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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 37,703 $ 32,913
Accounts Receivable - less allowances of $1,111 and $1,410, respectively 17,503 20,726
Inventories - Net 17,764 15,565
Other Current Assets 2,785 2,533
Total Current Assets 75,755 71,737
Right-Of-Use Assets - Operating 3,205 3,374
Property and Equipment - Net 8,404 8,569
Goodwill - Net 3,526 3,526
Deferred Taxes 923 7
Other Long Term Assets 5,871 1,702
Total Assets 97,684 88,915
Current Liabilities:    
Accounts Payable 2,290 3,355
Accrued Compensation 3,782 7,008
Accrued Commissions and Sales Incentives 4,996 7,183
Dividends Payable 3,232
Taxes Payable 109 1
Lease Liability - Operating 447 383
Other Liabilities 7,530 4,864
Total Current Liabilities 22,386 22,794
Lease Liability - Operating, net of current portion 2,763 2,990
Deferred Taxes 6 427
Tax Payable Long Term 370 493
Other Long Term Liabilities 986 1,670
Total Liabilities 26,511 28,374
Commitments and Contingencies (Note 11)
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 December 31, 2022 and December 31, 2021, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 60,954 50,053
Accumulated Other Comprehensive Loss (1,103) (827)
Total Omega Flex, Inc. Shareholders’ Equity 70,977 60,352
Noncontrolling Interest 196 189
Total Shareholders’ Equity 71,173 60,541
Total Liabilities and Shareholders’ Equity $ 97,684 $ 88,915