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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and Cash Equivalents $ 7,032 $ 939
Accounts Receivable 12,734 [1] 12,134 [2]
Inventories-Net 7,122 7,128
Deferred Taxes 902 750
Other Current Assets 1,471 1,503
Total Current Assets 29,261 22,454
Property and Equipment - Net 4,898 4,824
Goodwill-Net 3,526 3,526
Other Long Term Assets 1,628 1,865
Total Assets 39,313 32,669
Current Liabilities:    
Accounts Payable 2,064 2,737
Line of Credit   324
Accrued Compensation 2,203 349
Accrued Commissions and Sales Incentives 3,114 3,671
Taxes Payable 165 235
Other Liabilities 3,496 4,214
Total Current Liabilities 11,042 11,530
Deferred Taxes 832 614
Other Long Term Liabilities 788 783
Total Liabilities 12,662 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 16,007 9,181
Accumulated Other Comprehensive Loss (372) (410)
Total Omega Flex, Inc. Shareholders' Equity 26,544 19,680
Noncontrolling Interest 107 62
Total Shareholders' Equity 26,651 19,742
Total Liabilities and Shareholders' Equity $ 39,313 $ 32,669
[1] Less allowance of $785.
[2] Less allowance 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, September 30, 2013 and December 31, 2012.