term of ten years, or five years in the case of an incentive option granted to an employee who owns more than 10% of our common stock.

A summary of changes in stock options outstanding during the year ended December 31, 2022, is as follows:


	2022
	Number of Options (in thousands)	Weighted average exercise price		Weighted average remaining contractual life (in years)	Aggregate intrinsic value (in thousands)
Outstanding at beginning of year	244	$	17.10
Granted	11	22.00
Exercised	(11)	16.93
Expired	—	—
Forfeit	—	—
Outstanding at end of year	244	$	17.35	4.33	$	418
Options exercisable at year end	234	$	17.14	4.13	$	418

During 2022, the Company issued 11,334 treasury shares upon the exercise of options and granted 11,807 new options to management and members of the Board. Options exercised during the years ending December 31, 2022 and 2021 had a total intrinsic value, calculated as the difference between the exercise date stock price and the exercise price of $0.1 million and $1.2 million, respectively. Non-vested shares at December 31, 2022 and 2021 were approximately 10,003 and 8,336, respectively.

Valuation and Expense Information Under FASB ASC Topic 718 Compensation – Stock Compensation

The Company is required to measure and recognize compensation expense related to any outstanding and unvested stock options previously granted, and thereafter recognize, in its consolidated financial statements, compensation expense related to any new stock options granted after implementation using fair-value based on an option-pricing model.

The Company uses the Black-Scholes option-pricing model to calculate the fair value of all of its stock options and its assumptions are based on historical information. The following assumptions were used to calculate the fair value of stock options granted each year:


	2022		2021
Dividend yield:	2.6 - 3.9	%	2.4	%
Risk-free interest rate:	2.9 - 3.4	%	0.7	%
Expected market price volatility:	63.6 - 64.9	%	56.7	%
Average expected life of stock options:	4.5 years		4.5 years

The computation of the expected volatility assumption used in the Black-Scholes calculations for new grants is based on historical volatility of the Company’s stock. The expected life assumptions are based on the Company’s historical employee exercise and forfeiture behavior.

The weighted-average grant-date fair value of stock options granted during the years ended December 31, 2022 and 2021 was $7.21 and $6.77 per share, respectively. The total fair value of awards vested during the years ended December 31, 2022 and 2021 was less than $0.1 million and $0.1 million, respectively.

The Company recorded the following amounts related to the expense of the fair values of options during the years ended December 31, 2022 and 2021 (in thousands):


	2022		2021
Selling, general and administrative expenses and income from operations before income taxes	$	78	$	50
Benefit for income taxes	(18)		(12)
Effect on net income	$	60	$	38

At each of the years ended December 31, 2022 and 2021, the Company had $0.2 million of compensation expense related to the issuance of unrestricted shares.

As of December 31, 2022, the Company had less than $0.1 million of total unrecognized compensation expense related to stock options currently outstanding, to be recognized in future years, ending December 31, as follows (in thousands):


	Total gross unrecognized compensation expense		Total tax benefit associated with unrecognized compensation expense		Total net unrecognized compensation expense
2023	$	33	$	8	$	25
2024	10		2		8


	$	43	$	10	$	33

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Purchase Commitments The Company maintains supply agreements with its suppliers and manufacturers. In 2016, the Company entered into a four-year supply agreement with a vendor to purchase an aloe vera powder in whole leaf aloe form and an aloe vera gel extract. The agreement has been amended and renews annually. As of December 31, 2022, the Company is required to purchase an aggregate of $7.9 million through 2024. Failure to satisfy minimum purchase requirements could result in the loss of exclusivity. Royalty and Consulting Agreements The Company utilizes royalty agreements with individuals and entities to provide compensation for items relating to developed products, websites and emails provided to our associates. The Company paid royalties of less than $0.1 million for each of the years ended December 31, 2022 and 2021. Employment Agreements The Company has non-cancelable employment agreements with certain executives. If the employment relationships with these executives were terminated, as of December 31, 2022, the Company would continue to be indebted to the executives for $0.6 million, payable through 2023. Korean Customs Audit We resolved the Busan Customs Office audit of the Korean customs values for $0.1 million, which was $0.4 million lower than that had been accrued in the prior year. As we process commissions monthly, Mannatech Korea receives from Mannatech Inc. payments for members’ commissions and these intercompany payments are settled by way of netting set-off with other transactions. We are seeking an official ruling from the Ministry of Economy and Finance involving the netting of receivables / payables in foreign currency between a Korean resident and a non-resident and whether this should be reported to the Bank of Korea or a designated foreign exchange bank under compliance with the Foreign Exchange Transactions Act ("FETA") of Korea. If it is confirmed in the ruling that the above transactions are subject to the advance reporting requirement under the FETA, there is a possibility of a penalty for the violation.

LITIGATION	12 Months Ended
LITIGATION	Dec. 31, 2022
LITIGATION [Abstract]
LITIGATION	LITIGATION Litigation in General 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. The outcome of litigation is uncertain, and despite management’s views of the merits of any litigation, or the reasonableness of the Company’s estimates and reserves, the Company’s financial statements could nonetheless be materially affected by an adverse judgment. The Company reserves for contingencies arising from current legal matters where an outcome was deemed to be probable, and the loss amount could be reasonably estimated. No legal reserve was deemed necessary at December 31, 2022.

SHAREHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

SHAREHOLDERS' EQUITY

SHAREHOLDERS’ EQUITY

Preferred Stock

On May 19, 1998, the Company amended its Amended and Restated Articles of Incorporation to reduce the number of authorized shares of common stock from 100.0 million to 99.0 million and the Company authorized 1.0 million shares of preferred stock with a par value of $0.01 per share. No shares of preferred stock have ever been issued or outstanding.

Treasury Stock

On June 30, 2004, the Company’s Board of Directors authorized the Company to repurchase, in the open market, the lesser of (i) 131,756 shares of its common stock and (ii) $1.3 million of its shares, (the “June 2004 Plan”). On August 28, 2006, a second program permitting the Company to purchase, in the open market, up to $20 million of its outstanding shares was approved by our Board of Directors (the “August 2006 Plan”). On July 14, 2011, the Company’s Board of Directors authorized the Company to reactivate the June 2004 Plan. On August 31, 2016, the Company's Board of Directors reactivated the August 2006 Plan. In August of 2016, and December of 2017, the Company's Board of Directors authorized the Company to repurchase up to $0.5 million, respectively, of the Company's outstanding common shares in open market transactions. In August of 2018 and November of 2018, the Company's Board of Directors reactivated an additional $0.5 million (of the original $20.0 million authorization), respectively, in shares of the Company's common stock to be repurchased in the open market. In December of 2019, the Company’s Board of Directors approved a share repurchase program to acquire up to $1.0 million (of the original $20.0 million authorization) of the Company’s common stock through March 1, 2020. In August 2020, the Company’s Board of Directors approved a share repurchase program to acquire up to $1.0 million (of the original $20.0 million authorization) of the Company’s common stock through August 16, 2021. In September 2021, the Company's Board approved a share repurchase program to acquire up to $1.0 million (of the original $20.0 million authorization) of our common stock through September 21, 2022. In September 2022, our Board approved a share repurchase program to acquire up to $1.5 million (of the original $20.0 million authorization) of our common stock through September 18, 2023. As of December 31, 2022, there was $12.6 million remaining for repurchase under the August 2006 Plan, and the total value of shares repurchased in the open market under the August 2006 Plan was $1.5 million. The Company does not have any stock repurchase plans or programs other than the June 2004 Plan and the August 2006 Plan.

During the year ended December 31, 2022, the Company repurchased 99,293 shares of its common stock, at an average price of $21.87. During the year ended December 31, 2021, the Company repurchased 200,115 shares of its common stock, which included 171,433 shares of its common stock repurchased pursuant to the 2021 tender offer, at an average price of $26.76.

Equity-Based Compensation

During 2022, 11,334 treasury shares were issued for stock option exercises and a total of 6,072 treasury shares were issued to the members of the Board as compensation for their work on the Board.

Accumulated Other Comprehensive Income

Accumulated other comprehensive income displayed in the Consolidated Statements of Shareholders’ Equity represents the results of certain shareholders’ equity changes not reflected in the consolidated statements of operations, such as foreign currency translation and certain pension and postretirement benefit obligations.

