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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current Assets:    
Cash and Cash Equivalents $ 18,577 $ 16,098
Accounts Receivable - less allowances of $1,013 and $1,433, respectively 16,319 17,047
Inventories - Net 11,429 11,078
Other Current Assets 2,840 2,097
Total Current Assets 49,165 46,320
Right-Of-Use Assets - Operating 524 771
Property and Equipment - Net 8,647 8,909
Goodwill - Net 3,526 3,526
Deferred Taxes 4 4
Other Long Term Assets 1,520 1,454
Total Assets 63,386 60,984
Current Liabilities:    
Accounts Payable 2,147 2,383
Accrued Compensation 3,640 4,618
Accrued Commissions and Sales Incentives 3,415 4,461
Dividends Payable 2,826 2,826
Taxes Payable 423
Lease Liability - Operating 275 369
Other Liabilities 5,787 5,404
Total Current Liabilities 18,090 20,484
Lease Liability – Operating, net of current portion 259 418
Deferred Taxes 416 331
Long Term Taxes Payable 559
Other Long Term Liabilities 2,264 2,175
Total Liabilities 21,588 23,408
Commitments and Contingencies (Note 5)  
Omega Flex, Inc. Shareholders’ Equity:    
Common Stock – par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued and 10,094,322 outstanding at both September 30, 2020 and December 31, 2019 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 31,418 27,165
Accumulated Other Comprehensive Loss (968) (909)
Total Omega Flex, Inc. Shareholders’ Equity 41,576 37,382
Noncontrolling Interest 222 194
Total Shareholders’ Equity 41,798 37,576
Total Liabilities and Shareholders’ Equity $ 63,386 $ 60,984