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 June 30, 2007
                                                 -------------

                          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 June 30, 2007, there were 4,518,000 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:
                  JUNE 30, 2007 AND DECEMBER 31, 2006                        3

             CONSOLIDATED STATEMENTS OF OPERATIONS:
                  QUARTER ENDED JUNE 30, 2007 AND 2006                       4
                  SIX MONTHS ENDED JUNE 30, 2007 AND 2006                    5

             CONSOLIDATED STATEMENTS OF CASH FLOWS:
                  SIX MONTHS ENDED JUNE 30, 2007 AND 2006                    6

             NOTES TO CONSOLIDATED FINANCIAL STATEMENTS                      7


    ITEM 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OF
               FINANCIAL CONDITION AND RESULTS OF OPERATIONS                13

    ITEM 3 - QUANTITATIVE AND QUALITATIVE DISCLOSURES
               ABOUT MARKET RISK                                            17

    ITEM 4 - CONTROLS AND PROCEDURES                                        17


PART II - OTHER INFORMATION:

    ITEM 1 - LEGAL PROCEEDINGS                                              17

    ITEM 1A - RISK FACTORS                                                  20

    ITEM 6 - EXHIBITS                                                       20

SIGNATURES                                                                  20


                                       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>
                                                             June 30,      December 31,
                                                               2007            2006
                                                           ------------    ------------
                                                            (unaudited)
<S>                                                        <C>             <C>
             ASSETS
CURRENT ASSETS:
 Cash and cash equivalents                                 $        189    $        294
 Accounts receivable, net                                         1,667           1,876
 Inventories:
  Finished goods                                                  1,959           1,820
  Work in process                                                    74              15
  Raw materials                                                     596             960
                                                           ------------    ------------
                                                                  2,629           2,795
 Other current assets                                             1,392           1,231
                                                           ------------    ------------
     TOTAL CURRENT ASSETS                                         5,877           6,196
                                                           ------------    ------------

Property, plant and equipment, at cost:
 Land                                                                 6               6
 Buildings and improvements                                       5,513           5,479
 Machinery and equipment                                          6,791           6,718
 Construction in progress                                         2,869           2,454
                                                           ------------    ------------
                                                                 15,179          14,657
Less accumulated depreciation and amortization                    9,184           8,885
                                                           ------------    ------------
                                                                  5,995           5,772

Other assets                                                      2,961           2,752
                                                           ------------    ------------
                                                           $     14,833    $     14,720
                                                           ============    ============
         LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 Short-term debt                                           $      2,346    $      2,143
 Current portion of long-term debt and leases                       669             561
 Accounts payable                                                 2,700           2,360
 Accrued expenses                                                 1,998           2,010
                                                           ------------    ------------
     TOTAL CURRENT LIABILITIES                                    7,713           7,074
                                                           ------------    ------------

Long-term debt and leases                                         3,515           3,769
Other long-term liabilities                                         246             251

STOCKHOLDERS' EQUITY:
 Common stock                                                     4,900           4,900
 Additional paid-in capital                                      29,868          29,878
 Accumulated deficit                                            (28,603)        (28,266)
 Accumulated other comprehensive loss                            (1,209)         (1,289)
                                                           ------------    ------------
                                                                  4,956           5,223
 Less cost of treasury shares                                     1,597           1,597
                                                           ------------    ------------
     TOTAL STOCKHOLDERS' EQUITY                                   3,359           3,626
                                                           ------------    ------------
                                                           $     14,833    $     14,720
                                                           ============    ============
</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)


                                                                 Quarter Ended
                                                                    June 30,
                                                              ------------------
                                                                2007       2006
                                                              -------    -------

NET SALES                                                     $ 6,543    $ 7,841
                                                              -------    -------

Cost and expenses:
 Cost of sales                                                  4,587      5,341
 Selling, shipping and advertising                                873        985
 General and administrative                                     1,033      1,036
 Depreciation and amortization                                    142        151
 Other (earnings) charges                                          (8)        40
                                                              -------    -------
                                                                6,627      7,553
                                                              -------    -------