The after-tax components of accumulated other comprehensive income, are as follows (in thousands):


	Foreign Currency Translation		Pension Postretirement Benefit Obligation		Accumulated Other Comprehensive Income (Loss), Net
Balance as of December 31, 2020	$	4,793	$	357	$	5,150
Current-period change before reclassifications	(2,832)		—		(2,832)
Amounts reclassified from accumulated other comprehensive income (loss)	—		37		37
Income tax provision	—		(13)		(13)
Balance as of December 31, 2021	$	1,961	$	381	$	2,342
Current-period change before reclassifications	(2,546)		—		(2,546)
Disposition of foreign entity	(23)		—		(23)
Amounts reclassified from accumulated other comprehensive income (loss)	—		29		29
Income tax provision	—		(10)		(10)
Balance as of December 31, 2022	$	(608)	$	400	$	(208)

Dividends

During the year ended December 31, 2022, the Company declared and paid dividends amounting to an aggregate of $1.5 million. During the year ended December 31, 2021, the Company declared and paid dividends amounting to an aggregate of $4.3 million. Payment of future dividends is at the discretion of our Board of Directors.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI https://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 14
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496171-112644

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 18
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496189-112644

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 16
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496180-112644

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=126973232&loc=SL123496158-112644

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 40
-Section 50
-Paragraph 6
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126731327&loc=SL126733271-114008

+ Details

EARNINGS PER SHARE	12 Months Ended
EARNINGS PER SHARE	Dec. 31, 2022
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The Company calculates basic Earnings per Share ("EPS") by dividing net income (loss) 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. For the year ended December 31, 2022, shares of the Company's common stock subject to options were excluded from the diluted EPS calculation as their effect would have been antidilutive. The Company reported a net loss for the year ended December 31, 2022. In determining the potential dilution effect of outstanding stock options during 2021, the Company used the average common stock close price of $27.36 per share. For the year ended December 31, 2021, there were 1.99 million weighted-average common shares outstanding used for the basic EPS calculation. For the year ended December 31, 2021, approximately 0.10 million shares subject to options were included in the calculation resulting in 2.09 million dilutive shares used to calculate diluted EPS. For the year ended December 31, 2021, approximately 0.1 million of the Company's common stock subject to options were excluded from the diluted EPS calculation as the effect would have been antidilutive.

SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company's sole reporting segment is one where we sell proprietary nutritional supplements, skin care and anti-aging products, and weight-management and fitness products through network marketing distribution channels operating in twenty-four countries. Each of the business units receives associate fees or sells similar packs (in the case of Mexico and South Korea, where packs have not been replaced with associate fees, see Note 1, Organization and Summary of Significant Accounting Policies) and products and possesses similar economic characteristics, such as selling prices and gross margins. In each country, the Company markets its products and pays commissions and incentives in similar market environments. The Company’s management reviews its financial information by country and focuses its internal reporting and analysis of revenues by pack sales and associate fees and product sales. The Company sells its products through its independent associates who occupy positions in our network and distribute products through similar distribution channels in each country. The Company also operates a non-direct selling business in mainland China. Our subsidiary in China, Meitai, is 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 operates facilities in eleven countries and sells product in twenty-five countries around the world. These facilities are located in the United States, Canada, Australia, the United Kingdom, Japan, the Republic of Korea (South Korea), Taiwan, South Africa, Mexico, Hong Kong and China. Each facility services different geographic areas. We currently sell our products in 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).

Consolidated net sales shipped to customers in these regions, along with pack and product information for the years ended December 31, are as follows (in millions, except percentages):


Region	2022				2021
Americas	$	41.6	30.3	%	$	46.8	29.3	%
Asia/Pacific	83.8		61.1	%	97.7		61.1	%
EMEA	11.8		8.6	%	15.3		9.6	%
Total	$	137.2	100.0	%	$	159.8	100.0	%


	2022		2021
Consolidated product sales	$	130.2	$	151.0
Consolidated pack sales and associate fees	6.2		8.0
Consolidated other	0.8		0.8
Total	$	137.2	$	159.8

Long-lived assets by region, which include property and equipment and construction in progress for the Company and its subsidiaries, as of December 31, reside in the following regions, as follows (in millions):


Region	2022		2021
Americas	$	3.2	$	3.8
Asia/Pacific	0.6		0.4
EMEA	—		—
Total	$	3.8	$	4.2

Inventory balances by region, which consist of raw materials and finished goods, including promotional materials, and offset by obsolete inventories, for the Company and its subsidiaries, reside in the following regions as of December 31, as follows (in millions):


Region	2022		2021
Americas	$	7.5	$	5.7
Asia/Pacific	5.4		4.7
EMEA	1.8		1.6
Total	$	14.7	$	12.0

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2021

SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS

(in thousands)


			Additions
	Balance at Beginning of Year		Charged to Costs and Expenses	Charged to other Accounts	Deductions	Balance at End of Year
Year Ended December 31, 2021
Deducted from asset accounts:
Allowance for doubtful accounts	$	817	246	—	(76)	$	987
Allowance for obsolete inventories	$	471	638	—	(662)	$	447
Valuation allowance for deferred tax assets	$	11,933	(3,999)	—	—	$	7,934
Included in accrued expenses:
Reserve for sales returns	$	71	767	—	(783)	$	55
Year Ended December 31, 2022
Deducted from asset accounts:
Allowance for doubtful accounts	$	987	(26)	—	12	$	973
Allowance for obsolete inventories	$	447	543	—	(573)	$	417
Valuation allowance for deferred tax assets	$	7,934	1,838	—	—	$	9,772
Included in accrued expenses:
Reserve for sales returns	$	55	779	—	(775)	$	59

SUBSEQUENT EVENTS (Notes)	12 Months Ended
SUBSEQUENT EVENTS (Notes)	Dec. 31, 2022
Subsequent Events [Abstract]
Subsequent Events [Text Block]	SUBSEQUENT EVENTS In February 2023, the Daegu Customs Office began an audit of our Korean subsidiary, Mannatech Korea, reviewing point of origin for compliance with free trade agreement terms. Several products imported between July 2017 and December 2021 have been identified as subject of this audit. Depending on the outcome of this audit, duty tariff rates could be modified which could result in additional customs, VAT and penalties. As it is early in the audit, the Company is not able to estimate the financial impact from this audit on its results of operations, financial condition, or liquidity for fiscal year 2023.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2022

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Principles of Consolidation

Use of Estimates

Foreign Currency Translation

Cash and Cash Equivalents

Restricted Cash

Accounts Receivable

Inventories

Prepaid Expense and Other Current Assets [Policy Text Block]

Prepaid Expenses and Other Current Assets

Property and Equipment


			Estimated useful life
Office furniture and equipment			5 to 7 years
Computer hardware and software			3 to 5 years
Automobiles			3 to 5 years
Leasehold improvements			2 to 10 years

Other Assets

Other AssetsAt December 31, 2022 and 2021, other assets were $8.4 million and $9.2 million, respectively. The December 31, 2022 and 2021 balances include operating lease right of use assets of $4.6 million and $4.7 million, respectively. See Note 5, Leases for more information. Included in the December 31, 2022 and 2021 balances were deposits for building leases in various locations of $1.3 million and $1.9 million, respectively. Also included in the December 31, 2022 and 2021 balances were $2.3 million and $2.4 million, respectively, representing a deposit with Mutual Aid Cooperative and Consumer in the Republic of Korea, an organization established by the Republic of Korea’s Fair Trade Commission’s approval to compensate and protect consumers who participate in network marketing activities from damages. Other assets at each of December 31, 2022 and 2021 also include $0.2 million of indefinite lived intangible assets relating to the Manapol® powder trademark.

Notes Payable

Other Long-Term Liabilities

Other Long-Term LiabilitiesOther long-term liabilities were $5.0 million at each of December 31, 2022 and 2021. At December 31, 2022 and 2021, we recorded long-term lease liabilities related to operating leases of $4.2 million and $4.3 million, respectively. See Note 5, Leases for more information. As of December 31, 2022 and 2021, government mandated severance accruals in certain international offices amounted to $0.6 million and $0.5 million, respectively. The Company also recorded a long-term liability for an estimated defined benefit obligation related to a non-U.S. defined benefit plan for its Japan operations of $0.2 million at each of December 31, 2022 and 2021 (see Note 9, Employee Benefit Plans).

Revenue Recognition and Deferred Commissions

Revenue Recognition

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.

Our sales mix for the years ended December 31, was as follows (in millions, except percentages):


	2022		Percentage		2021		Percentage
Consolidated product sales	$	130.2	94.9	%	$	151.0	94.4	%
Consolidated pack sales and associate fees	6.2		4.5	%	8.0		5.1	%
Consolidated other	0.8		0.6	%	0.8		0.5	%
Total consolidated net sales	$	137.2	100.0	%	$	159.8	100.0	%

Deferred Commissions

Deferred Revenue


Loyalty program	(in thousands)
Loyalty deferred revenue as of January 1, 2021	$	4,487
Loyalty points forfeited or expired	(3,987)
Loyalty points used	(9,809)
Loyalty points vested	11,676
Loyalty points unvested	1,925
Loyalty deferred revenue as of December 31, 2021	$	4,292


Loyalty deferred revenue as of January 1, 2022	$	4,292
Loyalty points forfeited or expired	(3,387)
Loyalty points used	(10,543)
Loyalty points vested	12,773
Loyalty points unvested	1,032
Loyalty deferred revenue as of December 31, 2022	$	4,167

Sales Refund and Allowances


Sales reserve as of January 1, 2021	$	71
Provision related to sales made in current period	778
Adjustment related to sales made in prior periods	(11)
Actual returns or credits related to current period	(728)
Actual returns or credits related to prior periods	(55)
Sales reserve as of December 31, 2021	$	55

Sales reserve as of January 1, 2022	$	55
Provision related to sales made in current period	783
Adjustment related to sales made in prior periods	(4)
Actual returns or credits related to current period	(730)
Actual returns or credits related to prior periods	(45)
Sales reserve as of December 31, 2022	$	59

Shipping and Handling Costs

Commission and Incentive Expenses

Advertising Expenses

Research and Development Expenses

Research and Development ExpensesThe Company expenses research and development expenses as incurred. Research and development expenses related to new product development, enhancement of existing products, clinical studies and trials, Food and Drug Administration compliance studies, general supplies, internal salaries, third-party contractors, and consulting fees were approximately $1.0 million and $1.2 million for the years ended December 31, 2022 and 2021, respectively. Salaries and contract labor are included in selling and administrative expenses and all other research and development costs are included in other operating costs.

