What changed in this filing

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Item 9A. Controls and Procedures

2021-08-12 compared with 2020-08-13 · 216 added, 218 removed, 98 unchanged (82% of the section changed)

1 unchanged sentence

of disclosure controls and procedures:

on their evaluation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange

Act) as of April 30, 2020 our president and chief executive officer (also working as our chief financial officer) has concluded

that our disclosure controls and procedures are effective such that information required to be disclosed by us in the reports

that we file or submit under the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified

in the Securities and Exchange Commission’s rules and (ii) accumulated and communicated to our management, including our

chief executive officer (also working as our chief financial officer), as appropriate to allow timely decisions regarding disclosure.

A control system cannot provide absolute assurance, however, that the objectives of the control systems are met, and no evaluation

of controls can provide absolute assurance that all control issues and instances of fraud, if any, within a company have been

on their evaluation of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as

of April 30, 2021 our president and chief executive officer (also working as our chief financial officer) has concluded that our disclosure

controls and procedures are effective such that information required to be disclosed by us in the reports that we file or submit under

the Exchange Act is (i) recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange

Commission’s rules and (ii) accumulated and communicated to our management, including our chief executive officer (also working

as our chief financial officer), as appropriate to allow timely decisions regarding disclosure.

A control system cannot provide absolute

assurance, however, that the objectives of the control systems are met, and no evaluation of controls can provide absolute assurance

that all control issues and instances of fraud, if any, within a company have been detected.

control over financial reporting :

Company’s management is responsible for establishing and maintaining adequate internal controls over financial reporting

for the Company.

Due to limited resources, Management conducted an evaluation of internal controls based on criteria established

in Internal Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).

The results of this evaluation determined that our internal control over financial reporting was ineffective for the years ended

of April 30, 2020 and 2019, due to a material weakness.

A material weakness in internal control over financial reporting is defined

as a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable

possibility that a material misstatement of the Company’s annual or interim financial statements will not be prevented or

detected on a timely basis.

A significant deficiency is a deficiency, or a combination of deficiencies, in internal control over

financial reporting that is less severe than a material weakness, yet important enough to merit attention by those responsible

for oversight of our financial reporting.

Company’s management is responsible for establishing and maintaining adequate internal controls over financial reporting for the

Due to limited resources, Management conducted an evaluation of internal controls based on criteria established in Internal

Control - Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”).

results of this evaluation determined that our internal control over financial reporting was ineffective for the years ended of April

30, 2021 and 2020, due to a material weakness.

A material weakness in internal control over financial reporting is defined as a deficiency,

or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material

misstatement of the Company’s annual or interim financial statements will not be prevented or detected on a timely basis.

A significant

deficiency is a deficiency, or a combination of deficiencies, in internal control over financial reporting that is less severe than a

material weakness, yet important enough to merit attention by those responsible for oversight of our financial reporting.

Management’s

assessment identified the following material weakness in internal control over financial reporting:

The small size of our Company limits our ability

to achieve the desired level of separation of duties for proper internal controls and financial reporting, particularly

as it relates to financial reporting to assure material disclosures or implementation of newly issued accounting standards

are included.

A secondary review over annual and quarterly filings does not occur.

Due to the departure of the Controller,

the current CEO and CFO roles are being fulfilled by the same individual.

We do not have an audit committee.

We do not believe

we have met the full requirement for separation for financial reporting purposes.

of the material weakness in internal control over financial reporting described above, the Company’s management has concluded

that, as of April 30, 2020 and 2019, the Company’s internal control over financial reporting was not effective based on

the criteria in Internal Control - Integrated Framework issued by the COSO.

will continue to follow the standards for the Public Company Accounting Oversight Board (United States) for internal control over

financial reporting to include procedures that:

to the maintenance of records in reasonable detail that fairly reflect the transactions and dispositions of the Company’s

small size of our Company limits our ability to achieve the desired level of separation of duties for proper internal controls and

financial reporting, particularly as it relates to financial reporting to assure material disclosures or implementation of newly

issued accounting standards are included.