EARNINGS (LOSS) FROM OPERATIONS                                   (84)       288
                                                              -------    -------

Other expense:
 Interest expense                                                 123        103
 Other-net                                                         79        152
                                                              -------    -------
                                                                  202        255
                                                              -------    -------

EARNINGS (LOSS) BEFORE INCOME TAXES                              (286)        33

Income tax provision (benefit)                                    (41)         8
                                                              -------    -------

NET EARNINGS (LOSS)                                           $  (245)   $    25
                                                              =======    =======


EARNINGS (LOSS) PER COMMON SHARE:

 Basic                                                        $ (0.05)   $  0.01
                                                              =======    =======

 Diluted                                                      $ (0.05)   $  0.01
                                                              =======    =======



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)

                                                              Six Months Ended
                                                                  June 30,
                                                            --------------------
                                                              2007        2006
                                                            --------    --------

NET SALES                                                   $ 12,640    $ 15,183
                                                            --------    --------

Cost and expenses:
 Cost of sales                                                 8,635      10,329
 Selling, shipping and advertising                             1,798       1,903
 General and administrative                                    1,959       1,999
 Depreciation and amortization                                   288         304
 Other (earnings) charges                                        (43)         70
                                                            --------    --------
                                                              12,637      14,605
                                                            --------    --------

EARNINGS FROM OPERATIONS                                           3         578
                                                            --------    --------

Other expense:
 Interest expense                                                254         204
 Other-net                                                       169         210
                                                            --------    --------
                                                                 423         414
                                                            --------    --------

EARNINGS (LOSS) BEFORE INCOME TAXES                             (420)        164

Income tax provision (benefit)                                   (83)         61
                                                            --------    --------

NET EARNINGS (LOSS)                                         $   (337)   $    103
                                                            ========    ========


EARNINGS (LOSS) PER COMMON SHARE:

 Basic                                                      $  (0.07)   $   0.02
                                                            ========    ========

 Diluted                                                    $  (0.07)   $   0.02
                                                            ========    ========




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)


                                                               Six Months Ended
                                                                   June 30,
                                                             -------------------
                                                               2007       2006
                                                              -----      -----
Cash Flows from Operating Activities:
Net earnings (loss)                                          $  (337)   $   103
Adjustments to reconcile net earnings (loss) to
 net cash provided by operating activities:
 Depreciation and amortization                                   367        304
 Stock option expense                                             12         --
 Deferred income tax benefits                                   (142)       (39)
 Exchange gain                                                    --        (36)
 Increase (decrease) in cash from changes in:
  Current assets and current liabilities                         542      1,036
  Other non-current assets and other long-term
   liabilities                                                   (75)       136
 Net change in pension-related accounts                          (35)      (317)
                                                             -------    -------
      Net cash provided by operating activities                  332      1,187
                                                             -------    -------

Cash Flows from Investing Activities:
 Capital expenditures                                           (483)      (701)
 Proceeds from disposal of property, plant & equipment            --         11
                                                             -------    -------
      Net cash used in investing activities                     (483)      (690)
                                                             -------    -------


Cash Flows from Financing Activities:
 Proceeds from short-term debt                                   600        368
 Payments of short-term debt                                    (397)      (300)
 Proceeds from long-term debt                                    131         --
 Payments of long-term debt                                     (154)      (226)
 Payments of long-term lease obligations                        (137)      (124)
 Stock options exercised                                          --         28
 Cost of stock option agreement                                  (24)       (24)
                                                             -------    -------
      Net cash provided by (used in) financing activities         19       (278)
                                                             -------    -------

Net increase (decrease) in cash and cash equivalents            (132)       219

Effect of exchange rates on cash                                  27         31

Cash and cash equivalents at beginning of period                 294        414
                                                             -------    -------

Cash and cash equivalents at end of period                   $   189    $   664
                                                             =======    =======




See notes to consolidated financial statements.


