10-Q Filing

PROFIRE ENERGY INC CIK: 1289636 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001038838-11-000235`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	pfie-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 55 Cash Flow Statement 43 Stockholders Equity 17

Balance Sheet 59 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$996.79K	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.29M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$2.68M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Marketable securities-available for sale	`AvailableForSaleSecuritiesCurrent`	$3.72K	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities-available for sale	`AvailableForSaleSecuritiesCurrent`	$3.31K	USD	Point-in-time
Inventories	`InventoryNet`	$1.78M	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$1.30M	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$885.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.29M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$5.46M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$710.46K	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$1.68M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	45.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	45.00M	shares	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	45.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$6.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.14M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	45.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$206.58K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$290.64K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$48.20K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$36.14K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$533.41K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$243.36K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$486.08K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$872.25K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$486.08K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$872.25K	USD	Point-in-time
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issues and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issues and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common shares: $0.001 par value,100,000,000 shares authorized: 45,000,000 shares issues and outstanding	`CommonStockValue`	$45.00K	USD	Point-in-time
Common shares: $0.001 par value,100,000,000 shares authorized: 45,000,000 shares issues and outstanding	`CommonStockValue`	$45.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$-6.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$13.95K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$594.89K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$634.20K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.61M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$3.48M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.51M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$6.27M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$7.14M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$6.00M	USD	Point-in-time

Income Statement 55 line items

Line Item	Tag	Value	Unit	Period
Sales of goods, net	`SalesRevenueGoodsNet`	$2.41M	USD	1 Quarter
Sales of goods, net	`SalesRevenueGoodsNet`	$636.39K	USD	1 Quarter
Sales of services, net	`SalesRevenueServicesNet`	$275.44K	USD	1 Quarter
Sales of services, net	`SalesRevenueServicesNet`	$135.23K	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$2.68M	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$771.62K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$209.94K	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$776.07K	USD	1 Quarter
Cost of goods sold - services	`CostOfServices`	$206.64K	USD	1 Quarter
Cost of goods sold - services	`CostOfServices`	$119.28K	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$982.71K	USD	1 Quarter
Total Cost of Sales	`CostOfGoodsAndServicesSold`	$329.22K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.70M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$442.40K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$360.64K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$283.68K	USD	1 Quarter
Payroll expenses	`LaborAndRelatedExpense`	$177.93K	USD	1 Quarter
Payroll expenses	`LaborAndRelatedExpense`	$305.31K	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$18.87K	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$43.56K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$632.56K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$557.44K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.07M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$-115.04K	USD	1 Quarter
Interest expense	`InterestExpense`	$2.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.62K	USD	1 Quarter
Rental income	`RentalIncomeNonoperating`	$3.60K	USD	1 Quarter
Rental income	`RentalIncomeNonoperating`	-	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$818.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$276.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$259.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.81K	USD	1 Quarter
NET INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-116.85K	USD	1 Quarter
NET INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.07M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-25.42K	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$294.13K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-91.43K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$774.58K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$1.63M	USD	Annual
UNREALIZED HOLDING GAIN (LOSS) ON AVAILABLE FOR SALE SECURITIES	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.08K	USD	Annual
UNREALIZED HOLDING GAIN (LOSS) ON AVAILABLE FOR SALE SECURITIES	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$423.00	USD	1 Quarter
UNREALIZED HOLDING GAIN (LOSS) ON AVAILABLE FOR SALE SECURITIES	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.47K	USD	1 Quarter
FOREIGN CURRENCY TRANSLATION GAIN (LOSS)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-91.43K	USD	1 Quarter
FOREIGN CURRENCY TRANSLATION GAIN (LOSS)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$365.86K	USD	Annual
FOREIGN CURRENCY TRANSLATION GAIN (LOSS)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-39.73K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$735.27K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$-185.33K	USD	1 Quarter
BASIC EARNINGS PER SHARE	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
BASIC EARNINGS PER SHARE	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$-0.00	USD	1 Quarter
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	45.00M	shares	1 Quarter
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	45.00M	shares	1 Quarter
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.00M	shares	1 Quarter
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.26M	shares	1 Quarter

Cash Flow Statement 43 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$-91.43K	USD	1 Quarter
Net income	`NetIncomeLoss`	$774.58K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.63M	USD	Annual
Depreciation expense	`Depreciation`	$17.87K	USD	1 Quarter
Depreciation expense	`Depreciation`	$43.56K	USD	1 Quarter
Bad debt expense	`BadDebtExpense`	-	USD	1 Quarter
Bad debt expense	`BadDebtExpense`	$6.91K	USD	1 Quarter
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.06K	USD	1 Quarter
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$20.13K	USD	1 Quarter
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$251.54K	USD	1 Quarter
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-401.75K	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$-491.53K	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$-46.01K	USD	1 Quarter
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-6.32K	USD	1 Quarter
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$887.00	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$98.31K	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$36.37K	USD	1 Quarter
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-24.18K	USD	1 Quarter
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$294.13K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$338.32K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$154.82K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$88.69K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.02M	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-88.69K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.02M	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
CASH FLOWS FROM FINANCING ACTIVITIES	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-40.52K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.33K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$25.61K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-692.60K	USD	1 Quarter
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$996.79K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.93M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.96M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$996.79K	USD	Point-in-time
Interest	`InterestPaid`	$2.62K	USD	1 Quarter
Interest	`InterestPaid`	$3.62K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Begnning Balance, Amount	`StockholdersEquity`	$3.48M	USD	Point-in-time
Begnning Balance, Amount	`StockholdersEquity`	$5.51M	USD	Point-in-time
Begnning Balance, Amount	`StockholdersEquity`	$6.27M	USD	Point-in-time
Fair value of options vested	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$20.13K	USD	1 Quarter
Fair value of options vested	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$45.26K	USD	Annual
Unrealized holding gains on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-4.08K	USD	Annual
Unrealized holding gains on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$423.00	USD	1 Quarter
Unrealized holding gains on available for sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.47K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-91.43K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$365.86K	USD	Annual
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease`	$-39.73K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-91.43K	USD	1 Quarter
Net income	`NetIncomeLoss`	$774.58K	USD	1 Quarter
Net income	`NetIncomeLoss`	$1.63M	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$3.48M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.51M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$6.27M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.