MANNATECH INC disclosed substantial doubt about its ability to continue as a going concern
No going-concern disclosure→Substantial doubt about ability to continue as a going concern
… $3.6 million from the issuance of notes payable (see Note 11, Notes Payable) and we used $1.6 million in the repayment of finance lease obligations and other long-term liabilities. 50 Table of Contents Liquidity and Going Concern In accordance with ASC 205-40, Presentation of Financial Statements—Going Concern, management evaluated whether conditions and events, considered in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date these financial statements are issued. As of December 31, 2025, the Company had cash and…
Evidence
Blank check
No
Comparable
Yes
Current state
substantial_doubt
Current state label
Substantial doubt about ability to continue as a going concern
Direction
escalated
Located in
going-concern note
Prior filed
2025-03-26
Prior form
10-K
Prior state
none
Prior state label
No going-concern disclosure
Source
ASC 205-40 going-concern note comparison
Why
Disclosure about the company's ability to continue as a going concern changed compared with its previous report.
MANNATECH INC told the SEC it could not file its annual report on time
Does not expect a significant change in results.2 days past the statutory due date.
The Company is unable to file its Annual Report on Form 10‑K for the year ended December 31, 2025, within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its review of the income tax provision. The Company is assessing the preliminary conclusions reached in the computation of the amount of deferred taxes to be recorded on unremitted foreign earnings. The Company experienced a decline in net sales, incurred operating losses and negative cash flows from operating activities during the year ended December 31, 2025, which caused liquidity constraints. These events lead to a conclusion that substantial doubt exists about the…
Evidence
Anticipates significant change
No
Days past due date
2
Other periodic reports filed
Yes
Routine
No
Severity
elevated
Source
Form 12b-25 (notification of late filing)
Stated reason
The Company is unable to file its Annual Report on Form 10‑K for the year ended December 31, 2025, within the prescribed time period without unreasonable effort or expense because it requires additional time to complete its review of the income tax provision. The Company is assessing the preliminary conclusions reached in the computation of the amount of deferred taxes to be recorded on unremitted foreign earnings. The Company experienced a decline in net sales, incurred operating losses and negative cash flows from operating activities during the year ended December 31, 2025, which caused liquidity constraints. These events lead to a conclusion that substantial doubt exists about the…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.
MANNATECH INC told the SEC it could not file its annual report on time
Does not expect a significant change in results.1 day past the statutory due date.
The Company is unable to file its Annual Report on Form 10‑K for the year ended December 31, 2025, within the prescribed time period without unreasonable effort or expense because our independent auditor discussed with us the possibility of a going concern issue, management needs more time to assess the repercussions and any necessary remediation efforts. That assessment includes discussions with third-party tax advisors and review of a cost-reduction plan. The Company experienced a decline in net sales, incurred operating losses and negative cash flows from operating activities during the year ended December 31, 2025, which caused liquidity constraints. The Company expects to file the Form…
Evidence
Anticipates significant change
No
Days past due date
1
Other periodic reports filed
Yes
Routine
No
Severity
high
Source
Form 12b-25 (notification of late filing)
Stated reason
The Company is unable to file its Annual Report on Form 10‑K for the year ended December 31, 2025, within the prescribed time period without unreasonable effort or expense because our independent auditor discussed with us the possibility of a going concern issue, management needs more time to assess the repercussions and any necessary remediation efforts. That assessment includes discussions with third-party tax advisors and review of a cost-reduction plan. The Company experienced a decline in net sales, incurred operating losses and negative cash flows from operating activities during the year ended December 31, 2025, which caused liquidity constraints. The Company expects to file the Form…
Why
The company told the SEC it could not file a periodic report on time, using Form 12b-25.