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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 30,272 $ 32,913
Accounts Receivable - less allowances of $1,162 and $1,410, respectively 17,403 20,726
Inventories - Net 21,542 15,565
Other Current Assets 2,296 2,533
Total Current Assets 71,513 71,737
Right-Of-Use Assets - Operating 3,445 3,374
Property and Equipment - Net 8,496 8,569
Goodwill - Net 3,526 3,526
Deferred Taxes 410 7
Other Long Term Assets 1,558 1,702
Total Assets 88,948 88,915
Current Liabilities:    
Accounts Payable 2,682 3,355
Accrued Compensation 3,178 7,008
Accrued Commissions and Sales Incentives 3,944 7,183
Dividends Payable 3,230
Taxes Payable 1
Lease Liability - Operating 461 383
Other Liabilities 6,029 4,864
Total Current Liabilities 19,524 22,794
Lease Liability - Operating, net of current portion 2,985 2,990
Deferred Taxes 14 427
Tax Payable Long Term 427 493
Other Long Term Liabilities 1,070 1,670
Total Liabilities 24,020 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 and 10,094,322 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 54,696 50,053
Accumulated Other Comprehensive Loss (1,090) (827)
Total Omega Flex, Inc. Shareholders’ Equity 64,732 60,352
Noncontrolling Interest 196 189
Total Shareholders’ Equity 64,928 60,541
Total Liabilities and Shareholders’ Equity $ 88,948 $ 88,915