CONDENSED CONSOLIDATED BALANCE SHEETS (March 31, 2016 unaudited) - USD ($) $ in Thousands		Mar. 31, 2016		Dec. 31, 2015
Current Assets
Cash and Cash Equivalents		$ 23,522		$ 30,152
Accounts Receivable		13,108	[1]	16,605	[2]
Inventories - Net		7,784		8,287
Other Current Assets		1,369		1,647
Total Current Assets		45,783		56,691
Property and Equipment - Net		4,547		4,638
Goodwill-Net		3,526		3,526
Deferred Taxes		114		114
Other Long Term Assets		1,323		1,305
Total Assets		55,293		66,274
Current Liabilities:
Accounts Payable		2,115		2,489
Accrued Compensation		896		4,669
Accrued Commissions and Sales Incentives		2,500		4,333
Dividends Payable				8,578
Taxes Payable		1,081		433
Other Liabilities		3,201		3,050
Total Current Liabilities		9,793		23,552
Deferred Taxes		446		368
Other Long Term Liabilities		1,335		1,200
Total Liabilities		$ 11,574		$ 25,120
Commitments and Contingencies	[3]
Omega Flex, Inc. Shareholders' Equity:
Common Stock		$ 102		$ 102
Treasury Stock		(1)		(1)
Paid-in Capital		10,808		10,808
Retained Earnings		33,300		30,656
Accumulated Other Comprehensive Loss		(798)		(683)
Total Omega Flex, Inc. Shareholders' Equity		43,411		40,882
Noncontrolling Interest		308		272
Total Shareholders' Equity		43,719		41,154
Total Liabilities and Shareholders' Equity		$ 55,293		$ 66,274

[1] Less allowance of $687.

[2] Less allowance of $882.

[3] See Note 5.