A secondary review over annual and quarterly filings does occur with an outside party.

Due to the departure of the Controller, the current CEO and CFO roles are being fulfilled by the same individual.

We do not have

an audit committee.

We do not believe we have met the full requirement for separation of duties for financial reporting purposes.

of the material weakness in internal control over financial reporting described above, the Company’s management has concluded that,

as of April 30, 2021 and 2020, the Company’s internal control over financial reporting was not effective based on the criteria

in Internal Control - Integrated Framework issued by the COSO.

will continue to follow the standards for the Public Company Accounting Oversight Board (United States) for internal control over financial

reporting to include procedures that:

to the maintenance of records in reasonable detail that fairly reflect the transactions and dispositions of the Company’s assets;

reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance

5 unchanged sentences

control over financial reporting.

Management’s report was not subject to attestation by the Corporation’s independent

registered public accounting firm pursuant to Section 404(c) of the Sarbanes-Oxley Act of 2002, as amended, that permit the Corporation

to provide only the management’s report in this annual report.

Management’s report was not subject to attestation by the Corporation’s independent registered

public accounting firm pursuant to Section 404(c) of the Sarbanes-Oxley Act of 2002, as amended, that permit the Corporation to provide

only the management’s report in this annual report.

9B Other Information

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following information as of April 30, 2021, is furnished with respect to each director and executive officer:

Principal Occupation

or Employment

Director or Officer

Chairman of the Board, Chief

Executive Officer and Chief Financial Officer

August 8,1999

Sharon Westby

Occupation or Employment

Officer Since

of the Board, Chief Executive Officer and Chief Financial Officer

Secretary/Treasurer

June 16, 2006

Donna Debowey

Director, retired GRI plant manager

July 12, 2005

Director, FirsTier Banks

September 6, 2007

Director, Stock Transfer Agent at GRI

March 15, 2013

Jerry Knutsen

Director, retired business owner

August 29, 2016

retired GRI plant manager

FirsTier Banks

Stock Transfer Agent at GRI

retired business owner

following director compensation table is furnished with respect to each director that served during the year ended April 30, 2021:

Director’s

incentive plan compen-sation

Non-qualified

deferred compensation earnings

Director’s Fees Paid

Option Awards

Non-equity incentive plan compen-sation

Non-qualified deferred compensation earnings

Stephanie Risk-McElroy (1)

Sharon Westby (1)

Jerry Andersen (2)

Donna Debowey (2)

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inside directors (1), or employees of the Company, do not receive additional compensation for their services.

Outside directors

(2) are paid $200 per meeting for their services.

Outside directors (2) are

paid $200 per meeting for their services.

Identification of Certain Significant Employees

3 unchanged sentences

Business Experience of Directors and Executive Officers

Risk-McElroy , Chairman of the Board, Chief Executive Officer, and Chief Financial Officer, has over twenty-five years of experience

Risk-McElroy , Chairman of the Board, Chief Executive Officer, and Chief Financial Officer, has over twenty-seven years of experience

in the accounting field.

Risk-McElroy graduated from Hastings College with a degree in Accounting.

Stephanie worked for Platte

Valley Sales from May 1990 until January 1997 as a staff accountant.

In 1997, she pursued her career with an accounting manager

position at Kershner’s Auto Korner in Hastings, NE.

She joined the accounting staff at GRI in 1999 and then was promoted

to CFO upon retirement of the prior CFO.

Stephanie worked for Platte Valley

Sales from May 1990 until January 1997 as a staff accountant.

In 1997, she pursued her career with an accounting manager position at

Kershner’s Auto Korner in Hastings, NE.

She joined the accounting staff at GRI in 1999 and then was promoted to CFO upon retirement

of the prior CFO.

Upon the death of her father, Ken R.

Risk, in February 2013, she was appointed to the

position of Chairman of the Board and Chief Executive Officer.

Risk, in February 2013, she was appointed to the position of Chairman of the Board

and Chief Executive Officer.

Risk-McElroy serves on the Board of Directors of GRI, as a direct link to the financial condition of the Company.

staff oversee all the accounting obligations of the Company.

