10-K Filing

PROFIRE ENERGY INC CIK: 1289636 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001038838-13-000261`
Period End Date	20130331
Filing Date	20130701
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	pfie-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 58 Cash Flow Statement 48 Stockholders Equity 18

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$808.77K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$4.24M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$5.88M	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`	-	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`	$840.00	USD	Point-in-time
Inventories	`InventoryNet`	$3.46M	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$1.97M	USD	Point-in-time
Preferred stock, outstanding shares	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsNet`	-	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, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$1.97K	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, authorized shares	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock, issued shares	`CommonStockSharesIssued`	45.25M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$8.14M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$10.15M	USD	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
Common stock, outstanding shares	`CommonStockSharesOutstanding`	45.25M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$2.23M	USD	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$1.98M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$10.13M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$12.39M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$645.22K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.50M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$189.49K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$251.14K	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiability`	-	USD	Point-in-time
Deferred income tax liability	`DeferredIncomeTaxLiability`	$72.86K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$597.83K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$161.55K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.92M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.49M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.92M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$1.49M	USD	Point-in-time
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common shares: $0.001 par value, 100,000,000 shares authorized: 45,250,000 and 45,000,000 shares issued and outstanding, respectively	`CommonStockValue`	$45.00K	USD	Point-in-time
Common shares: $0.001 par value, 100,000,000 shares authorized: 45,250,000 and 45,000,000 shares issued and outstanding, respectively	`CommonStockValue`	$45.25K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$585.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$74.34K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$484.69K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$371.47K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$9.46M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.03M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$8.63M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$10.46M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.51M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$10.13M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$12.39M	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Sales of goods, net	`SalesRevenueGoodsNet`	$14.88M	USD	Annual
Sales of goods, net	`SalesRevenueGoodsNet`	$15.74M	USD	Annual
Sales of services, net	`SalesRevenueServicesNet`	$1.15M	USD	Annual
Sales of services, net	`SalesRevenueServicesNet`	$1.05M	USD	Annual
Total Revenues	`SalesRevenueNet`	$16.89M	USD	Annual
Total Revenues	`SalesRevenueNet`	$15.93M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$7.03M	USD	Annual
Cost of goods sold	`CostOfGoodsSold`	$6.17M	USD	Annual
Cost of goods sold - services	`CostOfServices`	$717.80K	USD	Annual
Cost of goods sold - services	`CostOfServices`	$1.04M	USD	Annual
Total Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$8.08M	USD	Annual
Total Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$6.89M	USD	Annual
GROSS PROFIT	`GrossProfit`	$8.81M	USD	Annual
GROSS PROFIT	`GrossProfit`	$9.04M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.80M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.75M	USD	Annual
Payroll expenses	`LaborAndRelatedExpense`	$1.76M	USD	Annual
Payroll expenses	`LaborAndRelatedExpense`	$2.66M	USD	Annual
Loss on sale of fixed assets	`LossOnSaleOfFixedAssets`	-	USD	Annual
Loss on sale of fixed assets	`LossOnSaleOfFixedAssets`	$-13.94K	USD	Annual
Depreciation expense	`DepreciationNonproduction`	$159.42K	USD	Annual
Depreciation expense	`DepreciationNonproduction`	$195.07K	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$6.66M	USD	Annual
Total Operating Expenses	`OperatingExpenses`	$4.67M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$2.15M	USD	Annual
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$4.37M	USD	Annual
Interest expense	`InterestExpense`	$20.37K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Permanent impairment of available for sale securities	`PermanentImpairmentOfAvailableForSaleSecurities`	-	USD	Annual
Permanent impairment of available for sale securities	`PermanentImpairmentOfAvailableForSaleSecurities`	$-8.44K	USD	Annual
Rental income	`RentalIncomeNonoperating`	$629.00	USD	Annual
Rental income	`RentalIncomeNonoperating`	$3.60K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$375.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$25.94K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$18.13K	USD	Annual
Total Other Income (Expense)	`NonoperatingIncomeExpense`	$-16.39K	USD	Annual
NET INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.16M	USD	Annual
NET INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.35M	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$730.90K	USD	Annual
