UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549-1004

                                    FORM 10-Q

             QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

                For the quarterly period ended September 30, 2006
                                               ------------------

                          Commission File Number 1-1031
                                                 ------

                               RONSON CORPORATION
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

            New Jersey                                          22-0743290
--------------------------------------------------------------------------------
(State or other jurisdiction of                              (I.R.S. Employer
 incorporation or organization)                             Identification No.)

       Corporate Park III-Campus Drive, P.O. Box 6707, Somerset, NJ 08875
       ------------------------------------------------------------------
                    (Address of principal executive offices)

                                 (732) 469-8300
--------------------------------------------------------------------------------
              (Registrant's telephone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes |X| No |_|

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act). Yes |_| No |X|

Indicate by check mark whether the registrant is a shell company (as defined in
Rule 12b-2 of the Exchange Act). Yes |_| No |X|

As of September 30, 2006, there were 4,575,000 shares of the registrant's common
stock outstanding.

<PAGE>

                               RONSON CORPORATION

                                 FORM 10-Q INDEX
                                 ---------------

                                                                            PAGE
                                                                            ----

PART I - FINANCIAL INFORMATION:

    ITEM 1 - FINANCIAL STATEMENTS:

             CONSOLIDATED BALANCE SHEETS:
               SEPTEMBER 30, 2006 AND DECEMBER 31, 2005                        3

             CONSOLIDATED STATEMENTS OF OPERATIONS:
               QUARTER ENDED SEPTEMBER 30, 2006 AND 2005                       4
               NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005                   5

             CONSOLIDATED STATEMENTS OF CASH FLOWS:
               NINE MONTHS ENDED SEPTEMBER 30, 2006 AND 2005                   6

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                        7

    ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF
              FINANCIAL CONDITION AND RESULTS OF OPERATIONS                   12

    ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES
              ABOUT MARKET RISK                                               18

    ITEM 4 - CONTROLS AND PROCEDURES                                          18

PART II - OTHER INFORMATION:

    ITEM 1 - LEGAL PROCEEDINGS                                                18

    ITEM 6 - EXHIBITS                                                         21

SIGNATURES                                                                    22


                                       2
<PAGE>

PART I - FINANCIAL INFORMATION

ITEM 1 - FINANCIAL STATEMENTS

              RONSON CORPORATION AND ITS WHOLLY OWNED SUBSIDIARIES
                           CONSOLIDATED BALANCE SHEETS
                           ---------------------------
                            (in thousands of dollars)

<TABLE>
<CAPTION>
                                                        September 30,      December 31,
                                                            2006               2005
                                                        -------------      ------------
                                                        (unaudited)
<S>                                                     <C>                <C>
                 ASSETS
CURRENT ASSETS:
 Cash and cash equivalents                              $         54       $        414
 Accounts receivable, net                                      1,867              1,832
 Inventories:
  Finished goods                                               1,945              1,625
  Work in process                                                 38                 22
  Raw materials                                                  904                908
                                                        ------------       ------------
                                                               2,887              2,555
 Other current assets                                          1,242              1,072
                                                        ------------       ------------
        TOTAL CURRENT ASSETS                                   6,050              5,873
                                                        ------------       ------------

Property, plant and equipment, at cost:
 Land                                                              6                  6
 Buildings and improvements                                    5,452              5,374
 Machinery and equipment                                       6,670              6,515
 Construction in progress                                      1,586                555
                                                        ------------       ------------
                                                              13,714             12,450
Less accumulated depreciation and amortization                 8,746              8,335
                                                        ------------       ------------
                                                               4,968              4,115

Other assets                                                   2,712              2,666
                                                        ------------       ------------
                                                        $     13,730       $     12,654
                                                        ============       ============
          LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 Short-term debt                                        $        757       $      1,500
 Current portion of long-term debt and leases                    540                407
 Accounts payable                                              2,628              2,134
 Accrued expenses                                              2,115              2,592
                                                        ------------       ------------
        TOTAL CURRENT LIABILITIES                              6,040              6,633
                                                        ------------       ------------

Long-term debt and leases                                      3,924              2,468
Other long-term liabilities                                      243                249

STOCKHOLDERS' EQUITY:
 Common stock                                                  4,656              4,617
 Additional paid-in capital                                   29,685             29,724
 Accumulated deficit                                         (27,741)           (27,895)
 Accumulated other comprehensive loss                         (1,480)            (1,545)
                                                        ------------       ------------
                                                               5,120              4,901
 Less cost of treasury shares                                  1,597              1,597
                                                        ------------       ------------
        TOTAL STOCKHOLDERS' EQUITY                             3,523              3,304
                                                        ------------       ------------
                                                        $     13,730       $     12,654
                                                        ============       ============
</TABLE>

See notes to consolidated financial statements.


                                       3
<PAGE>

              RONSON CORPORATION AND ITS WHOLLY OWNED SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      -------------------------------------
                (in thousands of dollars, except per share data)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                              Quarter Ended
                                                              September 30,
                                                      ----------------------------
                                                          2006             2005 *
                                                      -----------      -----------
<S>                                                   <C>              <C>
NET SALES                                             $     7,488      $     7,196
                                                      -----------      -----------

Cost and expenses:
 Cost of sales                                              5,302            4,782
 Selling, shipping and advertising                            869              910
 General and administrative                                   910              928
 Depreciation and amortization                                156              149
 Other charges                                                 10               40
                                                      -----------      -----------
                                                            7,247            6,809
                                                      -----------      -----------

EARNINGS FROM OPERATIONS                                      241              387
                                                      -----------      -----------

Other expense:
 Interest expense                                             123              109
 Nonrecurring loss                                             --              170
 Other-net                                                     22               69
                                                      -----------      -----------
                                                              145              348
                                                      -----------      -----------

EARNINGS BEFORE INCOME TAXES                                   96               39

Income tax provisions                                          45               19
                                                      -----------      -----------

NET EARNINGS                                          $        51      $        20
                                                      ===========      ===========

EARNINGS PER COMMON SHARE:

 Basic                                                $      0.01      $      0.00
                                                      ===========      ===========

 Diluted                                              $      0.01      $      0.00
                                                      ===========      ===========
</TABLE>

* Reclassified for comparability

See notes to consolidated financial statements.


