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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets    
Cash and Cash Equivalents $ 6,899 $ 8,257
Accounts Receivable 11,241 [1] 12,968 [2]
Inventories-Net 7,019 6,728
Deferred Taxes 766 871
Other Current Assets 989 1,359
Total Current Assets 26,914 30,183
Property and Equipment - Net 4,645 4,762
Goodwill-Net 3,526 3,526
Other Long Term Assets 1,540 1,603
Total Assets 36,625 40,074
Current Liabilities:    
Accounts Payable 1,356 1,793
Accrued Compensation 818 3,114
Accrued Commissions and Sales Incentives 1,711 3,934
Taxes Payable 472 134
Other Liabilities 2,457 3,575
Total Current Liabilities 6,814 12,550
Deferred Taxes 1,192 1,032
Other Long Term Liabilities 750 861
Total Liabilities 8,756 14,443
Omega Flex, Inc. Shareholders' Equity:    
Common Stock 102 [3] 102 [3]
Treasury Stock (1) (1)
Paid-in Capital 10,808 10,808
Retained Earnings 17,124 14,929
Accumulated Other Comprehensive Loss (315) (329)
Total Omega Flex, Inc. Shareholders' Equity 27,718 25,509
Noncontrolling Interest 151 122
Total Shareholders' Equity 27,869 25,631
Total Liabilities and Shareholders' Equity $ 36,625 $ 40,074
[1] Less allowance of $589.
[2] Less allowance of $729
[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, 2014 and December 31, 2013, respectively.