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$1.16M	USD	Annual
NET INCOME	`NetIncomeLoss`	$3.19M	USD	Annual
NET INCOME	`NetIncomeLoss`	$1.43M	USD	Annual
OTHER COMPREHENSIVE INCOME UNREALIZED HOLDING LOSS ON AVAILABLE FOR SALE SECURITIES LESS: RECLASSIFICATION ADJUSTMENT FOR NET LOSS INCLUDED IN NET INCOME	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
OTHER COMPREHENSIVE INCOME UNREALIZED HOLDING LOSS ON AVAILABLE FOR SALE SECURITIES LESS: RECLASSIFICATION ADJUSTMENT FOR NET LOSS INCLUDED IN NET INCOME	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.44K	USD	Annual
NET LOSS INCLUDED IN NET INCOME	`NetLossIncludedInNetIncome`	-	USD	Annual
NET LOSS INCLUDED IN NET INCOME	`NetLossIncludedInNetIncome`	$8.44K	USD	Annual
FOREIGN CURRENCY TRANSLATION ADJUSTMENT	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-121.66K	USD	Annual
FOREIGN CURRENCY TRANSLATION ADJUSTMENT	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-147.06K	USD	Annual
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.04M	USD	Annual
TOTAL COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$1.32M	USD	Annual
BASIC EARNINGS PER SHARE	`EarningsPerShareBasic`	$0.07	USD	Annual
BASIC EARNINGS PER SHARE	`EarningsPerShareBasic`	$0.03	USD	Annual
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.03	USD	Annual
FULLY DILUTED EARNINGS PER SHARE	`EarningsPerShareDiluted`	$0.07	USD	Annual
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	45.11M	shares	Annual
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	45.00M	shares	Annual
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.37M	shares	Annual
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	45.22M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$3.19M	USD	Annual
Net Income	`NetIncomeLoss`	$1.43M	USD	Annual
Depreciation expense	`Depreciation`	$243.84K	USD	Annual
Depreciation expense	`Depreciation`	$198.71K	USD	Annual
Loss on sale of equipment	`GainLossOnDispositionOfAssets`	$13.94K	USD	Annual
Loss on sale of equipment	`GainLossOnDispositionOfAssets`	-	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$46.20K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$69.97K	USD	Annual
Stock issued for services	`StockIssuedForServicesAmount`	-	USD	Annual
Stock issued for services	`StockIssuedForServicesAmount`	$345.45K	USD	Annual
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$80.53K	USD	Annual
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$166.19K	USD	Annual
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-2.05M	USD	Annual
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-1.49M	USD	Annual
Changes in deferred tax asset	`ChangesInDeferredTaxAsset`	-	USD	Annual
Changes in deferred tax asset	`ChangesInDeferredTaxAsset`	$12.57K	USD	Annual
Changes in inventories	`IncreaseDecreaseInInventories`	$-703.22K	USD	Annual
Changes in inventories	`IncreaseDecreaseInInventories`	$-1.53M	USD	Annual
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$8.22K	USD	Annual
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.34K	USD	Annual
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$498.98K	USD	Annual
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$736.34K	USD	Annual
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-377.00K	USD	Annual
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$354.47K	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-370.59K	USD	Annual
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.60M	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$13.77K	USD	Annual
Proceeds from sale of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	-	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.49M	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$550.62K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.49M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-536.85K	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-198.66K	USD	Annual
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$108.98K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$225.49K	USD	Annual
NET INCREASE (DECREASE) IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.11M	USD	Annual
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$808.77K	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.69M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$808.77K	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Interest	`InterestPaid`	$20.37K	USD	Annual
Interest	`InterestPaid`	-	USD	Annual
Income taxes	`IncomeTaxesPaid`	$703.62K	USD	Annual
Income taxes	`IncomeTaxesPaid`	$294.62K	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance - Shares	`SharesIssued`	0.00	shares	Point-in-time
Beginning Balance - Amount	`StockholdersEquity`	$8.63M	USD	Point-in-time
Beginning Balance - Amount	`StockholdersEquity`	$10.46M	USD	Point-in-time
Beginning Balance - Amount	`StockholdersEquity`	$5.51M	USD	Point-in-time
Fair value of options vested	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1`	$166.19K	USD	Annual
Fair value of options vested	`SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1`	$80.53K	USD	Annual
Stock issued for services - Amount	`StockIssuedForServicesAmount`	-	USD	Annual
Stock issued for services - Amount	`StockIssuedForServicesAmount`	$345.45K	USD	Annual
Unrealized holding gains on available for sale securities	`AvailableForSaleSecuritiesChangeInNetUnrealizedHoldingGainLoss`	$-2.44K	USD	Annual
Reclassification for net loss included in net income	`ReclassificationForNetLossIncludedInNetIncome`	$8.44K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-121.66K	USD	Annual
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-147.06K	USD	Annual
Net income	`NetIncomeLoss`	$3.19M	USD	Annual
Net income	`NetIncomeLoss`	$1.43M	USD	Annual
Ending Balance, Shares	`SharesIssued`	0.00	shares	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$8.63M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$10.46M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$5.51M	USD	Point-in-time

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