| [X] | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----|-----------------------------------------------------------------------------------------|

|   | For the Quarterly Period Ended June 30, 2012 |
|--------|----------------------------------------------|

| [  ] | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|----------------|------------------------------------------------------------------------------------------|

|   | For the Transition Period From ________ to _________ |
|--------|------------------------------------------------------|

| Nevada                                   |   | 20-0019425          |
|------------------------------------------|--------|---------------------|
| (State or other jurisdiction of          |   | (I.R.S. Employer    |
| incorporation or organization)           |   | Identification No.) |
|                                     |   |                |
| 321 South 1250 West, Suite 1             |   |                |
| Lindon, Utah                             |   | 84042               |
| (Address of principal executive offices) |   | (Zip Code)          |

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|                                                                                                                | Page                                                                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                |                                                                                                                                                                                 |
| PART I — FINANCIAL INFORMATION                                                                                |                                                                                                                                                                                 |
|                                                                                                                |                                                                                                                                                                                 |
| Item 1. Financial Statements                                                                                        | 3                                                                                                                                                                                    |
|                                                                                                                |                                                                                                                                                                                 |   |
|                                                                                                                | Condensed Consolidated Balance Sheets as of June 30, 2012 (Unaudited) and March 31, 2012                                                                                             |  3 |
|                                                                                                                |                                                                                                                                                                                 |   |
|                                                                                                                | Condensed Consolidated Statements of Operations and Other Comprehensive  Income (Unaudited)   for the three month periods ended June 30, 2012 and 2011 | 4 |
|                                                                                                                |                                                                                                                                                                                 |   |
|                                                                                                                | Condensed Consolidated Statements of Cash Flows (Unaudited) for the three month periods ended June 30, 2012 and 2011                                                                 | 5 |
|                                                                                                                |                                                                                                                                                                                 |   |
|                                                                                                                | Notes to Condensed Consolidated Financial Statements (Unaudited)                                                                                                                     | 6 |
|                                                                                                                |                                                                                                                                                                                 |
| Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations | 9                                                                                                                                                                                    |
|                                                                                                                |                                                                                                                                                                                 |
| Item 3.  Quantitative and Qualitative Disclosure about Market Risk                                        | 16                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| Item 4.  Controls and Procedures                                                                          | 16                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| PART II — OTHER INFORMATION                                                                                   | 17                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| Item 1A.  Risk Factors                                                                                    | 17                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| Item 2.  Unregistered Sales of Equity Securities and Use of Proceeds                                      | 18                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| Item 4.  Mine Safety Disclosures                                                                          | 18                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| Item 5. Other Information                                                                                           | 18                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| Item 6.  Exhibits                                                                                         | 18                                                                                                                                                                                   |
|                                                                                                                |                                                                                                                                                                                 |
| Signatures                                                                                                          | 20                                                                                                                                                                                   |

----

| ASSETS                               |
|--------------------------------------|
|                                 |   |   |   |   |   |   |   |
|                                 |   |   | June 30, |   | March 31, |
|                                 |   |   | 2012 |   | 2012 |
|                                 |   |   | (Unaudited) |   |   |   |
| CURRENT ASSETS                       |   |   |   |   |   |
|                                 |   |   |   |   |   |   |   |
|                                 | Cash and cash equivalents | $ |       2,730,311 |   | $ |       1,914,877 |
|                                 | Accounts receivable, net |   |       3,654,935 |   |   |       4,236,240 |
|                                 | Marketable securities-available for sale |   |                817 |   |   |                840 |
|                                 | Inventories |   |       2,075,655 |   |   |       1,968,740 |
|                                 | Deferred tax asset |   |           12,569 |   |   |           12,569 |
|                                 | Prepaid expenses |   |           43,838 |   |   |           10,202 |
|                                 |   |   |   |   |   |   |   |
|                                 |   | Total Current Assets |   |       8,518,125 |   |   |       8,143,468 |
|                                 |   |   |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, net          |   |       2,038,337 |   |   |       1,982,290 |
|                                 |   |   |   |   |   |   |   |
|                                 |   | TOTAL ASSETS | $ |     10,556,462 |   | $ |     10,125,758 |
|                                 |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY |
|                                 |   |   |   |   |   |   |   |
| CURRENT LIABILITIES                  |   |   |   |   |   |
|                                 |   |   |   |   |   |   |   |
|                                 | Accounts payable | $ |          549,772 |   | $ |          645,215 |
|                                 | Accrued liabilities |   |          247,314 |   |   |          251,137 |
|                                 | Income taxes payable |   |          614,753 |   |   |          597,830 |
|                                 |   |   |   |   |   |   |   |
|                                 |   | Total Current Liabilities |   |       1,411,839 |   |   |       1,494,182 |
|                                 |   |   |   |   |   |   |   |
| TOTAL LIABILITIES                    |   |       1,411,839 |   |   |       1,494,182 |
|                                 |   |   |   |   |   |   |   |
| STOCKHOLDERS' EQUITY                 |   |   |   |   |   |
|                                 |   |   |   |   |   |   |   |
|                                 | Preferred shares: $0.001 par value, |   |   |   |   |   |
|                                 |   10,000,000 shares authorized: no shares |   |   |   |   |   |
|                                 |    issued and outstanding |   |                    - |   |   |                    - |
|                                 | Common shares: $0.001 par value, |   |   |   |   |   |
|                                 |    100,000,000 shares authorized: 45,060,000  and |   |   |   |   |   |
|                                 |    45,000,000 shares issued and outstanding, respectively |   | 45,060 |   |   | 45,000 |
|                                 | Additional paid-in capital |   |          184,415 |   |   |           74,343 |
|                                 | Accumulated other comprehensive income |   |          321,872 |   |   |          484,692 |
|                                 | Retained earnings |   |       8,593,276 |   |   |       8,027,541 |
|                                 |   |   |   |   |   |   |   |
|                                 |   | Total Stockholders' Equity |   |       9,144,623 |   |   |       8,631,576 |
|                                 |   |   |   |   |   |   |   |
|                                 |   | TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $ |     10,556,462 |   | $ |     10,125,758 |
|                                 |   |   |   |   |   |   |   |

