|  |   | UNITED      STATES |
|--|--------|--------------------|

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

|   | For      the transition period from ______________________________ to      _________________________________ |
|--------|--------------------------------------------------------------------------------------------------------------|

| Pennsylvania                                                              | 23-1948942                                |
|---------------------------------------------------------------------------|-------------------------------------------|
|  (State      or other jurisdiction of incorporation or organization) | (I.R.S.      Employer Identification No.) |
| 451      Creamery Way, Exton, PA                                          | 19341                                     |
| (Address      of principal executive offices)                             | (Zip      Code)                           |

----

| PART      I - FINANCIAL INFORMATION                                                                                                                                                                                                                                        | Page No. |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                                                                                                                                                                                                                                                                       |     |
| Item      1 – Financial Statements                                                                                                                                                                                                                                   |     |
|                                                                                                                                                                                                                                                                       |     |
| Condensed      consolidated balance sheets at June 30, 2010                                                                                                                                                                                                                |     |
|             and      December 31, 2009 (unaudited)                                                                                                                                                             | 3        |
|                                                                                                                                                                                                                                                                       |     |
| Condensed      consolidated statements of income for the                                                                                                                                                                                                                   |     |
|             three-months      ended June 30, 2010 and 2009 (unaudited) and the            six      months ended June 30, 2010 and 2009 (unaudited) | 4        |
|                                                                                                                                                                                                                                                                       |     |
| Condensed      consolidated statements of cash flows for the                                                                                                                                                                                                               |     |
|             six-months      ended June 30, 2010 and 2009 (unaudited)                                                                                                                                           | 5        |
|                                                                                                                                                                                                                                                                       |     |
| Notes      to the condensed consolidated financial statements    (unaudited)                                                                                                                                                                                               | 6        |
|                                                                                                                                                                                                                                                                       |     |
| Item      2- Management's Discussion and Analysis of Financial    Condition                                                                                                                                                                                                |     |
|             and      Results of Operations                                                                                                                                                                     | 14       |
|                                                                                                                                                                                                                                                                       |     |
| Item      3 – Quantitative and Qualitative Information About Market      Risks                                                                                                                                                                                       | 24       |
|                                                                                                                                                                                                                                                                       |     |
| Item      4 – Controls and Procedures                                                                                                                                                                                                                                | 24       |
|                                                                                                                                                                                                                                                                       |     |
| PART      II - OTHER INFORMATION                                                                                                                                                                                                                                           |     |
|                                                                                                                                                                                                                                                                       |     |
| Item      1 – Legal Proceedings                                                                                                                                                                                                                                      | 24       |
|                                                                                                                                                                                                                                                                       |     |
| Item      4 – Submission of Matter to a Vote of the Security Holders                                                                                                                                                                                                 | 25       |
|                                                                                                                                                                                                                                                                       |     |
| Item      6 - Exhibits                                                                                                                                                                                                                                                     | 26       |
|                                                                                                                                                                                                                                                                       |     |
| SIGNATURE                                                                                                                                                                                                                                                                  | 27       |

