U.S. SECURITIES AND EXCHANGE COMMISSION
                          Washington, DC 20549
                             Form 10-K/A


[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
     SECURITIES EXCHANGE ACT OF 1934

         For the fiscal year ended April 30, 2013

[  ]  TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
      SECURITIES EXCHANGE ACT OF 1934

         For the transition period from  __________  to _________

                Commission File Number: 000-05378

                  George Risk Industries, Inc.
                  ----------------------------

        (Exact Name of registrant as specified in its charter)
            Colorado                        84-0524756
            --------                        ----------
  (State of  incorporation)         (I.R.S. Employer Identificn No.)

         802 South Elm
          Kimball, NE                         69145
          -----------                         -----
(Address of principal executive             (Zip Code)
            offices)

Issuer's telephone number (308) 235-4645
                          --------------
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class       Name of Exchange on Which Registered
          None                      None
          ----                      ----
Securities registered under Section 12(g) of the Act:

          Class A Common Stock, $.10 par value
                     (Title of class)


Indicate by check mark if the registrant is a well-known seasoned issuer,
as defined in Rule 405 of the Securities Act.

                                                   Yes [  ]    No [X]

Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Sections 15(d) of the Act.

                                                   Yes [ ]     No [X]


Indicate by check mark whether the registrant (1) filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act 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 re-
quirements for the past 90 days.
                                                    Yes [X]     No [ ]
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Indicate by check mark whether the registrant has submitted electronically
and posted on its corporate Website, if any, every Interactive Data File re-
quired to be submitted and posted pursuant to Rule 405 of Regulation S-T
(Section 229-405 of this chapter) during the preceding 12 months (or for such
shorter period that the registrant was required to submit and post such
files).

                                                Yes  [ ]      No  [X]

Indicate by check mark if disclosure of delinquent filers pursuant to Item
405 of Regulation S-K (Section 229-405 of this chapter) is not contained
herein, to the best of registrant's knowledge, in definitive proxy or inform-
ation statements incorporated by reference in Part III of this Form 10-K or
any amendment to this Form 10-K. [X]

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

            Large accelerated filer  	[  ]	Accelerated filer  [  ]
	    Non-accelerated filer       [  ]	Smaller reporting company [X]
     (Do not check is smaller reporting company)

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

The aggregate market value, as of July 28, 2014, of the common stock (based
on the average of the bid and asked prices of the shares on the OCTBB of
George Risk Industries, Inc.) held by non-affiliates (assuming, for this
purpose, that all directors, officers and owners of 5% or more of the
registrant's common stock are deemed affiliates) was approximately
$14,447,654.


The number of outstanding shares of the common stock as of July 28, 2014 was
5,029,775.

		  DOCUMENTS INCORPORATED BY REFERENCE
A material vendor contract with a customer that accounts for a material
portion of our sales.


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<page>

                                   Part I

EXPLANATORY NOTE

This Amendment No. 1 to the Annual Report on Form 10-K/A of George Risk
Industries, Inc. (GRI), (the "Company")for the year ended April 30, 2013
is being filed to amend the financial information contained in the
Management's Discussion and Analysis of Financial Condition and Plan of
Operation in Part I and the financial statements in Part IV of the Company's
Annual Report on Form 10K for the year ended April 30, 2013 which was filed
with the Securities and Exchange Commission ("SEC") on August 14, 2013 (the
"Form 10-K").

In its previously filed financial statements for the year ended April 30,
2013, the Company misstated the deferred taxes due to an error in the capital
loss carry-forward calculation. The Company has restated its financial state-
ments for the period ended April 30, 2013 to reflect the proper adjustments.

Except as described above, no other parts of the 10-K are being amended.


Preliminary Note Regarding Forward-Looking Statements and Currency Disclosure

This annual report contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended.  These statements relate to
future events or our future financial performance.  In some cases, you can
identify forward-looking statements by terminology such as "may", "should",
"expects", "plans", "anticipates", "believes", "estimates", "predicts",
"potential" or "continue" or the negative of these terms or other comparable
terminology.  These statements are only predictions and involve known and
unknown risks, uncertainties and other factors, including the risks in the
section entitled "Risk Factors", that may cause our or our industry's actual
results, levels of activity, performance or achievements to be materially
different from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results, levels of
activity, performance or achievements.  Except as required by applicable law,
including the securities laws of the United States, we do not intend to up-
date any of the forward-looking statements to conform these statements to
actual results.

Our financial statements are stated in United States dollars, rounded to the
nearest thousand, and are prepared in accordance with United States Generally
Accepted Accounting Principles.



Item 1  Business
(a)  Business Development

George Risk Industries, Inc. (GRI or the company) was incorporated in 1967
in Colorado.  The company is presently engaged in the design, manufacture,
and sale of computer keyboards, push button switches, burglar alarm
components and systems, pool alarms, thermostats, EZ Duct wire covers and
water sensors.

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Products, Market, and Distribution

The company designs, manufactures, and sells computer keyboards, push-button
switches, burglar alarm components and systems, pool alarms, and water
sensors.  Our security burglar alarm products comprise approximately 84 per-
cent of net revenues and are sold through distributors and alarm dealers/
installers.

The security segment has approximately 3,000 customers. One of the dis-
tributors, ADI (which is a division of Honeywell International) accounts for
approximately 40 percent of the company's sales of these products. Loss of
this distributor would be significant to the company. However, this customer
has purchased from the company for many years and is expected to continue.
Also, the company has obtained a written agreement with this ADI. This agree-
ment was signed in February 2011 and initiated by the customer. The contents
of the agreement include product terms, purchasing, payment terms, term and
termination, product marketing, representations and warranties, product
support,mutual confidentiality, indemnification and insurance, and general
provisions.


The keyboard segment has approximately 800 customers. Keyboard products are
sold to original equipment manufacturers to their specifications and to dis-
tributors of off-the-shelf keyboards of proprietary design.


Competition
-----------
The company has intense competition in the keyboard and burglar alarm lines.

The burglar alarm segment has approximately ten major competitors.  The com-
pany competes well based on price, product design, quality, and prompt
delivery.

The competitors in the keyboard segment are larger companies with automated
production facilities.  GRI has emphasized small custom order sales that many
of its competitors decline or discourage.


Research and Development
------------------------
The company performs research and development for its customers when needed
and requested. Costs in connection with such product development have been
borne by the customers.  Costs associated with the development of new
products are expensed as incurred.

Employees
---------
GRI has approximately 160 employees.


Item 2  Properties

The company owns the manufacturing and some of the office facilities.  Total
square footage of the plant in Kimball, Nebraska is approximately 42,500 sq.
ft.  Additionally, the company leases 15,000 square feet for $1,535 per month
with Bonnie Risk.  Bonnie Risk is the director of the company.

As of October 1, 1996, the company also began operating a satellite plant in
Gering, NE. This expansion was done in coordination with Twin Cities
Development. The company leased manufacturing facilities until July 2005.
During the first quarter of fiscal year end 2006, the company purchased a
building that is 7,200-sq. ft. in size. Currently, there are 28 employees at
the Gering site.

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Item 3  Legal Proceedings
None.


Item 4	Submission of Matters to a Vote of Security Holders
Not applicable.




                                   Part II


Item 5	Market for the Registrant's Common Equity and Related
 Stockholders' Matter

Principal Market

The company's Class A Common Stock, which is traded under the ticker symbol
RSKIA, is currently quoted on the OTC Bulletin Board by one market maker.

Stock Prices and Dividends Information
<TABLE>
<CAPTION>


2013 Fiscal Year
                           High             Low

<S>                        <C>              <C>
May 1-July 31              $6.20            $5.02
August 1-October 31        $7.24            $5.76
November 1-January 31      $7.59            $6.55
February 1-April 30        $7.40            $6.60


</TABLE>

<TABLE>
<CAPTION>


2012 Fiscal Year
                           High             Low

<S>                        <C>              <C>
May 1-July 31              $6.50            $5.05
August 1-October 31        $7.53            $5.10
November 1-January 31      $6.75            $5.50
February 1-April 30        $6.25            $5.75

</TABLE>



A dividend of $0.28 per common share was declared on September 30, 2012
and an additional dividend of $0.22 per common share was declared on
December 16, 2012 for a total dividend payout of $0.50 per common share
for the fiscal year end 2013. As for fiscal year 2012, a dividend of
$0.23 per common share was declared on September 30, 2011.


The number of holders of record of the company's Class A Common Stock
as of April 30, 2013, was approximately 1,200.

Repurchase of Equity Securities

On September 18, 2008, the Board of Directors approved an authorization for
the repurchase of up to 500,000 shares of the company's common stock.
Purchases can be made in the open market or in privately negotiated
transactions. The Board did not specify an expiration date for the
authorization.

The following tables show repurchases of GRI's common stock made on a
quarterly basis:

<TABLE>
<CAPTION>


2013 Fiscal Year         Number of shares repurchased

<S>                            <C>
May 1-July 31                      0
August 1-October 31            5,574
November 1-January 31          1,500
February 1-April 30                0

</TABLE>

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<page>


<TABLE>
<CAPTION>

2012 Fiscal Year         Number of shares repurchased

<S>                            <C>
May 1-July 31                  3,605
August 1-October 31            2,450
November 1-January 31          1,400
February 1-April 30              970

</TABLE>


There are still approximately 359,000 shares available to be repurchased
under the current resolution.

Item 6  Selected Financial Data

As a smaller reporting company, we are not required to respond to this item.