                                       6
<PAGE>

                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                   ------------------------------------------
                 FOR THE QUARTER ENDED JUNE 30, 2007 (UNAUDITED)
                 -----------------------------------------------

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

      Basis of Financial Statement Presentation - The information as of and for
the three and six month periods ended June 30, 2007 and 2006, 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 Ronson
Corporation's ("the Company's") Annual Report on Form 10-K.

      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 June 30,
                       --------------------------------------------------------------
                                   2007                             2006
                       ---------------------------    -------------------------------

                                             Per                                Per
                                            Share                              Share
                         Loss     Shares    Amount    Earnings    Shares (2)   Amount
                       -------    ------   -------    --------    ----------  -------
<S>                     <C>        <C>      <C>         <C>          <C>        <C>
   BASIC                $(245)     4,815    $(.05)      $25          4,781      $.01
                        =====      =====    =====       ===          =====      ====
Effect of dilutive
   securities,
   stock options (1)                  --                                53
                                   -----                             -----

   DILUTED              $(245)     4,815    $(.05)      $25          4,834      $.01
                        =====      =====    =====       ===          =====      ====
</TABLE>


<TABLE>
<CAPTION>
                                          Six Months Ended June 30,
                       --------------------------------------------------------------
                                  2007                              2006
                       ---------------------------    -------------------------------

                                             Per                                Per
                                            Share                              Share
                        Loss      Shares    Amount    Earnings    Shares (2)   Amount
                       -------    ------    ------    --------    ----------   ------
<S>                     <C>        <C>      <C>         <C>         <C>         <C>
   BASIC                $(337)     4,815    $(.07)      $103        4,772       $.02
                        =====      =====    =====       ====        =====       ====
Effect of dilutive
   securities,
   stock options (1)                  --                               53
                                   -----                            -----
   DILUTED              $(337)     4,815    $(.07)      $103        4,825       $.02
                        =====      =====    =====       ====        =====       ====
</TABLE>


                                       7
<PAGE>

      (1)   Stock options were anti-dilutive for the quarter and six months
            ended June 30, 2007, and, therefore, were excluded from the
            computation and reconciliation of Diluted Earnings (Loss) per Common
            Share for those periods. The numbers of potentially anti-dilutive
            securities were 15,000 and 16,000 in the second quarter and first
            half of 2007, respectively.

      (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 1, 2007.

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 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 (8.75% in the U.S. and
6.50% in Canada at June 30, 2007) 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.

      At June 30, 2007, CIT provided the Company with a waiver of a covenant
violation due to failure by the Company to meet a fixed charge coverage ratio
for the twelve months ended June 30, 2007.

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

      On September 27, 2006, RCPC entered into a mortgage loan agreement with
North Fork Bank ("North Fork") for $2,200,000. The mortgage loan had a balance
of $2,177,000 at June 30, 2007 and 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 $163,000 and $621,000, respectively, at June 30, 2007.

      Effective May 31, 2007, Ronson Aviation entered into a subordinated loan
agreement dated May 30, 2007, with EPIC Aviation, LLC ("EPIC"), Ronson
Aviation's aircraft fuel supplier, for up to $500,000 in order to complete the
construction of a new 19,000 square ft. aircraft storage hangar. The loan is
secured by the aircraft hangar and guaranteed by the Company. The loan bears
interest at the rate of 6.0% per annum, and is payable through application of a
$.0725 per gallon surcharge on all fuel purchased by Ronson Aviation from EPIC
with a final payment due no later than June 5, 2013, and is subordinated to the
Company's facilities with CIT. At June 30, 2007, the balance due under this loan
agreement was $124,000.


                                       8
<PAGE>

      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 8.25%, payable at $4,800 per month, including interest, with the
final payment due at the end of the initial nine-year term. At June 30, 2007,
the total balance payable on this lease agreement was $204,000.

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 June 30, 2007 and December 31, 2006 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 New Jersey Department of Environmental
Protection ("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 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


                                       9
<PAGE>

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.

