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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 28,463 $ 23,633
Accounts Receivable - less allowances of $1,143 and $1,124, respectively 18,650 20,077
Inventories - Net 11,759 11,510
Other Current Assets 1,003 2,137
Total Current Assets 59,875 57,357
Right-Of-Use Assets - Operating 3,571 493
Property and Equipment - Net 8,666 8,599
Goodwill - Net 3,526 3,526
Deferred Taxes 5 5
Other Long Term Assets 1,644 1,591
Total Assets 77,287 71,571
Current Liabilities:    
Accounts Payable 2,160 2,471
Accrued Compensation 3,609 5,429
Accrued Commissions and Sales Incentives 4,555 4,348
Dividends Payable 3,027 2,826
Taxes Payable 279 979
Lease Liability - Operating 404 247
Other Liabilities 4,639 5,571
Total Current Liabilities 18,673 21,871
Lease Liability – Operating, net of current portion 3,169 252
Deferred Taxes 65 121
Long Term Taxes Payable 493 559
Other Long Term Liabilities 1,829 2,391
Total Liabilities 24,229 25,194
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   June 30, 2021 and December 31, 2020 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 42,366 35,769
Accumulated Other Comprehensive Loss (745) (778)
Total Omega Flex, Inc. Shareholders’ Equity 52,747 46,117
Noncontrolling Interest 311 260
Total Shareholders’ Equity 53,058 46,377
Total Liabilities and Shareholders’ Equity $ 77,287 $ 71,571