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<page>


Item 7  Management's Discussion and Analysis of Financial Condition and
Results of Operations

Executive Overview
------------------
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. The security products division comprises the largest
portion of GRI sales and are sold worldwide through distribution, who in turn
sell these products to security installing companies.  These products are
used for residential, commercial, industrial and government installations.
International sales accounted for approximately 6.3% of revenues for fiscal
year 2013 and 5.5% for 2012.

GRI is known for its quality American made products, top-notch customer
service and the willingness to work with customers on their special
applications.

GRI owns and operates its main manufacturing plant and offices in Kimball,
Nebraska with a satellite plant 40 miles away in Gering, Nebraska.

The company has substantial marketable securities holdings and these holdings
have a material impact on the financial results.  For the fiscal year ending
April 30, 2013, other income accounted for 31.66% of income before income
taxes.  In comparison, other income accounted for 21.20% of the income before
income taxes for the year ending April 30, 2012.  Management's philosophy
behind having holdings in marketable securities is to keep the money working
and gaining interest on the cash that is not needed to be put back into the
business.  And over the years, the investments have kept the earnings per
share up when the results from operations have not fared as well.

Management is always open to the possibility of acquiring a business that
would complement our existing operations.  This would probably not require
any outside financing.  The intent would be to utilize the equipment, market-
ing techniques and established customers to increase sales and profits.

There are no known seasonal trends with any of GRI's products, since we most-
ly sell to distributors and OEM manufacturers. The products are tied to the
housing industry and will fluctuate with building trends.

Liquidity and Capital Resources
-------------------------------

Operating
Net cash decreased $914,000 during the year ended April 30, 2013 as it in-
creased $519,000 during the year ended April 30, 2012. Other cash flow
changes are as follows.  Accounts receivable increased $244,000 during the
current year as compared to a $95,000 increase for last year.  The increase
in cash flow for accounts receivable is a reflection of increased sales. At
April 30, 2013, 69.77% of the receivables were considered current (less than
45 days) and 0.43% of the total were over 90 days past due.  For comparison,
69.12% of the receivables were current and 0.90% were past 90 days at April
30, 2012.  Inventories decreased $277,000 for the current year as compared to
a $535,000 increase for the same period last year. Since there is a smaller
increase in sales for the current year, as compared to last year, management
had already increased its inventory purchase levels.  For the year ended
April 30, 2013, prepaid expenses decreased $80,000, and decreased $10,000 for
the corresponding period last year.  The main reason for the decrease in pre-
paid expenses for the current fiscal year is that the company has received
raw materials that it prepaid for last fiscal year.  Cash towards payment of
income taxes increased $593,000 for the year ended April 30, 2013. Management
increased the amounts they paid on income tax estimates since the estimates
were under estimated the prior fiscal year.


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<page>


For the year ended April 30, 2013, accounts payable decreased $28,000 as
compared to a $32,000 decrease for the same period the year before.  The
change in cash in regards to accounts payable can vary.  It really depends on
the time of the month the invoices are due, since the company pays all its
invoices within the terms.  Accrued expenses increased $47,000 for the year
ended April 30, 2013, as these expenses remained constant for the
corresponding year ended April 30, 2012.

Investing
As for our investment activities, a net amount of $1,000 was capitalized on
other assets manufactured for the year ended April 30, 2013, while $169,000
was spent on these activities during the prior fiscal year.  A few molds were
completed and put to the fixed asset accounts as new molds have been started
during the current fiscal year.  $104,000 was spent on purchases of property
and equipment during the current fiscal year and $298,000 was spent during
the year ended April 30, 2012.  Additionally, the Company continues to pur-
chase marketable securities, which include municipal bonds and quality
stocks.  Cash spent on purchases of marketable securities for the year ended
April 30, 2013 was $760,000 and $891,000 was spent for the corresponding
period last year. In addition, proceeds from the sale of marketable
securities for the year ended April 30, 2013 were $89,000 and $168,000 for
the same period last year.  We use "money manager" accounts for most stock
transactions. By doing this, the Company gives an independent third party
firm, who are experts in this field, permission to buy and sell stocks at
will.  The Company pays a quarterly service fee based on the value of the
investments.  Furthermore, the Company continues to purchase back its common
stock when the opportunity arises.  For the year ended April 30, 2013, the
Company purchased $36,000 worth of treasury stock and $41,000 was bought back
for the year ended April 30, 2012.  We have been actively searching for stock-
holders that have been "lost" over the years.  The payment of dividends
over the last eight fiscal years has also prompted many stockholders and/or
their relatives and descendants to sell back their stock to the Company.

Financing
Cash used in financing activities were $2,294,000 for the year ended April
30, 2013, which mostly consisted of dividends paid. The company declared a
dividend of $0.28 per share of common stock on September 30, 2012 and these
dividends were paid by October 31, 2012.  Another dividend of $0.22 per share
of common stock was declared on December 16, 2012 and paid by December 21,
2012.  Net cash used in financing activities was $1,055,000 for the year
ended April 30, 2012.  A dividend of $0.23 per common share was declared and
paid during the second fiscal quarter last year.

Results of Operations
---------------------

GRI completed the fiscal year ending April 30, 2013, with a net profit of
25.89% net of sales. Net sales were at $10,510,000, up 2.19% over the pre-
vious year.  The slight increase in sales is a result of continued quality
service and finding  new customers.  Cost of goods sold was 48.42% of net
sales for the year ended April 30, 2013 and 46.28% for the same period last
year.  Management has been keeping labor and other manufacturing expenses in
check, therefore keeping the cost of goods sold percentage in the desired
range of 45 to 50%.


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Operating expenses were 25.91% of net sales for the year ended April 30, 2013
as compared to 24.19% for the corresponding period last year.  Management's
goal is to keep the operating expenses around 30% or less of net sale, so the
goal has been met for the current fiscal year.  Income from operations for
the year ended April 30, 2013 was at $2,698,000, which is an 11.69% decrease
from the corresponding period last year, which had income from operations of
$3,037,000.

Other income and expense results for the fiscal year ended April 30, 2013
produced a gain of $1,250,000.  This is in comparison to a gain of $817,000
for the fiscal year ended April 30, 2012.  Dividend and interest income was
$789,000, which was up 7.35% for the year.  Dividend and intrerest income at
April 30, 2012 was $735,000.  Gains on investments for the current fiscal
year were $460,000, which is a 801.96% increase over the prior year.  Gains
on investments for the fiscal year ending April 30, 2012 were $51,000.

Net income for the year ended April 30, 2013 was $2,721,000, which is up
slightly from the prior year, which produced a net gain of $2,648,000.
Earnings per common share for the year ended April 30, 2013 were $0.54 per
share. EPS for the year ended April 30, 2012 was $0.52 per share.

Management expects sales to stay steady and hopefully increase for the fiscal
year ending April 30, 2014.  The company's main division of products that are
sold (security switches) are directly tied to the housing industry.  And
since the housing industry's performance has improved, the company's sales
have also improved in relation to the economy.  We are always researching and
developing new products that will help our sales increase.  We have many new
products (which will be discussed in detail below) that we are planning to
release into the marketplace during fiscal year end 2014.  Also, we are
hopeful that extra growth can be achieved by volume increases with our
present customers and with the addition of new customers.  We have an ex-
cellent marketing department that is always on the lookout for new clients.

At April 30, 2013, working capital increased by 2.38% in comparison to the
previous fiscal year. The company measures liquidity using the quick ratio,
which is the ratio of cash, securities and accounts receivables to current
obligations. The company's quick ratio decreased to 18.378 for the year ended
April 30, 2013 compared to 24.254 for the year ended April 30, 2012.
Accounts receivable and marketable securities have increased during the
current year, while cash decreased by 15.83% and current liabilities stayed
fairly constant, only increasing by 0.09%.

New product development
-----------------------

The GRI Engineering department is developing products in the following areas:

Wireless technology is a main area of focus for product development.  We are
looking into adding wireless technology to some of our current products.
First of all, we are working on a wireless version of our Pool Alarm that
will be easy to install in current construction. We are also concentrating on
making products compatible with the increasing popular Z-Wave standard for
wireless home automation.

We are working on high security switches. We have a triple biased high
security switch design nearly complete and an adjustable magnet design com-
pleted for recessed mounting applications.

Our molding department is working on new molds for a case for new versions of
our Current Controller and a terminal cover of our 29-series switch.  The new
versions of the Current Controller will allow the user to control more lights
with a single controller or to handle higher voltage applications for use
overseas.

Finally, we are researching our ability to get into fuel level sensing.
Several security companies from around the world have been looking for ways
to secure fuel tanks and trucks.  Our emphasize would be in ways to safely
monitor fuel levels and report tampering.

Critical Accounting Policies
----------------------------

The discussion and analysis of our financial condition and results of
operations are based upon our consolidated financial statements, which have
been prepared in conformity with generally accepted accounting principles in
the United States.  The preparation of these financial statements requires us
to make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenues and expenses reported in those financial statements.
These judgments can be subjective and complex, and consequently actual re-
sults could differ from those estimates.  Our most critical accounting
policies relate to accounts receivable; marketable securities; inventory;
income taxes; and segment reporting.

Accounts Receivable - Accounts receivable are customer obligations due under
normal trade terms.  The company sells its products to security alarm dis-
tributors, alarm installers, and original equipment manufacturers.  Manage-
ment performs continuing credit evaluations of its customers' financial con-
dition and the company generally does not require collateral.

The company records an allowance for doubtful accounts based on an analysis
of specifically identified customer balances. The company has a limited
number of customers with individually large amounts due at any given date.
Any unanticipated change in any one of these customers' credit worthiness or
other matters affecting the collectibility 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.  After all attempts to collect a
receivable have failed, the receivable is written off.