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):

                                       Quarter Ended         Six Months Ended
                                         June 30,                June 30,
                                   --------------------    --------------------

                                     2007        2006        2007        2006
                                   --------    --------    --------    --------
Net sales:
  Consumer Products                $  3,093    $  5,073    $  6,651    $  9,249
  Aviation Services                   3,450       2,768       5,989       5,934
                                   --------    --------    --------    --------
    Consolidated                   $  6,543    $  7,841    $ 12,640    $ 15,183
                                   ========    ========    ========    ========
Earnings (loss) from operations:
  Consumer Products                $    (25)   $    349    $    112    $    732
  Aviation Services                     448         418         838         774
                                   --------    --------    --------    --------
  Total reportable segments             423         767         950       1,506
  Corporate and others                 (515)       (439)       (990)       (858)
  Other (charges) earnings                8         (40)         43         (70)
                                   --------    --------    --------    --------
    Consolidated                   $    (84)   $    288    $      3    $    578
                                   ========    ========    ========    ========
Earnings (loss) before
  intercompany charges and
  income taxes:
  Consumer Products                $   (151)   $    228    $   (156)   $    568
  Aviation Services                     439         395         821         752
                                   --------    --------    --------    --------
  Total reportable segments             288         623         665       1,320
  Corporate and others                 (582)       (550)     (1,128)     (1,086)
  Other (charges) earnings                8         (40)         43         (70)
                                   --------    --------    --------    --------
    Consolidated                   $   (286)   $     33    $   (420)   $    164
                                   ========    ========    ========    ========

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 June 30, 2007 and 2006
                      ------------------------------------

                                                                                    Accumulated
                               Foreign        Unrecog-              Cash            Other
                               Currency       nized      Prior      Flow            Compre-
                               Translation    Pension    Service    Hedging         hensive
                               Adjustments    Loss       Cost       Adjustments     Loss
                               -----------    --------   -------    -----------     -----------

<S>                               <C>          <C>         <C>         <C>             <C>
Balance at March 31, 2007         $(15)        $1,232      $39         $  --           $1,256
Current period change              (23)           (52)      (4)           --              (79)
Income tax expense                   9             21        2            --               32
                                  ----         ------      ---         -----           ------
Balance at June 30, 2007          $(29)        $1,201      $37         $  --           $1,209
                                  ====         ======      ===         =====           ======

Balance at March 31, 2006         $(43)        $1,581      $--         $ (19)          $1,519
Current period change              (21)           (64)      --            (5)             (90)
Income tax expense                   8             25       --             2               35
                                  ----         ------      ---         -----           ------
Balance at June 30, 2006          $(56)        $1,542      $--         $ (22)          $1,464
                                  ====         ======      ===         =====           ======
</TABLE>


<TABLE>
<CAPTION>
                     Six Months Ended June 30, 2007 and 2006
                     ---------------------------------------

                                                                                   Accumulated
                               Foreign        Unrecog-               Cash          Other
                               Currency       nized       Prior      Flow          Compre-
                               Translation    Pension     Service    Hedging       hensive
                               Adjustments    Loss        Cost       Adjustments   Loss
                               -----------    --------    -------    -----------   -----------
<S>                               <C>          <C>          <C>         <C>          <C>
Balance at December 31, 2006      $(13)        $1,263       $39         $ --         $1,289
Current period change              (27)          (104)       (4)          --           (135)
Income tax expense                  11             42         2           --             55
                                  ----        -------       ---         ----        -------
Balance at June 30, 2007          $(29)        $1,201       $37         $ --         $1,209
                                  ====        =======       ===         ====        =======

Balance at December 31, 2005      $(61)        $1,619       $--         $(13)        $1,545
Current period change                9           (128)       --          (15)          (134)
Income tax expense                  (4)            51        --            6             53
                                  ----        -------       ---         ----        -------
Balance at June 30, 2006          $(56)        $1,542       $--         $(22)        $1,464
                                  ====        =======       ===         ====        =======
</TABLE>


Note 8:  STATEMENT 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):


