|   | 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, 2011 (unaudited)                                                                                                                                                                                               |     |
|             and December 31, 2010 (unaudited)                                                                                                                                                        | 3        |
|                                                                                                                                                                                                                                                             |     |
| Condensed consolidated statements of income for the                                                                                                                                                                                                              |     |
|             three-months ended June 30, 2011 and 2010 (unaudited) and the            six-months ended June 30, 2011 and 2010 (unaudited) | 4        |
|                                                                                                                                                                                                                                                             |     |
| Condensed consolidated statements of cash flows for the                                                                                                                                                                                                          |     |
|             six-months ended June 30, 2011 and 2010 (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                                                                                                                                                                                       | 23       |
|                                                                                                                                                                                                                                                             |     |
| Item 4 – Controls and Procedures                                                                                                                                                                                                                           | 23       |
|                                                                                                                                                                                                                                                             |     |
| PART II - OTHER INFORMATION                                                                                                                                                                                                                                      |     |
|                                                                                                                                                                                                                                                             |     |
| Item 1 – Legal Proceedings                                                                                                                                                                                                                                 | 23       |
|                                                                                                                                                                                                                                                             |     |
| Item 4 – Submission of Matter to a Vote of the Security Holders                                                                                                                                                                                            | 24       |
|                                                                                                                                                                                                                                                             |     |
| Item 6 - Exhibits                                                                                                                                                                                                                                                | 25       |
|                                                                                                                                                                                                                                                             |     |
| SIGNATURE                                                                                                                                                                                                                                                        | 26       |

----

|                                                                                                                                                                                                                                                                      | June 30,                                                        |   | December 31,                                                          |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|--------|-----------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                      | 2011                                                            |   | 2010                                                                  |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|                                                                                                                                                                                                                                                                      | (Dollars in thousands)                                          |
| ASSETS                                                                                                                                                                                                                                                                    |                                                            |   |                                                                  |
| Current Assets                                                                                                                                                                                                                                                            |                                                            |   |                                                                  |
|      Cash and Cash Equivalents                                                                                                                                                                                                                   | $1,802                                                          |   |   $2,209                                                    |
|      Accounts Receivable - less allowances of                                                                                                                                                                                                    |                                                            |   |                                                                  |
|           $533 and $644, respectively                                                                                                                                                                                   |   7,771                                               |   |     7,314                                         |
|      Inventories-Net                                                                                                                                                                                                                             |   6,651                                               |   |     6,016                                         |
|      Deferred Taxes                                                                                                                                                                                                                              |      866                               |   |        859                         |
|      Other Current Assets                                                                                                                                                                                                                        |      471                               |   |        644                         |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|                Total Current Assets                                                                                                                                                            | 17,561                                                          |   |   17,042                                                    |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
| Property and Equipment - Net                                                                                                                                                                                                                                              |    5,570                                         |   |     5,784                                         |
| Goodwill                                                                                                                                                                                                                                                                  |    3,526                                         |   |     3,526                                         |
| Other Long Term Assets                                                                                                                                                                                                                                                    |        752              |   |        706                         |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|                Total Assets                                                                                                                                                                    | $27,409                                                         |   | $27,058                                                               |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
| Current Liabilities:                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|   Accounts Payable                                                                                                                                                                                                                                              |   $1,069                                              |   |      $856                                    |
|   Accrued Compensation                                                                                                                                                                                                                                          |        834                   |   |     1,433                                         |
|   Accrued Commissions and Sales Incentives                                                                                                                                                                                                                      |     1,297                                   |   |     2,410                                         |
|   Taxes Payable                                                                                                                                                                                                                                                 |         69                   |   |        215                         |
|   Other Liabilities                                                                                                                                                                                                                                             |     1,865                                   |   |     1,769                                         |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|                Total Current Liabilities                                                                                                                                                       |     5,134                                   |   |     6,683                                         |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
| Deferred Taxes                                                                                                                                                                                                                                                            |     1,103                                   |   |     1,217                                         |
| Other Long Term Liabilities                                                                                                                                                                                                                                               |        846                   |   |        892                         |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|                Total Liabilities                                                                                                                                                               |    7,083                                         |   |     8,792                                         |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
| Shareholders’ 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, 2011 and December 31, 2010, respectively |       102                         |   |        102                         |
|    Treasury Stock                                                                                                                                                                                                                                          |           (1) |   |            (1) |
|    Paid-in Capital                                                                                                                                                                                                                                         |  10,808                                                    |   |   10,808                                                    |
|    Retained Earnings                                                                                                                                                                                                                                       |    9,734                                         |   |     7,750                                         |
|    Accumulated Other Comprehensive Loss                                                                                                                                                                                                                    |       (435)                            |   |        (519)                       |
|                Total Omega Flex, Inc. Shareholders’ Equity                                                                                                                               |   20,208                                              |   |    18,140                                              |
|  Noncontrolling Interest                                                                                                                                                                                                                                             |        118              |   |         126              |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|                Total Shareholders’ Equity                                                                                                                                                |   20,326                                         |   |    18,266                                              |
|                                                                                                                                                                                                                                                                      |                                                            |   |                                                                  |
|                Total Liabilities and Shareholders’ Equity                                                                                                                                |  $27,409                                                   |   | $27,058                                                               |