Stock-Based Compensation

Software Development Costs

Other Operating Costs

Other operating costs include travel, accounting/legal/consulting fees, credit card processing fees, banking fees, off-site storage fees, utilities, and other miscellaneous operating expenses.

Income Taxes

Comprehensive Income and Accumulated Other Comprehensive Income

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentration RiskA significant portion of our revenue is derived from our Ambrotose Life®, TruHealth™, Advanced Ambrotose®, Manapol® Powder and Optimal Support Packets. A decline in sales value of such products could have a material adverse effect on our earnings, cash flows, and financial position.

Concentration Risk


	2022				2021
	Sales by product		% of total net sales		Sales by product		% of total net sales
Ambrotose Life®	$	28,734	20.9	%	$	28,776	18.0	%
TruHealth™	15,730		11.5	%	18,010		11.3	%
Advanced Ambrotose®	9,624		7.0	%	11,158		7.0	%
Manapol® Powder	7,909		5.8	%	13,141		8.2	%
Optimal Support Packets	6,916		5.0	%	7,593		4.7	%
Total	$	68,913	50.2	%	$	78,678	49.2	%

Our business is not currently exposed to customer concentration risk given that no independent associate has ever accounted for more than 10% of our consolidated net sales.

Fair Value of Financial Instruments

Recent Accounting Pronouncements

Accounting Pronouncements Issued But Not Yet Effective

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.

Fair Value Measurement

•Level 1—Quoted unadjusted prices for identical instruments 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.

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from External Customer [Line Items]

Schedule of Cash and Cash Equivalents [Table Text Block]


	December 31, 2022		December 31, 2021
Cash and cash equivalents at beginning of period	$	24,185	$	22,207
Current restricted cash at beginning of period	944		944
Long-term restricted cash at beginning of period	503		4,346
Cash and cash equivalents and restricted cash at beginning of period	$	25,632	$	27,497

Cash and cash equivalents at end of period	$	13,777	$	24,185
Current restricted cash at end of period	944		944
Long-term restricted cash at end of period	476		503
Cash and cash equivalents and restricted cash at end of period	$	15,197	$	25,632

Revenue from External Customers by Products and Services [Table Text Block]

ur sales mix for the years ended December 31, was as follows (in millions, except percentages):


	2022		Percentage		2021		Percentage
Consolidated product sales	$	130.2	94.9	%	$	151.0	94.4	%
Consolidated pack sales and associate fees	6.2		4.5	%	8.0		5.1	%
Consolidated other	0.8		0.6	%	0.8		0.5	%
Total consolidated net sales	$	137.2	100.0	%	$	159.8	100.0	%

Estimated useful lives of fixed assets

The estimated useful lives of fixed assets are as follows:


			Estimated useful life
Office furniture and equipment			5 to 7 years
Computer hardware and software			3 to 5 years
Automobiles			3 to 5 years
Leasehold improvements			2 to 10 years

Loyalty deferred revenue


Loyalty program	(in thousands)
Loyalty deferred revenue as of January 1, 2021	$	4,487
Loyalty points forfeited or expired	(3,987)
Loyalty points used	(9,809)
Loyalty points vested	11,676
Loyalty points unvested	1,925
Loyalty deferred revenue as of December 31, 2021	$	4,292


Loyalty deferred revenue as of January 1, 2022	$	4,292
Loyalty points forfeited or expired	(3,387)
Loyalty points used	(10,543)
Loyalty points vested	12,773
Loyalty points unvested	1,032
Loyalty deferred revenue as of December 31, 2022	$	4,167

Sales return reserve

December 31, 2022 and December 31, 2021, our sales return reserve, which is a component of Accrued expenses, consisted of the following (in thousands):


Sales reserve as of January 1, 2021	$	71
Provision related to sales made in current period	778
Adjustment related to sales made in prior periods	(11)
Actual returns or credits related to current period	(728)
Actual returns or credits related to prior periods	(55)
Sales reserve as of December 31, 2021	$	55

Sales reserve as of January 1, 2022	$	55
Provision related to sales made in current period	783
Adjustment related to sales made in prior periods	(4)
Actual returns or credits related to current period	(730)
Actual returns or credits related to prior periods	(45)
Sales reserve as of December 31, 2022	$	59

Concentration risk

Revenue from these products were as follows for the years ended December 31, 2022 and 2021 (in thousands, except percentages):


	2022				2021
	Sales by product		% of total net sales		Sales by product		% of total net sales
Ambrotose Life®	$	28,734	20.9	%	$	28,776	18.0	%
TruHealth™	15,730		11.5	%	18,010		11.3	%
Advanced Ambrotose®	9,624		7.0	%	11,158		7.0	%
Manapol® Powder	7,909		5.8	%	13,141		8.2	%
Optimal Support Packets	6,916		5.0	%	7,593		4.7	%
Total	$	68,913	50.2	%	$	78,678	49.2	%

FAIR VALUE (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Fair value, assets measured on recurring basis

The Company did not have any material financial liabilities that were required to be measured at fair value on a recurring basis at December 31, 2022 and 2021.


2022	Level 1		Level 2		Level 3		Total
Assets


Interest bearing deposits – various banks	$	3,855	$	—	$	—	$	3,855
Total assets	$	3,855	$	—	$	—	$	3,855
Amounts included in:
Cash and cash equivalents	$	3,014	$	—	$	—	$	3,014
Restricted cash	680		—		—		680
Long-term restricted cash	161		—		—		161
Total	$	3,855	$	—	$	—	$	3,855


2021	Level 1		Level 2		Level 3		Total
Assets

Interest bearing deposits – various banks	$	7,838	$	—	$	—	$	7,838
Total assets	$	7,838	$	—	$	—	$	7,838
Amounts included in:
Cash and cash equivalents	$	6,986	$	—	$	—	$	6,986
Restricted cash	680		—		—		680
Long-term restricted cash	172		—		—		172
Total	$	7,838	$	—	$	—	$	7,838

INVENTORIES (Tables)

12 Months Ended

Dec. 31, 2022

Inventory Disclosure [Abstract]

Inventories

Inventories as of December 31, 2022 and 2021, consisted of the following (in thousands):


	2022		2021
Raw materials	$	3,302	$	3,271
Finished goods	11,841		9,196
Inventory reserves for obsolescence	(417)		(447)
Total	$	14,726	$	12,020

PROPERTY AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2022

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

As of December 31, 2022 and 2021, property and equipment consisted of the following (in thousands):


	2022		2021
Office furniture and equipment	$	2,351	$	2,648
Computer hardware	3,515		3,755
Computer software	45,623		44,303
Automobiles	110		81
Leasehold improvements	4,079		4,292
ROU Assets- finance leases	182		177
	55,860		55,256
Less accumulated depreciation and amortization	(52,479)		(52,374)
Property and equipment, net	3,381		2,882
Construction in progress	378		1,357
Total	$	3,759	$	4,239

LEASES (Tables)

12 Months Ended

Dec. 31, 2022

Lessee, Lease, Description [Line Items]

Lease, Cost [Table Text Block]

For the years ended December 31, 2022 and 2021, we incurred the following lease costs related to our operating and finance leases (in thousands):


Lease Cost	Classification	2022		2021
Operating leases
Operating lease costs	Other operating costs	$	2,137	$	2,201
Short term lease costs	Other operating costs	279		339

Finance leases
Amortization of leased assets	Depreciation and amortization	89		108
Interest on lease liabilities	Interest expense	9		28
Total lease cost		$	2,514	$	2,676

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

For the twelve months ended December 31, 2022 and 2021, cash paid for amounts included in the measurement of lease liabilities included (in thousands):


	2022		2021

Operating cash flows from operating leases	$	2,017	$	2,164
Financing cash flows from finance leases	$	76	$	87

Schedule Of Maturities Of Operating And Finance Leases Liabilities [Table Text Block]

As of December 31, 2022 future minimum lease payments were as follows (in thousands):


	December 31, 2022
Maturity of lease liabilities	Operating Leases		Finance Leases


2022	$	1,829	$	69
2023	1,772		43
2024	1,106		22
2025	704		21
2026	650		9
Thereafter	268		—
Total future minimum lease payments	$	6,329	$	164
Imputed interest	(576)		(15)
Present value of minimum lease payments	$	5,753	$	149

LEASES Lease Costs (Tables) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Lease, Cost [Abstract]

Lease, Cost

$ 2,514

$ 2,676

Lease, Cost [Table Text Block]

For the years ended December 31, 2022 and 2021, we incurred the following lease costs related to our operating and finance leases (in thousands):


Lease Cost	Classification	2022		2021
Operating leases
Operating lease costs	Other operating costs	$	2,137	$	2,201
Short term lease costs	Other operating costs	279		339

Finance leases
Amortization of leased assets	Depreciation and amortization	89		108
Interest on lease liabilities	Interest expense	9		28
Total lease cost		$	2,514	$	2,676

