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10-Q Filing

PROFIRE ENERGY INC CIK: 1289636 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001289636-18-000020
Period End Date 20180331
Filing Date 20180509
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance pfie-20180331.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 line items
Line Item Tag Value Unit Period
Preferred stock, par value (dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Preferred stock, par value (dollars per share) PreferredStockParOrStatedValuePerShare $0.00 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $11.45M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $7.67M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $12.20M USD Point-in-time
Preferred stock, shares authorized (shares) PreferredStockSharesAuthorized 10.00M shares Point-in-time
Preferred stock, shares authorized (shares) PreferredStockSharesAuthorized 10.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $8.81M USD Point-in-time
Preferred stock, shares issued (shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Short-term investments MarketableSecuritiesCurrent $300.35K USD Point-in-time
Preferred stock, shares issued (shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Short-term investments MarketableSecuritiesCurrent $300.82K USD Point-in-time
Short-term investments - other OtherShortTermInvestments $4.01M USD Point-in-time
Short-term investments - other OtherShortTermInvestments $4.17M USD Point-in-time
Preferred stock, shares outstanding (shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding (shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $8.07M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $8.72M USD Point-in-time
Common stock, par value (dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common stock, par value (dollars per share) CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Inventories, net InventoryNet $7.27M USD Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Inventories, net InventoryNet $6.45M USD Point-in-time
Common stock, shares authorized (shares) CommonStockSharesAuthorized 100.00M shares Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 53.93M shares Point-in-time
Prepaid expenses & other current assets PrepaidExpenseCurrent $357.53K USD Point-in-time
Common stock, shares issued (shares) CommonStockSharesIssued 54.13M shares Point-in-time
Prepaid expenses & other current assets PrepaidExpenseCurrent $437.30K USD Point-in-time
Total Current Assets AssetsCurrent $30.71M USD Point-in-time
Total Current Assets AssetsCurrent $33.00M USD Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 48.61M shares Point-in-time
Common stock, shares outstanding (shares) CommonStockSharesOutstanding 48.81M shares Point-in-time
Net deferred tax asset DeferredTaxAssetsNet $72.82K USD Point-in-time
Net deferred tax asset DeferredTaxAssetsNet $184.22K USD Point-in-time
Long-term investments MarketableSecuritiesNoncurrent $8.52M USD Point-in-time
Long-term investments MarketableSecuritiesNoncurrent $8.44M USD Point-in-time
Long-term investments - other OtherLongTermInvestments - USD Point-in-time
Long-term investments - other OtherLongTermInvestments $400.00K USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $7.12M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $7.20M USD Point-in-time
Goodwill Goodwill $997.70K USD Point-in-time
Goodwill Goodwill $997.70K USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $494.79K USD Point-in-time
Intangible assets, net FiniteLivedIntangibleAssetsNet $475.13K USD Point-in-time
Total Long-Term Assets AssetsNoncurrent $17.28M USD Point-in-time
Total Long-Term Assets AssetsNoncurrent $17.61M USD Point-in-time
TOTAL ASSETS Assets $47.99M USD Point-in-time
TOTAL ASSETS Assets $50.61M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.73M USD Point-in-time
Accounts payable AccountsPayableCurrent $1.78M USD Point-in-time
Accrued vacation AccruedVacationCurrent $196.65K USD Point-in-time
Accrued vacation AccruedVacationCurrent $230.40K USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $1.04M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $927.12K USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $1.51M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $919.73K USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $3.94M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $4.40M USD Point-in-time
TOTAL LIABILITIES Liabilities $4.40M USD Point-in-time
TOTAL LIABILITIES Liabilities $3.94M USD Point-in-time
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued or outstanding PreferredStockValue - USD Point-in-time
Preferred shares: $0.001 par value, 10,000,000 shares authorized: no shares issued or outstanding PreferredStockValue - USD Point-in-time
Common shares: $0.001 par value, 100,000,000 shares authorized: 54,131,158 issued and 48,806,416 outstanding at March 31, 2018 and 53,931,167 issued and 48,606,425 outstanding at December 31, 2017 CommonStockValue $53.93K USD Point-in-time
