Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash and Cash Equivalents	$ 35,480	$ 37,703
Accounts Receivable - less allowances of $1,111	17,424	17,503
Inventories - Net	17,789	17,764
Other Current Assets	2,069	2,785
Total Current Assets	72,762	75,755
Right-Of-Use Assets - Operating	3,141	3,205
Property and Equipment - Net	8,594	8,404
Goodwill - Net	3,526	3,526
Deferred Taxes	488	923
Other Long Term Assets	5,771	5,871
Total Assets	94,282	97,684
Current Liabilities:
Accounts Payable	2,050	2,290
Accrued Compensation	1,136	3,782
Accrued Commissions and Sales Incentives	3,269	4,996
Dividends Payable	3,229	3,232
Taxes Payable	1,446	109
Lease Liability - Operating	444	447
Other Liabilities	5,192	7,530
Total Current Liabilities	16,766	22,386
Lease Liability - Operating, net of current portion	2,704	2,763
Deferred Taxes	6	6
Tax Payable Long Term	370	370
Other Long Term Liabilities	670	986
Total Liabilities	20,516	26,511
Commitments and Contingencies (Note 6)
Omega Flex, Inc. Shareholders’ Equity:
Common Stock – par value $0.01 share: authorized 20,000,000 shares: 10,153,633 shares issued and 10,094,322 shares outstanding as of March 31, 2023 and December 31, 2022, respectively	102	102
Treasury Stock	(1)	(1)
Paid-in Capital	11,025	11,025
Retained Earnings	63,467	60,954
Accumulated Other Comprehensive Loss	(1,026)	(1,103)
Total Omega Flex, Inc. Shareholders’ Equity	73,567	70,977
Noncontrolling Interest	199	196
Total Shareholders’ Equity	73,766	71,173
Total Liabilities and Shareholders’ Equity	$ 94,282	$ 97,684