She has knowledge and experience in business outside of the Company

that makes her an asset to the Board.

And as President of the Company, she oversees all the day to day operations as well.

Westby , the Corporate Secretary, worked at GRI right after high school for a couple of years as the personal secretary to

the Founder of the Company, George Risk, who was President and CEO.

Before she returned to the Company in 1982, Sharon was a Clerk

Steno 1 at Jackson County Welfare in Kansas City, MO, worked in medical records at the Kimball County Hospital in Kimball, NE,

and also managed motels in Texas and Nebraska.

She is the Executive Assistant to the President and CEO and Sales Administrator

of the Keyboard and Switch division of GRI.

She and her staff oversee

all the accounting obligations of the Company.

She has knowledge and experience in business outside of the Company that makes her an

asset to the Board.

And as President of the Company, she oversees all of the day-to-day operations as well.

Westby , the Corporate Secretary, worked at GRI right after high school for a couple of years as the personal secretary to the Founder

of the Company, George Risk, who was President and CEO.

Before she returned to the Company in 1982, Sharon was a Clerk Steno 1 at Jackson

County Welfare in Kansas City, MO, worked in medical records at the Kimball County Hospital in Kimball, NE, and also managed motels in

Texas and Nebraska.

She is the Executive Assistant to the President and CEO and Sales Administrator of the Keyboard and Switch division

Westby continues in her position on the Board of Directors at GRI with over 35 years of experience with the Company.

the Company through many years of ups and downs has broad knowledge of her product line and is very customer oriented in trying

to sell her products to the “non-security use”

She has seen the

Company through many years of ups and downs has broad knowledge of her product line and is very customer oriented in trying to sell her

products to the “non-security use”

Debowey , Director, worked in various retail stores and restaurants until she started at GRI in 1968.

1 unchanged sentence

line, but quickly worked her way up the ranks.

She has been a Production Line Supervisor, Director of Quality Control and was

named Plant Manager and Senior Vice President in 1998.

She has been a Production Line Supervisor, Director of Quality Control and was named Plant

Manager and Senior Vice President in 1998.

She held that position until her retirement in 2003.

Debowey made the transition from employee of GRI to a member of the Board of Directors with no hesitation after her retirement.

She brings her 50+ years of experience in the industry to the table and has a vested interest in seeing the continued success

of the Company that she helped to build.

her 50+ years of experience in the industry to the table and has a vested interest in seeing the continued success of the Company that

she helped to build.

Wiens , Director, is an entrepreneur with many business interests.

He is a director and principal shareholder of FirsTier

Banks Nebraska/Wyoming, director of FirsTier II BanCorporation (which owns FirsTier Bank Nebraska/Wyoming), Chairman of Rite-A-Way

Industries (lodging and hospitality industries), real estate investments, and ranching and livestock.

He is a director and principal shareholder of FirsTier Banks

Nebraska/Wyoming, director of FirsTier II BanCorporation (which owns FirsTier Bank Nebraska/Wyoming), Chairman of Rite-A-Way Industries

(lodging and hospitality industries), real estate investments, and ranching and livestock.

Wiens took his place on the Board of Directors when his predecessor Mike Nelson, (who is affiliated with Mr.

institutions) retired from the Board to take another position within the banks and moved away.

Joel’s knowledge and experience

in business and industry span 50+ years and serves as a valuable asset to GRI.

financial institutions)

retired from the Board to take another position within the banks and moved away.

Joel’s knowledge and experience in business and

industry span 50+ years and serves as a valuable asset to GRI.

Risk, Director, attended Wayne State College, in Wayne, Nebraska.

Upon returning back home to Columbus, NE, she worked

in factory positions.

Upon returning back home to Columbus, NE, she worked in factory

Upon her marriage to Ken Risk, she became a homemaker, raising 3 children and working at several sales positions.

In 1981, she and Ken started Platte Valley Sales in Hastings, Nebraska, and her expertise was in accounting and sales.

she ran the Hastings business while Ken devoted his time to both GRI in Kimball and Platte Valley Sales in Hastings.

