What changed in this filing

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Item 3. Quantitative and Qualitative Disclosures About Market Risk

2020-10-15 compared with 2020-07-15 · 26 added, 31 removed, 4 unchanged (93% of the section changed)

ITEM 3 - Quantitative and Qualitative

Disclosures about Market Risk

The Company does not issue or invest in financial

instruments or derivatives for trading or speculative purposes.

Substantially all of the operations of the Company are conducted

in the United States, and, as such, are not subject to material foreign currency exchange rate risk.

All of our sales transactions

are completed in US dollars.

Although the Company's assets included $4,382,000

in cash and $3,908,000 in marketable securities, the market rate risk associated with changing interest rates in the United States

is not material.

ITEM 3 - Quantitative and Qualitative Disclosures about Market Risk

The Company does not issue or invest in financial instruments or derivatives for

trading or speculative purposes.

Substantially all of the operations of the Company are conducted in the United States, and, as

such, are not subject to material foreign currency exchange rate risk.

All of our sales transactions are completed in US dollars.

Although the Company's assets included $3,972,000 in cash and $3,853,000 in marketable

securities, the market rate risk associated with changing interest rates in the United States is not material.

ITEM 4 –

Controls and Procedures

The Company has established and

maintains “disclosure controls and procedures”

(as those terms are defined in Rules 13a –15(e) and 15d-15(e)

under the Securities and Exchange Act of 1934 (the “Exchange Act”).

The Company has established and maintains “disclosure controls and procedures”

(as those terms are defined in Rules 13a –15(e) and 15d-15(e) under the Securities and Exchange Act of 1934 (the “Exchange

Christopher L.

Coccio, Chief Executive Officer

(principal executive) and Stephen J.

Bagley, Chief Financial Officer (principal accounting officer) of the Company, have evaluated

the Company’s disclosure controls and procedures as of May 31, 2020.

Based on this evaluation, they have concluded that

the Company’s disclosure controls and procedures were effective to ensure that information required to be disclosed by the

Company in reports that it files or submits under the Exchange Act is (1) recorded, processed, summarized and reported within

the time periods specified in Securities and Exchange Commission rules and forms, and (2) accumulated and communicated to Management,

including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding timely disclosure.

In addition, there were no changes

in the Company’s internal controls over financial reporting during the first fiscal quarter of 2021 that have materially

affected, or are reasonably likely to materially affect, internal controls over financial reporting.

Coccio, Chief Executive Officer (principal executive) and Stephen J.

Bagley, Chief Financial Officer

(principal accounting officer) of the Company, have evaluated the Company’s disclosure controls and procedures as of August

Based on this evaluation, they have concluded that the Company’s disclosure controls and procedures were effective

to ensure that information required to be disclosed by the Company in reports that it files or submits under the Exchange Act is

(1) recorded, processed, summarized and reported within the time periods specified in Securities and Exchange Commission rules

and forms, and (2) accumulated and communicated to Management, including our Chief Executive Officer and Chief Financial Officer,

to allow timely decisions regarding timely disclosure.

In addition, there were no changes in the Company’s internal controls over

financial reporting during the second fiscal quarter of 2021 that have materially affected, or are reasonably likely to materially

affect, internal controls over financial reporting.

PART II - OTHER INFORMATION

Required for Smaller Reporting Companies

Sales of Equity Securities and Use of Proceeds.

Upon Senior Securities

Safety Disclosures

Legal Proceedings

Note Required for Smaller Reporting Companies

Unregistered Sales of Equity Securities and Use of Proceeds.

Defaults Upon Senior Securities

Mine Safety Disclosures

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-Q

Item 3. Quantitative and Qualitative Disclosures About Market Risk