10-Q Filing

PROFIRE ENERGY INC CIK: 1289636 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001096906-15-000876`
Period End Date	20150630
Filing Date	20150810
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	pfie-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 59 Cash Flow Statement 48

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
Preferred stock par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.57M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.46M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$7.00M	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$9.46M	USD	Point-in-time
Preferred stock shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Inventories	`InventoryNet`	$11.77M	USD	Point-in-time
Inventories	`InventoryNet`	$11.07M	USD	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Income tax receivable	`IncomeTaxReceivable`	$144.40K	USD	Point-in-time
Preferred stock shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseCurrent`	$112.74K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses & other current assets	`PrepaidExpenseCurrent`	$131.50K	USD	Point-in-time
Common stock par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$35.49M	USD	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock shares authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$35.54M	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	53.23M	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$501.92K	USD	Point-in-time
Common stock shares issued	`CommonStockSharesIssued`	53.20M	shares	Point-in-time
Deferred tax asset	`DeferredTaxAssetsLiabilitiesNet`	$535.13K	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	53.23M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$9.09M	USD	Point-in-time
Common stock shares outstanding	`CommonStockSharesOutstanding`	53.20M	shares	Point-in-time
PROPERTY AND EQUIPMENT, net	`PropertyPlantAndEquipmentNet`	$9.28M	USD	Point-in-time
Goodwill	`Goodwill`	$997.70K	USD	Point-in-time
Goodwill	`Goodwill`	$997.70K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$594.02K	USD	Point-in-time
Intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$577.87K	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.58M	USD	Point-in-time
Total Other Assets	`OtherAssets`	$1.59M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$46.74M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$46.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.04M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$604.73K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$594.53K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$332.23K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$355.89K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$347.49K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.72M	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$641.79K	USD	Point-in-time
Deferred income tax liability	`DeferredTaxLiabilitiesCurrent`	$631.35K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.35M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.20M	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: 53,226,720 and 53,199,136 shares issued and outstanding as of June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$53.20K	USD	Point-in-time
Common shares: $0.001 par value, 100,000,000 shares authorized: 53,226,720 and 53,199,136 shares issued and outstanding as of June 30, 2015 and March 31, 2015, respectively	`CommonStockValue`	$53.23K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.69M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.56M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.82M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$20.36M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$44.50M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$44.54M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$46.74M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$46.86M	USD	Point-in-time