                                       4
<PAGE>

              RONSON CORPORATION AND ITS WHOLLY OWNED SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF OPERATIONS
                      -------------------------------------
                (in thousands of dollars, except per share data)
                                   (Unaudited)

                                                        Nine Months Ended
                                                          September 30,
                                                   ----------------------------
                                                       2006            2005 *
                                                   -----------      -----------

NET SALES                                          $    22,671      $    19,702
                                                   -----------      -----------

Cost and expenses:
 Cost of sales                                          15,631           13,070
 Selling, shipping and advertising                       2,772            2,698
 General and administrative                              2,909            2,826
 Depreciation and amortization                             460              567
 Other charges                                              80               95
                                                   -----------      -----------
                                                        21,852           19,256
                                                   -----------      -----------

EARNINGS FROM OPERATIONS                                   819              446
                                                   -----------      -----------

Other expense:
 Interest expense                                          327              311
 Nonrecurring loss                                          --              591
 Other-net                                                 232              215
                                                   -----------      -----------
                                                           559            1,117
                                                   -----------      -----------

EARNINGS (LOSS) BEFORE INCOME TAXES                        260             (671)

Income tax provision (benefit)                             106             (278)
                                                   -----------      -----------

NET EARNINGS (LOSS)                                $       154      $      (393)
                                                   ===========      ===========

EARNINGS (LOSS) PER COMMON SHARE:

 Basic                                             $      0.03      $     (0.09)
                                                   ===========      ===========

 Diluted                                           $      0.03      $     (0.09)
                                                   ===========      ===========

* Reclassified for comparability

See notes to consolidated financial statements.


                                       5
<PAGE>

              RONSON CORPORATION AND ITS WHOLLY OWNED SUBSIDIARIES
                      CONSOLIDATED STATEMENTS OF CASH FLOWS
                      -------------------------------------
                            (in thousands of dollars)
                                   (Unaudited)

<TABLE>
<CAPTION>
                                                                        Nine Months Ended
                                                                          September 30,
                                                                  -----------------------------
                                                                      2006              2005
                                                                      ----              ----
<S>                                                               <C>               <C>
Cash Flows from Operating Activities:
Net earnings (loss)                                               $       154       $      (393)
Adjustments to reconcile net earnings (loss) to
 net cash provided by operating activities:
 Depreciation and amortization                                            472               567
 Loss on sale of fixed assets                                              --                97
 Deferred income tax benefits                                             (32)             (328)
 Increase (decrease) in cash from changes in:
  Current assets and current liabilities                                  105               644
  Other non-current assets and other long-term
   liabilities                                                           (137)             (150)
 Net change in pension-related accounts                                  (430)             (394)
 Effect of exchange rate changes                                          (37)               11
                                                                  -----------       -----------
        Net cash provided by operating activities                          95                54
                                                                  -----------       -----------

Cash Flows from Investing Activities:
 Proceeds from sale, disposal of property, plant & equipment               11             1,600
 Capital expenditures                                                  (1,229)             (471)
                                                                  -----------       -----------
      Net cash provided by (used in) investing activities              (1,218)            1,129
                                                                  -----------       -----------

Cash Flows from Financing Activities:
 Proceeds from short-term debt                                          1,125               750
 Payments of short-term debt                                           (1,868)             (664)
 Proceeds from long-term debt                                           3,145                --
 Payments of long-term debt                                            (1,449)             (700)
 Payments of long-term lease obligations                                 (190)             (153)
 Payments of dividends                                                     --               (84)
 Stock options exercised                                                   36                --
 Cost of stock option agreement                                           (36)              (36)
                                                                  -----------       -----------
        Net cash provided by (used in) financing activities               763              (887)
                                                                  -----------       -----------

Net increase (decrease) in cash and cash equivalents                     (360)              296

Cash and cash equivalents at beginning of period                          414               599
                                                                  -----------       -----------

Cash and cash equivalents at end of period                        $        54       $       895
                                                                  ===========       ===========
</TABLE>

       See notes to consolidated financial statements.


                                       6
<PAGE>

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
              FOR THE QUARTER ENDED SEPTEMBER 30, 2006 (UNAUDITED)
              ----------------------------------------------------

Note 1: ACCOUNTING POLICIES
        -------------------

      Basis of Financial Statement Presentation - The information as of and for
the three and nine month periods ended September 30, 2006 and 2005, is
unaudited. In the opinion of management, all adjustments (consisting only of
normal recurring adjustments) necessary for a fair presentation of the results
of such interim periods have been included.

      This quarterly report should be read in conjunction with the Company's
Annual Report on Form 10-K.

      Reclassifications of prior year's amounts have been made to conform with
the current year's presentation.

      New Authoritative Accounting Pronouncements - The Company does not
anticipate the adoption of recently issued accounting pronouncements to have a
significant impact on the Company's results of operations, financial position or
cash flows.

Note 2: PER COMMON SHARE DATA
        ---------------------

      The calculation and reconciliation of Basic and Diluted Earnings (Loss)
per Common Share were as follows (in thousands except per share data):

<TABLE>
<CAPTION>
                                                          Quarter Ended September 30,
                                     -------------------------------------------------------------------
                                                   2006                                2005
                                     -------------------------------     -------------------------------
                                                               Per                                 Per
                                                              Share                               Share
                                     Earnings     Shares      Amount     Earnings    Shares(2)    Amount
                                     --------     ------      ------     --------    ---------    ------
<S>                                   <C>          <C>        <C>         <C>          <C>        <C>
     BASIC                            $   51       4,574      $  .01      $   20       4,536      $ 0.00
                                      ======      ======      ======      ======      ======      ======
Effect of dilutive
     securities:
     Stock options (1) .........                      24                                  49
                                                  ------                              ------

     DILUTED                          $   51       4,598      $  .01      $   20       4,585      $ 0.00
                                      ======      ======      ======      ======      ======      ======

<CAPTION>
                                                        Nine Months Ended September 30,
                                     -------------------------------------------------------------------
                                                   2006                                2005
                                     -------------------------------     -------------------------------
                                                               Per                                 Per
                                                              Share                                Share
                                     Earnings     Shares      Amount       Loss      Shares(2)    Amount
                                     --------     ------      ------     --------    ---------    ------
<S>                                   <C>          <C>        <C>         <C>          <C>        <C>
     BASIC                            $  154       4,555      $  .03      $ (393)      4,536      $(0.09)
                                      ======      ======      ======      ======      ======      ======
Effect of dilutive
     securities:
     Stock options (1) .........                      41                                  --
                                                  ------                              ------

     DILUTED                          $  154       4,596      $  .03      $ (393)      4,536      $(0.09)
                                      ======      ======      ======      ======      ======      ======
</TABLE>


                                       7
<PAGE>

(1)   Stock options were anti-dilutive for the nine months ended September 30,
      2005, and, therefore, were excluded from the computation and
      reconciliation of Diluted Earnings (Loss) per Common Share for that
      period.

(2)   Information as to the number of shares and per share amounts has been
      retroactively adjusted to reflect the 5% stock dividend on common stock
      declared February 23, 2006.