                                                    Six Months Ended
                                                        June 30,
                                                    ----------------
                                                      2007     2006
                                                      ----     ----
Cash Payments for:
    Interest                                          $303     $192
    Income Taxes                                        85       87

 Financing & Investing Activities
  Not Affecting Cash:
    Capital lease obligations incurred                  14       33
    Equipment purchases financed by seller              --       60


                                       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       Six Months Ended
                                                    June 30,             June 30,
                                               ----------------      -----------------
                                                2007       2006       2007       2006
                                               -----      -----      -----      -----
<S>                                            <C>        <C>        <C>        <C>
       Service cost                            $   6      $   6      $  12      $  12
       Interest cost                              64         66        129        132
       Expected return on plan assets            (68)       (51)      (136)      (102)
       Recognized actuarial losses                53         64        106        128
       Recognized prior service cost               1          1          2          3
                                               -----      -----      -----      -----
           Net pension expense                 $  56      $  86      $ 113      $ 173
                                               =====      =====      =====      =====
</TABLE>

Contributions to the pension plan during 2007 are expected as follows (in
thousands):

<TABLE>
<S>                                                                          <C>
      Paid in the six months ended June 30, 2007                             $148
      Expected to be paid in the balance of 2007                               91
                                                                             ----
      Total expected to be paid in the year ending December 31, 2007         $239
                                                                             ====
</TABLE>

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

      Mr. Carl W. Dinger III had granted an option to the Company to purchase
the 561,983 shares now held by Mr. Dinger at an exercise price of $5.62 per
share. The cost of the option was $4,000 per month for the period of the option
or until exercised. On June 30, 2007, the option expired.


                                       12
<PAGE>

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

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

      Second Quarter 2007 compared to Second Quarter 2006 and First Half 2007
      compared to First Half 2006.

      The Company's Net Sales declined to $6,543,000 in the second quarter of
2007 from $7,841,000 in the second quarter of 2006. The Net Sales decreased to
$12,640,000 in the first half of 2007 from $15,183,000 in the first half of
2006. The Net Sales in the second quarter and first half of 2006 included a sale
totaling $957,000 to a customer in China.

      The Company had Earnings from Operations of $3,000 in the first half of
2007 as compared to $578,000 in the first half of 2006. The Company had an
operating loss of $(84,000) in the second quarter of 2007 as compared to
operating earnings in the second quarter of 2006 of $288,000. The Company's
Income Tax benefits in the second quarter and first half of 2007 were after an
additional $67,000 charge to net earnings due to the adjustment of the valuation
allowance for deferred tax assets related to a tax planning strategy. The
Company had Net Losses in the second quarter and first half of 2007 of
$(245,000) and $(337,000), respectively, as compared to Net Earnings of $25,000
and $103,000 in the same periods of 2006.

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

                                           2007        2006       2007        2006
                                          ------      ------     ------      ------
<S>                                       <C>         <C>        <C>         <C>
  Net sales                               $3,093      $5,073     $6,651      $9,249
  Earnings (loss) from operations            (25)        349        112         732
  Earnings before income taxes
    and intercompany charges                (151)        228       (156)        568
</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 39% in the second quarter of 2007 compared to the second quarter of
2006 and by 28% in the first half of 2007 compared to the first half of 2006.
The decreases in Net Sales in the second quarter of 2007 and in the first half
of 2007 were due primarily to the Company's second quarter 2006 sale to the
customer in China and to decreased sales of the flame accessories products. The
second quarter 2006 sale to a customer in China increased the Net Sales in the
2006 periods as compared to the 2007 periods. In addition, we now believe a
significant portion of the sizable April 2006 sale to China was shipped back
into the USA despite the prohibition and understanding with the Chinese customer
that this would not happen. The shipment back to the USA from China has reduced
the Company's sales of its flame accessories products, disrupted our USA market
and will not recur.