Marketable securities - The Company has investments in publicly traded equity
securities as well as certain state and municipal debt securities.  These
securities are classified as available-for-sale securities, and are reported
at fair value.  The Company uses the average cost method to determine the
cost of securities sold and the amount reclassified out of accumulated other
comprehensive income into earnings.  Unrealized gains and losses are excluded
from earnings and reported separately as a component of stockholder's equity.
Dividend and interest income are reported as earned.

In accordance with the Generally Accepted Accounting Principles in the United
States (US GAAP), the Company evaluates all marketable securities for other-
than temporary declines in fair value.  When the cost basis exceeds the fair
market value for approximately one year, management evaluates the nature of
the investment, cause of impairment and number of investments that are in an
unrealized position.  When it is determined that a security will probably
remain impaired, a recognized loss is booked and the investment is written
down to its new fair value.  The investments are periodically evaluated to
determine if impairment changes are required.

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Inventories - Inventories are valued at the lower of cost or market value.
Costs are determined using the average cost-pricing method. The company uses
standard costs to price its manufactured inventories, approximating average
costs.  The reported net value of inventory includes finished saleable
products, work-in-process and raw materials that will be sold or used in
future periods.  Inventory costs include raw materials, direct labor and
overhead.  The Company's overhead expenses are applied based, in part, upon
estimates of the proportion of those expenses that are related to procuring
and storing raw materials as compared to the manufacture and assembly of
finished products.  These proportions, the method of their application, and
the resulting overhead included in ending inventory, are based in part on
subjective estimates and approximations and actual results could differ from
those estimates.

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.  There is inherent professional judgment and subjectivity made by
management in determining the estimated obsolescence percentage. In addition,
and as necessary, the Company may establish specific reserves for future
known or anticipated events.

Income Taxes - US GAAP requires use of the liability method, whereby current
and deferred tax assets and liabilities are determined based on tax rates and
laws enacted as of the balance sheet date.  Deferred tax expense represents
the change in the deferred tax asset/liability balances.

Segment Reporting and Related Information - The Company designates the inter-
nal organization that is used by management for allocating resources and
assessing performance as the source of the Company's reportable segments.  US
GAAP also requires disclosures about products and services, geographic area
and major customers.

Related Party Transactions - The Company leases a building from Ken and
Bonnie Risk.  Ken Risk was the Chairman of the Board and President and CEO of
the company until his death in February 2013.  Bonnie Risk is Ken's wife, who
is a director and an employee of the company.  This building contains the
Company's sales and accounting departments, maintenance department, engineer-
ing department and some production facilities.  This lease requires a minimum
payment of $1,535 on a month-to-month basis.  The total lease expense for
this arrangement was $18,420 for the fiscal years ended April 30, 2013 and
2012.

The company also leases its airplane from former President and CEO Ken Risk,
who was also a majority stockholder, on a month-to-month basis requiring pay-
ments of $2,250.  Airplane lease expenses charged to operations for the fis-
cal year ended April 30, 2013 were $22,500 and, were $27,000 for the fiscal
year ended April 30, 2012.  During the year ended April 30, 2000, the Company
paid $210,000 and the former President/CEO contributed the airplane in trade
for another airplane.  The Company and this officer jointly own the airplane.
The company has the airplane up for sale since there is no longer a pilot for
the aircraft.

One of the directors of the board, Joel Wiens, is the principal shareholder
of FirsTier Bank.  FirsTier Bank is the financial institution the company
uses for its day to day banking operations.  Year end balances of accounts
held at this bank are $3,350,000 for the year ended April 30, 2013 and
$4,818,000 for the year ended April 30, 2012.  The Company also received
interest income from FirsTier Bank in the amount of $2,000 for the year
ended April 30, 2013 and $3,000 for the year ended April 30, 2012.



Page 12
<page>



Item 8  Financial Statements


        Index to Financial Statements
       George Risk Industries, Inc.



Page

Independent Auditor's Report                      13

Balance Sheets April 30, 2013 and 2012            14

Statements of Income
  For the Years Ended April 30, 2013 and 2012     16

Statements of Comprehensive Income
  For the Years Ended April 30, 2013 and 2012     17

Statement of Changes in Stockholders' Equity
  For the Years Ended April 30, 2013 and 2012     18

Statements of Cash Flows
  For the Years Ended April 30, 2013 and 2012     20

Notes to Financial Statements                     21


Page 13

<page>


     Report of Independent Registered Public Accounting Firm



Board of Directors
George Risk Industries, Inc.
Kimball, Nebraska


We have audited the accompanying balance sheets of George Risk Industries,
Inc. as of April 30, 2013 and 2012, and the related statements of income,
comprehensive income, stockholders' equity, and cash flows for each of the
years in the two-year period ended April 30, 2013.  These financial
statements are the responsibility of the company's management.  Our
responsibility is to express an opinion on these financial statements based
on our audits.

We conducted our audits in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that we
plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free of material misstatement.  The company is not
required to have, nor were we engaged to perform, an audit of its internal
control over financial reporting.  Our audit included consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose
of expressing an opinion on the effectiveness of the company's internal
control over financial reporting. Accordingly, we express no such opinion.
An audit includes examining, on a test basis, evidence supporting the amounts
and disclosures in the financial statements.  An audit also includes
assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall financial statement pre-
sentation.  We believe that our audits provide a reasonable basis for our
opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of George Risk
Industries, Inc. as of April 30, 2013 and 2012, and the results of their
operations and their cash flows for each of the years in the two year period
ended April 30, 2013, in conformity with accounting principles generally
accepted in the United States of America.


/s/ Haynie & Company
Littleton, Colorado
August 13, 2013, except for Notes 1, 6, 8 and 9, as to which the date is
 July 28, 2014






<page>



<TABLE>

<CAPTION>


                        George Risk Industries, Inc.
                               Balance Sheets
                           April 30, 2013 and 2012

                                                    2013             2012
<S>                                            <C>             <C>

ASSETS
Current Assets
 Cash and cash equivalents                     $  4,859,000    $   5,773,000
 Investments and securities                      22,208,000       20,280,000
 Accounts receivable:
 Trade, net of $4,000 and $6,000 doubtful
  account allowance for 2013 and 2012,
   respectively                                   1,915,000        1,669,000
 Other                                                1,000            1,000
 Note receivable, current                             5,000            4,000
 Income tax overpayment                             347,000               -
 Inventories                                      2,074,000        2,351,000
 Prepaid expenses                                    60,000          141,000
 Deferred current income taxes                           -           119,000
                                               -------------    -------------
Total Current Assets                           $ 31,469,000     $ 30,338,000

Property and Equipment, net, at cost                701,000          771,000

Other Assets
 Investment in Limited Land Partnership,
  at cost                                           238,000          228,000
 Projects in process                                 45,000           44,000
 Note receivable                                      2,000            5,000
 Other                                                1,000            1,000
                                               -------------    -------------
Total Other Assets                             $    286,000     $    278,000

TOTAL ASSETS                                   $ 32,456,000     $ 31,387,000
                                               =============    =============


<FN>
See accompanying notes to financial statements.

</TABLE>
Page 14
<page>


<TABLE>
<CAPTION>


                        George Risk Industries, Inc.
                               Balance Sheets
                           April 30, 2013 and 2012



             Liabilities and Stockholders' Equity
                                                    2013             2012

<S>                                            <C>              <C>
Current Liabilities
 Accounts payable, trade                       $     68,000     $     96,000
 Dividends payable                                  817,000          589,000
 Accrued expenses:
  Payroll and related expenses                      259,000          212,000
 Income tax payable                                      -           246,000
 Deferred income taxes                              432,000               -
                                               -------------    -------------
Total Current Liabilities                      $  1,576,000     $  1,143,000

Long-Term Liabilities
 Aircraft ownership deposit payable                      -             5,000
 Deferred income taxes                              133,000          124,000
                                               -------------    -------------
Total Long-Term Liabilities                    $    133,000     $    129,000


Stockholders' Equity
 Convertible preferred stock, 1,000,000 shares
  authorized, Series 1--noncumulative, $20
  stated value, 25,000 shares authorized,
  4,100 issued and outstanding                       99,000           99,000
 Common stock, Class A, $.10 par value,
  10,000,000 shares authorized, 8,502,881
  shares issued                                     850,000          850,000
 Additional paid-in capital                       1,736,000        1,736,000
 Accumulated other comprehensive income             743,000          278,000
 Retained earnings                               30,806,000       30,603,000
 Less: treasury stock,3,467,356 and
    3,460,282 shares, at cost                    (3,487,000)      (3,451,000)
                                                ------------    -------------
Total Stockholders' Equity                     $ 30,747,000     $ 30,115,000
                                               =============    =============

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY     $ 32,456,000     $ 31,387,000
                                               =============    =============

</TABLE>



<FN>
See accompanying notes to financial statements.

