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

|   | For      the Quarterly Period Ended June 30,      2010 |
|--------|--------------------------------------------------------|

| [  ] | 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, #3                  |   |                     |
| Lindon, Utah                                  |   | 84042                    |
| (Address      of principal executive offices) |   | (Zip      Code)          |

| (801)      433-2000                                                                                                                                                                                                                                                                                                                                                                                                        |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (Registrant's      telephone number, including area code)                                                                                                                                                                                                                                                                                                                                                                  |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Indicate      by check mark whether the registrant (1) has filed all reports required to      be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934      during the preceding 12 months (or for such shorter period that the      registrant was required to file such reports), and (2) has been subject to      such filing requirements for the past 90 days.                                          | Yes      x No o |
|                                                                                                                                                                                                                                                                                                                                                                                                                       |   |
| Indicate      by check mark whether the registrant has submitted electronically and      posted on its corporate Web site, if any, every Interactive Data File      required to be submitted and posted pursuant to Rule 405 of Regulation S-T      (§ 232.405 of this chapter) during the preceding 12 months (or for such      shorter period that the registrant was required to submit and post such      files). | Yes       oNo o |

| Indicate      by check mark whether the registrant is a large accelerated filer, an      accelerated filer, a non-accelerated filer, or a smaller reporting      company. See the definitions of “large accelerated filer,” “accelerated      filer” and “smaller reporting company” in Rule 12b-2 of the Exchange      Act. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Large      accelerated filer                       | o      |   | Accelerated      filer         | o |   |
|----------------------------------------------------|--------|--------|--------------------------------|---|--------|
| Non-accelerated      filer                         | o      |   | Smaller      reporting company | x |
| (Do      not check if a smaller reporting company) |   |   |

| Indicate      by check mark whether the registrant is a shell company (as defined in      Rule 12b-2 of the Act).               | Yes      o No      x |
|---------------------------------------------------------------------------------------------------------------------------------|----------------------|
|                                                                                                                            |                 |
| As      of August 5, 2010 the registrant had 45,000,000 shares of common stock,      par value $0.001, issued and  outstanding. |

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|                                                                                                                               | Page                                                                                                       |
|------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------|
|                                                                                                                               |                                                                                                       |
| PART      I — FINANCIAL INFORMATION                                                                                          |                                                                                                       |
|                                                                                                                               |                                                                                                       |
| Item      1. Financial Statements                                                                                                  | 3                                                                                                          |
|                                                                                                                               |                                                                                                       |   |
|                                                                                                                               | Condensed      Consolidated Balance Sheets as of June      30, 2010 (Unaudited) and March 31, 2010         | 3 |
|                                                                                                                               |                                                                                                       |   |
|                                                                                                                               | Condensed      Consolidated Statements of Operations and Other      Comprehensive  Income (Loss) |   |
|                                                                                                                               | (Unaudited)      for the three month periods ended June 30, 2010 and 2009                                  | 4 |
|                                                                                                                               |                                                                                                       |   |
|                                                                                                                               | Condensed      Consolidated Statements of Cash Flows (Unaudited) for the                                   |   |
|                                                                                                                               | three      month periods ended June 30, 2010 and 2009                                                      | 5 |
|                                                                                                                               |                                                                                                       |   |
|                                                                                                                               | Notes      to Condensed Consolidated Financial Statements (Unaudited)                                      | 6 |
|                                                                                                                               |                                                                                                       |
| Item      2.  Management’s Discussion and Analysis of Financial      Condition and      Results of Operations | 8                                                                                                          |
|                                                                                                                               |                                                                                                       |
| Item      3.  Quantitative and Qualitative Disclosure about Market      Risk                                             | 13                                                                                                         |
|                                                                                                                               |                                                                                                       |
| Item      4.  Controls and Procedures                                                                                    | 13                                                                                                         |
|                                                                                                                               |                                                                                                       |
| PART      II — OTHER INFORMATION                                                                                             |                                                                                                       |
|                                                                                                                               |                                                                                                       |
| Item      1A.  Risk Factors                                                                                              | 14                                                                                                         |
|                                                                                                                               |                                                                                                       |
| Item      6.  Exhibits                                                                                                   | 14                                                                                                         |
|                                                                                                                               |                                                                                                       |
| Signatures                                                                                                                         | 15                                                                                                         |