      The decrease of 39% in the second quarter of 2007 consisted of a decrease
of about 46% due to lower volume of products sold partially offset by an
increase of about 7% due to higher average net selling prices. The decrease of
28% in the first half consisted of a decrease of about 33% due to lower volume
of products sold partially offset by an increase of about 5% due to higher
average net selling


                                       13
<PAGE>

prices. The lower average net selling prices in the second quarter and first
half of 2006 were due primarily to reduced selling prices on the 2006 sale to
the customer in China.

      At Ronson Consumer Products, Cost of Sales, as a percentage of Net Sales,
decreased to 62% in the second quarter of 2007 from 65% in the second quarter of
2006 and decreased to 62% in the first half of 2007 from 63% in the first half
of 2006. The decrease in the Cost of Sales percentage in the second quarter and
first half of 2007 were primarily due to a 2006 higher Cost of Sales percentage
on the second quarter 2006 sale to the customer in China and to reduced
manufacturing costs, partially offset by increased material costs due to higher
prices of oil used in fuels for butane refills and Ronsonol as well as other
purchased components. The amount of the Cost of Sales at Ronson Consumer
Products decreased by 42% in the second quarter of 2007 from the second quarter
2006 and decreased in the first half of 2007 from the first half of 2006 by 29%.
These decreases in the amount of Cost of Sales were composed of the following:

<TABLE>
<CAPTION>
                                                Quarter Ended     Six Months Ended
                                                June 30, 2007      June 30, 2007
                                                -------------     ----------------
<S>                                                  <C>                  <C>
Decreased volume of products sold                    41%                  28%
Decreased manufacturing costs                         2%                   1%
Increase in unit costs of products sold              (1)%                 --
                                                     --                   --
Total decrease (%) in amount of Cost of Sales        42%                  29%
                                                     ==                   ==
</TABLE>


      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 27% in the second quarter of 2007 from 19%
in the second quarter of 2006 and increased to 26% in the first half of 2007
from 21% in the first half of 2006. These increases in the Selling, Shipping,
and Advertising percentages in 2007 were primarily due to lower Net Sales in
2007. General and Administrative Expenses, as a percentage of Net Sales, were
unchanged at 7% in the first half of 2007 from the first half of 2006 primarily
because the increase in the percentage due to decreased Net Sales was offset by
reduced personnel costs and by reduced bad debt expense because of the
collection of previously reserved delinquent accounts in 2007.

      Interest Expenses at Ronson Consumer Products increased to $207,000 in the
first half of 2007 from $118,000 in the first half of 2006 due to the higher
levels of debt as a result of the CIT and North Fork financing.

Ronson Aviation
---------------                           Quarter Ended        Six Months Ended
(in thousands)                               June 30,              June 30,
                                       -------------------   -------------------
                                         2007       2006       2007       2006
                                       --------   --------   --------   --------
Net sales                                $3,450     $2,768     $5,989     $5,934
Earnings from operations                    448        418        838        774
Earnings before income taxes
   and intercompany charges                 439        395        821        752


                                       14
<PAGE>

      Net Sales at Ronson Aviation, Inc. ("Ronson Aviation"), Trenton, New
Jersey, increased by 25% in the second quarter of 2007 from the second quarter
of 2006 and by 1% in the first half of 2007 from the first half of 2006. The
increase in the second quarter of 2007 was primarily due to the sale of an
aircraft (none in the second quarter of 2006). The increase in sales in the
first half of 2007 was primarily due to increased sales of aircraft services.

      Ronson Aviation's Cost of Sales, as a percentage of Net Sales, increased
to 78% in the second quarter of 2007 from 73% in the second quarter of 2006. The
higher Cost of Sales percentage in the second quarter of 2007 was primarily due
to changes in the mix of products and services sold because of the aircraft sale
in the second quarter of 2007. The Cost of Sales percentage was lower in the
first half of 2007 at 75% as compared to 77% in the first half of 2006. The
decrease was primarily due to a change in the mix of products and services sold.

      Ronson Aviation's Selling, Shipping and Advertising Expenses and General
and Administrative Expenses, as a percentage of Net Sales, were unchanged at 9%
in the first half of 2007 and in the first half of 2006.

