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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current Assets:    
Cash and Cash Equivalents $ 51,699 $ 46,356
Accounts Receivable - less allowances of $866 and $1,126, respectively 14,381 15,361
Inventories - Net 14,559 15,597
Other Current Assets 2,983 2,874
Total Current Assets 83,622 80,188
Right-Of-Use Assets - Operating 4,944 2,940
Property and Equipment - Net 9,700 8,951
Goodwill - Net 3,526 3,526
Deferred Taxes 365 189
Other Long Term Assets 3,734 4,440
Total Assets 105,891 100,234
Current Liabilities:    
Accounts Payable 2,661 2,090
Accrued Compensation 1,989 3,198
Accrued Commissions and Sales Incentives 3,873 4,428
Dividends Payable 3,432 3,332
Taxes Payable 710 190
Lease Liability - Operating 712 454
Other Liabilities 4,061 4,390
Total Current Liabilities 17,438 18,082
Lease Liability - Operating, net of current portion 4,566 2,492
Deferred Taxes 181
Taxes Payable Long Term 205
Other Long Term Liabilities 525 603
Total Liabilities 22,710 21,382
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, 2024 and December 31, 2023, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 72,880 68,493
Accumulated Other Comprehensive Loss (892) (930)
Total Omega Flex, Inc. Shareholders’ Equity 83,114 78,689
Noncontrolling Interest 67 163
Total Shareholders’ Equity 83,181 78,852
Total Liabilities and Shareholders’ Equity $ 105,891 $ 100,234