----

| ASSETS                                    |
|-------------------------------------------|
|                                      |   |   |   | June      30, |   | March      31, |
|                                      |   |   |   | 2010 |   | 2010 |
|                                      |   |   |   | (Unaudited) |   |   |
| CURRENT      ASSETS                       |   |   |   |   |   |   |
|                                      | Cash      and cash equivalents |   | $ | 1,957,370  |   | $ | 1,931,757  |
|                                      | Accounts      receivable, net |   |   | 794,092  |   |   | 1,092,037  |
|                                      | Marketable      securities-available for sale |   |   | 4,680  |   |   | 7,154  |
|                                      | Inventories |   |   | 654,936  |   |   | 624,679  |
|                                      | Prepaid      expenses |   |   | 7,511  |   |   | 999  |
|                                      |   | Total      Current Assets |   |   | 3,418,589  |   |   | 3,656,626  |
|                                      |   |   |   |   |   |   |   |   |
| PROPERTY      AND EQUIPMENT, net          |   |   | 616,250  |   |   | 559,326  |
|                                      |   |   |   |   |   |   |   |   |
|                                      |   | TOTAL      ASSETS |   | $ | 4,034,839  |   | $ | 4,215,952  |
|                                      |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS'      EQUITY |
|                                      |   |   |   |   |   |   |   |   |
| CURRENT      LIABILITIES                  |   |   |   |   |   |   |
|                                      | Accounts      payable |   | $ | 247,285  |   | $ | 216,904  |
|                                      | Accrued      liabilities |   |   | 27,810  |   |   | 25,454  |
|                                      | Income      taxes payable |   |   | 455,655  |   |   | 494,321  |
|                                      |   | Total      Current Liabilities |   |   | 730,750  |   |   | 736,679  |
|                                      |   |   |   |   |   |   |   |   |
| TOTAL      LIABILITIES                    |   |   | 730,750  |   |   | 736,679  |
|                                      |   |   |   |   |   |   |   |   |
| STOCKHOLDERS'      EQUITY                 |   |   |   |   |   |   |
|                                      | Preferred      shares: $0.001 par value, |   |   |   |   |   |   |
|                                      |   10,000,000      shares authorized: no shares |   |   |   |   |   |   |
|                                      |    issues      and outstanding |   |   | -  |   |   | -  |
|                                      | Common      shares: $0.001 par value, |   |   |   |   |   |   |
|                                      |    100,000,000      shares authorized: 45,000,000 |   |   |   |   |   |   |
|                                      |    shares      issues and outstanding |   |   | 45,000  |   |   | 45,000  |
|                                      | Additional      paid-in capital |   |   | (41,393) |   |   | (51,449) |
|                                      | Accumulated      other comprehensive income |   |   | 178,602  |   |   | 272,416  |
|                                      | Retained      earnings |   |   | 3,121,880  |   |   | 3,213,306  |
|                                      | Total      Stockholders' Equity |   |   | 3,304,089  |   |   | 3,479,273  |
|                                      |   |   |   |   |   |   |   |   |
|                                      |   | TOTAL      LIABILITIES AND |   |   |   |   |   |   |
|                                      |   | STOCKHOLDERS'      EQUITY |   | $ | 4,034,839  |   | $ | 4,215,952  |