----

|                                                                                                                                                                                                                                                            | June      30,                                                                                       | December      31,                                                                              |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                            | 2010                                                                                                | 2009                                                                                           |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
|                                                                                                                                                                                                                                                            | (Dollars      in thousands)                                                                         |
| ASSETS                                                                                                                                                                                                                                                          |                                                                                                |                                                                                           |
| Current      Assets                                                                                                                                                                                                                                             |                                                                                                |                                                                                           |
|      Cash      and Cash Equivalents                                                                                                                                                                                                    | $     614                                                                  |   $  1,881                                                                 |
|      Accounts      Receivable - less Bad Debt allowances of                                                                                                                                                                            |                                                                                                |                                                                                           |
|           $212      and $92, respectively                                                                                                                                                                     |     6,282                                                                       |       6,515                                                      |
|      Inventories      – Net                                                                                                                                                                                                      |     6,610                                                                       |       6,188                                                      |
|      Deferred      Taxes                                                                                                                                                                                                               |        921                                                       |          712                                      |
|      Note      Receivable – from Former Parent                                                                                                                                                                                   |     3,250                                                                       |       3,250                                                      |
|      Other      Current Assets                                                                                                                                                                                                         |        758                                                       |          542                                      |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
|      Total      Current Assets                                                                                                                                                                                                         |   18,435                                                                                  |     19,088                                                                 |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
| Property      and Equipment - Net                                                                                                                                                                                                                               |     6,018                                                                       |       6,296                                                      |
| Goodwill                                                                                                                                                                                                                                                        |     3,526                                                                       |       3,526                                                      |
| Other      Long Term Assets                                                                                                                                                                                                                                     |        657                                                       |          622                                      |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
|                Total      Assets                                                                                                                                                     | $28,636                                                                                             |   $29,532                                                                            |
|                                                                                                                                                                                                                                                            | ======                                                                                              |  ======                                                                                   |
| LIABILITIES      AND SHAREHOLDERS' EQUITY                                                                                                                                                                                                                       |                                                                                                |                                                                                           |
| Current      Liabilities:                                                                                                                                                                                                                                       |                                                                                                |                                                                                           |
|   Accounts      Payable                                                                                                                                                                                                                               |      $  1,223                           |       $     863     |
|   Line      of Credit                                                                                                                                                                                                                                 |     5,497                                                                       |      7,500                                                            |
|   Accrued      Compensation                                                                                                                                                                                                                           |     1,394                                                                       |      1,552                                                            |
|   Accrued      Commissions & Sales Incentives                                                                                                                                                                                                     |     1,388                                                                       |      1,680                                                            |
|   Taxes      Payable                                                                                                                                                                                                                                  |        152                                                       |         226                                            |
|   Other      Liabilities                                                                                                                                                                                                                              |     1,305                                                                       |      1,546                                                            |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
|                Total      Current Liabilities                                                                                                                                        |   10,959                                                                                  |    13,367                                                                       |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
| Deferred      Taxes                                                                                                                                                                                                                                             |      1,259                                                                 |       1,372                                                 |
| Other      Long Term Liabilities                                                                                                                                                                                                                                |      1,043                                                                 |          987                                      |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
|                Total      Liabilities                                                                                                                                                |    13,261                                                                            |     15,726                                                                 |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
| Equity:                                                                                                                                                                                                                                                         |                                                                                                |                                                                                           |
| Omega      Flex, Inc. Shareholders’ Equity:                                                                                                                                                                                                               |                                                                                                |                                                                                           |
|    Common      Stock – par value $0.01 Share: authorized 20,000,000         Shares:  10,153,633      shares issued and 10,091,822 outstanding at June 30, 2010 and      December      31, 2009, respectively |       102                                                             |         102                                            |
|    Treasury      Stock                                                                                                                                                                                                                           |           (1)                                     |             (1)                    |
|    Paid      in Capital                                                                                                                                                                                                                          |  10,808                                                                                        |    10,808                                                                       |
|    Retained      Earnings                                                                                                                                                                                                                        |    4,921                                                                             |      3,184                                                            |
|    Accumulated      Other Comprehensive Loss                                                                                                                                                                                                     |          (578)                          |         (434)                                          |
|       Total      Omega Flex, Inc. Shareholders’ Equity                                                                                                                                                                      |     15,252                                                       |    13,659                                                                       |
|  Noncontrolling      Interest                                                                                                                                                                                                                              |                      123      |         147                                            |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
|        Total      Shareholders’ Equity                                                                                                                                                                                 |        15,375                           |   13,806                                                                             |
|                                                                                                                                                                                                                                                            |                                                                                                |                                                                                           |
|                Total      Liabilities and Shareholders’ Equity                                                                                                                 | $28,636                                                                                             | $29,532                                                                                        |
|                                                                                                                                                                                                                                                            | ======                                                                                              | ======                                                                                         |