Page 15
<page>



<TABLE>

<CAPTION>


                        George Risk Industries, Inc.
                             Income Statements
                For the Years Ended April 30, 2013 and 2012

                                                Year Ended      Year Ended
                                               Apr 30, 2013    Apr 30, 2012
                                              --------------  --------------

<S>                                            <C>              <C>
Net Sales                                      $ 10,510,000     $ 10,285,000
Less: Cost of Goods Sold                         (5,089,000)      (4,760,000)
                                               -------------    -------------
Gross Profit                                   $  5,421,000     $  5,525,000

Operating Expenses:
  General and Administrative                        790,000          776,000
  Sales                                           1,821,000        1,612,000
  Engineering                                        71,000           54,000
  Rent Paid to Related Parties                       41,000           46,000
                                               -------------    -------------
Total Operating Expenses                       $  2,723,000     $  2,488,000

Income From Operations                            2,698,000        3,037,000

Other Income (Expense)
 Other                                                4,000           19,000
 Interest Expense                                    (3,000)              -
 Dividend and Interest Income                       789,000          735,000
 Gain on Investments                                460,000           51,000
 Gain on Sale of Assets                                  -            12,000
                                               -------------    -------------
                                               $  1,250,000     $    817,000

Income Before Provisions for Income Taxes         3,948,000        3,854,000

Provision for Income Taxes
 Current Expense                                  1,000,000        1,087,000
 Deferred tax expense                               227,000          119,000
                                               -------------    -------------
 Total Income Tax Expense                         1,227,000        1,206,000

Net Income                                     $  2,721,000     $  2,648,000
                                               =============    =============

Basic and Diluted Earnings
 Per Share of Common Stock:                    $       0.54     $       0.52


Weighted Average Number of
 Common Shares Outstanding                        5,037,837        5,045,103
Weighted Average Number of
 Common Shares Outstanding (Diluted)              5,058,337        5,065,603


</TABLE>

<FN>
See accompanying notes to financial statements.

Page 16
<page>


<TABLE>

<CAPTION>


                        George Risk Industries, Inc.
                     Statements of Comprehensive Income
                For the Years Ended April 30, 2013 and 2012

                                                Year Ended      Year Ended
                                               Apr 30, 2013    Apr 30, 2012
                                              --------------  --------------

<S>                                            <C>              <C>
Net Income                                     $  2,721,000     $  2,648,000
                                               -------------    -------------

Other Comprehensive Income, Net of Tax
 Unrealized gain (loss) on securities:
  Unrealized holding gains (losses)
   arising during period                            736,000         (159,000)
 Reclassification adjustment for
   (gains) losses included in net income             62,000          154,000
 Income tax expense related to other
   comprehensive income                            (333,000)           2,000
                                               -------------    -------------

Other Comprehensive Income                          465,000           (3,000)

Comprehensive Income                           $  3,186,000     $  2,645,000
                                               =============    =============

</TABLE>

<FN>
See accompanying notes to financial statements.



Page 17
<page>


<TABLE>

<CAPTION>

                        George Risk Industries, Inc.
               Statements of Changes in Stockholders' Equity
                For the Years Ended April 30, 2013 and 2012


                                                  Common Stock
                         Preferred Stock            Class A
                        -----------------       -----------------
                         Shares     Amount      Shares      Amount
<S>                    <C>          <C>         <C>          <C>


Balances, April 30,
 2011                     4,100     $ 99,000    8,502,881    $850,000

Purchases of common
 stock                        -            -            -           -

Dividend declared at
 $0.23 per common
   share outstanding          -            -            -           -

Unrealized gain (loss),
 net of tax effect            -            -            -           -

Net Income                    -            -            -           -
                       ________     ________    _________    ________
Balances, April 30,
 2012                     4,100       99,000    8,502,881     850,000
                       ________     ________    _________    ________
Purchases of common
 stock                        -            -            -           -

Dividend declared at
 $0.50 per common
   share outstanding          -            -            -           -

Unrealized gain (loss),
 net of tax effect            -            -            -           -

Net Income                    -            -            -           -
                       --------     --------    ---------    --------
Balance, April 30,
 2013                     4,100     $ 99,000    8,502,881    $850,000
                       ========     ========    =========    ========



</TABLE>

<FN>
See accompanying notes to financial statements.

Page 18

<page>


<TABLE>

<CAPTION>

                        George Risk Industries, Inc.
               Statements of Changes in Stockholders' Equity
                For the Years Ended April 30, 2013 and 2012

                                  Accumulated
          Treasury Stock            Other
Paid-In  (Common Class A)        Comprehensive      Retained
Captial                              Income         Earnings     Total
---------------------------------------------------------------------------
             Shares      Amount
<C>         <C>         <C>          <C>           <C>          <C>


$1,736,000  3,451,857  $(3,410,000) $   281,000   $29,115,000  $28,671,000


         -      8,425      (41,000)           -             -      (41,000)



         -          -            -            -    (1,160,000)  (1,160,000)


         -          -            -       (3,000)            -      (3,000)

         -          -            -            -     2,648,000    2,648,000
----------  ---------  ------------ ------------  -----------  -----------

 1,736,000  3,460,282   (3,451,000)     278,000    30,603,000   30,115,000
----------  ---------  ------------ ------------  -----------  -----------

         -      7,074      (36,000)           -             -      (36,000)



         -          -            -            -    (2,518,000)  (2,518,000)


         -          -            -      465,000             -      465,000

         -          -            -            -     2,721,000    2,721,000
----------  ---------  -----------  -----------   -----------  -----------

$1,736,000  3,467,356  $(3,487,000) $   743,000   $30,806,000  $30,747,000
==========  =========  ===========  ===========   ===========  ===========


</TABLE>

See accompanying notes to financial statements.

Page 18
<page>



<TABLE>

<CAPTION>
                        George Risk Industries, Inc.
                          Statements of Cash Flows
                For the Years Ended April 30, 2013 and 2012

                                               Year Ended       Year Ended
                                              Apr 30, 2013     Apr 30, 2012
                                              -------------    -------------
<S>                                            <C>              <C>
Cash Flows from Operating Activities:
  Net income                                   $  2,721,000     $  2,648,000
  Adjustments to reconcile net income to net
   cash provided by operating activities:
     Depreciation                                   174,000          160,000
     (Gain) on sale of investments                 (460,000)         (51,000)
     (Gain) on sale of property and equipment             0          (12,000)
     Bad debt expense                                (2,000)               0
     Reserve for obsolete inventory                       0           38,000
     Deferred income taxes                          227,000          119,000
     Changes in assets and liabilities:
      (Increase) decrease in:
        Accounts receivable                        (244,000)         (95,000)
        Inventories                                 277,000         (535,000)
        Prepaid expenses                             80,000           10,000
        Employee receivables                         (1,000)               0
        Income tax overpayment                     (593,000)               0
      Increase (decrease) in:
        Accounts payable                            (28,000)         (32,000)
        Accrued expense                              47,000                0
        Income tax payable                                0          210,000
                                               -------------    -------------
  Net cash provided by (used in)
    operating activities                       $  2,198,000     $  2,460,000

Cash Flows From Investing Activities:
  Other assets manufactured and purchased             1,000          169,000
  Proceeds from sale of assets                            0           20,000
  (Purchase) of property and equipment             (104,000)        (298,000)
  Proceeds from sale of marketable securities        89,000          168,000
  (Purchase) of marketable securities              (760,000)        (891,000)
  (Purchase) of long-term investment                (10,000)         (10,000)
  (Loans) made to employees                          (3,000)         (10,000)
  Collections of loans to employees                   5,000            7,000
  (Purchase) of treasury stock                      (36,000)         (41,000)
                                               -------------    -------------
  Net cash provided by (used in)
    investing activities                       $   (818,000)    $   (886,000)

Cash Flows From Financing Activities:
  Principal payments on long-term debt               (4,000)               0
  Dividends paid                                 (2,290,000)      (1,055,000)
                                               -------------    -------------
  Net cash provided by (used in)
    financing activities                       $ (2,294,000)    $ (1,055,000)

Net Increase (Decrease) in Cash and
  Cash Equivalents                             $   (914,000)    $    519,000
                                               =============    =============

<FN>
See accompanying notes to financial statements
Page 19
<page>

Cash and Cash Equivalents, beginning
  of period                                    $  5,773,000     $  5,254,000

Cash and Cash Equivalents,
  end of period                                $  4,859,000     $  5,773,000
                                               =============    =============

Supplemental Disclosure for Cash Flow Information:

  Cash Payments for:
    Income taxes paid                          $  1,607,000     $    855,000
    Interest expense                           $      3,000     $          0

  Cash receipts for:
    Income taxes                               $     19,000     $     21,000



</TABLE>

<FN>
See accompanying notes to financial statements
Page 20
<page>






                        George Risk Industries, Inc.
                       Notes to Financial Statements
                               April 30, 2013

1.  Nature of Business and Summary of Significant Accounting Policies

Nature of Business-The company is engaged in the design, manufacture, and
marketing of computer keyboards, push-button switches, security alarm
components, pool alarms and hydro sensors.

Restatement - In its previously filed financial statements for the year
ended April 30, 2013, and included in its annual report in Form 10-K, the
Company incorrectly calculated deferred income taxes. Accordingly, the
Company has restated its financial statements for the period ended April
30, 2013. The table below reflects the effect of restatement on the
Company's financial statements for the year.

<TABLE>

 <S>                                               <C>

  Net income prior to restatement                  $ 3,788,000
    Recalculated deferred income taxes              (1,067,000)
                                                   ------------
  Net income after restatement                     $ 2,721,000
                                                   ============

  Retained earnings prior to restatement           $31,873,000
    Recalculated deferred income taxes              (1,067,000)
                                                   ------------
  Retained earnings after restatement              $30,806,000
                                                   ============

</TABLE>


The tables below show the effect of restatement of the Company's
financial statements for the year ended April 30, 2013 as described
above.

