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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 32,913 $ 23,633
Accounts Receivable - less allowances of $1,410 and $1,124, respectively 20,726 20,077
Inventories - Net 15,565 11,510
Other Current Assets 2,533 2,137
Total Current Assets 71,737 57,357
Right-Of-Use Assets - Operating 3,374 493
Property and Equipment - Net 8,569 8,599
Goodwill - Net 3,526 3,526
Deferred Taxes 7 5
Other Long Term Assets 1,702 1,591
Total Assets 88,915 71,571
Current Liabilities:    
Accounts Payable 3,355 2,471
Accrued Compensation 7,008 5,429
Accrued Commissions and Sales Incentives 7,183 4,348
Dividends Payable 2,826
Taxes Payable 1 979
Lease Liability - Operating 383 247
Other Liabilities 4,864 5,571
Total Current Liabilities 22,794 21,871
Lease Liability - Operating, net of current portion 2,990 252
Deferred Taxes 427 121
Tax Payable Long Term 493 559
Other Long Term Liabilities 1,670 2,391
Total Liabilities 28,374 25,194
Commitments and Contingencies (Note 10)
Omega Flex, Inc. Shareholders’ Equity:    
Common Stock – par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued at December 31, 2021 and 2020, respectively, and 10,094,322 outstanding at December 31, 2021 and 2020, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 50,053 35,769
Accumulated Other Comprehensive Loss (827) (778)
Total Omega Flex, Inc. Shareholders’ Equity 60,352 46,117
Noncontrolling Interest 189 260
Total Shareholders’ Equity 60,541 46,377
Total Liabilities and Shareholders’ Equity $ 88,915 $ 71,571