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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 45,873 $ 46,356
Accounts Receivable - less allowances of $796 and $1,126, respectively 14,133 15,361
Inventories - Net 16,053 15,597
Other Current Assets 4,854 2,874
Total Current Assets 80,913 80,188
Right-Of-Use Assets - Operating 5,319 2,940
Property and Equipment - Net 9,512 8,951
Goodwill - Net 3,526 3,526
Deferred Taxes 189
Other Long Term Assets 3,600 4,440
Total Assets 102,870 100,234
Current Liabilities:    
Accounts Payable 2,588 2,090
Accrued Compensation 1,475 3,198
Accrued Commissions and Sales Incentives 3,308 4,428
Dividends Payable 3,432 3,332
Taxes Payable 190
Lease Liability - Operating 755 454
Other Liabilities 3,463 4,390
Total Current Liabilities 15,021 18,082
Lease Liability - Operating, net of current portion 4,900 2,492
Deferred Taxes 336
Taxes Payable Long Term 205
Other Long Term Liabilities 528 603
Total Liabilities 20,785 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 September 30, 2024 and December 31, 2023, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 71,630 68,493
Accumulated Other Comprehensive Loss (780) (930)
Total Omega Flex, Inc. Shareholders’ Equity 81,976 78,689
Noncontrolling Interest 109 163
Total Shareholders’ Equity 82,085 78,852
Total Liabilities and Shareholders’ Equity $ 102,870 $ 100,234