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CONDENSED CONSOLIDATED BALANCE SHEETS (September 30, 2012 unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
Current Assets    
Cash and Cash Equivalents $ 9,206 $ 3,476
Accounts Receivable 11,124 [1] 9,052 [2]
Inventories-Net 6,425 6,465
Deferred Taxes 645 714
Other Current Assets 1,662 1,240
Total Current Assets 29,062 20,947
Property and Equipment - Net 4,935 5,270
Goodwill-Net 3,526 3,526
Other Long Term Assets 1,951 1,748
Total Assets 39,474 31,491
Current Liabilities:    
Accounts Payable 1,498 1,019
Accrued Compensation 1,962 1,470
Accrued Commissions and Sales Incentives 2,634 2,098
Other Liabilities 2,581 2,143
Total Current Liabilities 8,675 6,730
Deferred Taxes 978 1,037
Other Long Term Liabilities 715 807
Total Liabilities 10,368 8,574
Omega Flex, Inc. Shareholders' Equity:    
Common Stock 102 102
Treasury Stock (1) (1)
Paid-in Capital 10,808 10,808
Retained Earnings 18,499 12,397
Accumulated Other Comprehensive Loss (420) (502)
Total Omega Flex, Inc. Shareholders' Equity 28,988 22,804
Noncontrolling Interest 118 113
Total Shareholders' Equity 29,106 22,917
Total Liabilities and Shareholders' Equity $ 39,474 $ 31,491
[1] less allowances of $677
[2] less allowances of $624