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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 49,226 $ 51,699
Accounts Receivable - less allowances of $786 and $866, respectively 13,814 14,381
Inventories - Net 15,177 14,559
Other Current Assets 2,303 2,983
Total Current Assets 80,520 83,622
Right-Of-Use Assets - Operating 4,838 4,944
Property and Equipment - Net 9,914 9,700
Goodwill - Net 3,526 3,526
Deferred Taxes 347 365
Other Long Term Assets 3,609 3,734
Total Assets 102,754 105,891
Current Liabilities:    
Accounts Payable 2,191 2,661
Accrued Compensation 639 1,989
Accrued Commissions and Sales Incentives 2,890 3,873
Dividends Payable 3,432 3,432
Taxes Payable 1,676 710
Lease Liability - Operating 725 712
Other Liabilities 2,819 4,061
Total Current Liabilities 14,372 17,438
Lease Liability - Operating, net of current portion 4,444 4,566
Deferred Taxes 198 181
Other Long Term Liabilities 465 525
Total Liabilities 19,479 22,710
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, 2025 and December 31, 2024, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,025 11,025
Retained Earnings 73,016 72,880
Accumulated Other Comprehensive Loss (886) (892)
Total Omega Flex, Inc. Shareholders’ Equity 83,256 83,114
Noncontrolling Interest 19 67
Total Shareholders’ Equity 83,275 83,181
Total Liabilities and Shareholders’ Equity $ 102,754 $ 105,891