ACCRUED EXPENSES (Tables)

12 Months Ended

Dec. 31, 2022

Payables and Accruals [Abstract]

Accrued expenses

As of December 31, 2022 and 2021, accrued expenses consisted of the following (in thousands):


	2022		2021
Accrued asset purchases	$	66	$	96
Accrued compensation	1,737		2,566
Accrued royalties	41		—
Accrued sales and other taxes	290		314
Other accrued operating expenses	473		1,528
Customer deposits and sales returns	641		774
Accrued travel expenses related to corporate events	834		879
Accrued shipping and handling costs	528		356

Accrued legal and accounting fees	1,300		1,218
Current portion of operating lease liabilities	1,600		1,493
	$	7,510	$	9,224

INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income before income taxes

The components of the Company’s (loss) income before income taxes are attributable to the following jurisdictions for the years ended December 31 (in thousands):


	2022		2021
United States	$	(7,822)	$	6,947
Foreign	7,343		1,945
(Loss) income before income taxes	$	(479)	$	8,892

Income tax provision

The components of the Company’s income tax provision (benefit) for the years ended December 31 (in thousands):


Current provision (benefit):	2022		2021
Federal	$	241	$	(17)
State	(37)		(161)
Foreign	2,581		956
	2,785		778
Deferred provision (benefit):
Federal	1,200		(1,183)
State	81		(131)
Foreign	(55)		(414)
	1,226		(1,728)
	$	4,011	$	(950)

Reconciliation of effective income tax rate and United States federal statutory income tax rate

A reconciliation of the Company’s effective income tax rate and the United States federal statutory income tax rate is summarized as follows, for the years ended December 31:


	2022		2021
Federal statutory income taxes	21.0	%	21.0	%
State income taxes, net of federal benefit	20.7		0.8
Difference in foreign and United States tax on foreign operations	(24.8)		0.7
Assessments from taxing authorities	(278.5)		—
Effect of changes in valuation allowance	(383.7)		(45.0)

Foreign Derived Intangible Income (FDII) deduction	—		(8.1)




Credits generated	15.2		(0.5)
Effect of changes in tax rates	19.4		0.2
Foreign charitable contributions	(12.5)		0.7
Return to provision adjustments	(43.4)		1.3



Withholding taxes	(50.3)		2.5
Changes to uncertain tax positions	—		(1.8)
Expiration of tax attribute	(135.5)		17.4
Other	15.0		0.1
	(837.4)	%	(10.7)	%

Deferred tax assets and liabilities

Significant components of the Company’s deferred tax assets and liabilities consisted of the following at December 31 (in thousands):


Deferred tax assets:	2022		2021
Deferred Revenue	$	629	$	409
Inventory	260		235
Accrued expenses	1,240		1,352

Net operating loss (1)	4,956		5,310
Equity Compensation	240		242
Foreign tax credit carryover	3,333		3,436
Lease liability	673		763
Capitalized research & development	218		—
Other	968		664
Total deferred tax assets	$	12,517	$	12,411
Valuation allowance	(9,772)		(7,934)
Total deferred tax assets, net of valuation allowance	$	2,745	$	4,477
Deferred tax liabilities:
Prepaid expenses	41		111
Deferred commissions	418		450
Internally-developed software	—		104
Lease assets	624		717
Fixed assets	161		270

Total deferred tax liabilities	$	1,244	$	1,652

Total net deferred tax asset	$	1,501	$	2,825

(1)The Company’s net operating loss will expire as follows (dollar amounts in thousands):


Jurisdiction	Gross NOL		Tax Effected NOL		Expiration Years
Australia	$	120	$	36	Indefinite
Bermuda	73		—		N/A



Cyprus	1,373		172		2023-2027
Denmark	1		—		Indefinite
Gibraltar	253		32		Indefinite


Mexico	6,136		1,840		2023-2028
Netherlands	5		1		Indefinite
Norway	267		59		Indefinite
Russia	8		2		Indefinite
Singapore	148		25		Indefinite
South Africa	631		170		Indefinite
Sweden	424		87		Indefinite
Switzerland	4,510		415		2023-2029
Taiwan	3,081		616		2023-2032
Ukraine	7		1		Indefinite
United Kingdom	275		69		Indefinite
United States - Federal	2,835		596		Indefinite
United States - State	14,248		835		2023-Indefinite

Net operating loss by Jurisdiction

The Company’s net operating loss will expire as follows (dollar amounts in thousands):


Jurisdiction	Gross NOL		Tax Effected NOL		Expiration Years
Australia	$	120	$	36	Indefinite
Bermuda	73		—		N/A



Cyprus	1,373		172		2023-2027
Denmark	1		—		Indefinite
Gibraltar	253		32		Indefinite


Mexico	6,136		1,840		2023-2028
Netherlands	5		1		Indefinite
Norway	267		59		Indefinite
Russia	8		2		Indefinite
Singapore	148		25		Indefinite
South Africa	631		170		Indefinite
Sweden	424		87		Indefinite
Switzerland	4,510		415		2023-2029
Taiwan	3,081		616		2023-2032
Ukraine	7		1		Indefinite
United Kingdom	275		69		Indefinite
United States - Federal	2,835		596		Indefinite
United States - State	14,248		835		2023-Indefinite

Summary of valuation allowance


Country	2022		2021

China	$	0.4	$	0.5
Colombia	—		0.5
Cyprus	0.2		0.2

Mexico	1.8		1.9
Norway	0.1		0.1
South Africa	0.2		0.2

Switzerland	0.3		0.5
Taiwan	0.6		0.6


United States	6.2		3.4

Total	$	9.8	$	7.9

Deferred tax assets (liabilities) classified in Consolidated Balance Sheets

Unrecognized tax benefits

As of December 31, 2022 and 2021, the Company had no unrecognized tax benefits.

Tax years subject to examinations


Jurisdiction			Open Years
Australia			2018-2021
Japan			2017-2021
Republic of Korea			2018-2022
Switzerland			2018-2021
United States			2019-2021

EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Dec. 31, 2022

Retirement Benefits [Abstract]

Benefit Plan's projected benefit obligation and valuation of plan assets

The Benefit Plan’s projected benefit obligation and valuation of plan assets were as follows for the years ended December 31 (in thousands):


Projected benefit obligation:	2022		2021
Balance, beginning of year	$	213	$	370
Service cost	40		49
Interest cost	—		1
Liability (gain) loss	(6)		(4)
Benefits paid to participants	—		(171)

Foreign currency	(27)		(32)
Balance, end of year	$	220	$	213

Plan assets:	2022		2021
Fair value, beginning of year	$	—	$	—
Company contributions	—		171
Benefits paid to participants	—		(171)
Fair value, end of year	$	—	$	—


Funded status of the Benefit Plan as of December 31 (in thousands):	2022		2021
Benefit obligation	$	(220)	$	(213)
Fair value of plan assets	—		—
Excess of benefit obligation over fair value of plan assets	$	(220)	$	(213)


Amounts recognized in the accompanying Consolidated Balance Sheets consist of, as of December 31 (in thousands):	2022		2021
Accrued benefit liability	$	(220)	$	(213)
Transition obligation and unrealized gain	(89)		(137)
Net amount recognized in the consolidated balance sheets	$	(309)	$	(350)


	Years Ended December 31,
Other changes recognized in comprehensive income (in thousands):	2022		2021
Net periodic cost	$	3	$	7
Current year actuarial gain	(6)		(4)
Amortization of transition obligation	(3)		(4)
Total recognized in other comprehensive loss	(9)		(8)
Total recognized in comprehensive (loss) income	$	(6)	$	(1)


	Years Ended December 31,
Amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive gain (in thousands):	2022		2021
Transition obligation	$	45	$	49
Prior service cost	38		84
Net actuarial gain	6		4
Total recognized in accumulated other comprehensive gain	$	89	$	137


	As of December 31,
Amounts included in Accumulated Other Comprehensive Income (Loss) (in thousands):	2022		2021
Net actuarial gain	$	657	$	628
Deferred tax provision	(257)		(247)
Net cumulative amount included in accumulated other comprehensive income (loss)	$	400	$	381


Estimated amounts of amortized transition obligation (in thousands):	2022		2021
Transition obligation	$	(3)	$	(4)


	As of December 31,
Aggregate Benefit Plan information and accumulated benefit obligation in excess of plan assets (in thousands):	2022		2021
Projected benefit obligation	$	220	$	213
Accumulated benefit obligation	220		213
Fair value of plan assets	—		—

Weighted-average assumptions to determine the benefit obligation and net cost

The weighted-average assumptions to determine the benefit obligation and net cost are as follows:


	2022		2021
Discount rate	0.50	%	0.20	%
Rate of increase in compensation levels	—		—

Pension expense for Benefit Plan included in selling, general and administrative expenses

(expense), net. Pension costs, which are included within Consolidated Statement of Operations are detailed below for the years ended December 31 (in thousands):


	2022		2021
Service cost	$	40	$	49
Interest cost	—		1
Amortization of transition obligation	3		4
Loss	(4)		(4)

Prior service cost	(36)		(43)

Total pension expense	$	3	$	7

Benefits expected to be paid by the Benefit Plan

As of December 31, 2022, benefits expected to be paid by the Benefit Plan for the next ten years is approximately as follows (in thousands):