Note 3: SHORT-TERM DEBT
        ---------------

      On July 31, 2006, the Company, Ronson Consumer Products Corporation
("RCPC"), Ronson Corporation of Canada Ltd.("Ronson-Canada"), and Ronson
Aviation, Inc. ("Ronson Aviation"), entered into a financing agreement (the
"Financing Agreement") with CIT Group/Commercial Services, Inc. ("CIT"). The
financing facility totals $3,945,000 and is composed of a revolving line of
credit of $3,000,000 and two term loans in the original amounts of $195,000 and
$750,000, respectively, both to be repaid evenly over five years. The revolving
line of credit carries an interest rate of prime plus one half (currently 8.75%)
and the two term loans carry interest at the rate of prime plus 3% (currently
11.25%). The amount available to be borrowed under the revolving line of credit
is determined by reference to a "borrowing base", which is calculated based on
the levels of accounts receivable and inventories of the Company's subsidiaries.
Amounts advanced under the Financing Agreement are secured by substantially all
of the assets of the Company and its subsidiaries, other than (1) the real
property owned by RCPC in Woodbridge, New Jersey and (2) 34% of the Company's
interest in Ronson-Canada. The Financing Agreement includes covenants and other
terms and provisions typical for agreements of its kind. The revolving line of
credit is for a period of three years. In conjunction with the new CIT loan in
the original amount of $750,000, Mr. Louis V. Aronson II, the Company's
President and CEO provided a secured limited personal guaranty of $250,000 to
CIT.

      The proceeds from the CIT revolving loan and term loans were utilized to
repay all amounts outstanding to the Bank of America under the Company's prior
revolving loan and mortgage loan agreements. The new CIT financing also provided
additional loan availability to the Company of about $600,000. The revolving
loan balance with CIT at September 30, 2006, was $757,000.

Note 4: LONG-TERM DEBT
        --------------

      On September 27, 2006, RCPC entered into a mortgage loan agreement with
the North Fork Bank ("North Fork")for $2,200,000. The mortgage loan is secured
by a first mortgage on the property of RCPC at 3 and 6 Ronson Road, Woodbridge,
NJ and the guarantees of the Company and Ronson Aviation. The loan bears
interest at the rate of 6.81% and is payable in monthly installments of $15,422,
including interest, with a final installment of approximately $1,697,000, plus
interest, on November 1, 2016.

      The Equipment and Trademark term loan balances with CIT, referred to in
Note 3 above, were $192,000 and $737,000, respectively, at September 30, 2006.

      In March 2004 a lease agreement became effective for a warehouse facility
utilized by RCPC for finished goods storage and product shipments. In connection
with the lease, the landlord provided improvements totaling $440,000. The
landlord provided RCPC with a long-term loan for the improvements, bearing
interest at


                                       8
<PAGE>

8.25%, payable at $4,800 per month, including interest, with the final payment
due at the end of the initial nine-year term. At September 30, 2006, the total
balance payable on this lease agreement was $227,000.

Note 5: CONTINGENCIES
        -------------

      In December 1989 the Company adopted a plan to discontinue the operations
of its wholly owned subsidiary, Ronson Metals Corporation, subsequently renamed
Prometcor, Inc. ("Prometcor"). Upon the cessation of operations, Prometcor began
its compliance with the environmental requirements of all applicable laws with
the objective of selling the property previously used in the discontinued
operations. The full extent of the costs and the time required for the
completion is not determinable until the remediation, if any is required, and
confirmatory testing related to the remaining groundwater matter have been
completed and accepted by the New Jersey Department of Environmental Protection
("NJDEP"). The liability for these estimated costs and expenses as recorded in
the financial statements at September 30, 2006, and December 31, 2005, was
approximately $500,000 based on the lower limit of the range of costs as
projected by the Company and its consultants. The estimated upper limit of the
range of costs is discounted at approximately $600,000 above the lower limit.

      In 1999 Ronson Aviation completed the installation of a new fueling
facility and ceased use of most of its former underground storage tanks. The
primary underground fuel storage tanks formerly used by Ronson Aviation were
removed in 1999 as required by the NJDEP. Related contaminated soil was removed
and remediated. In 2000 initial groundwater tests were completed. Ronson
Aviation's environmental consultants have advised the Company that the
preliminary results of that testing indicated that no further actions should be
required. The extent of groundwater contamination cannot be determined until
final testing has been completed and accepted by the NJDEP. The Company intends
to vigorously pursue its rights under the leasehold and under the statutory and
regulatory requirements. Since the amount of additional costs, if any, and their
ultimate allocation cannot be fully determined at this time, the effect on the
Company's financial position or results of future operations cannot yet be
determined, but management believes that the effect will not be material.

      The Company is involved in a shareholder derivative lawsuit filed in 2003
and a second lawsuit against the Company's directors and chief financial officer
filed in April 2005, both filed by the same shareholder. The Company has
incurred a total of approximately $780,000 in net legal costs related to the
matter in 2003, 2004, 2005, and in the nine months ended September 30, 2006.
These costs are net of the associated insurance reimbursements. The Company
believes that its directors' and officers' liability insurance coverage is
adequate to meet the future direct costs of the litigation, however, the Company
is not able to estimate, at this time, the extent to which it will incur
additional legal or other expenses, which may be substantial, in connection with
these proceedings.

      The Company is involved in various other lawsuits and claims. While the
amounts claimed may be substantial, the ultimate liability cannot now be
determined because of the considerable uncertainties that exist. Therefore, it
is possible that results of operations or liquidity in a particular period could
be materially affected by certain contingencies. However, based on facts
currently available including the insurance coverage that the Company has in
place, management believes that the outcome of these lawsuits and claims will
not have a material adverse effect on the Company's financial position.


                                       9
<PAGE>

Note 6: INDUSTRY SEGMENTS INFORMATION
        -----------------------------

      The Company has two reportable segments: consumer products and aviation
services. The Company's reportable segments are strategic business units that
offer different products and services.

