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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2012
Dec. 31, 2011
Current Assets    
Cash and Cash Equivalents $ 939 $ 3,476
Accounts Receivable 12,134 [1] 9,052 [1]
Inventories-Net 7,128 6,465
Deferred Taxes 750 714
Other Current Assets 1,503 1,240
Total Current Assets 22,454 20,947
Property and Equipment - Net 4,824 5,270
Goodwill-Net 3,526 3,526
Other Long Term Assets 1,865 1,748
Total Assets 32,669 31,491
Current Liabilities:    
Accounts Payable 2,737 1,019
Line of Credit 324  
Accrued Compensation 349 1,470
Accrued Commissions and Sales Incentives 3,671 2,098
Taxes Payable 235  
Other Liabilities 4,214 2,143
Total Current Liabilities 11,530 6,730
Deferred Taxes 614 1,037
Other Long Term Liabilities 783 807
Total Liabilities 12,927 8,574
Omega Flex, Inc. Shareholders' Equity:    
Common Stock 102 [2] 102 [2]
Treasury Stock (1) (1)
Paid-in Capital 10,808 10,808
Retained Earnings 9,181 12,397
Accumulated Other Comprehensive Loss (410) (502)
Total Omega Flex, Inc. Shareholders' Equity 19,680 22,804
Noncontrolling Interest 62 113
Total Shareholders' Equity 19,742 22,917
Total Liabilities and Shareholders' Equity $ 32,669 $ 31,491
[1] Accounts Receivable, less allowances of $653 and $624, at December 2012 and 2011 respectively
[2] Common Stock - par value $0.01 Share: authorized 20,000,000 Shares: 10,153,633 shares issued and 10,091,822 outstanding at both December 31, 2012 and 2011