----

|                                                                                                                                                                                                                                                                                                                          | For      the three-months ended                                 | For      the six-months ended                                 |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|---------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                          | June      30,                                                   | June      30,                                                 |
|                                                                                                                                                                                                                                                                                                                          | 2010                                                            | 2009                                                          | 2010 | 2009 |
| (Amounts      in thousands, except earnings per Common Share)                                                                                                                                                                                                                                                                 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Net      Sales                                                                                                                                                                                                                                                                                                                | $10,715                                                    | $10,124                                                  | $22,406  | $20,217  |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Cost      of Goods Sold                                                                                                                                                                                                                                                                                                       |     5,176                              |     5,076                                 |  10,449 |  10,841 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
|      Gross      Profit                                                                                                                                                                                                                                                                               |     5,539                              |     5,048                            |  11,957 |    9,376 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Selling      Expense                                                                                                                                                                                                                                                                                                          |     2,197                              |     1,969                            |    4,352 |    3,963 |
| General      and Administrative Expense                                                                                                                                                                                                                                                                                       |    1,588                                         |    1,556                                       |    3,547 |    2,719 |
| Engineering      Expense                                                                                                                                                                                                                                                                                                      |       647                         |       570                       |    1,231 |    1,119 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Operating      Profit                                                                                                                                                                                                                                                                                                         |    1,107                                         |       953                       |    2,827 |    1,575 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Interest      Income (Expense), Net                                                                                                                                                                                                                                                                                           |         (18)            |         27            |         (33) |        46 |
| Other      Income (Expense), Net                                                                                                                                                                                                                                                                                              |           (9) |         85            |         (10) |        75 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Income      Before Income Taxes                                                                                                                                                                                                                                                                                               |    1,080                                         |    1,065                                       |    2,784 |    1,696 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Income      Tax Expense                                                                                                                                                                                                                                                                                                       |       425                         |       426                       |     1,063 |       672 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Net      Income                                                                                                                                                                                                                                                                                                               |       655                         |       639                       |     1,721 |    1,024 |
|    Less:  Net      Loss attributable to the      Noncontrolling                                  Interest,      Net of Tax |           7   |           2 |          16 |           9 |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
|   Net      Income attributable to Omega Flex, Inc.                                                                                                                                                                                                                                                                  |  $   662                                    |  $   641                                  |  $1,737 |  $1,033 |
|                                                                                                                                                                                                                                                                                                                          | =====                                                           | =====                                                         |   ===== |   ===== |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Basic      Earnings per Common Share:                                                                                                                                                                                                                                                                                         |                                                            |                                                          |   |   |
|      Net      Income                                                                                                                                                                                                                                                                                 |    $0.07                                         |    $0.06                                       |    $0.17 |    $0.10 |
|                                                                                                                                                                                                                                                                                                                          | =====                                                           | =====                                                         | ===== | ===== |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
|      Basic      Weighted Average Shares Outstanding                                                                                                                                                                                                                                                  |  10,092                                                    |  10,092                                                  |  10,092 |  10,093 |
|                                                                                                                                                                                                                                                                                                                          | =====                                                           | =====                                                         | ===== | ===== |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
| Diluted      Earnings per Common Share:                                                                                                                                                                                                                                                                                       |                                                            |                                                          |   |   |
|      Net      Income                                                                                                                                                                                                                                                                                 |   $0.07                                               |   $0.06                                             |    $0.17 |    $0.10 |
|                                                                                                                                                                                                                                                                                                                          | =====                                                           | =====                                                         | ===== | ===== |
|                                                                                                                                                                                                                                                                                                                          |                                                            |                                                          |   |   |
|      Diluted      Weighted Average Shares Outstanding                                                                                                                                                                                                                                                | 10,092                                                          | 10,092                                                        |  10,092 |  10,093 |
|                                                                                                                                                                                                                                                                                                                          | =====                                                           | =====                                                         | ===== | ===== |

