All other trademarks are the property of their respective owners. & & & & & & One unique feature of the Small and Mid-Cap is the Performance Ranking System.& It is available as a print product or as a PDF delivered via email. Online tools include a screener, alerts, watch-lists and charting. Print capabilities are included. & There are over 200 data fields that can be screened to help make informed decisions. In addition, our database of mostly microcap firms adds more than 2,000 additional names. Five years' history is included. EAM is organized as a Delaware statutory trust and has no fixed term. EAM acts as the Adviser to the Value Line Funds. EULAV Securities acts as the Distributor for the Value Line Funds. The Publishing segment constitutes the Company's only reportable business segment. & There are many competing firms and a wide variety of product offerings. As of April 30, 2021, AB&Co., This Building became the Company's new corporate office facility. All purchases listed below were made in the open market at prevailing market prices. & MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. & The Ranking System is made available to EAM for specific uses without charge. There were no capital gain distributions from ETFs in fiscal 2019. & These timing differences create deferred tax assets and liabilities. Retired Deputy Commissioner, New York City Police Department ("NYPD"), from 2014 to 2018. Mr. Anastasio has been employed by Value Line, Inc. for more than 30 years. The Company is included in the consolidated federal income tax return filed by AB&Co. EAM currently has no separately managed account clients. & 10.2 Form of Servicing and Reimbursement Agreement between the Company and AB&Co., Accordingly, we express no such opinion. & As of April 30, 2021, the carrying value of the investment was $60,977,000.& 2016-02, "Leases (Topic 842)".& & Inputs are classified as observable or unobservable. Value Line's percent share of EAM's revenues is calculated each fiscal quarter.& & There were no receivables due from the Parent at April 30, 2021 or April 30, 2020.& & Other than EAM, the Company does not have an interest in any other VIEs. & The term of the PPP Loan is two years.& & I have reviewed this report on Form 10-K of Value Line, Inc.; & & 2. 2016-02, and its impact on the financial statements has not been determined. & & Substantially all of the revenue is generated from related parties. & & Note E - Furniture and Equipment & Furniture and equipment are carried at cost.