Ken and Bonita

moved to Kimball in 1997.

she and Ken started Platte Valley Sales in Hastings, Nebraska, and her expertise was in accounting and sales.

For 8 years, she ran the

Hastings business while Ken devoted his time to both GRI in Kimball and Platte Valley Sales in Hastings.

Ken and Bonita moved to Kimball

In 1998, she began at GRI in sales support.

She continues in sales support and became the Company stock

transfer agent in 2004 upon the retirement of Eileen Risk and is an assistant to the chief financial officer.

She continues in sales support and became the Company stock transfer agent in 2004

upon the retirement of Eileen Risk and is an assistant to the chief financial officer.

Knutsen , Director, has lived in Kimball, Nebraska most of his life.

1 unchanged sentence

of Nebraska at Lincoln.

Before his retirement, Jerry owned and operated several businesses over his career, including Knutsen

Oil, Inc., Marv’s LP Gas, Inc., and Jerry Knutsen, Inc.

Before his retirement, Jerry owned and operated several businesses over his career, including Knutsen Oil, Inc.,

Marv’s LP Gas, Inc., and Jerry Knutsen, Inc.

and he co-owned Kimball Ford-Lincoln-Mercury.

He served 24 years

and held several positions on the school board in Kimball, NE.

Knutsen is a past member and president of The Nebraska Propane

Gas Association and The Nebraska Petroleum Marketers & Convenience Store Association.

Other boards he is presently serving

on include the Kimball Schools Foundation Board of Directors and Kimball Health Services Board of Trustees.

He served 24 years and held several

positions on the school board in Kimball, NE.

Knutsen is a past member and president of The Nebraska Propane Gas Association and

The Nebraska Petroleum Marketers & Convenience Store Association.

Other boards he is presently serving on include the Kimball Schools

Foundation Board of Directors and Kimball Health Services Board of Trustees.

Involvement in Certain Legal Proceedings

1 unchanged sentence

with Section 16(a) of the Securities Exchange Act of 1934

16(a) of the Exchange Act requires our executive officers and directors and persons who own more than 10% of a registered class

of our equity securities to file with the SEC initial statements of beneficial ownership, reports of changes in ownership and

annual reports concerning their ownership of our common stock and other equity securities, on Forms 3, 4 and 5 respectively.

officers, directors and greater than 10% shareholders are required by the SEC regulations to furnish us with copies of all Section

16(a) reports that they file.

solely on our review of copies of the Section 16(a) reports filed for the fiscal year ended April 30, 2020, we believe that all

filing requirements applicable to our officers, directors, and greater than 10% beneficial owners were complied with.

16(a) of the Exchange Act requires our executive officers and directors and persons who own more than 10% of a registered class of our

equity securities to file with the SEC initial statements of beneficial ownership, reports of changes in ownership and annual reports

concerning their ownership of our common stock and other equity securities, on Forms 3, 4 and 5 respectively.

Executive officers, directors

and greater than 10% shareholders are required by the SEC regulations to furnish us with copies of all Section 16(a) reports that they

solely on our review of copies of the Section 16(a) reports filed for the fiscal year ended April 30, 2020, we believe that all filing

requirements applicable to our officers, directors, and greater than 10% beneficial owners were complied with.

of Ethics and Code of Business Conduct

Company does not have a written code of ethics at this time.

The Company is a small business and employees know that the President

of the Company must approve all material business.

The Company also has checks and balances to make sure that there is not any

fraud or illegal activities taking place.

The Company is a small business and employees know that the President of

the Company must approve all material business.

The Company also has checks and balances to make sure that there is not any fraud or

illegal activities taking place.

and Compensation Committees

do not have standing nominating or compensation committees, or committees performing similar functions.

Our Board of Directors

believes that it is not necessary to have a standing compensation committee at this time because our Board of Directors adequately

performs the functions of such committee.

Board of Directors also is of the view that it is appropriate for us not to have a standing nominating committee because our Board

of Directors has performed and will perform adequately the functions of a nominating committee.

Our Board of Directors has not

adopted a charter for the nomination committee.

