George Risk Industries Files 10-Q for Q2 FY2025

TL;DR

GEORGE RISK INDUSTRIES (RSKIA) 10-Q FILED: Q2 FY25 RESULTS ARE IN.

AI Summary

George Risk Industries, Inc. filed its 10-Q for the period ending October 31, 2024. The filing covers the second quarter of fiscal year 2025. Key financial data and operational details for this period are presented, with the company's fiscal year ending on April 30th.

Why It Matters

This filing provides investors with an update on George Risk Industries' financial performance and position during the second quarter of their fiscal year, crucial for understanding ongoing business operations.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report (10-Q) with no immediate red flags or significant negative events indicated in the provided metadata.

Key Numbers

• Q2 FY2025 — Fiscal Quarter (Reporting period covered by the 10-Q)
• 2024-10-31 — Period End Date (The end date for the financial reporting period)
• 2024-12-16 — Filing Date (The date the report was submitted to the SEC)

Key Players & Entities

• GEORGE RISK INDUSTRIES, INC. (company) — Filer of the 10-Q
• 20241031 (date) — End of reporting period
• 20241216 (date) — Filing date
• 0000084112 (company) — Central Index Key for George Risk Industries, Inc.

FAQ

Key Financial Figures

• $0.10 — hich registered Class A Common Stock, $0.10 par value RSKIA OTC Markets Conve
• $20 — Markets Convertible Preferred Stock, $20 stated value RSKIA OTC Markets In
• $0.65 — — — ( 19,000 ) Dividend declared at $0.65 per common share outstanding — — —

Filing Documents

• form10-q.htm (10-Q) — 1166KB
• ex31-1.htm (EX-31.1) — 12KB
• ex32-1.htm (EX-32.1) — 5KB
• 0001493152-24-050238.txt ( ) — 4608KB
• rskia-20241031.xsd (EX-101.SCH) — 23KB
• rskia-20241031_cal.xml (EX-101.CAL) — 52KB
• rskia-20241031_def.xml (EX-101.DEF) — 78KB
• rskia-20241031_lab.xml (EX-101.LAB) — 226KB
• rskia-20241031_pre.xml (EX-101.PRE) — 163KB
• form10-q_htm.xml (XML) — 858KB

Financial Statements

Financial Statements The accompanying financial statements have been prepared in accordance with the instructions for Form 10-Q and do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. It is suggested that these condensed financial statements be read in conjunction with the financial statements and notes thereto included in the Company's April 30, 2024 annual report on Form 10-K. In the opinion of management, all adjustments, consisting only of normal recurring adjustments considered necessary for a fair presentation, have been included. Operating results for any quarter are not necessarily indicative of the results for any other quarter or for the full year. 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. Significant Accounting Policies — The significant accounting policies used in preparation of these condensed consolidated financial statements are disclosed in our Annual Report, and there have been no changes to the Company's significant accounting policies during the six months ended October 31, 2024. Purchase of Transferrable Tax Credits – In September 2024, pursuant to transferability provisions of the Inflation Reduction Act of 2022, the Company executed an agreement to purchase a tax credit of $ 3,431,000 created by solar energy projects qualifying under Internal Revenue Code Section 48 (the "Solar Tax Credit") in exchange for consideration of $ 2,917,000 , resulting in a total gain on federal Solar Tax Credit of $ 373,000 . This tax credit is available to offset income tax expense for the Company's 2025 fiscal year. During the three months ended October 31, 2024, the Company paid cash of $ 1,945,000 for this purchase and applied $ 947,000 of the tax credit towards income tax expen

View Full Filing

View this 10-Q filing on SEC EDGAR