2023	$	18
2024	19
2025	35
2026	38
2027	30
Next five years	187
Total expected benefits to be paid	$	327

STOCK BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Changes in stock options outstanding

A summary of changes in stock options outstanding during the year ended December 31, 2022, is as follows:


	2022
	Number of Options (in thousands)	Weighted average exercise price		Weighted average remaining contractual life (in years)	Aggregate intrinsic value (in thousands)
Outstanding at beginning of year	244	$	17.10
Granted	11	22.00
Exercised	(11)	16.93
Expired	—	—
Forfeit	—	—
Outstanding at end of year	244	$	17.35	4.33	$	418
Options exercisable at year end	234	$	17.14	4.13	$	418

Assumptions used to calculate compensation expense and fair value of stock options granted

The following assumptions were used to calculate the fair value of stock options granted each year:


	2022		2021
Dividend yield:	2.6 - 3.9	%	2.4	%
Risk-free interest rate:	2.9 - 3.4	%	0.7	%
Expected market price volatility:	63.6 - 64.9	%	56.7	%
Average expected life of stock options:	4.5 years		4.5 years

Share-based compensation expense

The Company recorded the following amounts related to the expense of the fair values of options during the years ended December 31, 2022 and 2021 (in thousands):


	2022		2021
Selling, general and administrative expenses and income from operations before income taxes	$	78	$	50
Benefit for income taxes	(18)		(12)
Effect on net income	$	60	$	38

At each of the years ended December 31, 2022 and 2021, the Company had $0.2 million of compensation expense related to the issuance of unrestricted shares.

Unrecognized compensation cost


	Total gross unrecognized compensation expense		Total tax benefit associated with unrecognized compensation expense		Total net unrecognized compensation expense
2023	$	33	$	8	$	25
2024	10		2		8


	$	43	$	10	$	33

SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Components of accumulated other comprehensive income (loss)

The after-tax components of accumulated other comprehensive income, are as follows (in thousands):


	Foreign Currency Translation		Pension Postretirement Benefit Obligation		Accumulated Other Comprehensive Income (Loss), Net
Balance as of December 31, 2020	$	4,793	$	357	$	5,150
Current-period change before reclassifications	(2,832)		—		(2,832)
Amounts reclassified from accumulated other comprehensive income (loss)	—		37		37
Income tax provision	—		(13)		(13)
Balance as of December 31, 2021	$	1,961	$	381	$	2,342
Current-period change before reclassifications	(2,546)		—		(2,546)
Disposition of foreign entity	(23)		—		(23)
Amounts reclassified from accumulated other comprehensive income (loss)	—		29		29
Income tax provision	—		(10)		(10)
Balance as of December 31, 2022	$	(608)	$	400	$	(208)

Schedule of Net Benefit Costs [Table Text Block]

(expense), net. Pension costs, which are included within Consolidated Statement of Operations are detailed below for the years ended December 31 (in thousands):


	2022		2021
Service cost	$	40	$	49
Interest cost	—		1
Amortization of transition obligation	3		4
Loss	(4)		(4)

Prior service cost	(36)		(43)

Total pension expense	$	3	$	7

SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Net sales shipped to customers by geographic region

Consolidated net sales shipped to customers in these regions, along with pack and product information for the years ended December 31, are as follows (in millions, except percentages):


Region	2022				2021
Americas	$	41.6	30.3	%	$	46.8	29.3	%
Asia/Pacific	83.8		61.1	%	97.7		61.1	%
EMEA	11.8		8.6	%	15.3		9.6	%
Total	$	137.2	100.0	%	$	159.8	100.0	%

Product and pack information


	2022		2021
Consolidated product sales	$	130.2	$	151.0
Consolidated pack sales and associate fees	6.2		8.0
Consolidated other	0.8		0.8
Total	$	137.2	$	159.8

Long-lived assets, by geographic region


Region	2022		2021
Americas	$	3.2	$	3.8
Asia/Pacific	0.6		0.4
EMEA	—		—
Total	$	3.8	$	4.2

Inventory balances, by country


Region	2022		2021
Americas	$	7.5	$	5.7
Asia/Pacific	5.4		4.7
EMEA	1.8		1.6
Total	$	14.7	$	12.0

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Company Organization (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) region	Dec. 31, 2021 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of regions in which company sells products \| region	3
Liability for Uncertainty in Income Taxes, Noncurrent		$ 0.2
Capitalized Contract Cost, Amortization	$ 2.4
Deposits for building leases	1.3	1.9
Contract with Customer, Liability, Revenue Recognized	4.9
Severance Costs	$ 0.6	$ 0.5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Foreign Currency Translation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign current transaction losses	$ 0.7	$ 0.2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 13,777	$ 24,185	$ 22,207
Credit card receivables	1,900	1,200
Cash and cash equivalents held in bank accounts in foreign countries	11,300	22,600
Restricted Cash, Current	944	944	944
Restricted Cash, Noncurrent	476	503	4,346
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	15,197	$ 25,632	$ 27,497
GSX KOREA
Cash and Cash Equivalents [Line Items]
Net assets	$ 21,300

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Restricted Cash (Details) $ in Millions	Dec. 31, 2022 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Restricted cash	$ 1.4

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Accounts Receivable (Details) $ in Millions	Dec. 31, 2022 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Allowance for doubtful accounts	$ 1.0

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Property, Plant, and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Office furniture and equipment \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Office furniture and equipment \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	7 years
Computer hardware and software \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	3 years
Computer hardware and software \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Automobiles \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	3 years
Automobiles \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	5 years
Leasehold improvements \| Minimum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	2 years
Leasehold improvements \| Maximum
Property, Plant and Equipment [Line Items]
Estimated useful lives of assets	10 years

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other assets	$ 8,439	$ 9,220
Deposits for building leases	1,300	1,900
Deposit assets	2,300	2,400
Indefinite lived intangible assets	200		$ 200
Operating Lease, Right-of-Use Asset	4,600	4,700
Prepaid Inventory	$ 300	$ 1,300

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Notes Payable (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Notes payable outstanding	$ 300	$ 200
Current notes payable	$ 263	$ 205
Debt, Weighted Average Interest Rate	8.30%

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Other long-term liabilities	$ 5,026	$ 5,049
Uncertain income tax positions recorded in noncurrent liabilities		200
Accrued lease restoration costs		300
Severance Costs	600	500
Accrued benefit liability	220	213
Operating Lease, Liability, Noncurrent	4,200	$ 4,300
Foreign Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Accrued benefit liability	$ 200

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Revenue Recognition and Deferred Commissions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenue from External Customer [Line Items]
Sales Revenue Goods Percentage	100.00%	100.00%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 137,208	$ 159,762
Contract with Customer, Liability, Revenue Recognized	4,900
Deferred revenue	5,100	4,900
Deferred revenue associated with customer loyalty programs	4,167	4,292	$ 4,487
Deferred commissions	$ 2,476	$ 2,369
Customer returns, days after original sale date	90 days
Percentage of sale returns	1.50%
Capitalized Contract Cost, Amortization	$ 2,400
Consolidated product sales [Member]
Revenue from External Customer [Line Items]
Sales Revenue Goods Percentage	94.90%	94.40%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 130,200	$ 151,000
Consolidated pack sales [Member]
Revenue from External Customer [Line Items]
Sales Revenue Goods Percentage	4.50%	5.10%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 6,200	$ 8,000
Consolidated other, including freight [Member]
Revenue from External Customer [Line Items]
Sales Revenue Goods Percentage	0.60%	0.50%
Revenue from Contract with Customer, Excluding Assessed Tax	$ 800	$ 800

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Loyalty Program Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Movement in Deferred Revenue [Roll Forward]
Loyalty program deferred revenue, beginning balance	$ 4,292	$ 4,487
Loyalty points forfeited or expired	(3,387)	(3,987)
Loyalty points used	(10,543)	(9,809)
Loyalty points vested	12,773	11,676
Loyalty points unvested	1,032	1,925
Loyalty program deferred revenue, ending balance	$ 4,167	$ 4,292

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Sales Reserves (Details) - Reserve for sales returns - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	$ 55	$ 71
Provision related to sales made in current period	783	778
Adjustment related to sales made in prior periods	(4)	(11)
Actual returns or credits related to current period	(730)	(728)
Actual returns or credits related to prior periods	(45)	(55)
Balance at End of Year	$ 59	$ 55

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Advertising Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Advertising expense	$ 3.2	$ 3.5

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Research and Development Expenses (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Research and development expenses	$ 1.0	$ 1.2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Stock-based Compensation (Details)	12 Months Ended
	Dec. 31, 2022 plan	Apr. 17, 2017 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of active stock based compensation plan \| plan	1
Number of shares authorized (in shares) \| shares		370,000
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option exercise price as percentages of closing exercise price	110.00%
Vesting period of stock options	3 years
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentages of stock option ownership considered for higher exercise price of option	10.00%
Vesting period of stock options	2 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

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Software Development Costs (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Finite-Lived Intangible Assets [Line Items]
Costs Incurred, Development Costs	$ 0.3
Minimum \| Software
Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	3 years
Maximum \| Software
Finite-Lived Intangible Assets [Line Items]
Estimated useful life (in years)	5 years