----

|                                  |                                |                                                                |  For the Three Months Ended                                                                                                |
|---------------------------------------|-------------------------------------|---------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
|                                  |                                |                                                                |  June 30,                                                                                                                  |
|                                  |                                |                                                                | 2012                                                                                                                            |   | 2011 |
| REVENUES                              |                                |                                                                |                                                                                                                            |   |   |
|                                  | Sales of goods, net                 | $                                                                   |         3,451,507                                                                       |   | $ |        2,408,280 |
|                                  | Sales of services, net              |                                                                |           225,766                                                             |   |   |          275,444 |
|                                  |                                | Total Revenues                                                      |                                                                                                                            |         3,677,273 |   |   |        2,683,724 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| COST OF SALES                         |                                |                                                                |                                                                                                                            |   |   |
|                                  | Cost of goods sold-products         |                                                                |         1,327,716                                                                       |   |   |          776,069 |
|                                  | Cost of goods sold-services         |                                                                |           172,720                                                             |   |   |          206,644 |
|                                  |                                | Total Cost of  Goods Sold                                 |                                                                                                                            |         1,500,436 |   |   |          982,713 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| GROSS PROFIT                          |                                |         2,176,837           |                                                                                                                            |   |        1,701,011 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| OPERATING EXPENSES                    |                                |                                                                |                                                                                                                            |   |   |
|                                  | General and administrative expenses |                                                                |         1,003,160                                                                       |   |   |          283,683 |
|                                  | Payroll expenses                    |                                                                |           372,353                                                             |   |   |          305,315 |
|                                  | Depreciation expense                |                                                                |             46,458                                                  |   |   |            43,562 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
|                                  |                                | Total Operating Expenses                                            |                                                                                                                            |         1,421,971 |   |   |          632,560 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| INCOME FROM OPERATIONS           |                                |           754,866 |                                                                                                                            |   |        1,068,451 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| OTHER INCOME (EXPENSE)                |                                |                                                                |                                                                                                                            |   |   |
|                                  | Interest expense                    |                                                                |              (1,252)                                           |   |   |             (3,617) |
|                                  | Rental income                       |                                                                |                    -             |   |   |              3,600 |
|                                  | Interest income                     |                                                                |                    69            |   |   |                 276 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
|                                  |                                | Total Other Income (Expense)                                        |                                                                                                                            |              (1,183) |   |   |                 259 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| NET INCOME BEFORE INCOME TAXES   |                                |           753,683 |                                                                                                                            |   |        1,068,710 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| INCOME TAX EXPENSE                    |                                |           187,948 |                                                                                                                            |   |          294,132 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| NET INCOME                            | $                                   |           565,735 |                                                                                                                            | $ |          774,578 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| UNREALIZED HOLDING GAIN ON AVALIABLE  |                                |                                                                |                                                                                                                            |   |   |
|                                  |  FOR SALE SECURITIES           | $                                                                   |                      - |   | $ |                 423 |
| FOREIGN CURRENCY TRANSLATION GAIN     |                                |          (162,820)     |                                                                                                                            |   |           (39,733) |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| TOTAL COMPREHENSIVE INCOME            | $                                   |           402,915 |                                                                                                                            | $ |          735,268 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| BASIC EARNINGS PER SHARE              | $                                   | 0.01                                                                |                                                                                                                            | $ | 0.02 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| FULLY DILUTED EARNINGS PER SHARE      | $                                   | 0.01                                                                |                                                                                                                            | $ | 0.02 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |
| BASIC WEIGHTED AVERAGE NUMBER         |                                |                                                                |                                                                                                                            |   |   |
|   OF SHARES OUTSTANDING     |                                | 45,030,989                                                          |                                                                                                                            |   | 45,000,000 |
| FULLY DILUTED WEIGHTED AVERAGE NUMBER |                                |                                                                |                                                                                                                            |   |   |
|   OF SHARES OUTSTANDING     |                                | 45,128,972                                                          |                                                                                                                            |   | 45,255,250 |
|                                  |                                |                                                                |                                                                                                                            |   |   |   |   |