<TABLE>
<CAPTION>

                                    As Originally   04/30/2013    04/30/2013
Balance Sheet - April 30, 2013        Reported     Adjustments   As Restated

<S>                                  <C>           <C>           <C>
Current Assets
  Deferred Income Taxes              $   635,000   $   635,000   $        -
Current Liabilies
  Deferred Income Taxes              $        -    $   432,000   $   432,000

Stockholders' Equity                 $31,873,000   $(1,067,000)  $30,806,000
                                    -----------------------------------------
</TABLE>

<TABLE>

<CAPTION>
                                    As Originally   04/30/2013    04/30/2013
Income Statement - April 30, 2013     Reported     Adjustments   As Restated

<S>                                  <C>           <C>           <C>
Deferred tax (benefit) expense       $  (840,000)  $ 1,067,000   $   227,000
Net Income                           $ 3,788,000   $(1,067,000)  $ 2,721,000
                                    -----------------------------------------


Statement of Cash Flows - April 30, 2013
                                    As Orginally    04/30/2013    04/30/2013
                                      Reported     Adjustments   As Restated

<S>                                  <C>           <C>           <C>
Net income                           $ 3,788,000   $(1,067,000)  $ 2,721,000
Deferred income taxes                $  (840,000)  $ 1,067,000   $   227,000
                                    -----------------------------------------
</TABLE>
Page 21
<page>

<TABLE>
<CAPTION>

Statement of Stockholders' Equity
April 30, 2013
                                    As Originally   04/30/2013    04/30/2013
                                      Reported     Adjustments   As Restated

<S>                                  <C>           <C>           <C>
Net income                           $ 3,788,000   $(1,067,000)  $ 2,721,000
Retained earnings                    $31,873,000   $(1,067,000)  $30,806,000
                                    -----------------------------------------
</TABLE>

<TABLE>
<CAPTION>

Statement of Comprehensive Income
April 30, 2013
                                    As Originally   04/30/2013    04/30/2013
                                      Reported     Adjustments   As Restated

<S>                                  <C>           <C>           <C>
Net income                           $ 3,788,000   $(1,067,000)  $ 2,721,000
Retained earnings                    $ 4,253,000   $(1,067,000)  $ 3,186,000
                                    -----------------------------------------
</TABLE>


Cash and Cash Equivalents - The company considers all investments purchased
with a maturity of three months or less to be cash equivalents.

Allowance for Doubtful Accounts - Accounts receivable are customer
obligations due under normal trade terms.  The company sells its products
to security alarm distributors, alarm installers, and original equipment
manufacturers.  The company performs continuing credit evaluations of its
customers' financial condition and the company generally does not require
collateral.

The company records an allowance for doubtful accounts based on an analysis
of specifically identified customer balances.  The company has a limited
number of customers with individually large amounts due at any given date.
Any unanticipated change in any one of these customers' credit worthiness
or other matters affecting the collectibility 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. After all attempts to collect
a receivable have failed, the receivable is written off. The company has
recorded an allowance for doubtful accounts of $4,000 for the year ended
April 30, 2013 and $6,000 for the year ended April 30, 2012. For the fiscal
year ended April 30, 2013 bad debt expense was a net credit of $1,926 due
to bad debt recoveries during the year. For the fiscal year ended April 30,
2012, bad debt expense was a net credit of $213.


Inventories - Inventories are stated at the lower of cost or market. Cost is
determined using the average cost-pricing method. The company uses standard
costs to price its manufactured inventories approximating average costs.

Page 22
<page>

Property and Equipment - Property and equipment are recorded at cost.
Depreciation is calculated based on the following estimated useful lives
using the straight-line method:

<TABLE>
<CAPTION>


        Classification              Useful Life     2013      2012
                                     in Years       Cost      Cost

        <S>                            <C>        <C>         <C>
        Dies, jigs, and molds          3-7        $1,570,000  $1,503,000
        Machinery and equipment        5-10        1,137,000   1,134,000
        Furniture and fixtures         5-10          147,000     147,000
        Leasehold improvements         5-32          178,000     178,000
        Buildings                       20           658,000     658,000
        Automotive and aircraft        3-5           411,000     406,000
        Software                       2-5           139,000     129,000
        Land                           N/A            13,000      13,000
                                                  ----------- -----------
        Total                                      4,253,000   4,168,000
        Accumulated depreciation                  (3,552,000) (3,397,000)
                                                  ----------- -----------
        Net                                       $  701,000  $  771,000
                                                  =========== ===========

</TABLE>

Depreciation expense of $174,000 and $160,000 were charged to operations
for the years ended April 30 2013 and 2012, respectively.

Maintenance and repairs are charged to expense as incurred, and
expenditures for major improvements are capitalized.  When assets are
retired or otherwise disposed of, the property accounts are relieved of
costs and accumulated depreciation and any resulting gain or loss is
credited or charged to operations.

Advertising - Advertising costs are expensed as incurred and included in
selling expenses.  Advertising expense amounted to $243,000 and $221,000
for the years ended April 30, 2013 and 2012, respectively.

Income Taxes - US GAAP requires use of the liability method, whereby current
and deferred tax assets and liabilities are determined based on tax rates
and laws enacted as of the balance sheet date.  Deferred tax expense
represents the change in the deferred tax asset/liability balances.

Page 23
<page>

The flow-through method of accounting for tax credits has been adopted by
the company.  Such credits are reflected as a reduction of the provision
for income taxes in the year in which they become available.

Net Income Per Common Share - Net income per common share is based on the
weighted average number of common shares outstanding during each fiscal year.
The dilutive effect of convertible preferred stock is reflected in diluted
earnings per share by application of the if-converted method.  Under this
method, preferred dividends applicable to convertible preferred stock are
added to the numerator and convertible preferred stock is assumed to have
been converted at the beginning of the period.

Accounting Estimates - The preparation of these financial statements requires
the use of estimates and assumptions including the carrying value of assets.
The estimates and assumptions result in approximate rather than exact
amounts.

Financial Instruments - Financial instruments consist of cash and cash
equivalents, marketable securities, accounts receivable and accounts payable.
The carrying values of these financial instruments approximate fair value due
to their short-term nature.

Revenue Recognition - Revenue is recognized when risks and benefits in owner-
ship are transferred, which normally occurs at the time of shipment of
products.

Comprehensive Income - US GAAP requires disclosure of total non-stockholder
changes in equity in interim periods and additional disclosures of the
components of non-stockholder changes in equity on an annual basis.  Total
non-stockholder changes in equity include all changes in equity during a
period except those resulting from fiscal investments by and distributions to
stockholders.

Segment Reporting and Related Information - The Company designates the inter-
nal organization that is used by management for allocating resources and
assessing performance as the source of the Company's reportable segments. US
GAAP also requires disclosures about products and services, geographic area
and major customers.  At April 30, 2013, the Company operated in two segments
organized by security line products and all other products. See Note 9 for
further segment information disclosures.

Page 24
<page>

Reclassifications - Certain reclassifications have been made to conform to
the current year presentation. The total net income and equity are unchanged
due to those reclassifications.

Recently Issued Accounting Pronouncements - In May 2012, we adopted Account-
ing Standards Update No. 2011-05, Presentation of Comprehensive Income.  This
guidance requires an entity to present the total of comprehensive income, the
components of net income, and the components of other comprehensive income
either in a single continuous statement of comprehensive income or in two
separate but consecutive statements and eliminates the option to present the
components of other comprehensive income as part of the statement of equity.
We have continued to present a separate statement of comprehensive income and
the adoption of this guidance did not have any impact on our results of
operations, financial position or cash flows.


2.     Inventories

Inventories at April 30, 2013 and 2012 consisted of the following:

<TABLE>


    <S>                                         <C>          <C>
                                                   2013        2012
                                                ----------   ----------

    Raw materials                               $1,552,000   $1,682,000
    Work in process                                412,000      543,000
    Finished goods                                 275,000      291,000
                                                -----------  -----------
                                                 2,239,000    2,516,000

    Less: allowance for obsolete inventory        (165,000)    (165,000)
                                                -----------  -----------
    Totals                                      $2,074,000   $2,351,000
                                                ===========  ===========
</TABLE>

Page 25
<page>

3.     Marketable Securities

The Company has investments in publicly traded equity securities as well as
certain state and municipal debt securities.  These securities are classified
as available-for-sale securities, and are reported at fair value. Available-
for-sale investments in debt securities mature between May 2013 and November
2048.  The Company uses the average cost method to determine the cost of
securities sold and the amount reclassified out of accumulated other
comprehensive income into earnings.  Unrealized gains and losses are excluded
from earnings and reported separately as a component of stockholders' equity.
Dividend and interest income are reported as earned.

As of April 30, 2013, investments available-for-sale consisted of the
following:

<TABLE>
<S>                      <C>          <C>           <C>          <C>
                                         Gross         Gross
                             Cost      Unrealized    Unrealized     Fair
                             Basis       Gains         Losses       Value
                         ------------ ------------  ------------ ------------
Municipal bonds          $ 7,596,000  $   291,000   $   (12,000) $ 7,875,000
REITs                    $    67,000        2,000        (2,000) $    67,000
Equity securities        $10,939,000  $ 1,099,000   $  (102,000) $11,936,000
Money markets and CDs    $ 2,330,000  $         0   $         0  $ 2,330,000
                         ------------ ------------  ------------ ------------
   Total                 $20,932,000  $ 1,392,000   $  (116,000) $22,208,000

</TABLE>


The Company evaluates all marketable securities for other-than temporary
declines in fair value, which are defined as when the cost basis exceeds the
fair value for approximately one year. The Company also evaluates the nature
of the investment, cause of impairment and number of investments that are in
an unrealized position.  When an other-than-temporary decline is identified,
the Company will decrease the cost of the marketable security to the new fair
value and recognize a loss. The investments are periodically evaluated to
determine if impairment changes are required. As a result of this standard,
management recorded impairment losses of $20,000 for the year ended April 30,
2013 and $72,000 for the year ended April 30, 2012.