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration Risk (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Concentration Risk [Line Items]
Sales by product	$ 68,913	$ 78,678
% of total net sales	50.20%	49.20%
Abrotose Life [Member] [Member] \| Product Concentration Risk
Concentration Risk [Line Items]
Sales by product	$ 28,734	$ 28,776
% of total net sales	20.90%	18.00%
Advanced Ambrotose [Member] \| Product Concentration Risk
Concentration Risk [Line Items]
Sales by product	$ 7,909	$ 13,141
% of total net sales	5.80%	8.20%
TruHealth™ \| Product Concentration Risk
Concentration Risk [Line Items]
Sales by product	$ 15,730	$ 18,010
% of total net sales	11.50%	11.30%
Manapol® Powder \| Product Concentration Risk
Concentration Risk [Line Items]
Sales by product	$ 9,624	$ 11,158
% of total net sales	7.00%	7.00%
Optimal Support Packets \| Product Concentration Risk
Concentration Risk [Line Items]
Sales by product	$ 6,916	$ 7,593
% of total net sales	5.00%	4.70%

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Prepaid Expense and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid expenses and other current assets	$ 2,389	$ 2,888
Other Prepaid Expense, Current	1,200
Deposits Assets	900	500
Prepaid Inventory	$ 300	$ 1,300

FAIR VALUE (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Restricted cash	$ 1,400
Recurring Basis
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest bearing deposits – various banks	3,855	$ 7,838
Cash and cash equivalents	3,014	6,986
Restricted cash	680	680
Long-term restricted cash	161	172
Total	3,855	7,838
Recurring Basis \| Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest bearing deposits – various banks	3,855	7,838
Cash and cash equivalents	3,014	6,986
Restricted cash	680	680
Long-term restricted cash	161	172
Total	3,855	7,838
Recurring Basis \| Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest bearing deposits – various banks	0	0
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term restricted cash	0	0
Total	0	0
Recurring Basis \| Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Interest bearing deposits – various banks	0	0
Cash and cash equivalents	0	0
Restricted cash	0	0
Long-term restricted cash	0	0
Total	$ 0	$ 0

INVENTORIES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 3,302	$ 3,271
Finished goods	11,841	9,196
Inventory reserves for obsolescence	(417)	(447)
Total	$ 14,726	$ 12,020

PROPERTY AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Summary of property and equipment [Abstract]
Property and equipment, gross	$ 55,860	$ 55,256
Less accumulated depreciation and amortization	(52,479)	(52,374)
Property and equipment, net	3,381	2,882
Construction in progress	378	1,357
Total	3,759	4,239
Office furniture and equipment
Summary of property and equipment [Abstract]
Property and equipment, gross	2,351	2,648
Computer hardware
Summary of property and equipment [Abstract]
Property and equipment, gross	3,515	3,755
Computer software
Summary of property and equipment [Abstract]
Property and equipment, gross	45,623	44,303
Automobiles
Summary of property and equipment [Abstract]
Property and equipment, gross	110	81
Leasehold improvements
Summary of property and equipment [Abstract]
Property and equipment, gross	4,079	4,292
Assets Held under Capital Leases [Member]
Summary of property and equipment [Abstract]
Property and equipment, gross	$ 182	$ 177

LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
LEASES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Liability, Payments, Due Year Three	$ 1,106
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(576)
Finance Lease, Liability, Undiscounted Excess Amount	(15)
Operating Lease, Liability	5,753
Finance Lease, Liability	149
Finance and Operating Lease Liabilities	5,902	$ 5,945
Finance Lease, Liability, Payments, Due Year Three	22
Lessee, Operating Lease, Liability, Payments, Due Year Four	704
Finance Lease, Liability, Payments, Due Year Four	21
Lessee, Operating Lease, Liability, Payments, Due after Year Five	268
Finance Lease, Liability, Payments, Due after Year Five	0
Lessee, Operating Lease, Liability, Payments, Due	6,329
Finance Lease, Liability, Payment, Due	$ 164
Operating Lease, Weighted Average Remaining Lease Term	4 years 25 days	5 years 14 days
Lessee, Operating Lease, Liability, Payments, Due Year Two	$ 1,829
Operating Lease, Payments	2,017	$ 2,164
Finance Lease, Interest Payment on Liability	$ 76	$ 87
Operating Lease, Weighted Average Discount Rate, Percent	4.35%	4.50%
Finance Lease, Weighted Average Remaining Lease Term	3 years 3 months	2 years 1 month 20 days
Finance Lease, Weighted Average Discount Rate, Percent	7.43%	6.57%
Lessee, Operating Lease, Liability, Payments, Due Year Two	$ 1,772
Operating Lease, Liability, Current	1,600	$ 1,493
Finance and Operating Lease Assets	4,831	4,805
Operating Lease, Right-of-Use Asset	4,600	4,700
Operating Lease, Liability, Noncurrent	4,200	4,300
Lessee, Operating Lease, Liability, Payments, Due Year Five	650
Finance Lease, Liability, Payments, Due Year Five	9
Finance Lease, Liability, Payments, Due Next Twelve Months	69
Finance Lease, Liability, Payments, Due Year Two	43
Lease, Cost	2,514	2,676
Interest Expense [Member]
Lessee, Lease, Description [Line Items]
Finance Lease, Interest Expense	9	28
Depreciation and amortization expense [Member]
Lessee, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset, Amortization	89	108
Other Operating Income (Expense) [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Cost	2,137	2,201
Short-term Lease, Cost	279	339
Other Assets [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	4,649	4,625
Property and Equipment, net [Member]
Lessee, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset	182	180
Accrued Expenses [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Current	1,600	1,493
Current portion of capital leases [Member]
Lessee, Lease, Description [Line Items]
Finance Lease, Liability, Current	61	68
Other longterm liabilities [Member]
Lessee, Lease, Description [Line Items]
Operating Lease, Liability, Noncurrent	4,153	4,318
Finance Leases, excluding current portion [Member] [Member]
Lessee, Lease, Description [Line Items]
Finance Lease, Liability, Noncurrent	$ 88	$ 66

CAPITAL LEASE OBLIGATIONS (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Schedule of future minimum lease payments [Abstract]
Current portion of capital lease obligations	$ 61	$ 68
Long-term portion of capital lease obligations	$ 88	$ 66
Effective interest rate	5.61%

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Summary of accrued expenses [Abstract]
Accrued asset purchases	$ 66	$ 96
Accrued compensation	1,737	2,566
Accrued royalties	41	0
Accrued sales and other taxes	290	314
Other accrued operating expenses	473	1,528
Customer deposits and sales returns	641	774
Accrued travel expenses related to corporate events	834	879
Accrued shipping and handling costs	528	356
Accrued legal and accounting fees	1,300	1,218
Operating Lease, Liability, Current	1,600	1,493
Total	$ 7,510	$ 9,224

INCOME TAXES - Income Before Income Taxes by Jurisdiction and Component (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Components of Company's loss before income taxes [Abstract]
United States	$ (7,822)	$ 6,947
Foreign	7,343	1,945
(Loss) income before income taxes	(479)	8,892
Current provision (benefit):
Federal	241	(17)
State	(37)	(161)
Foreign	2,581	956
Total	2,785	778
Deferred provision (benefit):
Federal	1,200	(1,183)
State	81	(131)
Foreign	(55)	(414)
Total	1,226	(1,728)
Total	$ 4,011	$ (950)

INCOME TAXES - Effective Income Tax Rate Reconcilliation (Details)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of effective income tax rate and United States federal statutory income tax rate [Abstract]
Federal statutory income taxes	21.00%	21.00%
State income taxes, net of federal benefit	20.70%	0.80%
Difference in foreign and United States tax on foreign operations	(24.80%)	0.70%
Effective Income Tax Rate Reconciliation, Tax Settlement, Percent	(278.50%)	0.00%
Effect of changes in valuation allowance	(383.70%)	(45.00%)
Effective Income Tax Rate Reconciliation Foreign Derived Intangible Income Deduction, Percent	0.00%	(8.10%)
Effective Income Tax Rate Reconciliation, Section 250 Deduction, Percent	15.20%	(0.50%)
Effect of changes in tax rates	19.40%	0.20%
Foreign charitable contributions	(12.50%)	0.70%
Return to provision adjustments	(43.40%)	1.30%
Effective Income Tax Rate Reconciliation,Withholding taxes, Percent	(50.30%)	2.50%
Effective Income Tax Rate Reconciliation, Changes to Uncertain Tax Positions	0.00%	(1.80%)
Changes to uncertain tax positions	135.50%	(17.40%)
Other	15.00%	0.10%
Total	(837.40%)	(10.70%)

