What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2023-07-31 compared with 2022-08-15 · 60 added, 57 removed, 239 unchanged (33% of the section changed)

29 unchanged sentences

an outside party.

Due to the departure of the Controller, the current CEO and CFO roles are

being fulfilled by the same individual.

A part-time Controller was hired in March 2023, but 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.

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,

22 unchanged sentences

Occupation or Employment

Officer Since

of the Board, Chief Executive Officer and Chief Financial Officer

of the Board, Chief Executive

and Chief Financial Officer

Secretary/Treasurer

4 unchanged sentences

following director compensation table is furnished with respect to each director that served during the year ended April 30, 2023:

Director’s Fees Paid

Option Awards

Non-equity incentive plan compen-sation

Non-qualified deferred compensation earnings

incentive plan compen-sation

Non-qualified

deferred compensation earnings

Stephanie Risk-McElroy (1)

5 unchanged sentences

paid $200 per meeting for their services.

of Certain Significant Employees

Relationships

Identification of Certain Significant Employees

Family Relationships

Risk-McElroy and Bonita P.

Risk have a daughter - mother relationship.

Experience of Directors and Executive Officers

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

Business Experience of Directors and Executive Officers

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

in the accounting field.

23 unchanged sentences

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” industry.

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” industry.

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

30 unchanged sentences

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.

Marv’s LP Gas, Inc., and Jerry Knutsen, Inc., and he co-owned Kimball Ford-Lincoln-Mercury.

He served 24 years and held several

5 unchanged sentences

Involvement in Certain Legal Proceedings

(g) Promoters

and Control Persons

Promoters and Control Persons

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

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services rendered in all capacities during each of the Company’s fiscal years ended April 30, 2023 and 2022.

Incentive Plan

Compen-sation

Pension Value and

Non-qualified

Compen-sation

Bonita Risk, Director, Shareholder, Employee

and principal position

Incentive Plan Compen-sation

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

Other Compen-sation

Risk, Director,

Shareholder, Employee

Stephanie Risk-McElroy,

CEO/CFO, Director, Shareholder

Scott McMurray, Director of Sales

CEO/CFO, Director,

Scott McMurray, Director

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

12 unchanged sentences

Percentages are determined based on 4,930,543 shares

of Common Stock of the Company issued and outstanding and less treasury shares as of April 30, 2022 To the best of our knowledge, subject

of Common Stock of the Company issued and outstanding and less treasury shares as of April 30, 2023.

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)

and Address of Beneficial Owner (1)

of Shares of Common Stock (2)

of Class of Stock Outstanding (3)

Executive Officers and Directors:

Bonita Risk – Director

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, CEO, & CFO

Donna Debowey – Director

Daniel Douglas – Vice President, Materials

All Officers and Directors as a group

Executive Officers and

Risk – Director

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

Chairman, CEO, & CFO

Less than 1 %

Donna Debowey –

Less than 1 %

Daniel Douglas –

Vice President, Materials

Less than 1 %

Officers and Directors as a group

otherwise indicated, the address of the named beneficial owner is George Risk Industries,

11 unchanged sentences

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

Wiens, Director

Interest Income

Joel Wiens, Director

Accountant Fees and Services

3 unchanged sentences

Haynie & Company

Carey Schroeder, CPA

Haynie & Company

CFO Systems, LLC

Carey Schroeder

2) Audit-Related

7 unchanged sentences

Tax Resources Group, Inc.

Haynie & Company

Tax Resources Group, Inc.

Tax Resources Group, Inc .

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

1 unchanged sentence

The amounts are listed below:

Haynie & Company

CFO Systems, LLC

Board of Directors considered whether, and determined that, the auditor’s provisions

3 unchanged sentences

and Reports on Form 8–K

Articles 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

Certificate 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 herein

Vendor 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 as Exhibit 10.1 to the Registrant’s Form 10-K for the fiscal year ended April 30, 2012, and incorporated by reference herein.

Certification pursuant to Rule 13a-14(a) of the Chief Executive Officer (Principal Financial and Accounting Officer)

Certification pursuant to 18 U.S.C.

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.

– Filed as Exhibit 10.1 to the Registrant’s Form 10-K for the fiscal

year ended April 30, 2012, and incorporated by reference herein.

Certification

pursuant to Rule 13a-14(a) of the Chief Executive Officer (Principal Financial and Accounting Officer)

Certification

pursuant to 18 U.S.C.

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

2 unchanged sentences

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

/s/ STEPHANIE

and Chairman of the Board

5 unchanged sentences

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