The following table shows the investments with unrealized losses that are not
deemed to be other-than-temporarily impaired, aggregated by investment
category and length of time that individual securities have been in a
continuous unrealized loss position, at April 30, 2013.

Page 26
<page>

<TABLE>
<CAPTION>
     Less than 12 months     12 months or greater           Total
   -----------------------   ---------------------   ---------------------
       Fair     Unrealized       Fair    Unrealized     Fair     Unrealized
      Value        Loss         Value       Loss       Value        Loss
  ...........................................................................
<S>
  <C>         <C>           <C>         <C>           <C>         <C>

Municipal bonds
  $  657,000  $   (8,000)  $  220,000  $    (4,000)  $  877,000  $  (12,000)
Equity securities
  $1,033,000  $  (71,000)  $  143,000  $   (33,000)  $1,176,000  $ (104,000)
Total
  $1,690,000  $  (79,000)  $  363,000  $   (37,000)  $2,053,000  $ (116,000)

</TABLE>

Municipal Bonds
The unrealized losses on the Company's investments in municipal bonds were
caused by interest rate increases.  The contractual terms of these invest-
ments do not permit the issuer to settle the securities at a price less than
the amortized cost of the investment.  Because the Company has the ability to
hold these investments until a recovery of fair value occurs, which may be
maturity, the Company does not consider these investments to be other-than-
temporarily impaired at April 30, 2013.

Marketable Equity Securities
The Company's investments in marketable equity securities consist of a wide
variety of companies.  Investments in these companies include growth, growth
income, and foreign investment objectives.  Management has evaluated the
individual holdings, and because of the recent decline in the stock market,
does not consider these investments to be other-than-temporarily impaired
at April 30, 2013.

Page 27
<page>

4.     Retirement Benefit Plan

On January 1, 1998, the company adopted the George Risk Industries, Inc.
Retirement Savings Plan (the "Plan").  The Plan is a defined contribution
savings plan designed to provide retirement income to eligible employees
of the company and its subsidiaries.  The Plan is intended to be qualified
under Section 401(k) of the Internal Revenue Code of 1986, as amended.
It is funded by voluntary pre-tax contributions from eligible employees who
may contribute a percentage of their eligible compensation, limited and
subject to statutory limits.  The Plan is also funded by discretionary
matching employer contributions from the company.  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. Upon leaving
the company, each participant is 100% vested with respect to the participants'
contributions while the company's matching contributions are vested over a
six-year period in accordance with the Plan document.  Contributions are
invested, as directed by the participant, in investment funds available under
the Plan.  Matching contributions of approximately $12,000 were paid during
the fiscal year ending April 30, 2013 and $12,000 worth of matching
contributions were paid during the fiscal year ended April 30, 2012. There
were no discretionary contributions paid during either of the fiscal years
ending April 30, 2013 and 2012.



5.     Stockholders' Equity


Preferred Stock - Each share of the Series #1 preferred stock is convertible
at the option of the holder into five shares of Class A common stock and is
also redeemable at the option of the board of directors at $20 per share.
The holders of the convertible preferred stock shall be entitled to a divid-
end at a rate up to $1 per share annually, payable quarterly as declared by
the board of directors.  No dividends were declared or paid during the two
years ended April 30, 2013.

Convertible preferred stock without par value may be issued from time to time
as determined by the board of directors.  Shares of different series shall be
of equal rank but may vary as to terms and conditions.

Class A Common Stock - The holders of the Class A common stock are entitled
to receive dividends as declared by the board of directors.  No dividends may
be paid on the Class A common stock until the holders of the Series #1 pre-
ferred stock have been paid a dividend for the four prior quarters and
provision has been made for the full dividend in the current fiscal year.

Page 28
<page>

During the fiscal year ended April 30, 2013, the Company purchased 7,074
shares of Class A common stock. This was accomplished by stockholders
contacting the company.

Stock Transfer Agent - The Company does not have an independent stock trans-
fer agent.  The company maintains all stock records.


6.     Earnings Per Share

Basic and diluted earnings per share, assuming convertible preferred stock
was converted for each period presented are:
<TABLE>

<CAPTION>


                                      April 30, 2013
                           -----------------------------------
                             Income       Shares     Per-Share
                           (Numerator) (Denominator)   Amount
 <S>                      <C>          <C>           <C>


   Net Income              $2,721,000
                           ==========

   Basic EPS               $2,721,000    5,037,837     $0.5401
   Effect of dilutive
    Convertible Preferred
     Stock                          -       20,500     (0.0022)
                           ----------    ---------     --------
     Diluted EPS           $2,721,000    5,058,337     $0.5379
                           ==========    =========     ========


</TABLE>

<TABLE>

<CAPTION>


                                     April 30, 2012
                           -----------------------------------
                             Income       Shares     Per-Share
                           (Numerator) (Denominator)   Amount
 <S>                      <C>          <C>           <C>


   Net Income              $2,648,000
                           ----------

   Basic EPS               $2,648,000    5,045,103     $0.5249
   Effect of dilutive
    Convertible Preferred
     Stock                          -       20,500     (0.0022)
                           ----------    ---------     --------
     Diluted EPS           $2,648,000    5,065,603     $0.5227
                           ==========    =========     ========


</TABLE>



Page 29
<page>

7.     Commitments, Contingencies, and Related Party Transactions

The Company leases a building from Ken and Bonnie Risk.  Ken Risk was the
Chairman of the Board and the President and CEO of the company until his
death in February 2013.  Bonnie Risk is Ken's wife, is also an director and
employee of the company.  This building contains the Company's sales and
accounting departments, maintenance department,engineering department and
some production facilities.  This lease requires a minimum payment of $1,535
on a month-to-month basis.  The total lease expense for this arrangement was
$18,420 for the fiscal years ended April 30, 2013 and 2012.

The company also leased its airplane from former President and CEO Ken Risk,
who was also a majority stockholder, on a month-to-month basis requiring
payments of $2,250.  Airplane lease expenses charged to operations for the
fiscal year ended April 30, 2013 was $22,500 and it was $27,000 for the fis-
cal year ended April 30, 2012.  During the year ended April 30, 2000, the
Company paid $210,000 and the President/CEO contributed the airplane in trade
for another airplane.  The Company and this officer jointly own the airplane.
The company has the airplane up for sale since there is no longer a pilot for
the aircraft.

One of the directors of the board, Joel Wiens, is the principal shareholder
of FirsTier Bank.  FirsTier bank is the financial institution the company
uses for its day to day banking operations.  Year end balances of accounts
held at this bank are $3,350,000 for the year ended April 30, 2013 and
$4,818,000 for the year ended April 30, 2012.  The Company also received
interest income from FirstTier Bank in the amount of $2,000 for the year
ended April 30, 2013 and $3,000 for the year ended April 30, 2012.

Page 30
<page>

8.     Income Taxes

<TABLE>
<CAPTION>
Reconciliation of income taxes with Federal and State taxable income:

                                     2013              2012
                                 ------------      ------------
<S>                               <C>               <C>

 Income before income taxes        $3,948,000        $3,854,000
 State income tax deduction          (196,000)         (211,000)
 Capital loss carryforwards
  (utilized) accumulated             (479,000)         (120,000)
 Interest and dividend income        (601,000)         (603,000)
 Domestic production activities
  deduction                          (284,000)         (266,000)
 Nondeductible expenses
  and timing differences               27,000           (85,000)
                                   -----------       -----------

    Taxable income                 $2,415,000        $2,569,000
                                   ===========       ===========

</TABLE>

<TABLE>
<CAPTION>
The following schedule reconciles the provision for income taxes to the
amount computed by applying the statutory rate to income before income taxes:

<S>                                 <C>               <C>
Income before taxes at statutory
 rate                               $1,650,000        $1,611,000

Increase (decrease)income
 taxes resulting from:
  State income taxes                   (82,000)          (88,000)
  Interest and dividend income        (251,000)         (252,000)
  Domestic production activities      (119,000)         (111,000)
  Deferred taxes                       227,000           119,000
  Other temporary and
   permanent differences              (198,000)          (73,000)
                                    -----------       -----------

  Income tax expense                $1,227,000        $1,206,000
                                    ===========       ===========


  Federal Tax Rate                        34.0%           34.0%
  State Tax Rate                           7.8%            7.8%
                                          -----           -----
  Blended statutory rate                  41.8%           41.8%
                                          =====           =====
</TABLE>

Page 31
<page>


<TABLE>
<CAPTION>

Deferred tax asset (liabilities) consist of the following  omponents at
April 30, 2013 and 2012:
<S>                                               <C>           <C>

Deferred tax current assets (liabilities):
  Capital loss carryforward                       $        0    $  287,000
  Allowance for doubtful accounts                      2,000             0
  Inventory valuation                                 69,000             0
  Accrued vacation                                    30,000        32,000
  Accumulated unrealized (gain)/loss on
      investments                                   (533,000)     (200,000)
                                                  ----------    -----------
  Net deferred tax assets (liabilities)           $ (432,000)   $  119,000
                                                  ===========   ===========
  Deferred long-term tax assets (liabilities):
    Depreciation                                    (133,000)     (124,000)
                                                  -----------   -----------
   Net deferred long-term tax assets
     (liabilities)                                $ (133,000)   $ (124,000)
                                                  ===========   ===========

</TABLE>

All capital loss carryforwards were used up during the current fiscal year.


