Industry analysis from over 900,000 market research reports and 400,000 company reports World's largest and most respected Market Research resource. Any unanticipated change in any one of these customers’ credit worthiness or other matters affecting the collectability of amounts due from such customers could have a material effect on the results of operations in the period in which such changes or events occur. Title 17 of the Code of Federal Regulations. However, both companies have purchased from the Company for many years and are expected to continue. George Risk Industries, Inc. (GRI) is a diversified manufacturer of electronic components, encompassing the security industries' widest variety of door and window contact switches, environmental products, proximity switches and custom keyboards. Restated basic and diluted earnings per share, assuming convertible preferred stock was converted for each period presented are: Weighted average common shares outstanding, basic, Weighted average common shares outstanding, diluted. Employees are eligible to participate in the Plan when they have attained the age of 21 and completed one thousand hours of service in any plan year with the Company. Security 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. George Risk Industries has a proven track record, quality products and dedicated, talented team. Net sales were at $14,126,000, up 18.397% over the previous year. The number of outstanding shares of the common stock as of August 6, 2019 was 4,952,310. Come join our family. The following tables show repurchases of GRI’s common stock made on a quarterly basis: There are still approximately 254,000 shares available to be repurchased under the current resolution. The Company is currently evaluating the potential impact of adopting the applicable guidance; however the Company does not believe that the adoption of ASU 2018-09 will have a material impact on the Company’s financial statements and related disclosures. Net gain on the sale of investments for the fiscal year ending April 30, 2018 was $200,000. Joe Shiffler Director, Investor Relations & Corporate Communications (408) 414-8528 joe@power.com Literature Requests ir@power.com. (Annual sales and employees). George Risk Industries is a publicly traded company and files annual and quarterly reports with the United States Security and Exchange Commission. In August 2018, The FASB issued ASU 2018-14 to improve the effectiveness of disclosures for defined benefit plans under ASC 715-20. On August 13, 2019, George Risk Industries, Inc. (the “Company”) filed its Annual Report on Form 10-K for the fiscal year ended April 30, 2019 (the “Original Form 10-K” or “Original Filing”). Stephanie Risk-McElroy 2018-10 “Codification Improvements to Topic 842, Leases” (“ASU 2018-10”) and ASU No. The Company pays quarterly service fees based on the value of the investments. Georges Tool Rental's annual revenues are $1-$10 million (see exact revenue data) and has 10-100 employees. The FASB issued ASU 2018-14 as part of its disclosure framework project, which has an objective and primary focus to improve the effectiveness of disclosures in the notes to financial statements. Our Security sales division, which is our largest sales generator, is directly tied to the housing industry and we normally experience the same fluctuations. Research and Development is highly focused on enhancing current products with wireless technology. The report provides a comprehensive review and anlysis of 2020 proxy season data and trends and investor voting outcomes, including ESG shareholder proposals, director elections, say-on-pay proposals, M&A, proxy contests and investor activism. The 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, 2019 and 2018. The GRI Engineering department continues to develop enhancements to our existing products as well as to develop new products that will continue to secure our position in the industry. There were no other fees incurred during each of the last two fiscal years. (408) 414-8528 In addition, the Company records an inventory obsolescence reserve, which represents the cost of the inventory that has had no movement in over two years. When other than a temporary decline is identified, the Company will decrease the cost of the investment to the new fair value and recognize a loss. Management’s Discussion and Analysis of Financial Condition and Results of Operations. This next-generation model combines our battery operated DPA series with our hard wired 289 series. The Company is a small business and employees know that the President of the Company must approve all material business. Management is always open to the possibility of acquiring a business that would complement our existing operations, which is exactly what took place in October 2017 when the Company purchased substantially all of the assets from Labor Saving Devices, Inc. (“LSDI”) and Roy Bowling (“Bowling”). As of April 30, 2019, The Company’s investments consisted of money markets, publicly traded equity securities, REITs as well as certain state and municipal debt securities and corporate bonds. Shares of different series shall be of equal rank but may vary as to terms and conditions. The guidance is effective or fiscal years ending after December 15, 2020 and early adoption is permitted. Adjustments to reconcile net income to net cash provided by operating activities: Unrealized (gain) loss on equity investments, Net cash provided by (used in) operating activities, Proceeds from sale of marketable securities, Net cash provided by (used in) investing activities, Net cash provided by (used in) financing activities, Net Increase (Decrease) in Cash and Cash Equivalents, Cash and Cash Equivalents, beginning of period. Any unanticipated change in any one of these customers’ credit worthiness or other matters affecting the collectability of amounts due from such customers could have a material effect on the results of operations in the period in which such changes or events occur. We 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: Pertain to the maintenance of records in reasonable detail that fairly reflect the transactions and dispositions of the Company’s assets; Provide reasonable assurance that transactions are recorded as necessary to permit preparation of the financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors; and. 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. Annual Report 2012-2013. In addition, and as necessary, the Company may establish specific reserves for future known or anticipated events. Deferred tax assets (liabilities) consist of the following components at April 30, 2019 and 2018: Accumulated unrealized (gain)/loss on investments. Georges Tool Rental's Annual Report & Profile shows critical firmographic facts: What is the company's size? Net cash increased by $579,000 during the year ended April 30, 2019 compared to a decrease of $2,162,000 during the year ended April 30, 2018. For the fiscal year ending April 30, 2019, other income accounted for 23.97% of income before income taxes. Attn: Investor Relations As a result of this standard, management recorded impairment losses of $68,000 for the year ended April 30, 2019 and $31,000 for the year ended April 30, 2018.

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