----

|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|-----------------------------|----------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------|
|                        |                                               |                                                                                                                            | For the Three Months Ended                                                     |
|                        |                                               |                                                                                                                            | June 30,                                                                       |
|                        |                                               |                                                                                                                            | 2012                                                                           |                                                                                      | 2011                                                                                                                            |
| OPERATING ACTIVITIES        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        | Net Income                                         | $                                                                                                                               |            565,735      |                                                                                      | $                                                                                                                               |            774,578  |
|                        | Adjustments to reconcile net income to             |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |
|                        |   net cash used by operating activities: |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |
|                        |                                               | Depreciation expense                                                                                                            |                                                                           |             52,143            |                                                                                                                            |                                                                       |             43,562                                                  |
|                        |                                               | Common stock issued for services                                                                                                |                                                                           |             90,000            |                                                                                                                            |                                                                       |                      - |
|                        |                                               | Bad debt expense                                                                                                                |                                                                           |               9,951 |                                                                                                                            |                                                                       |                      - |
|                        |                                               | Stock options issued for services                                                                                               |                                                                           |             20,133            |                                                                                                                            |                                                                       |             20,132                                                  |
|                        | Changes in operating assets and liabilities:       |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |
|                        |                                               | Changes in accounts receivable                                                                                                  |                                                                           |            472,239                 |                                                                                                                            |                                                                       |          (401,753)                                                                 |
|                        |                                               | Changes in inventories                                                                                                          |                                                                           |          (207,320)                           |                                                                                                                            |                                                                       |          (491,528)                                                                 |
|                        |                                               | Changes in prepaid expenses                                                                                                     |                                                                           |            (33,659)                |                                                                                                                            |                                                                       |                  887                       |
|                        |                                               | Changes in accounts payable and accrued liabilities                                                                             |                                                                           |            (80,160)                |                                                                                                                            |                                                                       |             98,313                                                  |
|                        |                                               | Changes in income taxes payable                                                                                                 |                                                                           |             26,565            |                                                                                                                            |                                                                       |            294,132                                                       |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        |                                               |    Net Cash Provided by Operating Activities                                                                     |                                                                           |            915,627                 |                                                                                                                            |                                                                       |            338,323                                                       |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
| INVESTING ACTIVITIES        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        | Purchase of fixed assets                           |                                                                                                                            |          (150,999)                |                                                                                      |                                                                                                                            |       (1,018,588)                            |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        |                                               | Net Cash Used in Investing Activities                                                                                           |                                                                           |          (150,999)                           |                                                                                                                            |                                                                       |       (1,018,588)                                                                                 |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
| FINANCING ACTIVITIES        |                                               |                      - |                                                                           |                                                                                      |                      - |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        | Effect of exchange rate changes on cash            |                                                                                                                            |             50,806 |                                                                                      |                                                                                                                            |            (12,331) |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        |                                               | NET INCREASE (DECREASE) IN CASH                                                                                                 |                                                                           |            815,434                 |                                                                                                                            |                                                                       |          (692,596)                                                                 |
|                        |                                               | CASH AT BEGINNING OF YEAR                                                                                                       |                                                                           |         1,914,877                                 |                                                                                                                            |                                                                       |         1,689,386                                                                       |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        |                                               | CASH AT END OF YEAR                                                                                                             | $                                                                              |         2,730,311                                 |                                                                                                                            | $                                                                          |            996,790                                                       |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
| SUPPLEMENTAL DISCLOSURES OF |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |
|                        | CASH FLOW INFORMATION                              |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        | CASH PAID FOR:                                     |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |
|                        |                                               |                                                                                                                            |                                                                           |                                                                                      |                                                                                                                            |                                                                       |                                                                                                                            |
|                        |                                               | Interest                                                                                                                        | $                                                                              |               1,252 |                                                                                                                            | $                                                                          |               3,617                                       |
|                        |                                               | Income taxes                                                                                                                    | $                                                                              |            171,025                 |                                                                                                                            | $                                                                          |                      - |