Common shares: $0.001 par value, 100,000,000 shares authorized: 54,131,158 issued and 48,806,416 outstanding at March 31, 2018 and 53,931,167 issued and 48,606,425 outstanding at December 31, 2017 CommonStockValue $54.13K USD Point-in-time
Treasury stock, at cost TreasuryStockValue $6.89M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $6.89M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $28.10M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $27.54M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.47M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $27.43M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $25.55M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $44.05M USD Point-in-time
TOTAL STOCKHOLDERS' EQUITY StockholdersEquity $46.22M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $47.99M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $50.61M USD Point-in-time
Income Statement 54 line items
Line Item Tag Value Unit Period
Sales of goods, net SalesRevenueGoodsNet $7.29M USD 1 Quarter
Sales of goods, net SalesRevenueGoodsNet $11.45M USD 1 Quarter
Sales of services, net SalesRevenueServicesNet $715.10K USD 1 Quarter
Sales of services, net SalesRevenueServicesNet $532.27K USD 1 Quarter
Total Revenues SalesRevenueNet $12.17M USD 1 Quarter
Total Revenues SalesRevenueNet $7.82M USD 1 Quarter
Cost of goods sold-product CostOfGoodsSold $5.56M USD 1 Quarter
Cost of goods sold-product CostOfGoodsSold $3.06M USD 1 Quarter
Cost of goods sold-services CostOfServices $402.02K USD 1 Quarter
Cost of goods sold-services CostOfServices $481.87K USD 1 Quarter
Total Cost of Goods Sold CostOfRevenue $6.04M USD 1 Quarter
Total Cost of Goods Sold CostOfRevenue $3.46M USD 1 Quarter
GROSS PROFIT GrossProfit $6.13M USD 1 Quarter
GROSS PROFIT GrossProfit $4.37M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $2.95M USD 1 Quarter
General and administrative expenses GeneralAndAdministrativeExpense $3.34M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $198.97K USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $403.22K USD 1 Quarter
Depreciation and amortization expense DepreciationNonproduction $128.72K USD 1 Quarter
Depreciation and amortization expense DepreciationNonproduction $149.08K USD 1 Quarter
Total Operating Expenses OperatingExpenses $3.87M USD 1 Quarter
Total Operating Expenses OperatingExpenses $3.30M USD 1 Quarter
INCOME FROM OPERATIONS OperatingIncomeLoss $2.26M USD 1 Quarter
INCOME FROM OPERATIONS OperatingIncomeLoss $1.07M USD 1 Quarter
Gain on sale of fixed assets DisposalGroupNotDiscontinuedOperationGainLossonDisposalAfterForeignCurrencyTranslation $2.10K USD 1 Quarter
Gain on sale of fixed assets DisposalGroupNotDiscontinuedOperationGainLossonDisposalAfterForeignCurrencyTranslation $64.83K USD 1 Quarter
Other expense OtherNonoperatingIncomeExpense $-5.41K USD 1 Quarter
Other expense OtherNonoperatingIncomeExpense $-1.79K USD 1 Quarter
Interest income InvestmentIncomeInterest $31.28K USD 1 Quarter
Interest income InvestmentIncomeInterest $50.71K USD 1 Quarter
Total Other Income NonoperatingIncomeExpense $113.75K USD 1 Quarter
Total Other Income NonoperatingIncomeExpense $27.96K USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.10M USD 1 Quarter
INCOME BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $2.37M USD 1 Quarter
INCOME TAX EXPENSE IncomeTaxExpenseBenefit $498.94K USD 1 Quarter
INCOME TAX EXPENSE IncomeTaxExpenseBenefit $493.82K USD 1 Quarter
NET INCOME NetIncomeLoss $600.07K USD 1 Quarter
NET INCOME NetIncomeLoss $1.88M USD 1 Quarter
Foreign currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $75.11K USD 1 Quarter
Foreign currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-239.13K USD 1 Quarter
Unrealized gains (losses) on investments UnrealizedGainLossOnInvestments $-33.23K USD 1 Quarter
Unrealized gains (losses) on investments UnrealizedGainLossOnInvestments $36.29K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $111.40K USD 1 Quarter
Total Other Comprehensive Income (Loss) OtherComprehensiveIncomeLossNetOfTax $-272.36K USD 1 Quarter
NET COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $1.60M USD 1 Quarter
NET COMPREHENSIVE INCOME ComprehensiveIncomeNetOfTax $711.47K USD 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE (dollars per share) EarningsPerShareBasic $0.01 USD 1 Quarter
BASIC EARNINGS (LOSS) PER SHARE (dollars per share) EarningsPerShareBasic $0.04 USD 1 Quarter
FULLY DILUTED EARNINGS (LOSS) PER SHARE (dollars per share) EarningsPerShareDiluted $0.04 USD 1 Quarter
FULLY DILUTED EARNINGS (LOSS) PER SHARE (dollars per share) EarningsPerShareDiluted $0.01 USD 1 Quarter
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (shares) WeightedAverageNumberOfSharesOutstandingBasic 50.63M shares 1 Quarter
BASIC WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (shares) WeightedAverageNumberOfSharesOutstandingBasic 48.67M shares 1 Quarter
