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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 37,954 $ 37,703
Accounts Receivable - less allowances of $867 and $1,111, respectively 16,168 17,503
Inventories - Net 16,150 17,764
Other Current Assets 4,577 2,785
Total Current Assets 74,849 75,755
Right-Of-Use Assets - Operating 2,920 3,205
Property and Equipment - Net 9,057 8,404
Goodwill - Net 3,526 3,526
Deferred Taxes 82 923
Other Long Term Assets 5,158 5,871
Total Assets 95,592 97,684
Current Liabilities:    
Accounts Payable 1,473 2,290
Accrued Compensation 2,486 3,782
Accrued Commissions and Sales Incentives 3,418 4,996
Dividends Payable 3,331 3,232
Taxes Payable 109
Lease Liability - Operating 450 447
Other Liabilities 3,910 7,530
Total Current Liabilities 15,068 22,386
Lease Liability - Operating, net of current portion 2,478 2,763
Deferred Taxes 82 6
Taxes Payable Long Term 205 370
Other Long Term Liabilities 587 986
Total Liabilities 18,420 26,511
Commitments and Contingencies (Note 6)
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, 2023 and December 31, 2022, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 66,936 60,954
Accumulated Other Comprehensive Loss (1,078) (1,103)
Total Omega Flex, Inc. Shareholders’ Equity 76,984 70,977
Noncontrolling Interest 188 196
Total Shareholders’ Equity 77,172 71,173
Total Liabilities and Shareholders’ Equity $ 95,592 $ 97,684