There have not been any defined policy or procedure requirements for stockholders

to submit recommendations or nomination for directors.

Our Board of Directors does not believe that a defined policy with regard

to the consideration of candidates recommended by stockholders is necessary at this time because we believe that, given the early

stages of our development, a specific nominating policy would be premature and of little assistance until our business operations

are at a more advanced level.

Our Board of Directors believes

that it is not necessary to have a standing compensation committee at this time because our Board of Directors adequately performs the

functions of such committee.

Board of Directors also is of the view that it is appropriate for us not to have a standing nominating committee because our Board of

Directors has performed and will perform adequately the functions of a nominating committee.

Our Board of Directors has not adopted a

charter for the nomination committee.

There have not been any defined policy or procedure requirements for stockholders to submit recommendations

or nomination for directors.

Our Board of Directors does not believe that a defined policy with regard to the consideration of candidates

recommended by stockholders is necessary at this time because we believe that, given the early stages of our development, a specific

nominating policy would be premature and of little assistance until our business operations are at a more advanced level.

do not have a standing audit committee at the present time.

Our Board of Directors has determined that we do not have a board

member that qualifies as an “audit committee financial expert”

as defined in Item 401(h) of Regulation S-K, nor do

we have a board member that qualifies as “independent”

as the term is used in Item 7(d)(3)(iv) of Schedule 14A under

the Securities Exchange Act of 1934, as amended.

proceedings of our Board of Directors for the year ended April 30, 2020 were conducted by resolutions consented to in writing

by our directors and filed with the minutes of the proceedings of the Board of Directors.

Our Company currently does not have

any committees.

Our Board of Directors has determined that we do not have a board member

that qualifies as an “audit committee financial expert”

as defined in Item 401(h) of Regulation S-K, nor do we have a board

member that qualifies as “independent”

as the term is used in Item 7(d)(3)(iv) of Schedule 14A under the Securities Exchange

Act of 1934, as amended.

proceedings of our Board of Directors for the year ended April 30, 2021 were conducted by resolutions consented to in writing by our

directors and filed with the minutes of the proceedings of the Board of Directors.

Our Company currently does not have any committees.

11 Executive Compensation

following table sets forth certain information regarding the compensation paid to or accrued by the Company to executive officers

for services rendered in all capacities during each of the Company’s fiscal years ended April 30, 2020 and 2019.

and principal position

Incentive Plan Compen-sation

in Pension Value and Non-qualified Deferred Compen-sation Earnings

Other Compen-sation

Risk, Director, Shareholder, Employee

Risk-McElroy,

Director, Shareholder

McMurray, Director of Sales

Risk, Stephanie Risk-McElroy, and Scott McMurray receive a base salary and bonus/commission based on a percentage of sales for

following table sets forth certain information regarding the compensation paid to or accrued by the Company to executive officers for

services rendered in all capacities during each of the Company’s fiscal years ended April 30, 2021 and 2020.

Name and principal

Option Awards

Non-Equity Incentive Plan Compen-sation

Change in Pension Value and Non-qualified Deferred Compen-sation Earnings

All Other Compen-sation

Bonita Risk, Director, Shareholder, Employee

Stephanie Risk-McElroy,

CEO/CFO, Director, Shareholder

Scott McMurray, Director of Sales

Risk, Stephanie Risk-McElroy, and Scott McMurray receive a base salary and bonus/commission based on a percentage of sales for the year.

were no other officers compensated in excess of $100,000 for the fiscal years ended April 30, 2021 and 2020.

12 Security Ownership of Certain Beneficial Owners and Management

following table sets forth certain information regarding our Common Stock beneficially owned as of April 30, 2020, for (i) each

stockholder known to be the beneficial owner of 5% or more of our outstanding Common Stock, (ii) each executive officer and director,

and (iii) all executive officers and directors as a group.

In general, a person is deemed to be a beneficial owner of a security

if that person has or shares the power to vote or direct the voting of such security, or the power to dispose or to direct the

disposition of such security.

A person is also deemed to be a beneficial owner of any securities of which the person has the right

to acquire beneficial ownership within 60 days.