Financial information by industry segment is summarized below (in thousands):

<TABLE>
<CAPTION>
                                                      Quarter Ended                     Nine Months Ended
                                                      September 30,                       September 30,
                                              -----------------------------       -----------------------------
                                                 2006             2005 (1)           2006             2005 (1)
                                              -----------       -----------       -----------       -----------
Net sales:
<S>                                           <C>               <C>               <C>               <C>
  Consumer Products                           $     3,645       $     4,121       $    12,894       $    11,502
  Aviation Services                                 3,843             3,075             9,777             8,200
                                              -----------       -----------       -----------       -----------
    Consolidated                              $     7,488       $     7,196       $    22,671       $    19,702
                                              ===========       ===========       ===========       ===========
Earnings (loss) from operations:
  Consumer Products                           $       203       $       389       $       935       $       798
  Aviation Services                                   419               441             1,193             1,058
                                              -----------       -----------       -----------       -----------
  Total reportable segments                           622               830             2,128             1,856
  Corporate and others                               (371)             (403)           (1,229)           (1,315)
  Other charges                                       (10)              (40)              (80)              (95)
                                              -----------       -----------       -----------       -----------
    Consolidated                              $       241       $       387       $       819       $       446
                                              ===========       ===========       ===========       ===========
Earnings (loss) before
  intercompany charges and income taxes:
  Consumer Products                           $       191       $       338       $       759       $       647
  Aviation Services                                   411               423             1,163             1,014
                                              -----------       -----------       -----------       -----------
  Total reportable segments                           602               761             1,922             1,661
  Corporate and others                               (496)             (512)           (1,582)           (1,646)
  Other charges                                       (10)              (40)              (80)              (95)
  Nonrecurring loss on sale of
   charter aircraft                                    --              (170)               --              (591)
                                              -----------       -----------       -----------       -----------
    Consolidated                              $        96       $        39       $       260       $      (671)
                                              ===========       ===========       ===========       ===========
</TABLE>

(1) Reclassified for comparability

Note 7: COMPREHENSIVE INCOME
        --------------------

      Comprehensive Income is the change in equity during a period from
transactions and other events from non-owner sources. The Company is required to
classify items of other comprehensive income in financial statements and to
display the accumulated balance of other comprehensive (income) loss separately
in the equity section of the Consolidated Balance Sheets.

      Changes in the components of Other Comprehensive (Income) Loss and in
Accumulated Other Comprehensive Loss were as follows (in thousands):


                                       10
<PAGE>

<TABLE>
<CAPTION>
                                       Quarter Ended September 30, 2006 and 2005
                                       -----------------------------------------

                                            Foreign Currency          Minimum             Cash Flow         Accumulated Other
                                               Translation            Pension              Hedging          Comprehensive
                                               Adjustments           Liability           Adjustments              Loss
                                            ----------------         ---------           -----------        -----------------
<S>                                              <C>                  <C>                  <C>                  <C>
Balance at June 30, 2006                         $   (56)             $ 1,542              $   (22)             $ 1,464
Current period change                                 53                  (64)                  37                   26
Income tax expense                                   (21)                  26                  (15)                 (10)
                                                 -------              -------              -------              -------
Balance at September 30, 2006                    $   (24)             $ 1,504              $    --              $ 1,480
                                                 =======              =======              =======              =======

Balance at June 30, 2005                         $   (43)             $ 1,415              $     2              $ 1,374
Current period change                                (31)                 (56)                 (19)                (106)
Income tax expense                                    12                   22                    8                   42
                                                 -------              -------              -------              -------
Balance at September 30, 2005                    $   (62)             $ 1,381              $    (9)             $ 1,310
                                                 =======              =======              =======              =======

<CAPTION>
                                       Nine Months Ended September 30, 2006 and 2005
                                       ---------------------------------------------

                                            Foreign Currency          Minimum             Cash Flow         Accumulated Other
                                               Translation            Pension              Hedging          Comprehensive
                                               Adjustments           Liability           Adjustments              Loss
                                            ----------------         ---------           -----------        -----------------
<S>                                              <C>                  <C>                  <C>                  <C>
Balance at December 31, 2005                     $   (61)             $ 1,619              $   (13)             $ 1,545
Current period change                                 62                 (192)                  22                 (108)
Income tax expense                                   (25)                  77                   (9)                  43
                                                 -------              -------              -------              -------
Balance at September 30, 2006                    $   (24)             $ 1,504              $    --              $ 1,480
                                                 =======              =======              =======              =======

Balance at December 31, 2004                     $   (51)             $ 1,482              $    10              $ 1,441
Current period change                                (18)                (167)                 (32)                (217)
Income tax expense                                     7                   66                   13                   86
                                                 -------              -------              -------              -------
Balance at September 30, 2005                    $   (62)             $ 1,381              $    (9)             $ 1,310
                                                 =======              =======              =======              =======
</TABLE>

Note 8: STATEMENTS OF CASH FLOWS
        ------------------------

      Certificates of deposit that have a maturity of less than 90 days are
considered cash equivalents for purposes of the accompanying Consolidated
Statements of Cash Flows.

      Supplemental disclosures of cash flow information are as follows (in
thousands):

                                                          Nine Months Ended
                                                            September 30,
                                                       ----------------------
                                                         2006           2005
                                                       ---------      -------
Cash Payments for:
     Interest                                            $ 313          $ 287
     Income Taxes                                          130              7

 Financing & Investing Activities
  Not Affecting Cash:
     Capital lease obligations incurred                     50             90
     Equipment purchases financed by seller                 54             40


                                       11
<PAGE>

Note 9: RETIREMENT PLANS
        ----------------

      The Company's Consolidated Statements of Operations included pension
expense consisting of the following components (in thousands):

<TABLE>
<CAPTION>
                                                          Quarter Ended                 Nine Months Ended
                                                           September 30,                  September 30,
                                                     ------------------------        ------------------------
                                                       2006            2005            2006            2005
                                                     --------        --------        --------        --------
<S>                                                  <C>             <C>             <C>             <C>
      Service cost                                   $      6        $      8        $     19        $     23
      Interest cost                                        66              66             197             199
      Expected return on plan assets                      (51)            (48)           (152)           (143)
      Recognized actuarial losses                          64              56             191             168
      Recognized prior service cost                         1               2               4               5
                                                     --------        --------        --------        --------
        Net pension expense                          $     86        $     84        $    259        $    252
                                                     ========        ========        ========        ========
</TABLE>

Contributions to the pension plan during 2006 are expected as follows (in
thousands):

       Paid in the nine months ended September 30, 2006                 $   689
       Expected to be paid in the balance of 2006                            55
                                                                         ------

       Total expected to be paid in the year ending December 31, 2006   $   744
                                                                        =======

Note 10: FAIR VALUE OF DERIVATIVE FINANCIAL INSTRUMENTS
         ----------------------------------------------

      Mr. Carl W. Dinger III has granted an option to the Company to purchase
the 535,222 shares now held by Mr. Dinger at an exercise price of $5.90 per
share. The cost of the option is $4,000 per month for the period of the option
or until exercised. At September 30, 2006, the fair value of the option was
approximately $10,000 using the Black-Scholes option pricing model. Key
assumptions included: a risk-free interest rate of 4.94%, a dividend yield of
0.00%, volatility of 64.20%, and the option life of nine months. The fair value
of $10,000 compares to $35,000, the present value of the 9 remaining payments
under the contract, discounted at the Company's incremental borrowing rate of
8.75%. (Refer to Note 3 of Notes to Consolidated Financial Statements above.)

ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
         -----------------------------------------------------------------------
         OF OPERATIONS
         -------------

RESULTS OF OPERATIONS
---------------------

      Third quarter 2006 compared to Third Quarter 2005 and Nine Months 2006
compared to Nine Months 2005.


                                       12
<PAGE>

The Company's Net Sales in the nine months of 2006 increased by 15% to
$22,671,000 compared to $19,702,000 in the nine months of 2005. Net Sales in the
third quarter 2006 increased by 4% to $7,488,000 as compared to $7,196,000 in
the third quarter of 2005.

In the nine months of 2006, the Company's Net Earnings were $154,000 as compared
to a Net Loss in the nine months of 2005 of $(393,000), an improvement of
$547,000. In the third quarter 2006, the Company had Net Earnings of $51,000
compared to $20,000 in the third quarter of 2005.

The Company's Earnings from Operations improved to $819,000 in the nine months
of 2006, an improvement of $373,000 from $446,000 in the nine months of 2005.
The Company's Earnings from Operations were $241,000 in the third quarter 2006,
as compared to $387,000 in the third quarter 2005.

The Company's Earnings before Income Taxes were $260,000 in the nine months of
2006 compared to a Loss before Income Taxes of $(671,000) in the nine months of
2005. The Company's third quarter 2006 Earnings before Income Taxes were $96,000
compared to $39,000 in the third quarter of 2005. The Company's Earnings before
Income Taxes in the nine months of 2006 were net of fees of $90,000 charged by
Bank of America in the first half of 2006. The third quarter and nine months of
2005 included a nonrecurring loss of $(170,000) and $(591,000), respectively,
related to the sale of Ronson Aviation's Citation II charter jet and its charter
business.

<TABLE>
<CAPTION>
Ronson Consumer Products
------------------------
(in thousands)
                                            Quarter Ended           Nine Months Ended
                                            September 30,             September 30,
                                         -------------------      --------------------

                                          2006         2005         2006        2005
                                         ------       ------      -------      -------
<S>                                      <C>          <C>         <C>          <C>
      Net sales                          $3,645       $4,121      $12,894      $11,502

      Earnings from operations              203          389          935          798
      Earnings before income taxes
          and intercompany charges          191          338          759          647
</TABLE>

      Net Sales of consumer products at Ronson Consumer Products Corporation
("RCPC"), Woodbridge, New Jersey, and Ronson Corporation of Canada Ltd.
("Ronson-Canada"), Mississauga, Ontario, (together "Ronson Consumer Products")
decreased by 12% in the third quarter of 2006 compared to the third quarter of
2005 and increased by 12% in the nine months of 2006 compared to the nine months
of 2005. The increase of 12% in Net Sales in the nine months of 2006 was due
primarily to a second quarter 2006 sale to a customer in China and to increased
sales of the Jet Lite. The decrease in Net Sales in the third quarter of 2006
was due primarily to lower sales of the Company's flame accessory products. The
decrease of 12% in the third quarter of 2006 consisted of a decrease of about
15% due to lower volume of products sold partially offset by an increase of
about 3% due to higher average net selling prices. The increase of 12% in the
nine months consisted of an increase of about 25% due to higher volume of
products sold partially offset by a reduction of about 13% due to lower average
net selling prices. The lower average net selling prices in the nine months of
2006 were due primarily to reduced selling prices on the sale to the customer in
China.


                                       13
<PAGE>

      At Ronson Consumer Products, Cost of Sales, as a percentage of Net Sales,
increased to 60% in the third quarter of 2006 from 59% in the third quarter of
2005 and increased to 62% in the nine months of 2006 from 59% in the nine months
of 2005. The increase in the Cost of Sales percentage in the third quarter was
primarily due to increased material costs due to large increases in the price of
oil, used in fuels for butane refills and Ronsonol as well as other purchased
components, and to the lower Net Sales in the period. The increase in the Cost
of Sales percentage in the nine months of 2006 was primarily due to a higher
Cost of Sales percentage on the second quarter 2006 sale to the customer in
China, and to increased material costs due to the large increases in the price
of oil discussed above. The amount of the Cost of Sales at Ronson Consumer
Products decreased by 9% in the third quarter of 2006 from the third quarter
2005 and increased by 17% in the nine months of 2006 from the nine months of
2005. These changes in the amount of Cost of Sales were composed of the
following:

                                                  Quarter   Nine Months
                                                  -------   -----------
Increased (decreased) volume of products sold       (7)%         17%
Decreased manufacturing costs                       (4)          (2)
Increase in unit costs of products sold              2            2
                                                   ---          ---
Total change in amount of
    Cost of Sales-increase(decrease)                (9)%         17%
                                                   ===          ===

      The increase in unit costs of product sold is due primarily to increased
prices of oil as discussed above.

      Ronson Consumer Products Selling, Shipping and Advertising Expenses, as a
percentage of Net Sales, increased to 24% in the third quarter of 2006 from 22%
in the third quarter of 2005, primarily due to the lower Net Sales in the
quarter. Ronson Consumer Products Selling, Shipping, and Advertising Expenses,
as a percentage of Net Sales decreased to 21% in the nine months of 2006 from
23% in the nine months of 2005, primarily due to the higher Net Sales in the
nine months 2006. General and Administrative Expenses, as a percentage of Net
Sales, were lower at 7% in the nine months of 2006 from 8% in the nine months of
2005 primarily because of the increased Net Sales.

      The Earnings before Income Taxes and Intercompany Charges at Ronson
Consumer Products increased to $759,000 in the nine months of 2006 from $647,000
in the nine months of 2005. The Earnings before Income Taxes and Intercompany
Charges were after expenses of $70,000 in the nine months of 2006 (none in 2005)
due to fees charged by Bank of America (see Other Items below).

<TABLE>
<CAPTION>
Ronson Aviation
---------------
(in thousands)                                         Quarter Ended               Nine Months Ended
                                                       September 30,                 September 30,
                                                  ----------------------       -------------------------
                                                   2006            2005         2006               2005
                                                  ------          ------       ------             ------
<S>                                               <C>             <C>          <C>                <C>
Net sales                                         $3,843          $3,075       $9,777             $8,200
Earnings from operations                             419             441        1,193              1,058
Earnings before income taxes
    and intercompany charges                         411             423        1,163              1,014
Nonrecurring loss - sale of charter
    aircraft                                          --            (170)          --               (591)
</TABLE>


                                       14
<PAGE>

      Net Sales at Ronson Aviation, Inc. ("Ronson Aviation"), Trenton, New
Jersey, increased by 25% in the third quarter of 2006 from the third quarter of
2005 and by 19% in the nine months of 2006 from the nine months of 2005. The
increase in the third quarter of 2006 was primarily due to increased sales of
aircraft. The increase in sales in the nine months of 2006 was primarily due to
the sales of aircraft in the nine months of 2006 (none in 2005) and to increased
sales of aircraft fuel primarily due to higher aviation fuel prices.

