Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Condensed Financial Statements

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Note 1 - Condensed Financial Statements
3 Months Ended
Mar. 31, 2017
Notes  
Note 1 - Condensed Financial Statements

NOTE 1 - CONDENSED FINANCIAL STATEMENTS

Except where the context otherwise requires, references herein to the “Company” are to Profire Energy, Inc. and its wholly owned subsidiary, taken together.

 

The accompanying financial statements have been prepared by the Company without audit.  In the opinion of management, all adjustments (which include only normal recurring adjustments, except for the adoption of ASU 2016-09 discussed below) necessary to present fairly the financial position, results of operations and cash flows at March 31, 2017 and for all periods presented have been made.

 

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. These condensed consolidated financial statements should be read in conjunction with the Company's audited financial statements contained in its transition report on Form 10-K for the transition period ended December 31, 2016.  The results of operations for the period ended March 31, 2017 and 2016 are not necessarily indicative of the operating results for the full years.