----

|                     |     June 30,   2012 |            | March 31, 2012 |
|--------------------------|--------------------------------------------------------|-----------------|----------------|
| Raw materials            | $                                                      | 2,131,761  |           | $ | 2,026,108  |
| Work in progress         |                                                   | -          |           |   | -  |
| Finished goods           |                                                   | -          |           |   | -  |
| Reserve for obsolescence |                                                   | (56,106)        |           |   | (57,368) |
| Total                    | $                                                      | 2,075,655       |           | $ | 1,968,740  |

----

|                                                        | For the Three Months EndedJune 30, |
|-------------------------------------------------------------|------------------------------------|
|                                                        | 2012                               |   | 2011 |
| Net income                                                  | $                                  | 565,735 |   | $ | 774,578 |
|                                                        |                               |   |   |   |   |
| Basic weighted average number of shares outstanding         |                               | 45,030,989 |   |   | 45,000,000 |
| Common stock equivalents                                    |                               | 234,306 |   |   | 255,250 |
| Fully diluted weighted average number of shares outstanding |                               | 45,128,972 |   |   | 45,255,250 |
|                                                        |                               |   |   |   |   |
| Basic earnings per share                                    | $                                  | 0.01 |   | $ | 0.02 |
| Fully diluted earnings per share                            | $                                  | 0.01 |   | $ | 0.02 |

----

----

----

----

----

----

----

|                                                | Three Months endedJune 30, 2012 |      | Three Months endedJune 30, 2011 |
|-----------------------------------------------------|---------------------------------|-----------|---------------------------------|
| Net cash provided by operating activities           | $                               | 915,627   |                            | $ | 338,323 |
| Net cash used in investing activities               | $                               | (150,999) |                            | $ |  (1,018,588) |
| Net cash provided by (used in) financing activities | $                               | -         |                            | $ | - |
| Effect of exchange rate changes on cash             | $                               | 50,806    |                            | $ | (12,331) |
| NET INCREASE (DECREASE) IN CASH                     | $                               | 815,434   |                            | $ | (692,596) |

----

|                           |   |         |   | Payments Due by Fiscal Year |
|--------------------------------|--------|--------------|--------|-----------------------------|
|   Contractual Commitments |   |   Total |   | Less than1 year             |   | 1-3years |   | 3-5years |   | More than5 years |
|                           |   |         |   |                        |   |   |   |   |   |   |
| Office Lease                   |   | $32,175      |   | $17,550                     |   | $14,625 |   | $    - |   | $   - |
|     Total  |   | $32,175      |   | $17,550                     |   | $14,625 |   | $    - |   | $   - |

----

----

----

----

|   | Exhibit 31.1 | Certification of Principal Executive Officer Pursuant to Rule 13a-14(a)*         |
|--------|--------------|----------------------------------------------------------------------------------|
|   |         |                                                                             |
|   | Exhibit 31.2 | Certification of Principal Financial Officer Pursuant to Rule 13a-14(a)*         |
|   |         |                                                                             |
|   | Exhibit 32.1 | Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350* |
|   |         |                                                                             |
|   | Exhibit 32.2 | Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350* |

----

|   | Exhibit 101.INS                        | XBRL Instance Document**                                 |
|--------|----------------------------------------|----------------------------------------------------------|
|   |                                   |                                                     |
|   | Exhibit 101.SCH                        | XBRL Taxonomy Extension Schema Document**                |
|   |                                   |                                                     |
|   | Exhibit 101.CAL                        | XBRL Taxonomy Extension Calculation Linkbase Document**  |
|   |                                   |                                                     |
|   | Exhibit 101.DEF                        | XBRL Taxonomy Definition Linkbase Document**             |
|   |                                   |                                                     |
|   | Exhibit 101.LAB                        | XBRL Taxonomy Extension Label Linkbase Document**        |
|   |                                   |                                                     |
|   | Exhibit 101.PRE                        | XBRL Taxonomy Extension Presentation Linkbase Document** |
|   |                                   |                                                     |
|   |                                   |                                                     |
|   |                                   |                                                     |
|   | *Filed herewith                        |                                                     |
|   | **  To be filed by amendment |                                                     |

----

|   |            |  PROFIRE ENERGY, INC. |                        |
|--------|-----------------|----------------------------|-----------------------------|
|   |            |                       |                        |   |
|   |            |                       |                        |   |
|   |            |                       |                        |   |
| Date:  | August 13, 2012 | By:                        |   /s/ Brenton W. Hatch |   |
|   |            |                       | Brenton W. Hatch            |
|   |            |                       | Chief Executive Officer     |

| Date:  | August 13, 2012 | By:    |   /s/ Andrew Limpert |   |
|--------|-----------------|--------|---------------------------|--------|
|   |            |   | Andrew Limpert            |
|   |            |   | Chief Financial Officer   |