      Ronson Aviation's Cost of Sales, as a percentage of Net Sales, increased
to 81% in the third quarter of 2006 from 77% in the third quarter of 2005 and to
78% in the nine months of 2006 as compared to 76% in the nine months of 2005.
The increase was primarily due to a change in the mix of products sold because
of the aircraft sales in the nine months of 2006.

      Ronson Aviation's Selling, Shipping and Advertising Expenses and General
and Administrative Expenses, as a percentage of Net Sales, were unchanged in the
third quarter of 2006 and third quarter of 2005 at 7%, and at 8% in the nine
months of 2006 and nine months of 2005 primarily because increased personnel
costs in 2006 were offset by the effect on the percentage of the increased
sales.

      Ronson Aviation's Earnings before Taxes and Intercompany Charges in the
nine months of 2006 was after expenses of $20,000 due to fees charged by Bank of
America (see Other Items below).

      The Nonrecurring Loss of $(170,000) in the third quarter of 2005 and
$(591,000) in the nine months of 2005 was due to the September 30, 2005 sale of
Ronson Aviation's Citation II charter aircraft and Ronson Aviation's charter
business. In the second quarter of 2005, the Company reached an agreement for
the sale of the charter aircraft and business for $1.6 million in cash. In the
nine months of 2005, the charter business had revenues of $357,000 and an
operating loss of $(100,000).

Other Items
-----------

      The Other Charges in the third quarters and nine months of 2006 and 2005
consisted of legal fees incurred related to stockholder litigation (refer to
Item 1 of Part II of this Form 10-Q). Other-Net consisted primarily of fees
charged by Bank of America of $90,000 in the first half of 2006 (none in 2005);
and pension expenses of $231,000 and $223,000 in the nine months of 2006 and
2005, respectively, related to the defined benefit pension plans in which no
benefits have accrued since 1990 or prior; partially offset by gains realized in
foreign currency transactions of $42,000 and $76,000 in the third quarter and
nine months of 2006, respectively. The fees charged by Bank of America were due
to terms of a loan agreement dated January 11, 2006 (which extended the loan to
January 31, 2007). Under the terms of the extension, fees were due to Bank of
America, beginning on February 28, 2006, at the end of each month in which the
Bank of America loans had not been repaid. The Bank of America loans were repaid
on July 31, 2006.


                                       15
<PAGE>

FINANCIAL CONDITION

      The Company's Stockholders' Equity increased to $3,523,000 at September
30, 2006, from $3,304,000 at December 31, 2005. The increase of $219,000 in
Stockholders' Equity was primarily due to the Net Earnings in the nine months of
2006.

      The Company's working capital improved by $770,000 to $10,000 from a
deficiency in working capital of $760,000 at December 31, 2005. The Company's
working capital improved by $2,275,000 in the quarter ended September 30, 2006,
from a deficiency of $2,265,000 at June 30, 2006. The improvement in the
Company's working capital in the quarter and nine months ended September 30,
2006 was primarily due to the Company's new loan agreements with CIT/Commercial
Services, Inc. ("CIT") and North Fork Bank ("North Fork") discussed further
below. The new agreements provided additional working capital of about
$2,920,000 in the third quarter of 2006. The decline in working capital in the
first half of 2006 had been primarily due to the classification as Current
Portion of Long-term Debt of $1,145,000 from Long-term Debt at June 30, 2006,
because of the January 31, 2007 due date of RCPC's prior mortgage loan with Bank
of America. The improvement in working capital due to the new financing was
partially offset by capital expenditures of $1,229,000 in the nine months of
2006, primarily at Ronson Aviation for the construction of a 19,200 sq. ft.
hangar.

      On July 31, 2006, the Company, RCPC, Ronson-Canada and Ronson Aviation
entered into a financing agreement with CIT Group/Commercial Services, Inc.
("CIT"). The financing totals $3,945,000 and is composed of a revolving line of
credit of $3,000,000 and two term loans in the original amounts of $195,000 and
$750,000, respectively, both to be repaid evenly over five years. The amount
available to be borrowed under the revolving line of credit is determined by
reference to a "borrowing base", which is calculated based on the levels of
accounts receivable and inventories of the Company's subsidiaries. Amounts
advanced under the CIT financing agreement are secured by substantially all of
the assets of the Company and its subsidiaries, other than (1) the real property
owned by RCPC in Woodbridge, New Jersey and (2) 34% of the Company's interest in
Ronson-Canada. The CIT financing agreement includes covenants and other terms
and provisions typical for agreements of its kind. The revolving line of credit
is for a period of three years. The revolving loan bears interest at prime plus
one half percent and the term loans bear interest at prime plus three percent.

      The proceeds from the CIT revolving loan and term loans were utilized to
repay all amounts outstanding to the Bank of America under the Company's prior
revolving loan and mortgage loan agreements. The proceeds from the two term
loans improved working capital by about $750,000. The new CIT financing also
provided additional loan availability to the Company of about $600,000.

      On September 27, 2006, Ronson Consumer Products Corporation ("RCPC")
entered into a mortgage loan agreement with North Fork Bank ("North Fork") for
$2,200,000. The mortgage loan is secured by a first mortgage on the property of
RCPC at 3 and 6 Ronson Road, Woodbridge, NJ, and the guarantees of the Company
and Ronson Aviation. The loan bears interest at the fixed rate of 6.81% and is
payable in monthly installments of $15,422, with a final installment of
approximately $1,697,000, plus interest, on November 1, 2016.


                                       16
<PAGE>

      The proceeds from the mortgage loan were utilized to reduce amounts
outstanding to CIT Group/Commercial Services, Inc. ("CIT") under the Company's
revolving loan with CIT. Immediately following the reduction of the amounts due
to CIT, the Company had consolidated loan availability of approximately
$2,550,000 under the CIT revolving loan agreement.

      Based on the amount of the loans outstanding and the levels of accounts
receivable and inventory at September 30, 2006, Ronson Consumer Products and
Ronson Aviation had total unused borrowings available at September 30, 2006 of
about $2,203,000 under the CIT line of credit.

