10-Q/A Filing

PROFIRE ENERGY INC CIK: 1289636 Q1 2012

Filing Information

Form Type	10-Q/A
Accession Number	`0001038838-12-000243`
Period End Date	20120630
Filing Date	20120824
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	pfie-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 52 Cash Flow Statement 42

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$996.79K	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$3.65M	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.24M	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Marketable securities-available for sale	`AvailableForSaleSecuritiesCurrent`	$817.00	USD	Point-in-time
Marketable securities-available for sale	`AvailableForSaleSecuritiesCurrent`	$840.00	USD	Point-in-time
Preferred stock, issued shares	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$2.08M	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$1.97M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNet`	$12.57K	USD	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNet`	$12.57K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$43.84K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.20K	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	45.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.14M	USD	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	45.06M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.52M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	45.06M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$2.04M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$1.98M	USD	Point-in-time
Common stock, outstanding shares	`CommonStockSharesOutstanding`	45.00M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$10.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.56M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$645.22K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$549.77K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$247.31K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$251.14K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$597.83K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$614.75K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.41M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.49M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.49M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.41M	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: 45,060,000 and 45,000,000 shares issued and outstanding,respectively	`CommonStockValue`	$45.06K	USD	Point-in-time
Common shares: $0.001 par value, 100,000,000 shares authorized: 45,060,000 and 45,000,000 shares issued and outstanding,respectively	`CommonStockValue`	$45.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$74.34K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$184.41K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$321.87K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$484.69K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.59M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$9.14M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.63M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$10.56M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$10.13M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Sales of goods, net	`SalesRevenueGoodsNet`	$2.41M	USD	1 Quarter
Sales of goods, net	`SalesRevenueGoodsNet`	$3.45M	USD	1 Quarter
Sales of services, net	`SalesRevenueServicesNet`	$225.77K	USD	1 Quarter
Sales of services, net	`SalesRevenueServicesNet`	$275.44K	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$2.68M	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$3.68M	USD	1 Quarter
Cost of goods sold-products	`CostOfGoodsSold`	$776.07K	USD	1 Quarter
Cost of goods sold-products	`CostOfGoodsSold`	$1.33M	USD	1 Quarter
Cost of goods sold - services	`CostOfServices`	$206.64K	USD	1 Quarter
Cost of goods sold - services	`CostOfServices`	$172.72K	USD	1 Quarter
Total Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$1.50M	USD	1 Quarter
Total Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$982.71K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$2.18M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.70M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$283.68K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.00M	USD	1 Quarter
Payroll expenses	`LaborAndRelatedExpense`	$305.31K	USD	1 Quarter
Payroll expenses	`LaborAndRelatedExpense`	$372.35K	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$46.46K	USD	1 Quarter
Depreciation expense	`DepreciationNonproduction`	$43.56K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$632.56K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.42M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$1.07M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$754.87K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.25K	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`	$69.00	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$276.00	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-1.18K	USD	1 Quarter
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$259.00	USD	1 Quarter
NET INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$753.68K	USD	1 Quarter
NET INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.07M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$187.95K	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$294.13K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$565.74K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$774.58K	USD	1 Quarter
UNREALIZED HOLDING GAIN ON AVAILABLE FOR SALE SECURITIES	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$423.00	USD	1 Quarter
UNREALIZED HOLDING GAIN ON AVAILABLE FOR SALE SECURITIES	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
FOREIGN CURRENCY TRANSLATION LOSS	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-162.82K	USD	1 Quarter
FOREIGN CURRENCY TRANSLATION LOSS	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-39.73K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$735.27K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$402.92K	USD	1 Quarter
BASIC EARNINGS PER SHARE	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
BASIC EARNINGS PER SHARE	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.02	USD	1 Quarter
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	45.03M	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`	45.26M	shares	1 Quarter
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.13M	shares	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$565.74K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$774.58K	USD	1 Quarter
Depreciation expense	`Depreciation`	$43.56K	USD	1 Quarter
Depreciation expense	`Depreciation`	$52.14K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	$90.00K	USD	1 Quarter
Common stock issued for services	`CommonStockIssuedForServices`	-	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$9.95K	USD	1 Quarter
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$20.13K	USD	1 Quarter
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$20.13K	USD	1 Quarter
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-472.24K	USD	1 Quarter
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$401.75K	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$-207.32K	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$-491.53K	USD	1 Quarter
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$887.00	USD	1 Quarter
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-33.66K	USD	1 Quarter
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.31K	USD	1 Quarter
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-80.16K	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$294.13K	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$26.57K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$915.63K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$338.32K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.02M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$151.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-151.00K	USD	1 Quarter
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.02M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$50.81K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-12.33K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$815.43K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-692.60K	USD	1 Quarter
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$996.79K	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
CASH AT BEGINNING OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$996.79K	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$2.73M	USD	Point-in-time
CASH AT END OF YEAR	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Interest	`InterestPaid`	$3.62K	USD	1 Quarter
Interest	`InterestPaid`	$1.25K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$171.03K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter

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