----

|                                          |                                     |                              |  For      the Three Months Ended |
|-----------------------------------------------|------------------------------------------|-----------------------------------|---------------------------------------|
|                                          |                                     |                              |  June      30,                   |
|                                          |                                     |                              | 2010                                  |   | 2009 |
| REVENUES                                      |                                     |                              |                                  |   |   |
|                                          | Sales      of goods, net                 | $                                 | 636,391                          |   | $ | 526,069  |
|                                          | Sales      of services, net              |                              | 135,233                          |   |   | 143,731  |
|                                          |                                     | Total      Revenues               |                                  | 771,624  |   |   | 669,800  |
|                                          |                                     |                              |                                  |   |   |   |   |
| COST      OF SALES                            |                                     |                              |                                  |   |   |
|                                          | Cost      of goods sold                  |                              | 329,220                          |   |   | 332,367  |
|                                          |                                     |                              |                                  |   |   |   |   |
| GROSS      PROFIT                             |                                     | 442,404                      |                                  |   | 337,433  |
|                                          |                                     |                              |                                  |   |   |   |   |
| OPERATING      EXPENSES                       |                                     |                              |                                  |   |   |
|                                          | General      and administrative expenses |                              | 360,639                          |   |   | 349,502  |
|                                          | Payroll      expenses                    |                              | 177,933                          |   |   | 169,374  |
|                                          | Depreciation      expense                |                              | 18,872                           |   |   | 10,146  |
|                                          |                                     | Total      Operating Expenses     |                                  | 557,444  |   |   | 529,022  |
|                                          |                                     |                              |                                  |   |   |   |   |
| INCOME      (LOSS) FROM OPERATIONS            |                                     | (115,040)                         |                                  |   | (191,589) |
|                                          |                                     |                              |                                  |   |   |   |   |
| OTHER      INCOME (EXPENSE)                   |                                     |                              |                                  |   |   |
|                                          | Interest      expense                    |                              | (2,624)                               |   |   | (3,366) |
|                                          | Interest      income                     |                              | 818                              |   |   | 60  |
|                                          |                                     | Total      Other Income (Expense) |                                  | (1,806) |   |   | (3,306) |
|                                          |                                     |                              |                                  |   |   |   |   |
| NET      INCOME (LOSS) BEFORE INCOME TAXES    |                                     | (116,846)                         |                                  |   | (194,895) |
| INCOME      TAX EXPENSE (BENEFIT)             |                                     | (25,420)                          |                                  |   | (61,822) |
|                                          |                                     |                              |                                  |   |   |   |   |
| NET      INCOME (LOSS)                        | $                                        | (91,426)                          |                                  | $ | (133,073) |
| UNREALIZED      HOLDING GAIN (LOSS)           |                                     |                              |                                  |   |   |
|                                          | ON      AVALAIBLE FOR SALE SECURITIES    | $                                 | (2,474)                               |   | $ | (335) |
| FOREIGN      CURRENCY TRANSLATION GAIN (LOSS) |                                     | (91,340)                          |                                  |   | 150,026  |
|                                          |                                     |                              |                                  |   |   |   |   |
| TOTAL      COMPREHENSIVE INCOME (LOSS)        | $                                        | (185,240)                         |                                  | $ | 16,618  |
| BASIC      EARNINGS PER SHARE                 | $                                        | (0.00)                            |                                  | $ | (0.00) |
| FULLY      DILUTED EARNINGS PER SHARE         | $                                        | (0.00)                            |                                  | $ | (0.00) |
|                                          |                                     |                              |                                  |   |   |   |   |
| BASIC      WEIGHTED AVERAGE NUMBER            |                                     |                              |                                  |   |   |
|   OF      SHARES OUTSTANDING        |                                     | 45,000,000                   |                                  |   | 45,000,000  |
| FULLY      DILUTED WEIGHTED AVERAGE NUMBER    |                                     |                              |                                  |   |   |
|   OF      SHARES OUTSTANDING        |                                     | 45,000,000                   |                                  |   | 45,000,000  |