      The Company's Inventories increased in the nine months of 2006 primarily
due to increases in inventories of the Company's consumer products, its new
lighters and new torches, in preparation for and to start filling the new
distribution channels.

      The Company's Accounts Payable increased in the nine months of 2006 due to
increases in Inventory at Ronson Consumer Products, to capital expenditures at
Ronson Aviation, and to required pension contributions.

      The Company's Construction in Progress increased to $1,586,000 at
September 30, 2006, due to amounts expended on construction of the new hangar
facility at Ronson Aviation. The remaining costs of the hangar construction are
expected to be about $1,260,000 to be incurred in the fourth quarter of 2006 and
the first quarter of 2007.

      On February 23, 2006, the Company's Board of Directors declared a 5% stock
dividend on the Company's common stock. The 5% stock dividend was issued on
April 15, 2006, to stockholders of record April 1, 2006. Information as to the
number of shares and per share amounts has been retroactively adjusted to
reflect this stock dividend.

      The Company has continued to meet its obligations as they have matured and
management believes that the Company will continue to meet its obligations
through internally generated funds from future net earnings and depreciation,
established external financial arrangements, potential additional sources of
financing and existing cash balances.

FORWARD-LOOKING STATEMENTS

      This Management's Discussion and Analysis of Financial Condition and
Results of Operations and other sections of this report contain forward-looking
statements that involve risks and uncertainties, as well as assumptions that, if
they never materialize or prove incorrect, could cause the results of the
Company to differ materially from those expressed or implied by such
forward-looking statements. All statements other than statements of historical
fact are statements that could be deemed forward-looking statements, including
any projections of earnings, revenue, margins, costs or other financial items;
any statements of the plans, strategies and objectives of management for future
operations; any statement concerning new products, services or developments; any
statements regarding future economic conditions or performance; any statements
of belief; and any statements of assumptions underlying any of the foregoing.
The risks, uncertainties and assumptions referred to above include the success
of new products; competition; prices of key materials, such as petroleum
products; the challenge of managing asset levels, including inventory; the
difficulty of aligning expense levels with revenue changes; assumptions relating
to pension costs; and other risks that are


                                       17
<PAGE>

described herein and that are otherwise described from time to time in the
Company's Securities and Exchange Commission reports. The Company assumes no
obligation and does not intend to update these forward-looking statements.

ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
         ----------------------------------------------------------

      There has been no significant change in the Company's exposure to market
risk during the first nine months of 2006. For discussion of the Company's
exposure to market risk, refer to Item 7A, Quantitative and Qualitative
Disclosure about Market Risk, contained in the Company's Annual Report on Form
10-K for the year ended December 31, 2005, incorporated herein by reference.

ITEM 4 - CONTROLS AND PROCEDURES
         -----------------------

      (a) Evaluation of Disclosure Controls and Procedures. The Company's Chief
Executive Officer and Chief Financial Officer, after the evaluation of the
effectiveness of the Company's "disclosure controls and procedures" (as defined
in Rules 13a-4(c) and 15-14(c) under the Securities Exchange Act of 1934) as of
the end of the period covered by this quarterly report, have concluded that, as
of the end of the period covered by this quarterly report, the Company's
disclosure controls and procedures were adequate, are designed to ensure that
material information related to the Company and its consolidated subsidiaries
would be made known to the above officers, are effective and provide reasonable
assurance that they will meet their objectives.

      (b) Changes in Internal Controls. There were no significant changes in the
Company's internal controls or in other factors that could significantly affect
these controls subsequent to the date of their evaluation, including any
corrective actions with regard to significant deficiencies and material
weaknesses.

PART II - OTHER INFORMATION

ITEM 1 - LEGAL PROCEEDINGS
         -----------------

            The Company is involved in various product liability claims. The
claimants have claimed unspecified damages. The ultimate liability cannot now be
determined because of the considerable uncertainties that exist. Therefore, it
is possible that results of operations or liquidity in a particular period could
be materially affected by these matters. However, based on facts currently
available, management believes that damages awarded, if any, would be well
within existing insurance coverage.

Steel Partners II, L.P., et al v. Louis V. Aronson II, Robert A. Aronson,
--------------------------------------------------------------------------
Erwin M. Ganz, I. Leo Motiuk, Gerard J. Quinnan, Justin P. Walder,
-------------------------------------------------------------------
Saul H. Weisman, Carl W. Dinger III and Ronson Corporation
----------------------------------------------------------


                                       18
<PAGE>

      On March 25, 2003, a derivative lawsuit was filed against the directors of
Ronson in the Superior Court of New Jersey, Chancery Division, Essex County by
Steel Partners II, L.P. and Warren G. Lichtenstein. The lawsuit alleges, among
other matters, breach of fiduciary duty and an absence of disinterestedness by
the defendants, and use of corporate control to advance their own interests. The
lawsuit seeks monetary damages on behalf of Ronson as well as equitable relief
to invalidate the Company's shareholder rights agreement and certain consulting
agreements, to enjoin performance of agreements with certain directors and to
require the Company's President and C.E.O. to divest those shares acquired, and
not to acquire additional shares while the shareholder rights agreement has been
or remains in place. A special committee of two independent directors was
created by the Board of Directors of the Company to investigate and evaluate the
allegations made in the lawsuit. The committee concluded that none of the
directors breached any fiduciary duty owed to the Company or its shareholders,
that it is not in the best interests of the Company or its shareholders to
continue legal action against the directors on any of the claims asserted in the
derivative complaint and that the Company seek to dismiss the derivative action.
The Company's directors have vigorously denied the claims and moved to have the
complaint dismissed. That motion to dismiss was denied in February 2004.

      The Company's directors will continue to contest and to vigorously defend
against the claims.

      On June 21, 2004, the Superior Court of New Jersey granted the motion of
the Ronson directors, over the objection of Steel Partners II, L.P., to
bifurcate the case. As a result, trial of all claims and defenses in the
derivative suit, other than the defense based upon the report and findings of
the Special Litigation Committee, was held in abeyance pending trial of the
Special Litigation Committee defense. The trial of the Special Litigation
Committee defense was conducted in March 2005. In April 2005, the parties
submitted post-trial memoranda.

      On July 23, 2004, Ronson Corporation and certain of its directors filed a
Counterclaim and Third-Party Complaint against Steel Partners II, L.P., Warren
G. Lichtenstein and certain close associates -- namely, Jack Howard, Howard M.
Lorber and Ronald Hayes. The Counterclaim and Third-Party Complaint is based
upon the New Jersey Shareholders Protection Act, and seeks compensatory and
punitive damages, costs of suit and interest, as well as entry of a judgment
directing the public disclosure of all limited partners of Steel Partners II,
L.P., and persons acting directly or indirectly in concert with them in
connection with the acquisition or attempted acquisition of stock in, or control
of, Ronson Corporation. The court directed that all discovery and other
proceedings in connection with the Counterclaim and Third-Party Complaint were
to be held in abeyance pending the Court's decision on the Special Litigation
Committee defense.

