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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 50,734 $ 51,699
Accounts Receivable - less allowances of $810 and $866, respectively 13,256 14,381
Inventories - Net 14,515 14,559
Other Current Assets 2,194 2,983
Total Current Assets 80,699 83,622
Right-Of-Use Assets - Operating 4,813 4,944
Property and Equipment - Net 10,021 9,700
Goodwill - Net 3,526 3,526
Deferred Taxes 352 365
Other Long Term Assets 3,372 3,734
Total Assets 102,783 105,891
Current Liabilities:    
Accounts Payable 2,056 2,661
Accrued Compensation 934 1,989
Accrued Commissions and Sales Incentives 3,008 3,873
Dividends Payable 3,432 3,432
Taxes Payable 710
Lease Liability - Operating 750 712
Other Liabilities 3,632 4,061
Total Current Liabilities 13,812 17,438
Lease Liability - Operating, net of current portion 4,392 4,566
Deferred Taxes 100 181
Other Long Term Liabilities 515 525
Total Liabilities 18,819 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 June 30, 2025 and December 31, 2024, respectively 102 102
Treasury Stock (1) (1)
Paid-in Capital 11,032 11,025
Retained Earnings 73,740 72,880
Accumulated Other Comprehensive Loss (875) (892)
Total Omega Flex, Inc. Shareholders’ Equity 83,998 83,114
Noncontrolling Interest (34) 67
Total Shareholders’ Equity 83,964 83,181
Total Liabilities and Shareholders’ Equity $ 102,783 $ 105,891