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

      The Other Earnings in the second quarter and first half of 2007 of $8,000
and $43,000, respectively, were the insurance proceeds in excess of the legal
fees incurred related to stockholder litigation. The Other (Charges) in the
second quarter and first half of 2006 of $40,000 and $70,000, respectively, were
the legal fees incurred, net of related insurance proceeds, related to
litigation by one stockholder (Refer to Item 1 of Part II of this Form 10-Q).

      The General and Administrative Expenses of Corporate and Others increased
to $990,000 in the first half of 2007 from $858,000 in the first half of 2006
primarily due to increased professional fees and increased stockholder related
expenses.

      Other-net decreased in the second quarter and first half of 2007 from the
second quarter and first half of 2006 primarily due to reduced expenses of
frozen pension plans and because the amortization in 2007 of deferred loan costs
related to the CIT and North Fork financing in 2007 was lower than the fees paid
to Bank of America in 2006.

Income Taxes
------------

      The Company's Income Tax Benefits in the second quarter and first half of
2007 of $41,000 and $83,000, respectively, were reduced by $67,000 due to an
increase in the valuation allowance related to deferred tax assets. In the
second quarter of 2007, the Company reviewed the likelihood that, using a tax
planning strategy, it would be able to utilize net operating loss carryforwards
of Prometcor, Inc. for purposes of State of New Jersey income taxes. The
determination was made that a portion was not likely to be utilized. Therefore,
in the second quarter of 2007, the Company increased the valuation reserve
related to deferred income tax assets by $67,000, resulting in decreased Income
Tax Benefits.


                                       15
<PAGE>

FINANCIAL CONDITION

      The Company's Stockholders' Equity decreased to $3,359,000 at June 30,
2007, from $3,626,000 at December 31, 2006. The decrease of $267,000 in
Stockholders' Equity was primarily due to the Net Loss in the first half of
2007. The Company had a deficiency in working capital of $1,836,000 at June 30,
2007, as compared to $878,000 at December 31, 2006. The decline in working
capital was primarily due to the Capital Expenditures of $497,000 mostly at
Ronson Aviation for the construction of the new hangar in the first half of
2007, to payments of Long-Term Debt and Long-Term Leases in the first half of
2007 and to the Net Loss in the first half of 2007.

      At June 30, 2007, CIT provided the Company with a waiver of a covenant
violation because the Company did not meet a fixed charge coverage ratio for the
twelve months ended June 30, 2007. The waiver included a change in the terms of
the revolving loan limiting the maximum amount that may be borrowed on raw
material inventory at RCPC. If the Company were to be unable to comply with the
above covenant or be unable to obtain a waiver of compliance, an event of
default would occur under the CIT Financing Agreement. The event of default
would, in turn, be an event of default under the North Fork mortgage loan. If
the Company did not comply with the above covenant and not obtain a waiver of
compliance, the Company's lenders may accelerate payment of the term loans and
mortgage loan, and CIT may cease making advances under the revolving loan.

      Based on the amount of the loans outstanding and the levels of accounts
receivable and inventory at June 30, 2007, the Company's subsidiaries had unused
borrowings available at June 30, 2007 of about $308,000 under the CIT line of
credit.

      The Company's Capital Expenditures increased to $497,000 in the first half
of 2007 primarily at Ronson Aviation for the construction of its new 19,200 sq.
ft. hangar. As of June 30, 2007, Ronson Aviation had expended approximately
$2,750,000 on the improvements. Ronson Aviation expects that, as of June 30,
2007, the additional cost to complete the hangar is approximately $460,000.

      On February 1, 2007, 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 16, 2007, to stockholders of record March 30, 2007. 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 and
will complete the construction of the Ronson Aviation hangar 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


                                       16
<PAGE>

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 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 six months of 2007. 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, 2006, 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-15(e) and 15d-15(e) 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 during the most recently completed quarter, 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,


                                       17
<PAGE>

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 (ESX-C-101-03).
-----------------------------------------------------------------

      On March 25, 2003, a derivative lawsuit was filed against the directors of
the Company 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 the Company
as well as equitable relief to invalidate the Company's preferred shares rights
agreement and certain consulting agreements, to enjoin performance of agreements
with certain directors and to require the Company's President and Chief
Executive Officer to divest those shares acquired, and not to acquire additional
shares while the preferred shares rights agreement has been or remains in place.

