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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and Cash Equivalents $ 46,356 $ 37,703
Accounts Receivable - less allowances of $1,126 and $1,111, respectively 15,361 17,503
Inventories - Net 15,597 17,764
Other Current Assets 2,874 2,785
Total Current Assets 80,188 75,755
Right-Of-Use Assets - Operating 2,940 3,205
Property and Equipment - Net 8,951 8,404
Goodwill - Net 3,526 3,526
Deferred Taxes 189 923
Other Long Term Assets 4,440 5,871
Total Assets 100,234 97,684
Current Liabilities:    
Accounts Payable 2,090 2,290
Accrued Compensation 3,198 3,782
Accrued Commissions and Sales Incentives 4,428 4,996
Dividends Payable 3,332 3,232
Taxes Payable 190 109
Lease Liability - Operating 454 447
Other Liabilities 4,390 7,530
Total Current Liabilities 18,082 22,386
Lease Liability - Operating, net of current portion 2,492 2,763
Deferred Taxes 6
Tax Payable Long Term 205 370
Other Long Term Liabilities 603 986
Total Liabilities 21,382 26,511
Commitments and Contingencies (Note 7)
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, 2023 and December 31, 2022, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 68,493 60,954
Accumulated Other Comprehensive Loss (930) (1,103)
Total Omega Flex, Inc. Shareholders’ Equity 78,689 70,977
Noncontrolling Interest 163 196
Total Shareholders’ Equity 78,852 71,173
Total Liabilities and Shareholders’ Equity $ 100,234 $ 97,684