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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 45,705 $ 46,356
Accounts Receivable - less allowances of $774 and $1,126, respectively 13,412 15,361
Inventories - Net 15,932 15,597
Other Current Assets 1,432 2,874
Total Current Assets 76,481 80,188
Right-Of-Use Assets - Operating 5,316 2,940
Property and Equipment - Net 9,474 8,951
Goodwill - Net 3,526 3,526
Deferred Taxes 495 189
Other Long Term Assets 4,331 4,440
Total Assets 99,623 100,234
Current Liabilities:    
Accounts Payable 2,285 2,090
Accrued Compensation 1,006 3,198
Accrued Commissions and Sales Incentives 2,850 4,428
Dividends Payable 3,432 3,332
Taxes Payable 96 190
Lease Liability - Operating 482 454
Other Liabilities 3,284 4,390
Total Current Liabilities 13,435 18,082
Lease Liability - Operating, net of current portion 4,904 2,492
Taxes Payable Long Term 205
Other Long Term Liabilities 521 603
Total Liabilities 18,860 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 June 30, 2024 and December 31, 2023, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 70,445 68,493
Accumulated Other Comprehensive Loss (930) (930)
Total Omega Flex, Inc. Shareholders’ Equity 80,641 78,689
Noncontrolling Interest 122 163
Total Shareholders’ Equity 80,763 78,852
Total Liabilities and Shareholders’ Equity $ 99,623 $ 100,234