INCOME TAXES - Summary of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Deferred Revenue	$ 629	$ 409
Inventory	260	235
Accrued expenses	1,240	1,352
Net operating loss	4,956	5,310
Lease liability	240	242
Other	3,333	3,436
Other	968	664
Total deferred tax assets	12,517	12,411
Valuation allowance	(9,772)	(7,934)
Total deferred tax assets, net of valuation allowance	2,745	4,477
Deferred tax liabilities:
Prepaid expenses	41	111
Deferred commissions	418	450
Internally-developed software	0	104
Deferred Tax Liabilities, Leasing Arrangements	624	717
Lease assets	161	270
Deferred Tax Liabilities, Gross	1,244	1,652
Total net deferred tax asset	1,501	2,825
Operating Loss Carryforwards [Line Items]
Deferred Tax Asset, Lease Liability	673	763
Deferred Tax Liabilities, Deferred Expense, Capitalized Research and Development Costs	218	0
Deferred Tax Assets, Valuation Allowance Foreign Tax Carryforwards	3,300
AUSTRALIA
Operating Loss Carryforwards [Line Items]
Gross NOL	120
Tax Effected NOL	36
BERMUDA
Operating Loss Carryforwards [Line Items]
Gross NOL	73
Tax Effected NOL	0
CHINA
Deferred tax assets:
Valuation allowance	(400)	(500)
Gibraltar
Operating Loss Carryforwards [Line Items]
Gross NOL	253
Tax Effected NOL	32
Mexico
Deferred tax assets:
Valuation allowance	(1,800)	(1,900)
Operating Loss Carryforwards [Line Items]
Gross NOL	6,136
Tax Effected NOL	1,840
Norway
Deferred tax assets:
Valuation allowance	(100)	(100)
Operating Loss Carryforwards [Line Items]
Gross NOL	267
Tax Effected NOL	59
Russia
Operating Loss Carryforwards [Line Items]
Gross NOL	8
Tax Effected NOL	2
Singapore
Operating Loss Carryforwards [Line Items]
Gross NOL	148
Tax Effected NOL	25
Norway
Deferred tax assets:
Valuation allowance	(200)	(200)
Operating Loss Carryforwards [Line Items]
Gross NOL	631
Tax Effected NOL	170
Sweden
Operating Loss Carryforwards [Line Items]
Gross NOL	424
Tax Effected NOL	87
Switzerland
Deferred tax assets:
Valuation allowance	(300)	(500)
Operating Loss Carryforwards [Line Items]
Gross NOL	4,510
Tax Effected NOL	415
Taiwan
Deferred tax assets:
Valuation allowance	(600)	(600)
Operating Loss Carryforwards [Line Items]
Gross NOL	3,081
Tax Effected NOL	616
Taiwan
Operating Loss Carryforwards [Line Items]
Gross NOL	7
Tax Effected NOL	1
United Kingdom
Deferred tax assets:
Valuation allowance	(6,200)	(3,400)
Operating Loss Carryforwards [Line Items]
Tax Effected NOL	2,835	596
United States - State
Operating Loss Carryforwards [Line Items]
Gross NOL	275
Tax Effected NOL	69
CYPRUS
Deferred tax assets:
Valuation allowance	(200)	(200)
Operating Loss Carryforwards [Line Items]
Gross NOL	1,373
Tax Effected NOL	172
COLOMBIA
Deferred tax assets:
Valuation allowance	0	(500)
DENMARK
Operating Loss Carryforwards [Line Items]
Gross NOL	1
Tax Effected NOL		0
NETHERLANDS
Operating Loss Carryforwards [Line Items]
Gross NOL	5
Tax Effected NOL		1
State and Local Jurisdiction
Operating Loss Carryforwards [Line Items]
Gross NOL	$ 14,248	$ 835

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Tax Credit Carryforward [Line Items]
Effective Income Tax Rate Reconciliation, Percent	(837.40%)	(10.70%)
Valuation allowance	$ 9,772	$ 7,934
Other	$ 3,333	$ 3,436

INCOME TAXES - Valuation Allowance(Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Valuation Allowance [Line Items]
Valuation allowance	$ 9,772	$ 7,934
Other	3,333	3,436
Deferred Tax Assets, Valuation Allowance Foreign Tax Carryforwards	3,300
CHINA
Valuation Allowance [Line Items]
Valuation allowance	400	500
Mexico
Valuation Allowance [Line Items]
Valuation allowance	1,800	1,900
Norway
Valuation Allowance [Line Items]
Valuation allowance	100	100
Norway
Valuation Allowance [Line Items]
Valuation allowance	200	200
Switzerland
Valuation Allowance [Line Items]
Valuation allowance	300	500
Taiwan
Valuation Allowance [Line Items]
Valuation allowance	600	600
United Kingdom
Valuation Allowance [Line Items]
Valuation allowance	6,200	3,400
COLOMBIA
Valuation Allowance [Line Items]
Valuation allowance	0	500
CYPRUS
Valuation Allowance [Line Items]
Valuation allowance	$ 200	$ 200

INCOME TAXES - Deferred Income Tax Classification (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Total net deferred tax asset	$ 1,501	$ 2,825
Other	3,333	3,436
Valuation allowance	$ 9,772	$ 7,934

TRANSACTIONS WITH RELATED PARTIES AND AFFILIATES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Commissions and incentives	$ 55,483	$ 63,784
DirectorMemberAndFamily
Related Party Transaction [Line Items]
Payment of employment related commissions and incentives	1,700	1,800
Member of the Board of Directors
Related Party Transaction [Line Items]
Payment of employment related commissions and incentives	200	200
ImmediateFamilyMemberofDirectorber
Related Party Transaction [Line Items]
Payment of employment related commissions and incentives	1,500	1,600
Directors, Officers and Family Members on M5M Foundation Board
Related Party Transaction [Line Items]
Cash donations	600	600
Member of the Board of Directors and Family
Related Party Transaction [Line Items]
Commissions and incentives	100	100
FamilyMemberOfManagementOrPrincipalOwner
Related Party Transaction [Line Items]
Commissions and incentives	100	100
Son of the Chairman of the Board
Related Party Transaction [Line Items]
Officers' compensation	$ 477	$ 375

EMPLOYEE BENEFIT PLANS - Narrative (Details) $ in Thousands	12 Months Ended
EMPLOYEE BENEFIT PLANS - Narrative (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Retirement Benefits [Abstract]
Service period, minimum	3 months
Employees eligible age under plan, minimum	21 years
Maximum annual contribution per employee	100.00%
Vesting period of employer's matching contributions	5 years
Contributions by employer	$ 300
Expected employer's contributions in 2018	$ 18

EMPLOYEE BENEFIT PLANS - Projected Benefit Obligation and Fair Value of Plan Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Projected benefit obligation:
Balance, beginning of year	$ 213	$ 370
Service cost	40	49
Interest cost	0	1
Liability (gain) loss	(6)	(4)
Benefits paid to participants	0	(171)
Foreign currency	(27)	(32)
Balance, end of year	220	213
Plan assets:
Fair value, beginning of year	0	0
Company contributions	0	171
Benefits paid to participants	0	(171)
Fair value, end of year	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Funded Status (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Benefit obligation	$ (220)	$ (213)	$ (370)
Fair value of plan assets	0	0
Excess of benefit obligation over fair value of plan assets	$ (220)	$ (213)

EMPLOYEE BENEFIT PLANS - Amounts Recognized in Accompanying Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Accrued benefit liability	$ (220)	$ (213)
Transition obligation and unrealized gain	(89)	(137)
Net amount recognized in the consolidated balance sheets	(309)	(350)
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax	657	628
Deferred Tax Assets, Tax Deferred Expense	(257)	(247)
Stockholders' Equity Attributable to Parent	$ 14,176	$ 24,412	$ 25,972

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI https://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
-URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=123596393&loc=d3e14064-108612

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

EMPLOYEE BENEFIT PLANS - Other Changes Recognized in Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Current year actuarial gain	$ (6)	$ (4)
Amortization of transition obligation	(3)	(4)
Total recognized in other comprehensive loss	(9)	(8)
Total recognized in comprehensive (loss) income	(6)	(1)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	$ 3	$ 7

EMPLOYEE BENEFIT PLANS - Amounts Not Yet Reflected in Net Period Benefit Cost and Included in Accumulated Other Comprehensive Gain (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Transition obligation	$ 45	$ 49
Prior service cost	38	84
Net actuarial gain	6	4
Total recognized in accumulated other comprehensive gain	$ 89	$ 137

EMPLOYEE BENEFIT PLANS - Estimate Amounts of Amortized Transition Obligation (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Transition obligation	$ (3)	$ (4)

EMPLOYEE BENEFIT PLANS - Aggregate Benefit Plan Information and Accumulated Benefit Plan Obligation Information (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Projected benefit obligation	$ 220	$ 213
Accumulated benefit obligation	220	213
Fair value of plan assets	$ 0	$ 0

EMPLOYEE BENEFIT PLANS - Weighted Average Assumption to Determine the Benefit Obligation (Details)	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Discount rate	0.50%	0.20%
Rate of increase in compensation levels	0.00%	0.00%

EMPLOYEE BENEFIT PLANS - Components of Net Period Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Retirement Benefits [Abstract]
Service cost	$ 40	$ 49
Interest cost	0	1
Amortization of transition obligation	3	4
Defined Benefit Plan, Amortization of Gain (Loss)	(4)	(4)
Prior service cost	(36)	(43)
Total pension expense	$ 3	$ 7

EMPLOYEE BENEFIT PLANS - Estimated Benefits and Contributions (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Retirement Benefits [Abstract]
2018	$ 18
2019	19
2020	35
2021	38
2022	30
Next five years	187
Total expected benefits to be paid	$ 327