Page 32
<page>

9.     Business Segments

The following is financial information relating to industry segments:

<TABLE>
<CAPTION>


                                                  April 30,
                                            2013            2012
                                       -----------------------------
    <S>                                <C>              <C>
    Net revenue:
      Security alarm products          $  9,200,000      $  9,045,000
      Other products                      1,310,000         1,240,000
                                       -------------     -------------

    Total net revenue                  $ 10,510,000      $ 10,285,000
                                       =============     =============

    Income from operations:
      Security alarm products          $  2,362,000      $  2,671,000
      Other products                        336,000           366,000
                                       -------------     -------------
    Total income from operations       $  2,698,000      $  3,037,000
                                       ====+========     =============

    Identifiable assets:
      Security alarm products          $  3,778,000      $  3,463,000
      Other products                        797,000         1,213,000
      Corporate general                  27,881,000        26,711,000
                                       -------------     -------------

    Total assets                       $ 32,456,000      $ 31,387,000
                                       =============     =============

    Depreciation and amortization:
      Security alarm products          $     23,000      $     24,000
      Other products                        131,000           112,000
      Corporate general                      20,000            24,000
                                       -------------     -------------

    Total depreciation and
      amortization                     $    174,000      $    160,000
                                       =============     =============

    Capital expenditures:
      Security alarm products          $     12,000      $          0
      Other products                         71,000           281,000
      Corporate general                      21,000            17,000
                                       -------------     ------------
    Total capital expenditures         $    104,000      $    298,000
                                       =============     ============

</TABLE>

Page 33
<page>

10.    Concentrations

The company maintains its cash balance in a financial institution in Kimball,
Nebraska.  Accounts at this institution are insured by the Federal Deposit
Insurance Corporation for up to $250,000.  For the years ended April 30, 2013
and 2012, the Company had uninsured balances of $3,100,000 and $4,568,000,
respectively.  Management believes that this financial institution is
financially sound and the risk of loss is minimal.  The Company also main-
tains cash balances in money market funds at the above-mentioned financial
institution. Such balances are not insured.

The company has sales to a security alarm distributor representing 40% of
total sales for the year ended April 30, 2013 and 41% for the year ended
April 30, 2012. This distributor accounted for 55% and 51% of accounts
receivable at April 30, 2013 and 2012, respectively.

Security switch sales made up 84% of the total sales for the fiscal year
ended April 30, 2013 and and 88% of the total sales for the fiscal year ended
April 30, 2012.

11.    Fair Value Measurements

The carrying value of our cash and cash equivalents, accounts receivable and
accounts payable approximate their fair value due to their short term nature.
The fair value of our investments is determined utilizing market based
information.  Fair value is the price that would be received from selling an
asset or paid to transfer a liability in an orderly transaction between market
participants at the measurement date.  When determining the fair value
measurements for assets and liabilities, which are required to be recorded at
fair value, we consider the principal or most advantageous market in which we
would transact and the market-based risk measurements or assumptions that
market participants would use in pricing the asset or liability, such as
inherent risk, transfer restrictions, and credit risk.

US GAAP establishes a fair value hierarchy that prioritizes the inputs to
valuation techniques used to measure fair value. The hierarchy gives the
highest priority to unadjusted quoted prices in active markets for identical
assets or liabilities (Level 1 measurements) and the lowest priority to
unobservable inputs (Level 3 measurements). The levels of the fair value
hierarchy under US GAAP are described below:

Page 34
<page>

          Level 1 - Valuation is based upon quoted prices for identical
                    instruments traded in active markets.


          Level 2 - Valuation is based upon quoted prices for similar in-
                    struments in active markets, quoted prices for identical
                    or similar instruments in markets that are not active,
                    and model-based valuation techniques for which all sig-
                    nificant assumptions are observable in the market.

          Level 3 - Valuation is generated from model-based techniques that
                    use significant assumptions not observable in the market.
                    These unobservable assumptions reflect our own estimates
                    of assumptions that market participants would use in
                    pricing the asset or liability.  Valuation techniques in-
                    clude use of option pricing models, discounted cash flow
                    models and similar techniques.

Marketable Securities
---------------------
As of April 30, 2013, our investments consisted of money markets, publicly
traded equity securities as well as certain state and municipal debt
securities.  Our marketable securities are valued using third-party broker
statements.  The value of the majority of securities is derived from quoted
market information.  The inputs to the valuation are classified as Level 1
given the active market for these securities; however if an active market
does not exist, which is the case for municipal bonds, the inputs are re-
corded as Level 2.

Fair Value Hierarchy
--------------------
The following tables set forth our assets and liabilities measured at fair
value on a recurring basis and a non-recurring basis by level within the fair
value hierarchy.  As required by US GAAP, assets and liabilities are class-
ified in their entirety based on the lowest level of input that is sig-
nificant to the fair value measurement.

<TABLE>
<CAPTION>
                        Assets Measured at Fair Value on a Recurring Basis
                                      as of April 30, 2014
                        ---------------------------------------------------
                         <C>         <C>           <C>          <C>
                           Level 1     Level 2      Level 3        Total
                           -------     -------      -------       -------
Assets:
  Money Markets and CDs  $ 2,330,000  $         0  $       0    $ 2,330,000
  Equity Securities      $11,935,000  $         0  $       0    $11,935,000
  Municipal Bonds and
    RETIs                $         0  $ 7,943,000  $       0    $ 7,943,000
                         ------------ ------------ ----------   ------------
Total fair value of
  assets measured on a
  recurring basis        $14,265,000  $ 7,943,000  $       0    $22,208,000

</TABLE>

Page 35
<page>

Item 9  Disagreements on Accounting and Financial Disclosures

There were no disagreements with accountants on accounting and financial
disclosure.


Item 9A  Controls and Procedures

Evaluation of disclosure controls and procedures:
-------------------------------------------------
Based on their evaluation of our disclosure controls and procedures (as de-
fined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of April
30, 2013, 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 communi-
cated to our management, including our chief executive officer (also working
as our chief financial officer), as appropriate to allow timely decisions re-
garding disclosure.  A control system cannot provide absolute assurance,
however, that the objectives of the control systems are met, and no evalu-
ation of controls can provide absolute assurance that all control issues and
instances of fraud, if any, within a company have been detected.

Internal control over financial reporting:
------------------------------------------
The 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 as of April 30,
2013, due to a material weakness.  A material weakness in internal control
over financial reporting is defined as a deficiency, or a combination of de-
ficiencies, 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 de-
ficiencies, 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 inter-
nal control over financial reporting:

    * The small size of our Company limits our ability to achieve the desired
      level of separation of internal controls and financial reporting,
      particularly as it relates to financial reporting and deferred taxes.
      Due to the passing of our CEO, the current CEO and CFO roles are being
      fulfilled by the same individual.  We do not have an audit committee.
      Until such time as the Company is able to hire a Controller, we do not
      believe we meet the full requirement for separation for financial re-
      porting purposes and deferred taxes.

Page 36
<page>

As a result of the material weakness in internal control over financial re-
porting described above, the Company's management has concluded that, as of
April 30, 2013, the Company's internal control over financial reporting was
not effective based on the criteria in Internal Control - Integrated Frame-
work issued by the COSO.

To date, the Company has not been able hire a controller.  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 accurately
      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 auth-
      orizations of management and the Board of Directors; and
    * Provide reasonable assurance regarding prevention or timely detection
      of unauthorized acquisition, use, or disposition of the Company's
      assets that could have a material effect on the financial statements.

Due to the passing of the CEO during the fiscal year 2013, our internal con-
trol structure has changed such that there is no separation of duties for
financial reporting and deferred taxes, as discussed above.

This annual report does not include an attestation report of the Corpor-
ation's registered public accounting firm regarding internal control over
financial reporting.  Management's report was not subject to attestation by
the Corporation's registered public accounting firm pursuant to Section
404(c) of the Sarbanes-Oxley Act of 2002, as amended, that permit the Cor-
poration to provide only the management's report in this annual report.



Item 9B  Other Information

None.

Page 37
<page>

                                  Part III


Item 10  Directors and Executive Officers of the Registrant

(a & b)  Identification of Directors and Executive Officers

All of the executive officers of the corporation serve at the pleasure of the
board of directors and do not have fixed terms.

The following information as of April 30, 2013 is furnished with respect to
each director and executive officer:

<TABLE>
<CAPTION>

<S>            <C>                                    <C>    <C>
                                                              Director or
Name           Principal Occupation or Employment     Age    Officer Since
----           ----------------------------------     ---    -------------

Stephanie M.   Chairman of the Board, Chief Executive  41    August 8, 1999
Risk McElroy    Officer and Chief Financial Officer

Sharon
Westby         Secretary/Treasurer                     61    June 16, 2006

Jerry
Andersen       Director, retired                       82    August 28, 1978

Donna
Debowey        Director, retired GRI plant manager     75    July 12, 2005

Joel H.
Wiens          Director, FirsTier Banks                83    Sept 6, 2007

Bonnie P.
Risk           Director, Stock Transfer Agent at GRI   63    March 15, 2013

</TABLE>


The following director compensation table is furnished with respect to each
director that served during the year ended April 30, 2013:

<TABLE>
<CAPTION>

                                          Non-equity Non-
                                          incentive  qualified
                 Director's               plan       deferred
                 Fees       Stock  Option compen-    compensation
Name             Paid       Awards Awards sation     earnings      Total
----             --------   ------ ------ ---------- ------------  -----
<S>              <C>        <C>    <C>    <C>        <C>           <C>
Stephanie
Risk-McElroy (1)     --       --     --     --         --             --

Sharon
Westby (1)           --       --     --     --         --             --

Jerry
Andersen (2)     $ 150.00     --     --     --         --          $ 150.00

Donna
Debowey  (2)     $ 150.00     --     --     --         --          $ 150.00

Joel H.
Wiens  (2)       $ 150.00     --     --     --         --          $ 150.00

Bonnie P.
Risk (1)              --      --     --     --         --             --

</TABLE>

The inside directors (1), or employees of the company, do not receive
additional compensation for their services. Outside directors (2) are paid
$150 per meeting for their services.

