Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Sep. 30, 2016		Dec. 31, 2015
Assets, Current
Cash and Cash Equivalents		$ 28,165		$ 30,152
Accounts Receivable		15,263	[1]	16,605	[2]
Inventories - Net		6,770		8,287
Other Current Assets		3,171		1,647
Total Current Assets		53,369		56,691
Property and Equipment - Net		4,479		4,638
Goodwill-Net		3,526		3,526
Deferred Taxes		100		114
Other Long Term Assets		2,925		1,305
Total Assets		64,399		66,274
Current Liabilities:
Accounts Payable, Current		2,031		2,489
Accrued Compensation		3,125		4,669
Accrued Commissions and Sales Incentives		3,239		4,333
Dividends Payable		0		8,578
Taxes Payable		129		433
Other Liabilities		3,286		3,050
Total Current Liabilities		11,810		23,552
Deferred Taxes		532		368
Other Long Term Liabilities		1,266		1,200
Total Liabilities		13,608		25,120
Commitments and Contingencies	[3]
Omega Flex, Inc. Shareholders' Equity:
Common Stock	[4]	102		102
Treasury Stock		(1)		(1)
Paid-in Capital		10,808		10,808
Retained Earnings		40,900		30,656
Accumulated Other Comprehensive Loss		(1,367)		(683)
Total Omega Flex, Inc. Shareholders' Equity		50,442		40,882
Noncontrolling Interest		349		272
Total Shareholders' Equity		50,791		41,154
Total Liabilities and Shareholders' Equity		$ 64,399		$ 66,274

[1] Less allowance of $819.

[2] Less allowance of $882.

[3] See Note 5.

[4] Common Stock – par value $0.01 Share: authorized 20,000,000 Shares: 10,153,633 shares issued and 10,091,822 outstanding.