STOCK BASED COMPENSATION (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) plan $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Apr. 17, 2017 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate		240.00%
Number of active stock based compensation plan \| plan	1
Number of shares authorized (in shares) \| shares			370,000
Number of shares available for grant (in shares) \| shares	126,276
New shares issued (in shares) \| shares	11,334
Intrinsic value of exercised options	$ 100	$ 1,200
Non-vested shares (in shares) \| shares	10,003	8,336
Number of Options [Roll Forward]
Outstanding at beginning of year (in shares) \| shares	244,000
Granted (in shares) \| shares	11,000
Exercised (in shares) \| shares	(11,000)
Forfeited or expired (in shares) \| shares	0
Outstanding at end of year (in shares) \| shares	244,000	244,000
Options exercisable at year end (in shares) \| shares	234,000
Weighted average exercise price [Roll Forward]
Outstanding at beginning of year (in dollars per share) \| $ / shares	$ 17.10
Granted (in dollars per share) \| $ / shares	22.00
Exercised (in dollars per share) \| $ / shares	16.93
Outstanding at end of year (in dollars per share) \| $ / shares	17.35	$ 17.10
Options exercisable at year end (in dollars per share) \| $ / shares	$ 17.14
Weighted average remaining contractual life (in years) [Abstract]
Outstanding at end of year	4 years 3 months 29 days
Options exercisable at year end	4 years 1 month 17 days
Aggregate intrinsic value [Abstract]
Outstanding at end of year	$ 418
Options exercisable at year end	$ 418
Assumptions used to calculate compensation expense and fair value of stock options granted [Abstract]
Average expected life of stock options	4 years 6 months	4 years 6 months
Weighted-average grant-date fair value (in dollars per share) \| $ / shares	$ 7.21	$ 6.77
Total fair value of shares vested	$ 100	$ 100
Summary of amounts related to the expense of the fair values of options [Abstract]
Selling, general and administrative expenses and income from operations before income taxes	78	50
Benefit for income taxes	(18)	(12)
Effect on net income	60	$ 38
Unrecognized compensation expense [Abstract]
Total gross unrecognized compensation expense in 2018	33
Total gross unrecognized compensation expense in 2019	10
Tax benefit associated with unrecognized compensation expense due current	8
Tax benefit associated with unrecognized compensation expense in 2018	2
Total tax benefit associated with unrecognized compensation expense	10
Total net unrecognized compensation expense in 2018	25
Total net unrecognized compensation expense in 2019	8
Total Gross unrecognized compensation expense due	43
Total net unrecognized compensation expense	$ 33
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		70.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate		5670.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period \| shares	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price \| $ / shares	$ 0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price \| $ / shares	$ 0
Risk-free interest rate, minimum	2.90%
Risk-free interest rate, maximum	3.40%
Expected market price volatility, minimum	63.60%
Expected market price volatility, maximum	64.90%
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount	$ 100
Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options	2 years
Unrecognized compensation expense [Abstract]
Dividend yield	2.60
Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period of stock options	3 years
Unrecognized compensation expense [Abstract]
Dividend yield	3.90
Board of Directors
Number of Options [Roll Forward]
Granted (in shares) \| shares	11,807
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

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Payment of royalties	$ 0.1	$ 0.1
Royalty and Consulting Agreements [Abstract]
Payment of royalties	0.1	$ 0.1
Payable amount on termination of employment relationships with executives	0.6
Natural Aloe de Costa Rica, S.A.
Purchase Commitment, Excluding Long-term Commitment [Line Items]
Purchase commitment aggregate amount	$ 7.9

SHAREHOLDERS' EQUITY (Details) - USD ($)	12 Months Ended
SHAREHOLDERS' EQUITY (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Aug. 31, 2018	Aug. 31, 2016	Aug. 28, 2006	Jun. 30, 2004	May 19, 1998
Preferred Stock [Abstract]
Common stock, shares authorized (in shares)	99,000,000	99,000,000					100,000,000
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount					$ 20,000,000
Stock repurchased since inception	$ 1,982,000	$ 5,052,000
Treasury stock repurchased (in shares)	99,293	200,115
Treasury stock repurchased, average cost per share (USD per share)	$ 21.87	$ 26.76
Shares issued due to exercise of stock options (in shares)	11,334
Shares issued as compensation for the work (in shares)	6,072
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 24,412,000	$ 25,972,000
Ending balance	14,176,000	24,412,000
Dividends	1,500,000	4,300,000
Payments for Repurchase of Common Stock	1,982,000	$ 5,052,000
June 2004 Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Number of common shares authorized to be repurchased (in shares)						131,756
Stock repurchase program, authorized amount						$ 1,300,000
August 2006 Plan
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, remaining authorized repurchase amount	12,600,000		$ 500,000	$ 500,000
Stock repurchased since inception	1,500,000
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Stock repurchase program, remaining authorized repurchase amount	12,600,000		$ 500,000	$ 500,000
May 28 2021 Tender Offer
Equity, Class of Treasury Stock [Line Items]
Treasury stock repurchased (in shares)		171,433
Foreign Currency Translation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1,961,000	$ 4,793,000
Current-period change before reclassifications	(2,546,000)	(2,832,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	(23,000)
Disposition of foreign entity	0	0
Income tax provision	0	0
Ending balance	(608,000)	1,961,000
Pension Postretirement Benefit Obligation
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	381,000	357,000
Current-period change before reclassifications	0	0
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	0
Disposition of foreign entity	29,000	37,000
Income tax provision	(10,000)	(13,000)
Ending balance	400,000	381,000
Accumulated other comprehensive income (loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	2,342,000	5,150,000
Current-period change before reclassifications	(2,546,000)	(2,832,000)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss), before Reclassification and Tax	(23,000)
Disposition of foreign entity	29,000	37,000
Income tax provision	(10,000)	(13,000)
Ending balance	$ (208,000)	$ 2,342,000

EARNINGS PER SHARE EARNINGS PER SHARE (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Earnings Per Share [Abstract]
Average Share Price		$ 27.36
Basic (in shares)	1,913,000	1,990,000
Diluted (in shares)	1,913,000	2,088,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount		100,000
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements		100,000

SEGMENT INFORMATION (Details) $ in Thousands	12 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Dec. 31, 2022 USD ($) region country segment	Dec. 31, 2021 USD ($)
Segment Reporting [Abstract]
Number of operating segments \| segment	1
Number of reporting segments \| segment	1
Number of countries in which entity network marketing and distribution channels operates \| country	24
Number of countries in which company operates facilities \| country	11
Number of countries in which company sells products \| country	25
Number of regions in which company sells products \| region	3
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 137,208	$ 159,762
Percent of total revenue	100.00%	100.00%
Long-lived assets by country of domicile [Abstract]
Long-lived assets	$ 3,759	$ 4,239
Inventory, by Country [Abstract]
Inventories, net	14,726	12,020
Consolidated product sales
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 130,200	$ 151,000
Percent of total revenue	94.90%	94.40%
Consolidated pack sales and associate fees
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 6,200	$ 8,000
Percent of total revenue	4.50%	5.10%
Consolidated other
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 800	$ 800
Percent of total revenue	0.60%	0.50%
Reportable Geographical Components \| Americas
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 41,600	$ 46,800
Percent of total revenue	30.30%	29.30%
Long-lived assets by country of domicile [Abstract]
Long-lived assets	$ 3,200	$ 3,800
Inventory, by Country [Abstract]
Inventories, net	7,500	5,700
Reportable Geographical Components \| Asia/Pacific
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 83,800	$ 97,700
Percent of total revenue	61.10%	61.10%
Long-lived assets by country of domicile [Abstract]
Long-lived assets	$ 600	$ 400
Inventory, by Country [Abstract]
Inventories, net	5,400	4,700
Reportable Geographical Components \| EMEA
Revenue from External Customer [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 11,800	$ 15,300
Percent of total revenue	8.60%	9.60%
Long-lived assets by country of domicile [Abstract]
Long-lived assets	$ 0	$ 0
Inventory, by Country [Abstract]
Inventories, net	$ 1,800	$ 1,600

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Allowance for doubtful accounts
Schedule of Valuation and Qualifying Accounts [Roll Forward]
Balance at Beginning of Year	$ 987	$ 817
Additions Charged to Costs and Expenses	(26)	246
Additions Charged to other Accounts	0	0
Deductions	12	(76)
Balance at End of Year	973	987
Allowance for obsolete inventories
Schedule of Valuation and Qualifying Accounts [Roll Forward]
Balance at Beginning of Year	447	471
Additions Charged to Costs and Expenses	543	638
Additions Charged to other Accounts	0	0
Deductions	(573)	(662)
Balance at End of Year	417	447
Valuation allowance for deferred tax assets
Schedule of Valuation and Qualifying Accounts [Roll Forward]
Balance at Beginning of Year	7,934	11,933
Additions Charged to Costs and Expenses	1,838	(3,999)
Additions Charged to other Accounts	0	0
Deductions	0	0
Balance at End of Year	9,772	7,934
Reserve for sales returns
Schedule of Valuation and Qualifying Accounts [Roll Forward]
Balance at Beginning of Year	55	71
Additions Charged to Costs and Expenses	779	767
Additions Charged to other Accounts	0	0
Deductions	(775)	(783)
Balance at End of Year	$ 59	$ 55