XML 41 R29.htm IDEA: XBRL DOCUMENT v3.22.2.2
STOCK-BASED COMPENSATION PLANS (Details Narrative) - USD ($)
1 Months Ended 3 Months Ended 9 Months Ended 12 Months Ended
Aug. 19, 2022
Feb. 22, 2022
Aug. 31, 2022
Mar. 31, 2022
Feb. 28, 2022
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                          
Unvested units outstanding           6,653   6,653         8,358
Share based compensation paid in period     $ 107,000 $ 295,000 $ 838,000                
Share based compensation vested shares     950   5,450         1,870 1,870 1,870  
Nonvested forfeited Units           0 1,212 0 1,212        
Compensation expense             $ 56,000   $ 56,000        
Share based compensation liability           $ 1,238,000   $ 1,238,000         $ 2,427,000
Share based compensation liability, current           656,000   656,000         1,156,000
Share based compensation liability, non-current           582,000   582,000         $ 1,271,000
Unrecognized compensation costs           469,000   $ 469,000          
Compensation expense, weighted average recognize period               1 year 4 months 24 days          
Phantom Stock Plan [Member]                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                          
Share based compensation, description               On April 1, 2006, the Company adopted the Omega Flex, Inc. 2006 Phantom Stock Plan (the “Plan”). The Plan authorizes the grant of up to one million units of phantom stock to employees, officers, or directors of the Company. The phantom stock units (“Units”) each represent a contractual right to payment of compensation in the future based on the market value of the Company’s common stock          
Share based compensation vesting rights               The Units are granted to participants upon the recommendation of the Company’s President, and the approval of the Compensation Committee. Each of the Units that are granted to a participant will be initially valued by the Compensation Committee at an amount equal to the closing price of the Company’s common stock on the grant date but are recorded at fair value using the Black-Sholes method as described below. The Units follow a vesting schedule, with a maximum vesting of three years after the grant date. Grants made on or after January 1, 2023, will fully vest three-years from the grant date. Upon vesting, the Units represent a contractual right of payment for the value of the Unit and therefore are stated as liabilities in accordance with Topic 718          
Compensation expense           $ 81,000 $ 102,000 $ 51,000 $ 579,000        
Full Value Units [Member]                          
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]                          
Share based compensation grants in period 1,022 2,471                      
Share based compensation weighted average grant date fair value $ 113.63 $ 148.03