----

|                                        |                                                    |                                                           | For      the Three Months Ended |
|---------------------------------------------|---------------------------------------------------------|----------------------------------------------------------------|---------------------------------|
|                                        |                                                    |                                                           | June      30,                   |
|                                        |                                                    |                                                           | 2010                            |   | 2009 |
| CASH      FLOWS FROM                        |                                                    |                                                           |                            |   |   |
|   OPERATING      ACTIVITIES       |                                                    |                                                           |                            |   |   |
|                                        | Net      loss                                           | $                                                              | (91,426)                        |   | $ | (133,073) |
|                                        | Adjustments      to reconcile net income (loss) to      |                                                           |                            |   |   |   |
|                                        |   net      cash used by operating activities: |                                                           |                            |   |   |   |
|                                        |                                                    | Depreciation      expense                                      |                            | 17,868  |   |   | 10,146  |
|                                        |                                                    | Bad      debt expense                                          |                            | 6,913  |   |   | 428  |
|                                        |                                                    | Stock      options issued for services                         |                            | 10,056  |   |   | -  |
|                                        | Changes      in operating assets and liabilities:       |                                                           |                            |   |   |   |
|                                        |                                                    | Changes      in accounts receivable                            |                            | 251,544  |    |   | 493,584  |
|                                        |                                                    | Changes      in inventories                                    |                            | (46,010) |   |   | 42,125  |
|                                        |                                                    | Changes      in prepaid expenses                               |                            | (6,316) |   |   | (5,022) |
|                                        |                                                    | Changes      in income taxes payable                           |                            | (24,175) |   |   | (491,281) |
|                                        |                                                    | Changes      in accounts payable and accrued liabilities       |                            | 36,369  |   |   | 76,810  |
|                                        |                                                    |                                                           |                            |   |   |   |   |
|                                        |                                                    |  Net      Cash Provided by (Used in) Operating Activities |                            | 154,823  |   |   | (6,283) |
|                                        |                                                    |                                                           |                            |   |   |   |   |
| CASH      FLOWS FROM                        |                                                    |                                                           |                            |   |   |
|    INVESTING      ACTIVITIES |                                                    |                                                           |                            |   |   |
|                                        | Purchase      of fixed assets                           |                                                           | (88,693)                        |   |   | (4,270) |
|                                        |                                                    |                                                           |                            |   |   |   |   |
|                                        |                                                    | Net      Cash Used in Investing Activities                     |                            | (88,693) |   |   | (4,270) |
|                                        |                                                    |                                                           |                            |   |   |   |   |
| CASH      FLOWS FROM                        |                                                    |                                                           |                            |   |   |
|    FINANCING      ACTIVITIES |                                                    | -                                                         |                            |   | -  |
|                                        |                                                    |                                                           |                            |   |   |   |   |
|                                        | Effect      of exchange rate changes on cash            |                                                           | (40,517)                        |   |   | 20,007  |
|                                        |                                                    |                                                           |                            |   |   |   |   |
|                                        |                                                    | NET      INCREASE IN CASH                                      |                            | 25,613  |   |   | 9,454  |
|                                        |                                                    | CASH      AT BEGINNING OF PERIOD                               |                            | 1,931,757  |   |   | 226,559  |
|                                        |                                                    |                                                           |                            |   |   |   |   |
|                                        |                                                    | CASH      AT END OF PERIOD                                     | $                               | 1,957,370  |   | $ | 236,013  |
|                                        |                                                    |                                                           |                            |   |   |   |   |
| SUPPLEMENTAL      DISCLOSURES OF            |                                                    |                                                           |                            |   |   |
|                                        | CASH      FLOW INFORMATION                              |                                                           |                            |   |   |   |
|                                        |                                                    |                                                           |                            |   |   |   |   |
|                                        | CASH      PAID FOR:                                     |                                                           |                            |   |   |   |
|                                        |                                                    |                                                           |                            |   |   |   |   |
|                                        |                                                    | Interest                                                       | $                               | 2,624  |   | $ | 3,931  |
|                                        |                                                    | Income      taxes                                              | $                               | -  |   | $ | 440,617  |

----

|                          |        June      30, 2010 |          |        March      31, 2010 |
|-------------------------------|--------------------------------|---------------|---------------------------------|
| Raw      materials            | $                              | 640,215  |                            | $ | 612,599  |
| Work      in progress         |                           | 5,677    |                            |   | 5,432  |
| Finished      goods           |                           | 55,940   |                            |   | 53,527  |
| Reserve      for obsolescence |                           | (46,896)      |                            |   | (46,879) |
| Total                         | $                              | 654,936  |                            | $ | 624,679  |

----

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----

----

|                                                     | Three      months ended |
|----------------------------------------------------------|-------------------------|
|                                                     | June      30,           |
|                                                     | 2010                    |   | 2009 |
| Net      cash provided by (used in) operating activities | $                       | 154,823 |   | $ | (6,283) |
| Net      cash used in investing activities               |                    | (88,693) |   |   | (4,270) |
| Net      cash provided by financing activities           |                    | - |   |   | - |
| Effect      of exchange rate changes on cash             |                    | (40,517) |   |   | 20,007 |
| NET      INCREASE IN CASH                                | $                       | 25,613 |   | $ | 9,454 |

----

----

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|   | Exhibit      31.1 | Certification      of Principal Executive Officer Pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
|--------|-------------------|------------------------------------------------------------------------------------------------------------------|
|   |              |                                                                                                             |
|   | Exhibit      31.2 | Certification      of Principal Financial Officer Pursuant to Section 302 of the      Sarbanes-Oxley Act of 2002 |
|   |              |                                                                                                             |
|   | Exhibit      32.1 | Certification      of Principal Executive Officer Pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 |
|   |              |                                                                                                             |
|   | Exhibit      32.2 | Certification      of Principal Executive Officer Pursuant to Section 906 of the      Sarbanes-Oxley Act of 2002 |

|   | PROFIRE      ENERGY, INC. |
|--------|---------------------------|

| Date:  | August      11, 2010 |   | By:    | /s/      Brenton W. Hatch    |   |
|--------|----------------------|--------|--------|------------------------------|--------|
|   |                 |   |   | Brenton      W. Hatch        |   |
|   |                 |   |   | Chief      Executive Officer |   |

| Date:  | August      11, 2010 |   | By:    | /s/      Andrew Limpert      |   |
|--------|----------------------|--------|--------|------------------------------|--------|
|   |                 |   |   | Andrew      Limpert          |   |
|   |                 |   |   | Chief      Financial Officer |   |

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