----

|                                                                                                                                                                                                                                   | For the three-months ended                                     |   | For the six-months ended                                        |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------|--------|-----------------------------------------------------------------|
|                                                                                                                                                                                                                                   | June 30,                                                       |   | June 30,                                                        |
|                                                                                                                                                                                                                                   | 2011                                                           |   | 2010                                                            |   | 2011 |   | 2010 |
| (Amounts in thousands, except earnings per Common Share)                              |
| Net Sales                                                                                                                                                                                                                              | $13,387                                                        |   | $10,715                                                         |   | $24,885 |   | $22,406 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Cost of Goods Sold                                                                                                                                                                                                                     |     6,570                                  |   |     5,176                                   |   |  12,114 |   |  10,449 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|      Gross Profit                                                                                                                                                                                             |     6,817                                  |   |     5,539                                   |   |  12,771 |   |  11,957 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Selling Expense                                                                                                                                                                                                                        |     2,690                                  |   |     2,197                                   |   |    5,048 |   |    4,352 |
| General and Administrative Expense                                                                                                                                                                                                     |    1,677                                        |   |    1,588                                         |   |    3,421 |   |    3,547 |
| Engineering Expense                                                                                                                                                                                                                    |       648                        |   |       647                         |   |    1,236 |   |    1,231 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Operating Profit                                                                                                                                                                                                                       |    1,802                                        |   |    1,107                                         |   |    3,066 |   |    2,827 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Interest Income (Expense), Net                                                                                                                                                                                                         |         4              |   |         (18)            |   |           6 |   |         (33) |
| Other Income (Expense), Net                                                                                                                                                                                                            |         24   |   |           (9) |   |         52 |   |         (10) |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Income Before Income Taxes                                                                                                                                                                                                             |    1,830                                        |   |    1,080                                         |   |    3,124 |   |    2,784 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Income Tax Expense                                                                                                                                                                                                                     |       671                        |   |       425                         |   |     1,153 |   |     1,063 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Net Income                                                                                                                                                                                                                             |       1,159       |   |       655                         |   |     1,971 |   |     1,721 |
|    Less:  Net Loss attributable to the Noncontrolling Interest, Net of Tax                                                                                                                               |           6  |   |           7   |   |          13 |   |          16 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|   Net Income attributable to Omega Flex, Inc.                                                                                                                                                                                |  $1,165                                                   |   |  $   662                                    |   |  $1,984 |   |  $1,737 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Basic Earnings per Common Share:                                                                                                                                                                                                       |                                                           |   |                                                            |   |   |   |   |
|      Earnings per Share                                                                                                                                                                                       |    $0.12                                        |   |    $0.07                                         |   |    $0.20 |   |    $0.17 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|      Basic Weighted-Average Shares Outstanding                                                                                                                                                                |  10,092                                                   |   |  10,092                                                    |   |  10,092 |   |  10,092 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
| Diluted Earnings per Common Share:                                                                                                                                                                                                     |                                                           |   |                                                            |   |   |   |   |
|      Earnings per Share                                                                                                                                                                                       |   $0.12                                              |   |   $0.07                                               |   |    $0.20 |   |    $0.17 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |
|      Diluted Weighted-Average Shares Outstanding                                                                                                                                                              | 10,092                                                         |   | 10,092                                                          |   |  10,092 |   |  10,092 |
|                                                                                                                                                                                                                                   |                                                           |   |                                                            |   |   |   |   |