----

| For      the six-months      ended                              |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                             |                                June      30, |
|                                                                                                                                                                                                             | 2010   |      2009 |
|                                                                                                                                                                                                             |                (Dollars in      thousands)         |
| Cash      Flows from Operating Activities:                                                                                                                                                                       |   |   |
| Net      Income                                                                                                                                                                                                  | $1,721        |   $1,024 |
| Adjustments      to Reconcile Net Income to                                                                                                                                                                      |   |   |
|   Net      Cash Provided By Operating Activities:                                                                                                                                                      |   |         |
| Non-Cash      Compensation Expense                                                                                                                                                                               | 24  |         28 |
| Depreciation      and Amortization                                                                                                                                                                               | 315    |       236 |
| Provision      for Losses on Accounts Receivable, net of write-offs and      recoveries                                                                                                                          | 114    |         25 |
| Changes      in Assets and Liabilities:                                                                                                                                                                          |   |   |
| Accounts      Receivable                                                                                                                                                                                         | 87  |       862 |
| Inventory                                                                                                                                                                                                        |  (490)     |    3,029 |
| Accounts      Payable                                                                                                                                                                                            | 367    |       (915) |
| Accrued      Compensation                                                                                                                                                                                        | (152)    |    (1,690) |
| Other      Liabilities                                                                                                                                                                                           | (847)    |       (880) |
| Other      Assets                                                                                                                                                                                                |    (283)       |       204 |
|                                                                                                                                                                                                             |   |   |
| Net      Cash Provided by Operating Activities                                                                                                                                                                   |      856         |    1,923 |
|                                                                                                                                                                                                             |   |   |
| Cash      Flows from Investing Activities:                                                                                                                                                                       |   |   |
| Notes      Receivable from former Parent Company                                                                                                                                                                 | -    |    (3,250) |
| Capital      Expenditures                                                                                                                                                                                        |       (71)        |            (303) |
| Net      Cash Used in Investing Activities                                                                                                                                                                       |       (71)        |           (3,553)       |
|                                                                                                                                                                                                             |   |   |
| Cash      Flows from Financing Activities:                                                                                                                                                                       |   |   |
| Principal      repayments on Line of Credit, Net                                                                                                                                                                 | (2,003)      | - |
| Treasury      Stock Purchases                                                                                                                                                                                    |         -          |        (24) |
| Net      Cash Used in Financing Activities                                                                                                                                                                       |   (2,003)       |             (24) |
|                                                                                                                                                                                                             |   |   |
| Net  Decrease      in Cash and Cash Equivalents                                                                                                                                                        |   (1,218)       |   (1,654) |
| Translation      effect on cash                                                                                                                                                                                  |   (49)  |      159 |
| Cash      and Cash Equivalents – Beginning of Period                                                                                                                                                       |    1,881        |    9,773   |
|                                                                                                                                                                                                             |   |   |
| Cash      and Cash Equivalents – End of Period                                                                                                                                                             | $    614        | $8,278  |
|                                                                                                                                                                                                             | =====       | ===== |
|                                                                                                                                                                                                             |   |   |
| Supplemental      Disclosure of Cash Flow Information                                                                                                                                                            |   |   |
|                                                                                                                                                                                                             |   |   |
| Cash      paid for Income Taxes                                                                                                                                                                                  |      $1,830             |          $  669            |
|                                                                                                                                                                                                             | =====       |   =====  |
|                                                                                                                                                                                                             |   |   |
| Cash      paid for Interest                                                                                                                                                                                      |  $   148         | $    -     |
|                                                                                                                                                                                                             | =====      |   =====  |
|                                                                                                                                                                                                             |   |   |

----

1.  BASIS OF PRESENTATION AND DESCRIPTION OFBUSINESS

----

----

----

|                 | June      30,                                             | December      31,              |
|----------------------|-----------------------------------------------------------|--------------------------------|
|                 | 2010                                                      | 2009                           |
|                 |      (dollars      in thousands) |
|                 |                                                      |                           |
| Finished      Goods  |  $4,472                                              | $4,447                         |
| Raw      Materials   |    2,138                                   |   1,741              |
|                 |                                                      |                           |
| Total      Inventory |   $6,610                                        |   $6,188   |
|                 |                                                      |                           |

----

| §   | ownership      interest in the Company |
|--------------------|----------------------------------------|

| §   | shareholder      voting rights |
|--------------------|--------------------------------|

| §   | dividends      or distributions |
|--------------------|---------------------------------|

| §   | other      incidents of ownership to the Company’s common  stock |
|--------------------|------------------------------------------------------------------------|

----

----

|                                                  | Units                                                       | Weighted      Average Grant      Date Fair Value |
|-------------------------------------------------------|-------------------------------------------------------------|--------------------------------------------------|
| Number      of Phantom Stock Unit Awards:             |                                                        |                                             |
|   Nonvested      at December 31, 2009       | 12,937                                                      | $14.77                                           |
|      Granted                 |   8,100                                           | $  8.49                                |
|      Vested                  |   (5,482)                                         | ($15.30)                                         |
|      Forfeited               |       (---)    | ($---)                                           |
|      Canceled                |    (---)                                     | ($---)                                           |
|                                                  |                                                        |                                             |
| Nonvested      at June 30, 2010                       | 15,555                                                      | $11.32                                           |
|                                                  | =====                                                       |        =====                           |
|  Phantom      Stock Unit Awards Expected to Vest | 15,555                                                      | $11.32                                           |
|                                                  |  =====                                                 |  =====                                      |

