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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and Cash Equivalents $ 658 $ 939
Accounts Receivable 10,204 [1] 12,134 [2]
Inventories-Net 7,578 7,128
Deferred Taxes 783 750
Other Current Assets 1,315 1,503
Total Current Assets 20,538 22,454
Property and Equipment - Net 4,765 4,824
Goodwill-Net 3,526 3,526
Other Long Term Assets 1,821 1,865
Total Assets 30,650 32,669
Current Liabilities:    
Accounts Payable 2,052 2,737
Line of Credit   324
Accrued Compensation 603 349
Accrued Commissions and Sales Incentives 1,903 3,671
Taxes Payable 715 235
Other Liabilities 2,729 4,214
Total Current Liabilities 8,002 11,530
Deferred Taxes 631 614
Other Long Term Liabilities 748 783
Total Liabilities 9,381 12,927
Omega Flex, Inc. Shareholders' Equity:    
Common Stock 102 [3] 102 [3]
Treasury Stock (1) (1)
Paid-in Capital 10,808 10,808
Retained Earnings 10,763 9,181
Accumulated Other Comprehensive Loss (463) (410)
Total Omega Flex, Inc. Shareholders' Equity 21,209 19,680
Noncontrolling Interest 60 62
Total Shareholders' Equity 21,269 19,742
Total Liabilities and Shareholders' Equity $ 30,650 $ 32,669
[1] Less allowances of $568.
[2] less allowances of $653.
[3] Common Stock - par value $0.01 per share; authorized 20,000,000 shares: 10,153,633 shares issued and 10,091,822 outstanding at both, March 31, 2013 and December 31, 2012.