Shares of Common Stock subject to options, warrants or convertible securities

exercisable or convertible within 60 days are deemed outstanding for computing the percentage of the person or entity holding

such options, warrants or convertible securities but are not deemed outstanding for computing the percentage of any other person.

Percentages are determined based on 4,949,927 shares of Common Stock of the Company issued and outstanding and less treasury shares

as of April 30, 2020.

To the best of our knowledge, subject to community and marital property laws, all persons named have sole

voting and investment power with respect to such shares, except as otherwise noted.

and Address of Beneficial Owner (1)

of Shares of Common Stock (2)

following table sets forth certain information regarding our Common Stock beneficially owned as of April 30, 2021, for (i) each stockholder

known to be the beneficial owner of 5% or more of our outstanding Common Stock, (ii) each executive officer and director, and (iii) all

executive officers and directors as a group.

In general, a person is deemed to be a beneficial owner of a security if that person has

or shares the power to vote or direct the voting of such security, or the power to dispose or to direct the disposition of such security.

A person is also deemed to be a beneficial owner of any securities of which the person has the right to acquire beneficial ownership

within 60 days.

Shares of Common Stock subject to options, warrants or convertible securities exercisable or convertible within 60 days

are deemed outstanding for computing the percentage of the person or entity holding such options, warrants or convertible securities

but are not deemed outstanding for computing the percentage of any other person.

Percentages are determined based on 4,946,469 shares

of Common Stock of the Company issued and outstanding and less treasury shares as of April 30, 2021.

To the best of our knowledge, subject

to community and marital property laws, all persons named have sole voting and investment power with respect to such shares, except as

otherwise noted.

Name and Address of Beneficial Owner (1)

Number of Shares of Common Stock (2)

% of Class of Stock Outstanding (3)

Executive Officers

and Directors:

Executive Officers and Directors:

Bonita Risk –

The above director

has beneficial ownership over the Kenneth Risk Trust that owns 2,187,056 shares, Bonita Risk Family Irrevocable Trust that

owns 732,470 shares, and 28,685 shares owned personally.

The above director has beneficial ownership over the Kenneth Risk Trust that owns 2,187,056 shares, Bonita Risk Family Irrevocable Trust that owns 732,470 shares, and 27,602 shares owned personally.

As a result, combined, they have voting and shared dispositive control.

Risk-McElroy Chairman,

Risk-McElroy Chairman, CEO, & CFO

Less than 1 %

Donna Debowey –

Less than 1 %

Daniel Douglas –

Vice President,

and Directors as a group

Vice President, Materials

Less than 1 %

All Officers and Directors as a group

otherwise indicated, the address of the named beneficial owner is George Risk Industries, Inc., 802 S.

Elm St., Kimball, NE 69145.

ownership information for named beneficial owners (other than executive officers and directors of the Company) is taken from

statements filed with the Securities and Exchange Commission pursuant to information made known by the Company and from the

Company’s transfer agent.

ownership information for named beneficial owners (other than executive officers and directors of the Company) is taken from statements

filed with the Securities and Exchange Commission pursuant to information made known by the Company and from the Company’s

transfer agent.

on the net shares outstanding as of April 30, 2021.

This consists of Common Shares issued and outstanding (8,502,881) less

treasury shares (3,522,954).

are not aware of any arrangements, including any pledge by any person of our securities, the operation of which may result in

a change in control of the Company.

This consists of Common Shares issued and outstanding (8,502,881) less treasury

shares (3,556,412).

are not aware of any arrangements, including any pledge by any person of our securities, the operation of which may result in a change

in control of the Company.

13 Certain Relationships and Related Party Transactions

each of three years ended April 30, 2021, 2020, and 2019, the Company executed transactions with related entities and individuals.

Each of the transactions was in terms at least as favorable as could be obtained from unrelated third parties.

Risk, Director

Wiens, Director

of the transactions was in terms at least as favorable as could be obtained from unrelated third parties.