      A special litigation 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 interest 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.
On June 19, 2006, the court granted the motion of the Company's directors,
ruling that the special litigation committee was independent, that by virtue of
the special litigation committee defense all claims to the extent based upon the
preferred shares rights agreement were dismissed, and that the application to
dismiss the remaining claims was denied. On July 21, 2006, the court denied
plaintiffs' motion to file an amended and supplemental complaint.

      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, the Company's preferred shares
rights plan, tortious interference with prospective business advantage and
negligently caused economic loss, 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, the Company,
and divestiture by defendants of shares of Common Stock acquired subsequent to
the initial filing on Schedule 13D by Steel Partners II, L.P. A motion to
dismiss by Steel Partners, Warren Lichtenstein and Jack Howard dated November
21, 2006 has been granted by the court as to the allegations of prima facie tort
and denied as to all other counts, and motions to dismiss by Howard Lorber dated
October 6, 2006 and by Ronald Hayes, dated November 8, 2006, respectively, have
been granted as to the allegations of unfair competition and prima facie tort
and in all other respects denied.

      With the exception of expert discovery, discovery has now been completed,
with a trial date set for September, 2007. If the matter is not resolved, the
Company's directors will continue to contest and vigorously defend against the


                                       18
<PAGE>

claims asserted by plaintiffs. However, there have been intensified settlement
discussions, and it is anticipated that the directors will shortly be
considering whether to approve or disapprove a proposed resolution of the
matter. Any proposed resolution will be subject to Court review on notice to
shareholders.

      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
-------------------------------------------------------------------------------
(DMC-MF).
--------

      On or about April 14, 2005, Steel Partners II, L.P. 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 of the
Company (other than Edward E. David, Jr.), 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 action alleges, among other things, that
defendants should be treated collectively as an "Acquiring Person" under the
Company's preferred shares 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 preferred shares rights agreement with respect to the
offering of rights to shareholders, including plaintiff (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 preferred shares
rights agreement). The action alleges further that the defendants as a group
have become an "interested shareholder" under the New Jersey Shareholder
Protection Act, and that the defendants have violated reporting requirements
under Section 13(d) of the Securities Exchange Act of 1934 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.

      On April 13, 2006, the court denied the motion to dismiss filed by the
Company's directors and its chief financial officer in July 2005. The motion
filed by the Company's directors and chief financial officer seeking
certification of the order by the court, so that a petition seeking permission
to appeal to the U.S. Court of Appeals for the Third Circuit may be filed, was
denied on December 22, 2006.

      The Company's directors and its chief financial officer contest the
allegations of the Complaint filed by plaintiff and will continue to vigorously
defend the action, if it goes forward, through pretrial discovery which is in
its early stages. However, it is anticipated that if the first legal proceeding,
described above, is resolved, this action will be dismissed by the plaintiff
against all defendants.

      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


                                       19
<PAGE>

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.

ITEM 1A - RISK FACTORS
          ------------

      There were no material changes in the six months ended June 30, 2007, in
the risk factors as previously disclosed in the Company's Form 10-K for the year
ended December 31, 2006.

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).

                                   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


Dated: August 14, 2007                       /s/ Louis V. Aronson II
                                             -----------------------------------
                                             Louis V. Aronson II
                                             President & Chief Executive Officer

                                             (Signing as Duly Authorized
                                             Officer of the Registrant)


Dated: August 14, 2007                       /s/ Daryl K. Holcomb
                                             -----------------------------------
                                             Daryl K. Holcomb
                                             Vice President, Chief Financial
                                             Officer and Controller

                                             (Signing as Chief Financial
                                             Officer of the Registrant)


                                       20