Income Statement 59 line items

Line Item	Tag	Value	Unit	Period
Sales of goods, net	`SalesRevenueGoodsNet`	$6.21M	USD	1 Quarter
Sales of goods, net	`SalesRevenueGoodsNet`	$12.32M	USD	1 Quarter
Sales of services, net	`SalesRevenueServicesNet`	$665.27K	USD	1 Quarter
Sales of services, net	`SalesRevenueServicesNet`	$828.32K	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$6.88M	USD	1 Quarter
Total Revenues	`SalesRevenueNet`	$13.14M	USD	Annual
Total Revenues	`SalesRevenueNet`	$13.14M	USD	1 Quarter
Cost of goods sold-product	`CostOfGoodsSold`	$5.07M	USD	1 Quarter
Cost of goods sold-product	`CostOfGoodsSold`	$2.97M	USD	1 Quarter
Cost of goods sold-services	`CostOfServices`	$640.11K	USD	1 Quarter
Cost of goods sold-services	`CostOfServices`	$595.54K	USD	1 Quarter
Total Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$5.71M	USD	1 Quarter
Total Cost of Goods Sold	`CostOfGoodsAndServicesSold`	$3.56M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.31M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$7.44M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.98M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.41M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$271.23K	USD	Annual
Research and development	`ResearchAndDevelopmentExpense`	$271.23K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$304.49K	USD	1 Quarter
Payroll expenses	`LaborAndRelatedExpense`	$1.27M	USD	1 Quarter
Payroll expenses	`LaborAndRelatedExpense`	$1.46M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationNonproduction`	$107.45K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationNonproduction`	$124.72K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$4.07M	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$3.85M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$3.37M	USD	1 Quarter
INCOME (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-539.30K	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$18.64K	USD	1 Quarter
Other (expense) income	`OtherIncome`	$3.12K	USD	1 Quarter
Other (expense) income	`OtherIncome`	$-108.99K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$21.12K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$237.00	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$3.36K	USD	1 Quarter
Total Other Income (Expense)	`OtherOperatingIncomeExpenseNet`	$-69.23K	USD	1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-608.53K	USD	1 Quarter
NET INCOME (LOSS) BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.37M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$1.15M	USD	1 Quarter
INCOME TAX EXPENSE (BENEFIT)	`IncomeTaxExpenseBenefit`	$-149.71K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$-458.81K	USD	1 Quarter
NET INCOME (LOSS)	`NetIncomeLoss`	$2.22M	USD	1 Quarter
FOREIGN CURRENCY TRANSLATION GAIN (LOSS)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$333.37K	USD	1 Quarter
FOREIGN CURRENCY TRANSLATION GAIN (LOSS)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$296.44K	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$2.52M	USD	1 Quarter
TOTAL COMPREHENSIVE INCOME (LOSS)	`ComprehensiveIncomeNetOfTax`	$-125.44K	USD	1 Quarter
BASIC EARNINGS (LOSS) PER SHARE	`EarningsPerShareBasic`	$-0.01	USD	1 Quarter
BASIC EARNINGS (LOSS) PER SHARE	`EarningsPerShareBasic`	$0.05	USD	Annual
BASIC EARNINGS (LOSS) PER SHARE	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
FULLY DILUTED EARNINGS (LOSS) PER SHARE	`EarningsPerShareDiluted`	$0.05	USD	Annual
FULLY DILUTED EARNINGS (LOSS) PER SHARE	`EarningsPerShareDiluted`	$-0.01	USD	1 Quarter
FULLY DILUTED EARNINGS (LOSS) PER SHARE	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	53.21M	shares	1 Quarter
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	47.92M	shares	1 Quarter
BASIC WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfSharesOutstandingBasic`	47.92M	shares	Annual
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	53.21M	shares	1 Quarter
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.58M	shares	1 Quarter
FULLY DILUTED WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.58M	shares	Annual

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$-458.81K	USD	1 Quarter
Net Income	`NetIncomeLoss`	$2.22M	USD	1 Quarter
Depreciation and amortization expense	`Depreciation`	$-225.94K	USD	1 Quarter
Depreciation and amortization expense	`Depreciation`	$-182.39K	USD	1 Quarter
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$18.64K	USD	1 Quarter
Bad debt expense	`ProvisionForDoubtfulAccounts`	$-24.91K	USD	1 Quarter
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-187.41K	USD	1 Quarter
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-351.36K	USD	1 Quarter
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$-351.36K	USD	Annual
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$2.48M	USD	1 Quarter
Changes in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.07M	USD	1 Quarter
Changes in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$-144.40K	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$-187.67K	USD	1 Quarter
Changes in inventories	`IncreaseDecreaseInInventories`	$786.33K	USD	1 Quarter
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-23.46K	USD	1 Quarter
Changes in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-18.73K	USD	1 Quarter
Changes in deferred tax asset	`IncreaseDecreaseInDeferredTaxAsset`	$79.21K	USD	1 Quarter
Changes in deferred tax asset	`IncreaseDecreaseInDeferredTaxAsset`	$33.20K	USD	1 Quarter
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$181.74K	USD	1 Quarter
Changes in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-428.36K	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.25M	USD	1 Quarter
Changes in income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-15.39K	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$1.07M	USD	1 Quarter
Net Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$2.87M	USD	1 Quarter
Proceeds from disposal of equipment	`ProceedsFromSaleOfMachineryAndEquipment`	$52.50K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$1.15M	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.29K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$40.22K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.15M	USD	1 Quarter
Value of equity awards surrendered by employees for tax liability	`ValueOfEquityAwardsSurrenderedByEmployeesForTaxLiability`	$-23.53K	USD	1 Quarter
Stock issued in exercise of stock options	`ProceedsFromStockOptionsExercised`	$78.87K	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$78.87K	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.53K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$158.25K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$113.92K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$113.41K	USD	1 Quarter
NET INCREASE IN CASH	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.04M	USD	1 Quarter
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.57M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
CASH AT BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.46M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$14.14M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.57M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$17.19M	USD	Point-in-time
CASH AT END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.46M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$-138.01K	USD	1 Quarter

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