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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 28,971 $ 32,913
Accounts Receivable - less allowances of $1,254 and $1,410, respectively 18,760 20,726
Inventories - Net 17,820 15,565
Other Current Assets 1,854 2,533
Total Current Assets 67,405 71,737
Right-Of-Use Assets - Operating 3,481 3,374
Property and Equipment - Net 8,361 8,569
Goodwill - Net 3,526 3,526
Deferred Taxes 7 7
Other Long Term Assets 1,658 1,702
Total Assets 84,438 88,915
Current Liabilities:    
Accounts Payable 2,399 3,355
Accrued Compensation 1,791 7,008
Accrued Commissions and Sales Incentives 3,589 7,183
Dividends Payable 3,028
Taxes Payable 1,873 1
Lease Liability - Operating 450 383
Other Liabilities 3,585 4,864
Total Current Liabilities 16,715 22,794
Lease Liability - Operating, net of current portion 3,031 2,990
Deferred Taxes 172 427
Tax Payable Long Term 493 493
Other Long Term Liabilities 1,121 1,670
Total Liabilities 21,532 28,374
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 at March 31, 2022 and December 31, 2021, respectively, and 10,094,322 outstanding at March 31, 2022 and December 31, 2021, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 52,476 50,053
Accumulated Other Comprehensive Loss (898) (827)
Total Omega Flex, Inc. Shareholders’ Equity 62,704 60,352
Noncontrolling Interest 202 189
Total Shareholders’ Equity 62,906 60,541
Total Liabilities and Shareholders’ Equity $ 84,438 $ 88,915