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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 45,268 $ 46,356
Accounts Receivable - less allowances of $833 and $1,126, respectively 14,271 15,361
Inventories - Net 15,582 15,597
Other Current Assets 2,398 2,874
Total Current Assets 77,519 80,188
Right-Of-Use Assets - Operating 4,622 2,940
Property and Equipment - Net 9,125 8,951
Goodwill - Net 3,526 3,526
Deferred Taxes 189
Other Long Term Assets 4,418 4,440
Total Assets 99,210 100,234
Current Liabilities:    
Accounts Payable 2,857 2,090
Accrued Compensation 600 3,198
Accrued Commissions and Sales Incentives 2,930 4,428
Dividends Payable 3,331 3,332
Taxes Payable 1,299 190
Lease Liability - Operating 387 454
Other Liabilities 3,036 4,390
Total Current Liabilities 14,440 18,082
Lease Liability - Operating, net of current portion 4,297 2,492
Deferred Taxes 21
Taxes Payable Long Term 205 205
Other Long Term Liabilities 542 603
 Total Liabilities 19,505 21,382
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 March 31, 2024 and December 31, 2023, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 69,381 68,493
Accumulated Other Comprehensive Loss (945) (930)
Total Omega Flex, Inc. Shareholders’ Equity 79,562 78,689
Noncontrolling Interest 143 163
Total Shareholders’ Equity 79,705 78,852
Total Liabilities and Shareholders’ Equity $ 99,210 $ 100,234