----

|                                                                                                                                          | For the six-months ended                                                         |
|-----------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------|
|                                                                                                                                          | June 30,                                                                         |
|                                                                                                                                          | 2011                                                                             |   |      2010 |
|                                                                                                                                          | (Dollars in thousands)                                                           |
| Cash Flows from Operating Activities:                                                                                                         |                                                                             |   |   |
|    Net Income                                                                                                                  | $1,971                                                                      |   | $1,721  |
| Adjustments to Reconcile Net Income to                                                                                                        |                                                                             |   |   |
|    Net Cash Provided By Operating Activities:                                                                                  |                                                                             |   |   |
|          Non-Cash Compensation Expense                                                           | 12                                                                          |   | 24  |
|          Depreciation and Amortization                                                           | 319                                                                         |   | 315  |
|          Provision for Losses on Accounts Receivable, net of write-offs and recoveries           | (117)                                                                            |   | 114  |
|          Changes in Assets and Liabilities:                                                      |                                                                             |   |   |
|             Accounts Receivable                                                   | (366)                                                                            |   | 87  |
|             Inventory                                                             | (594)                                                                            |   |  (490) |
|             Accounts Payable                                                      | 231                                                                         |   | 367  |
|             Accrued Compensation                                                  | (600)                                                                            |   | (152) |
|             Accrued Commissions and Sales Incentives                              | (1,113)                                                                          |   | (292) |
|             Other Liabilities                                                     | (229)                                                                            |   | (555) |
|             Other Assets                                                          | 124                                                                         |   | (283) |
|                Net Cash (Used In) Provided by Operating Activities | (362)                                                                            |   | 856  |
|                                                                                                                                          |                                                                             |   |   |
| Cash Flows from Investing Activities:                                                                                                         |                                                                             |   |   |
|     Capital Expenditures                                                                                                  | (86)                                                                             |   | (71) |
|                Net Cash Used in Investing Activities               | (86)                                                                             |   | (71) |
|                                                                                                                                          |                                                                             |   |   |
| Cash Flows from Financing Activities:                                                                                                         |                                                                             |   |   |
|     Principal repayments on Line of Credit, Net                                                                           | -                                                                                |   | (2,003) |
|                Net Cash Used in Financing Activities               | -                                                                                |   | (2,003) |
|                                                                                                                                          |                                                                             |   |   |
| Net  Decrease in Cash and Cash Equivalents                                                                                          | (448)                                                                            |   | (1,218) |
| Translation effect on cash                                                                                                                    | 41                                                                          |   | (49) |
| Cash and Cash Equivalents – Beginning of Period                                                                                         | 2,209                                                                       |   | 1,881  |
|                                                                                                                                          |                                                                             |   |   |
| Cash and Cash Equivalents – End of Period                                                                                               | $1,802                                                                      |   | $   614  |
|                                                                                                                                          |                                                                             |   |   |
|                                                                                                                                          |                                                                             |   |   |
| Supplemental Disclosure of Cash Flow Information                                                                                              |                                                                             |   |   |
|                                                                                                                                          |                                                                             |   |   |
| Cash paid for Income Taxes                                                                                                                    |     $1,428                                              |   | $1,830  |
|                                                                                                                                          |                                                                             |   |   |
|                                                                                                                                          |                                                                             |   |   |
| Cash paid for Interest                                                                                                                        |     $         - |   | $   148  |
|                                                                                                                                          |                                                                             |   |   |

----

----

|            | June 30,               |   | December 31,      |
|-----------------|------------------------|--------|-------------------|
|            | 2011                   |   | 2010              |
|            | (dollars in thousands) |
|            |                   |   |              |
| Finished Goods  | $4,745                 |   | $4,297            |
| Raw Materials   |   1,906      |   |   1,719 |
|            |                   |   |              |
| Total Inventory | $6,651                 |   | $6,016            |

