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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 30,569,000 $ 32,913,000
Accounts Receivable - less allowances of $1,229 and $1,410, respectively 19,043,000 20,726,000
Inventories - Net 21,827,000 15,565,000
Other Current Assets 4,615,000 2,533,000
Total Current Assets 76,054,000 71,737,000
Right-Of-Use Assets - Operating 3,095,000 3,374,000
Property and Equipment - Net 8,558,000 8,569,000
Goodwill - Net 3,526,000 3,526,000
Deferred Taxes 206,000 7,000
Other Long Term Assets 1,584,000 1,702,000
Total Assets 93,023,000 88,915,000
Current Liabilities:    
Accounts Payable 2,576,000 3,355,000
Accrued Compensation 2,897,000 7,008,000
Accrued Commissions and Sales Incentives 4,765,000 7,183,000
Dividends Payable 3,230,000
Taxes Payable 1,000
Lease Liability - Operating 431,000 383,000
Other Liabilities 7,079,000 4,864,000
Total Current Liabilities 20,978,000 22,794,000
Lease Liability - Operating, net of current portion 2,668,000 2,990,000
Deferred Taxes 13,000 427,000
Tax Payable Long Term 427,000 493,000
Other Long Term Liabilities 914,000 1,670,000
Total Liabilities 25,000,000 28,374,000
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 shares outstanding as of September 30, 2022 and December 31, 2021, respectively 102,000 102,000
Treasury Stock (1,000) (1,000)
Paid-in Capital 11,025,000 11,025,000
Retained Earnings 58,005,000 50,053,000
Accumulated Other Comprehensive Loss (1,287,000) (827,000)
Total Omega Flex, Inc. Shareholders’ Equity 67,844,000 60,352,000
Noncontrolling Interest 179,000 189,000
Total Shareholders’ Equity 68,023,000 60,541,000
Total Liabilities and Shareholders’ Equity $ 93,023,000 $ 88,915,000