OPTIONS

9 Months Ended

Dec. 31, 2021

OPTIONS

OPTIONS

NOTE 6– OPTIONS

As of December 31, 2021, there was no option expenses recognized by the Company and the balance of unrecognized option expense was zero. In addition 475,000 options expired for the resignation of an officer and director plus the termination of consultants holding options that were not converted in the required time period after termination.

The following sets forth the options granted and outstanding during the nine months ended December 31, 2021:

	Options			Weighted Average Exercise Price		Weighted Average Remaining Contract Life		Number of Options Exercisable			Intrinsic Value
Outstanding at March 31, 2021		1,405,000		$	0.34		4.80		1,405,000		$	--
Granted		--			--		--		--			--
Exercised
Expired		(475,000	)				--		(475,000	)		--
Outstanding at December 31, 2021		930,000		$	0.379		4.05		930,000		$	--

The weighted average remaining life and intrinsic value of the options as of December 31, 2021, was 4.05 years and zero, respectively.