----

----

----

----

|                  | Three-months ended June  30, |
|-----------------------|------------------------------|
|                  | (in      thousands)          |
|                  |                         |   |   |   |
|                  | 2010                         | 2010 | 2009 | 2009 |
|                  | ($000)                       | % | ($000) | % |
| Net      Sales        | $10,715                      | 100.0% | $10,124 | 100.0% |
| Gross      Profit     | $  5,539           |   51.7% | $  5,048 |   49.9% |
| Operating      Profit | $       1,107           |   10.3% | $     953 |         9.4% |

----

|                  | Six-months ended June30, |
|-----------------------|--------------------------|
|                  | (in      thousands)      |
|                  |                     |   |   |   |
|                  | 2010                     | 2010 | 2009 | 2009 |
|                  | ($000)                   | % | ($000) | % |
| Net      Sales        | $22,406                  | 100.0% | $20,217 | 100.0% |
| Gross      Profit     | $11,957                  |   53.4% | $  9,376 |   46.4% |
| Operating      Profit | $  2,827       |   12.6% | $  1,575 |     7.8% |

----

----

----

----

----

----

----

----

| 1.   | To      elect three Class 2 directors for a three year term expiring at the 2013      annual meeting of shareholders. |
|----------------|-----------------------------------------------------------------------------------------------------------------------|

| 2.   | To      ratify the appointment by the audit committee of the board of directors of      Caturano & Co., Ltd. as the independent auditors for the Company for      the fiscal year ending December 31,2010. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.     |          Election of Directors                                                                                                                                                                                                                     |      |      |          |      |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|-----------|---------------|-----------|
|   |                                                                                                                                                                                                                                                              |      | For       | Against       | Non-votes |
|   |                                                                                                                                                                                                                                                              |      |      |          |      |
|   |         J.      Nicholas Filler                                                                                                                                                                                           |      | 8,785,630 |  13,297  | 1,004,771 |
|   |         Bruce      C. Klink                                                                                                                                                                                               |      | 8,781,790 |  17,137  | 1,004,771 |
|   |         Edward      J. Trainor                                                                                                                                                                                            |      | 8,336,745 | 462,182  | 1,004,771 |
|   |                                                                                                                                                                                                                                                              |      |      |          |      |
| 2.     |      To      ratify the appointment of Caturano & Co., Ltd.     as  the      independent auditors for the Company for     the      fiscal year ending December 31, 2010: |      |      |
|   |                                                                                                                                                                                                                                                              |      |      |          |      |
|   |         For                                                                                                                                                                                                               | 9,798,734 |      |          |      |
|   |         Against                                                                                                                                                                                                           | 3,093     |      |          |      |
|   |         Abstain                                                                                                                                                                                                           | 1,871     |      |          |      |

----

|   |    |   |   |   |
|--------|--------------|--------|--------|--------|

| 31.1 | Certification      of Chief Executive Officer of Omega Flex, Inc. pursuant to Rule 15d-14(a)      promulgated under the Securities Exchange Act of 1934, as      amended. |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 31.2 | Certification      of Chief Financial Officer of Omega Flex, Inc. pursuant to 15d-14(a)      promulgated under the Securities Exchange Act of 1934, as      amended. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 32.1 | Certification      of Chief Executive Officer and Chief Financial Officer of Omega Flex,      Inc., pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section      906 of the Sarbanes-Oxley Act of2002. |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                      |                                                                                                                                                                                                                                                    |
|---------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      | OMEGA      FLEX, INC.                                                                                                                                                                                                                                   |
|                      | (Registrant)                                                                                                                                                                                                                                            |
|                      |                                                                                                                                                                                                                                                    |
| Date:      August 5, 2010 | By: /S/ Paul J.      Kane                                      |
|                      | Paul      J. Kane                                                                                                                                                                                                                                       |
|                      | Vice      President – Finance                                                                                                                                                                                                                     |
|                      | and      Chief Financial Officer                                                                                                                                                                                                                        |