Related Party

Bonita Risk, Director

Bank Balances

Joel Wiens, Director

Interest Income

Joel Wiens, Director

14 Principal Accountant Fees and Services

1 unchanged sentence

accountants for the audit of our annual financial statements and review of our financial statements for Form 10-Q.

are listed below:

The amounts are listed

Haynie & Company

CFO Systems, LLC

Carey Schroeder

Haynie & Company

1 unchanged sentence

Audit-Related Fees

Company incurred aggregate fees and expenses for professional services rendered by our principal accountants for the audit of

the Company’s employee benefit plan.

Company incurred aggregate fees and expenses for professional services rendered by our principal accountants for the audit of the Company’s

employee benefit plan.

The amounts are listed below:

1 unchanged sentence

Haynie & Company

Company incurred aggregate fees or expenses for professional services rendered by tax accountants for tax compliance, tax advice,

and tax planning for the last two fiscal years.

Company incurred aggregate fees or expenses for professional services rendered by tax accountants for tax compliance, tax advice, and

tax planning for the last two fiscal years.

Haynie & Company

3 unchanged sentences

All Other Fees

Company incurred aggregate fees and expenses for professional services rendered by our principal accountants for restatement of

some of the Company’s 10-Qs and 10-K.

Company incurred aggregate fees and expenses for professional services rendered by our principal accountants for restatement of some

of the Company’s 10-Qs and 10-K.

The amounts are listed below:

1 unchanged sentence

CFO Systems, LLC

The Board of Directors, considered whether, and determined

that, the auditor’s provisions of non-audit services were compatible with maintaining the auditor’s independence.

All the services described above were approved by the Board of Directors pursuant to its policies and procedures.

Haynie & Company

CFO Systems, LLC

The Board of Directors, considered whether, and determined that, the auditor’s provisions of non-audit services were compatible

with maintaining the auditor’s independence.

All the services described above were approved by the Board of Directors pursuant

to its policies and procedures.

15 Exhibits and Reports on Form 8–K

of Incorporation—Filed as Exhibit 5 to the Registrant’s Form 10–K for the fiscal year ended April 10, 1970,

and incorporated by reference herein

of Amendment to the Articles of Incorporation of the Registrant—Filed as Exhibit 1.2 to the Registrant’s Form

10–K for the fiscal year ended April 30, 1971, and incorporated by reference herein

of Incorporation—Filed as Exhibit 5 to the Registrant’s Form 10–K for the fiscal year ended April 10, 1970, and

incorporated by reference herein

of Amendment to the Articles of Incorporation of the Registrant—Filed as Exhibit 1.2 to the Registrant’s Form 10–K

for the fiscal year ended April 30, 1971, and incorporated by reference herein

By-laws—Filed

as Exhibit 1.3 to the Registrant’s Form 10–K for the fiscal year ended April 10, 1971, and incorporated by reference

agreement dated as of February 16, 2011 between Honeywell International, Inc., acting through the ADI business of its Security

Group (“ADI”) and George Risk Industries, Inc.

agreement dated as of February 16, 2011 between Honeywell International, Inc., acting through the ADI business of its Security Group

(“ADI”) and George Risk Industries, Inc.

Filed herewith.

2 unchanged sentences

1350 of the Chief Executive Officer (Principal Financial and Accounting Officer)

Portions of this exhibit have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities

Exchange Act of 1934.

Portions of this exhibit have been omitted pursuant to a request for confidential treatment under Rule 24b-2 under the Securities Exchange

The request is currently under review.

to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused

this report to be signed on its behalf by the undersigned, thereunto duly authorized.

and Chairman of the Board

to the requirements of the securities exchange act of 1934, this report has been signed below by the following persons on behalf

of the registrant and in the capacities and on the dates indicated.

and Chairman of the Board

Pursuant to the requirements of Section 13 or 15(d)

of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned,

thereunto duly authorized.

August 11, 2021

President and Chairman of the Board

to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report

to be signed on its behalf by the undersigned, thereunto duly authorized.

August 11, 2021

President and Chairman of the Board

DONNA DEBOWEY

August 11, 2021

JERRY KNUTSEN

August 11, 2021

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures