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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 27,245 $ 23,633
Accounts Receivable - less allowances of $1,230 and $1,124, respectively 22,115 20,077
Inventories – Net 12,841 11,510
Other Current Assets 3,361 2,137
Total Current Assets 65,562 57,357
Right-Of-Use Assets – Operating 3,464 493
Property and Equipment – Net 8,621 8,599
Goodwill – Net 3,526 3,526
Deferred Taxes 5 5
Other Long Term Assets 1,674 1,591
Total Assets 82,852 71,571
Current Liabilities:    
Accounts Payable 1,852 2,471
Accrued Compensation 5,192 5,429
Accrued Commissions and Sales Incentives 5,493 4,348
Dividends Payable 3,028 2,826
Taxes Payable 979
Lease Liability - Operating 404 247
Other Liabilities 5,287 5,571
Total Current Liabilities 21,256 21,871
Lease Liability – Operating, net of current portion 3,058 252
Deferred Taxes 424 121
Long Term Taxes Payable 493 559
Other Long Term Liabilities 1,659 2,391
Total Liabilities 26,890 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 September 30, 2021 and December 31, 2020 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 45,486 35,769
Accumulated Other Comprehensive Loss (835) (778)
Total Omega Flex, Inc. Shareholders’ Equity 55,777 46,117
Noncontrolling Interest 185 260
Total Shareholders’ Equity 55,962 46,377
Total Liabilities and Shareholders’ Equity $ 82,852 $ 71,571