      By written opinion and Order dated March 30, 2006, the Superior Court of
New Jersey denied in whole or in part the Special Litigation Committee defense.
The Company's directors filed a motion seeking clarification or, alternatively,
modification of the Opinion and Order.

      By Order dated June 19, 2006, the Superior Court of New Jersey granted the
motion of the Company's directors, ruling that:


                                       19
<PAGE>

      1.    The Special Litigation Committee of Ronson Corporation was
            independent.

      2.    By virtue of the Special Litigation Committee defense, the First,
            Second, Third, Fourth and Fifth Claims of Steel Partners' Complaint
            is dismissed, to the extent said Claims are based upon Ronson
            Corporation's Preferred Shares Rights Agreement dated December 8,
            1998, as amended. With respect to the application of the Special
            Litigation Committee defense to the remaining claims within Steel
            Partners' Complaint, the application to dismiss said claims is
            denied.

      By Notice of Motion dated July 21, 2006, Steel Partners/Warren
Lichtenstein sought permission of the Superior Court to file an Amended and
Supplemental Complaint. The Company's directors opposed this motion. By order
dated August 25, 2006, the Court denied Steel Partners/Warren Lichtenstein's
motion. Discovery is now proceeding in this lawsuit, with a trial date scheduled
for May, 2007.

      The Company's directors will continue to contest and to vigorously defend
against the claims asserted by Steel Partners.

Steel Partners II, L.P. v. Louis V. Aronson II, Robert A. Aronson, Barbara L.
-----------------------------------------------------------------------------
Collins, Carl W. Dinger III, Paul H. Einhorn, Erwin M. Ganz, Daryl K. Holcomb,
------------------------------------------------------------------------------
I. Leo Motiuk, Gerard J. Quinnan, Justin P. Walder, and Saul H. Weisman
-----------------------------------------------------------------------

      On or about April 14, 2005, Steel Partners II, L.P./Warren Lichtenstein
commenced an action, on its own behalf as a shareholder of the Company, in the
United States District Court for the District of New Jersey, against the current
directors (other than Dr. David) of the Company, as well as Daryl K. Holcomb,
the Company's chief financial officer, and Carl W. Dinger, a shareholder of and
consultant to the Company. The Complaint alleges, among other things, that
defendants should be treated collectively as an "Acquiring Person" under the
Company's Shareholder Rights Agreement, and that their acquisition and ownership
of more than 12% of the outstanding stock of the Company has triggered the
provisions of the Shareholder Rights Agreement with respect to the offering of
rights to shareholders, including Steel Partners II (notwithstanding that in its
derivative action in the Superior Court of New Jersey, Steel Partners has
challenged the legality and enforceability of the Company's Shareholder Rights
Agreement). The Complaint alleges further that the defendants have violated
reporting requirements under Section 13(d) of the Securities Exchange Act and
Rule 13-d promulgated by the Securities Exchange Commission by failing to
disclose an alleged agreement to coordinate their purchases of the Company's
stock for the purposes of placing voting control in the hands of Louis V.
Aronson II and for other undisclosed purposes.

      The Company's directors and its chief financial officer intend to contest
the allegations of this second complaint filed by Steel Partners/Warren
Lichtenstein and vigorously defend the action. The Company's directors and its
chief financial officer filed a motion to dismiss Steel Partners federal court
complaint in July 2005.

      By order dated April 13, 2006, and accompanying written Opinion of the
same date, the United States District Court denied the motion to dismiss filed
by the Company's directors and its chief financial officer. The Company's
directors and chief financial officer have filed a motion seeking certification
of the Order by the United States District Court, so that a petition seeking
permission to appeal


                                       20
<PAGE>

to the Third Circuit Court of Appeals may be filed. The parties await
consideration and determination by the United States District Court. While
awaiting the District Court's ruling on the certification application, the Court
has determined to establish a discovery schedule, which is currently in effect.
The matter is therefore proceeding through pretrial discovery.

Juraj Kosco and Maria Kosco vs. Ronson Consumer Products Corporation, Ronson
----------------------------------------------------------------------------
Corporation, Industrial Waste Management, Inc., Cuno Incorporated, XYZ
----------------------------------------------------------------------
Corporations #1-10 (fictitious parties), John and/or Jane Does #1-10 (fictitious
--------------------------------------------------------------------------------
individuals)
------------

      The plaintiffs, a former employee and his spouse, claim damages for burns
and other injuries allegedly received in an accident occurring during the
employee's performance of his job. The lawsuit was filed in the Superior Court
of New Jersey, Law Division, Middlesex County, on February 10, 2005, and claims
damages totaling $10,000,000. The claimant has received, and is receiving,
workers' compensation benefits related to the incident. Counsel has advised that
it believes that the claim is barred by the exclusive remedy of the Workers'
Compensation Act. Management believes that damages, if any, awarded in addition
to the statutory workers' compensation benefits, will be well within the
Company's insurance coverage.

David Pelous and Mary Pelous, his wife vs. Behr Process Corporation, et al.
---------------------------------------------------------------------------

      On January 26, 2006, Ronson Corporation of Delaware, a former subsidiary
of the Company, was notified it was named as one of at least forty-one
defendants in the above matter. The plaintiffs claim damages from illness as a
result of exposure to benzene and benzene-containing products. In the second
quarter of 2006, the Company was notified that it is no longer a defendant in
the case.

ITEM 6 - EXHIBITS
         --------

a.    Exhibits.

      31.1(a) and (b) Rule 13a-14(a)/15d-14(a) Certifications pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.

      32.1 Section 1350 Certification pursuant to Section 906 of the
Sarbanes-Oxley Act of 2002 (furnished but not filed for purposes of the
Securities Exchange Act of 1934).


                                       21
<PAGE>

                                   SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.

                                           RONSON CORPORATION


Date: November 14, 2006                    /s/ Louis V. Aronson II
                                           -------------------------------------
                                           Louis V. Aronson II, President
                                           & Chief Executive Officer

                                           (Signing as Duly Authorized
                                           Officer of the Registrant)


Date: November 14, 2006                    /s/ Daryl K. Holcomb
                                           -------------------------------------
                                           Daryl K. Holcomb, Vice President,
                                           Chief Financial Officer and
                                           Controller

                                           (Signing as Chief Financial
                                           Officer of the Registrant)


                                       22