----

----

----

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

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

| §   | 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, 2010 | 15,555              |   | $11.01                                 |
|      Granted      |   8,100   |   |   $10.55           |
|      Vested       |   (7,274) |   | ($11.92)                               |
|      Forfeited    | (---)               |   | ($---)                                 |
|      Canceled     | (---)               |   | ($---)                                 |
|                                       |                |   |                                   |
| Nonvested at June 30, 2011                 | 16,381              |   | $10.38                                 |
|                                       |                |   |                                   |
| Phantom Stock Unit Awards Expected to Vest | 16,381              |   | $10.38                                 |

----

----

----

----

|             | Three-months ended June 30,(in thousands) |
|------------------|-------------------------------------------|
|             |
|             |                                      |   |   |   |   |   |   |
|             | 2011                                      |   | 2011 |   | 2010 |   | 2010 |
|             | ($000)                                    |   | % |   | ($000) |   | % |
| Net Sales        | $13,387                                   |   | 100.0% |   | $10,715 |   | 100.0% |
| Gross Profit     | $  6,817                        |   |   50.9% |   | $  5,539 |   |   51.7% |
| Operating Profit | $  1,802                             |   |   13.5% |   | $  1,107 |   |   10.3% |

|             | Six-months ended June 30,(in thousands) |
|------------------|-----------------------------------------|
|             |
|             |                                    |   |   |   |   |   |   |
|             | 2011                                    |   | 2011 |   | 2010 |   | 2010 |
|             | ($000)                                  |   | % |   | ($000) |   | % |
| Net Sales        | $24,885                                 |   | 100.0% |   | $22,406 |   | 100.0% |
| Gross Profit     | $12,771                                 |   |   51.3% |   | $11,957 |   |   53.4% |
| Operating Profit | $  3,066                      |   |   12.3% |   | $  2,827 |   |   12.6% |

----

----

----

----

----

| 1.   | To elect three Class 3 directors for a three year term expiring at the 2014 annual meeting of shareholders. |
|----------------|-------------------------------------------------------------------------------------------------------------|

| 2.   | To ratify the appointment by the audit committee of the board of directors of McGladrey & Pullen, LLP (McGladrey), as the independent auditors for the Company for the fiscal year ending December 31, 2011. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.     |     Election of Directors                                                                                                                                                                     |                                       |   |    |   |      |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------|--------|---------|--------|-----------|
|   |                                                                                                                                                                                                         | For                                        |   | Against |   | Non-votes |
|   |                                                                                                                                                                                                         |                                       |   |    |   |      |
|   |         John E. Reed                                                                                                                                                 | 6,826,652                                  |   | 28,452  |   | 1,235,812 |
|   |         Kevin R. Hoben                                                                                                                                               | 6,832,045                                  |   | 23,059  |   | 1,235,812 |
|   |         Mark F. Albino                                                                                                                                               | 6,832,085                                  |   | 23,019  |   | 1,235,812 |
|   |                                                                                                                                                                                                         |                                       |   |    |   |      |
|   | 2.    To ratify the appointment of McGladrey                                                                                                                                             |                                       |   |    |   |      |   |
|   |        as the independent auditors for        the Company for the fiscal year ending       December 31, 2011: |                                       |   |    |   |      |   |
|   |                                                                                                                                                                                                         |                                       |   |    |   |      |
|   |               For                                                                                                                                | 8,080,290                                  |   |    |   |      |
|   |              Against                                                                                                                             |        9,250 |   |    |   |      |
|   |              Abstain                                                                                                                             |        1,376 |   |    |   |      |

----

| 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 of 2002. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                 |                           |
|----------------------|--------------------------------|
|                 | OMEGA FLEX, INC.               |
|                 | (Registrant)                   |
|                 |                           |
| Date: August 3, 2011 | By: /S/ Paul J. Kane           |
|                 | Paul J. Kane                   |
|                 | Vice President – Finance |
|                 | and Chief Financial Officer    |