13. Subsequent Events	12 Months Ended
Dec. 31, 2012
Notes
13. Subsequent Events	13. SUBSEQUENT EVENTS On January 22, 2013, the Company entered into a 5 year building lease in Exton, Pennsylvania near the current main operating facility. This will provide the Company with additional manufacturing, warehousing and distribution space with close proximity to the current operations. The aggregate rental obligation related to the new 30,000 square foot facility will be $570,000. On March 19, 2013, the Company’s English subsidiary, Omega Flex Limited (“OFL”), reached an agreement to settle litigation related to a construction project in Milton Keynes, England that involved a number of parties and issues. This agreement fully resolves all claims related to the construction project, including claims regarding performance deficiencies of OFL products at the site. Pursuant to the settlement agreement, OFL made a one-time payment of £800,000 to resolve all claims associated with the project. The Company has subsequently recorded approximately $1,300,000 in Other Liabilities at December 31, 2012 to reflect the event.

13. Subsequent Events

12 Months Ended

Dec. 31, 2012

13. SUBSEQUENT EVENTS

On January 22, 2013, the Company entered into a 5 year building lease in Exton, Pennsylvania near the current main operating facility. This will provide the Company with additional manufacturing, warehousing and distribution space with close proximity to the current operations. The aggregate rental obligation related to the new 30,000 square foot facility will be $570,000.

On March 19, 2013, the Company’s English subsidiary, Omega Flex Limited (“OFL”), reached an agreement to settle litigation related to a construction project in Milton Keynes, England that involved a number of parties and issues. This agreement fully resolves all claims related to the construction project, including claims regarding performance deficiencies of OFL products at the site. Pursuant to the settlement agreement, OFL made a one-time payment of £800,000 to resolve all claims associated with the project. The Company has subsequently recorded approximately $1,300,000 in Other Liabilities at December 31, 2012 to reflect the event.