XML 45 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and Cash Equivalents $ 8,257 $ 939
Accounts Receivable - less allowances of $729 and $653, respectively 12,968 [1] 12,134 [2]
Inventories-Net 6,728 7,128
Deferred Taxes 871 750
Other Current Assets 1,359 1,503
Total Current Assets 30,183 22,454
Property and Equipment - Net 4,762 4,824
Goodwill-Net 3,526 3,526
Other Long Term Assets 1,603 1,865
Total Assets 40,074 32,669
Current Liabilities:    
Accounts Payable 1,793 2,737
Line of Credit   324
Accrued Compensation 3,114 349
Accrued Commissions and Sales Incentives 3,934 3,671
Taxes Payable 134 235
Other Liabilities 3,575 4,214
Total Current Liabilities 12,550 11,530
Deferred Taxes 1,032 614
Other Long Term Liabilities 861 783
Total Liabilities 14,443 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 14,929 9,181
Accumulated Other Comprehensive Loss (329) (410)
Total Omega Flex, Inc. Shareholders' Equity 25,509 19,680
Noncontrolling Interest 122 62
Total Shareholders' Equity 25,631 19,742
Total Liabilities and Shareholders' Equity $ 40,074 $ 32,669
[1] Less allowance of $729.
[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, December 31, 2013 and December 31, 2012.