Page 38
<page>

(c)  Identification of Certain Significant Employees

None.

(d)  Family Relationships

Stephanie Risk-McElroy and Bonnie P. Risk have a daughter-mother relation-
ship.

(e)  Business Experience of Directors and Executive Officers

Stephanie Risk-McElroy, Chairman of the Board, Chief Executive Officer and
Chief Financial Officer, has over seventeen years of experience in the
accounting field.  Ms. 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.  She joined
the accounting staff at GRI in 1999 and then was promoted to CFO upon re-
tirement 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.

Ms. Risk-McElroy serves on the Board of Directors of GRI, as a direct link to
the financial condition of the company.  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
with her new appointment as President, she oversees all the day to day oper-
ations as well.

Sharon 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 com-
pany, 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 Ex-
ecutive Assistant to the President and CEO and Sales Administrator of the
Keyboard and Switch division of GRI.

Ms. Westby continues in her position on the Board of Directors at GRI with
over 27 years of experience with the company.  She has seen the company
through many years of ups and downs, has great knowledge of her product line
and is very customer oriented in trying to sell her products to the "non-
security use" industry.

Jerry Andersen, director, worked in the banking industry from 1967 until his
retirement in August 2000.  He was the Senior Vice President at American
National Bank in Kimball, NE as well as serving several years in high pos-
itions at First State Bank in Kimball.  His position with the bank for many
years was as loan officer and for the last four years he held the position of
Compliance Officer.

Mr. Andersen has served many years on the Board of Directors at GRI.  He
brings knowledge in financial and business matters to the table and although
is retired, he still has an active interest in the success of the company.

Page 39
<page>

Donna Debowey, director, worked in various retail stores and restaurants
until she started at GRI in 1968.  She started on the production line, but
quickly worked her way up the ranks.  She has been a Production Line Super-
visor, Director of Quality Control and was named Plant Manager and Senior
Vice President in 1998.  She held that position until her retirement in 2003.

Ms. 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 40+
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.

Joel H. 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.

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

Bonnie P. Risk, Director, attended Wayne State College in Wayne, Nebraska.
Upon returning back home to Columbus, NE, she worked in factory positions.
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.  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 Bonnie
moved to Kimball in 1997.  In 1998, she began at GRI in sales support.  She
continues in sales support, and became the company stock transfer agent in
2004 upon retirement of Eileen Risk and is an assistant to the chief finan-
cial officer.

(f)  Involvement in Certain Legal Proceedings

None.


(g)  Promoters and Control Persons

None.


Page 40
<page>


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

Section 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 file.

Based solely on our review of copies of the Section 16(a) reports filed for
the fiscal year ended April 30, 2013, we believe that all filing requirements
applicable to our officers, directors, and greater than 10% beneficial owners
were complied with.


                Code of Ethics and Code of Business Conduct

The 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.


                            Corporate Governance

Nominating and Compensation Committees
---------------------------------------
We 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.

Our 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 nomin-
ation committee.  There have not been any defined policy or procedure re-
quirements 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.

Page 41
<page>

Audit Committee
----------------
We 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 Ex-
change Act of 1934, as amended.

Other Committees
-----------------
All proceedings of our Board of Directors for the year ended April 30, 2013
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.


Page 42
<page>


Item 11  Executive Compensation

The following table sets forth certain information regarding the compensation
paid to or accrued by the company for the chief executive officer for
services rendered in all capacities during each of the company's fiscal year
ended April 30, 2013 and 2012 (no other officer had compensation over
$100,000):

<TABLE>
<CAPTION>
                                                          Change in
                                                          Pension
                                                          Value and
                                               Non-      Non-
                                               Equity    qualified
                                               Incentive Deferred All
Name and                                       Plan      Compen   Other
principal                        Stock  Option Compen-   sation   Compen-
position   Year Salary  Bonus    Awards Awards sation    Earnings sation  Total
---------  ---- ------- -----    ------ ------ --------- -------- ------- -----
<S>        <C>  <C>     <C>      <C>    <C>    <C>       <C>      <C>     <C>
Ken R.
Risk,      2013 $73,000 $ 82,000   --     --     --        --     $2,000  $157,000
Former
Chief
Executive  2012 $83,000 $102,000   --     --     --        --     $2,000  $187,000
Officer

</TABLE>



Ken R. Risk did not have an employment contract with the company. He received
a base salary and bonus/commission based on a percentage of sales for the
year.  Other compensation consisted of a yearly discretionary match by the
company, which included the contribution match made by the company into the
401K plan.  The match consists of 25% of the deferral that is made by the
employee, up to 4% of their earnings.

Page 43
<page>


Item 12  Security Ownership of Certain Beneficial Owners and Management


The following table sets forth certain information regarding our Common Stock
beneficially owned as of April 30, 2013, 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 dis-
position 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.  Share 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 hold-
ing such options, warrants or convertible securities but are not deemed out-
standing for computing the percentage of any other person.  Percentages are
determined based on 5,035,525 shares of Common Stock of the Company issued
and outstanding and less treasury shares as of April 30, 2013.  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.


<TABLE>
<CAPTION>

                                                               % of Class
Name and Address                       Number of Shares         of Stock
of Beneficial Owener (1)              of Common Stock (2)    Outstanding (3)
------------------------              -------------------    ---------------
<S>                                   <C>                    <C>
Ken R. Risk
   Prior Chairman and CEO                2,187,056                    43.4%
Stephanie M. Risk-McElroy
   Chairman, CEO & CFO                       1,775             Less than 1%
Donna Debowey
   Director                                    500             Less than 1%
Bonnie Risk
   Director                                 28,685             Less than 1%
Bonita Risk Family Irrevocable Trust       732,470                    14.5%
Sharon Westby
   Secretary                                   250             Less than 1%
Daniel Douglas
   Vice President, Materials                   250             Less than 1%
                                      ------------            -------------
All Officers and Directors as a group
 (6 persons and 1 trust)                 2,950,986                    58.6%


5% Stockholders:
----------------
RWWM, Inc.
3260 Penryn Road
Suite 100
Loomis, CA 95650                           291,743                    5.79%


</TABLE>

(1) Unless otherwise indicated, the address of the named beneficial owner is
    George Risk Industries, Inc., 802 S. Elm Street, Kimball, NE 69145

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<page>

(2) 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.

(3) Based on the net shares outstanding as of April 30, 2013.  This consists
    of Common Shares issued and outstanding (8,502,881) less treasury shares
    (3,467,356).


Changes in Control
------------------
We 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.


Item 13  Certain Relationships and Related Party Transactions

During each of three years ended April 30, 2013, 2012, and 2011, 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.

<TABLE>
<CAPTION>
<S>                              <C>             <C>             <C>
Related Party                    2013            2012            2011

Airplane Lease
  Ken R. Risk,
  Former President and CEO       $   22,500      $   27,000      $   27,000


Building and Warehouse
 Leases/Rentals

 Ken R. Risk,
 Former President and CEO        $   15,350      $   18,420      $   18,420

 Bonnie Risk, Director           $    3,070             --              --

Bank Balances

 Joel Wiens, Director            $3,349,596      $4,818,466      $4,648,365

Interest Income

 Joel Wiens, Director            $    2,211      $    3,150      $    8,373


</TABLE>

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<page>


Item 14  Principal Accountant Fees and Services

1)Audit Fees

For each of the last two fiscal years the company incurred aggregate fees and
expenses for professional services rendered by our principal accountants for
the audit of our annual financial statements and review of our financial
statements for Form 10-Q.  The amounts are listed below:

     FYE 2013  $38,000     Haynie & Company
     FYE 2012  $37,000     Haynie & Company


2) Audit-Related Fees

The 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:

     FYE 2013   $ 6,000    Haynie & Company
     FYE 2012   $ 5,800    Haynie & Company

3) Tax Fees

The company incurred aggregate fees or expenses for professional services
rendered by our principal accountants for tax compliance, tax advice, and
tax planning for the last two fiscal years.  The amounts are listed below:

     FYE 2013   $ 3,945    Haynie & Company
     FYE 2012   $ 1,500    Haynie & Company


4) All Other Fees

There were no other fees incurred during each of the last two fiscal years.

5) 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.

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                                  Part IV

Item 15  Exhibits and Reports on Form 8-K


3.(1).a     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

3.(i).b     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

3.(ii).c    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

10.1        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
            herewith (see footnote below)

10.2        8-K for special dividend

10.3        8-K Ken Risk death

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

32.1        Certification pursuant to 18 U.S.C. 1350 of the Chief Executive
            Officer (Principal Financial and Accounting Officer)

_____________________________________
<FN>
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. The request is currently under review.

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<page>


SIGNATURES


Pursuant to the requirements of Section 13 or 15(d) of the Securities Exc-
hange Act of 1934, as amended, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly authorized.

/s/  Stephanie Risk-McElroy                             Date
Stephanie Risk-McElroy
President and Chairman of the Board                     July 28, 2014




Pursuant  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.



/s/ Stephanie M. Risk-McElroy   President and Chairman  Date
Stephanie Risk-McElroy          of the Board            July 28, 2014

/s/ Jerry Andersen       Director                       Date
Jerry Andersen                                          July 28, 2014


/s/ Joel H. Wiens        Director                       Date
Joel H. Wiens                                           July 28, 2014


/s/ Donna Debowey        Director                       Date
Donna Debowey                                           July 28, 2014

/s/ Bonnie P. Risk       Director                       Date
Bonnie P. Risk                                          July 28, 2014

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