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (shares) WeightedAverageNumberOfDilutedSharesOutstanding 51.29M shares 1 Quarter
FULLY DILUTED WEIGHTED AVG NUMBER OF SHARES OUTSTANDING (shares) WeightedAverageNumberOfDilutedSharesOutstanding 49.74M shares 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $600.07K USD 1 Quarter
Net income NetIncomeLoss $1.88M USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $220.25K USD 1 Quarter
Depreciation and amortization expense DepreciationDepletionAndAmortization $237.12K USD 1 Quarter
Gain on sale of fixed assets GainLossOnDispositionOfAssets1 $64.73K USD 1 Quarter
Gain on sale of fixed assets GainLossOnDispositionOfAssets1 $2.10K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $45.31K USD 1 Quarter
Bad debt expense ProvisionForDoubtfulAccounts $63.57K USD 1 Quarter
Stock awards issued for services IssuanceOfStockAndWarrantsForServicesOrClaims $581.62K USD 1 Quarter
Stock awards issued for services IssuanceOfStockAndWarrantsForServicesOrClaims $181.32K USD 1 Quarter
Changes in accounts receivable IncreaseDecreaseInAccountsReceivable $-249.84K USD 1 Quarter
Changes in accounts receivable IncreaseDecreaseInAccountsReceivable $746.18K USD 1 Quarter
Changes in income taxes receivable/payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $591.28K USD 1 Quarter
Changes in income taxes receivable/payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $568.07K USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $399.41K USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $863.15K USD 1 Quarter
Changes in prepaid expenses IncreaseDecreaseInPrepaidExpense $-33.70K USD 1 Quarter
Changes in prepaid expenses IncreaseDecreaseInPrepaidExpense $-104.01K USD 1 Quarter
Changes in deferred tax asset/liability IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability $-111.41K USD 1 Quarter
Changes in deferred tax asset/liability IncomeTaxExpenseBenefitContinuingOperationsAdjustmentOfDeferredTaxAssetLiability $-49.52K USD 1 Quarter
Changes in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-198.54K USD 1 Quarter
Changes in accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $500.55K USD 1 Quarter
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $1.45M USD 1 Quarter
Net Cash Provided by Operating Activities NetCashProvidedByUsedInOperatingActivities $1.96M USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $30.45K USD 1 Quarter
Proceeds from sale of equipment ProceedsFromSaleOfMachineryAndEquipment $139.76K USD 1 Quarter
Purchase of investments PaymentsForProceedsFromInvestments $500.41K USD 1 Quarter
Purchase of investments PaymentsForProceedsFromInvestments $484.14K USD 1 Quarter
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $52.72K USD 1 Quarter
Purchase of fixed assets PaymentsToAcquirePropertyPlantAndEquipment $234.78K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-522.68K USD 1 Quarter
Net Cash Used in Investing Activities NetCashProvidedByUsedInInvestingActivities $-579.16K USD 1 Quarter
Value of equity awards surrendered by employees for tax liability ValueOfEquityAwardsSurrenderedByEmployeesForTaxLiability - USD 1 Quarter
Value of equity awards surrendered by employees for tax liability ValueOfEquityAwardsSurrenderedByEmployeesForTaxLiability $-83.60K USD 1 Quarter
Cash received in exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Cash received in exercise of stock options ProceedsFromStockOptionsExercised $74.24K USD 1 Quarter
Purchase of Treasury stock PaymentsForRepurchaseOfCommonStock $318.90K USD 1 Quarter
Purchase of Treasury stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $-9.36K USD 1 Quarter
Net Cash Used in Financing Activities NetCashProvidedByUsedInFinancingActivities $-318.90K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $20.16K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-113.64K USD 1 Quarter
NET INCREASE IN CASH CashAndCashEquivalentsPeriodIncreaseDecrease $750.78K USD 1 Quarter
NET INCREASE IN CASH CashAndCashEquivalentsPeriodIncreaseDecrease $1.14M USD 1 Quarter
CASH AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $11.45M USD Point-in-time
CASH AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $7.67M USD Point-in-time
CASH AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $12.20M USD Point-in-time
CASH AT BEGINNING OF PERIOD CashAndCashEquivalentsAtCarryingValue $8.81M USD Point-in-time
CASH AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $11.45M USD Point-in-time
CASH AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $7.67M USD Point-in-time
CASH AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $12.20M USD Point-in-time
CASH AT END OF PERIOD CashAndCashEquivalentsAtCarryingValue $8.81M USD Point-in-time
Interest InterestPaid - USD 1 Quarter
Interest InterestPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid - USD 1 Quarter
Income taxes IncomeTaxesPaid $78.00 USD 1 Quarter

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

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