UNITED
STATES

SECURITIES
AND EXCHANGE COMMISSION

Washington,
D.C. 20549



FORM
10-Q/A

(Amendment
No. 1)



|(Mark
    One)
|--------------
|[X]           
|              
|              
|              
|[  ]          
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Commission
File Number 000-7092







RELIABILITY
INCORPORATED

(Exact
name of registrant as specified in its charter)



|TEXAS                                                                                  |  | 75-0868913                                                  
|-------------------------------------------------------------------------------------- |  | ------------------------------------------------------------
|(State
        or other jurisdiction of
        incorporation
        or organization) |  | (I.R.S.
        Employer
        Identification
        No.)



|2505
        Gateway Center Drive,
        P.O.
        Box 71,
        Clarksburg,
        Maryland |  | 20871         
|---------------------------------------------------------------------------------------------------- |  | --------------
|(Address
    of principal executive offices)                                                         |  | (Zip
    Code)



(202)
965-1100

(Registrant’s
telephone number, including area code)



(Former
name, former address and former fiscal year, if changed since last report)



Securities
registered pursuant to Section 12(b) of the Act:



|Title
    of each class        |  | Trading
    Symbol(s) |  | Name
    each exchange on which registered
|------------------------------ |  | --------------------- |  | ------------------------------------------
|Common
    Stock, no par value |  | RLBY                  |  | OTC
    Pink Sheets                       



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. [X] YES [  ] NO



Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted 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 such files). [X] YES [  ] NO



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



|Large
    accelerated filer [  ] |  | Accelerated
    filer [  ]       
|-------------------------------- |  | ---------------------------------
|Non-accelerated
    filer [  ]   |  | Smaller
    reporting company [X]
|                                 |  | Emerging
    growth company [  ] 



If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]



Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). [  ] YES [X] NO



Indicate
the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date: 300,000,000
shares of Common Stock, no par value, as of June 1, 2020.






















EXPLANATORY
NOTE



The
sole purpose of this Amendment No. 1 (“Amendment”) to the Quarterly Report on Form 10-Q of Reliability Incorporated
(the “Company”) for the quarter ended March 31, 2020, that was filed with the U.S. Securities and Exchange Commission
(the “Commission”) on June 15, 2020 (the “Original Form 10-Q”) is to add this Explanatory Note disclosing
that, as previously disclosed in the Company’s Current Report on Form 8-K, as filed with the Commission on May 7, 2020 (the
“Form 8-K”), and in accordance with the Commission’s March 4, 2020 Order (Release No. 34-88318), as modified
on March 25, 2020 (Release No. 34-88465) (the “Order”), the Company (i) relied upon the relief provided by the Order
in connection with the filing of the Company’s quarterly report on Form 10-Q for the quarter ended March 31, 2020 (“Form
10-Q”) and (ii) was unable to file the Form 10-Q on its customary schedule because the Company’s operations and business
experienced disruptions due to the unprecedented conditions surrounding the COVID-19 pandemic. In particular, COVID-19 caused
severe disruptions in travel and transportation and limited access to the Company’s facilities resulting in limited support
from its staff. This, in turn, delayed the Company’s ability to complete its quarterly review and prepare the Form 10-Q.
As indicated above, the Company filed the Original Form 10-Q on June 15, 2020, which was within the permissible extended filing
deadline pursuant to the Order.



Pursuant
to Rule 12b-15 under the Exchange Act, this Amendment also contains new certifications of the Company’s principal executive
officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Because no financial statements
are included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items 307 or 308 of
Regulation S-K promulgated by the SEC under the Exchange Act, paragraphs 3, 4 and 5 of the Section 302 certifications have been
omitted. In addition, because no financial statements are included in this Amendment, new certifications of the Company’s
principal executive officers and principal financial officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are not
required to be included with this Amendment.



Except
as described above, this Amendment does not amend, modify or update the information in, or exhibits to, the Original Form 10-Q.
Furthermore, this Amendment does not change any previously reported financial results nor does it reflect events occurring after
the filing of the Original Form 10-Q. This Amendment should be read in conjunction with the Original Form 10-Q.













Part
        II.



Item 6. Exhibits



|Exhibit
        Number |  | Description                                                                 
|---------------------- |  | ----------------------------------------------------------------------------
|                       | 
|31.1                   |  | CEO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|                       | 
|31.2                   |  | CFO Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.













SIGNATURES



Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned thereunto duly authorized.



|                        | RELIABILITY
    INCORPORATED
|----------------------- | ----------------------------
|                        |                             
|Date:
    June 18, 2020 | By:                         
|                        |                             
|                        |                             
|                        |                             
|Date:
    June 18, 2020 | By:                         
|                        |                             
|                        |