NOTE 8. STOCK-BASED COMPENSATION

9 Months Ended

Dec. 31, 2024

Notes

NOTE 8. STOCK-BASED COMPENSATION

NOTE 8. STOCK-BASED COMPENSATION

Stock-based compensation expense was $14,261 for the third quarter of fiscal 2025, $12,544 for the third quarter of fiscal 2024, $137,906 for the first nine months of fiscal 2025, and $129,392 for the first nine months of fiscal 2024. We calculate share-based compensation expense using the Black-Scholes-Merton standard option-pricing model.

	Quarter Ended December 31,		Nine Months Ended December 31,
	2024	2023		2024	2023
Stock options grant	-	4,000		6,500	6,500
Stock options exercised	8,000	-		9,000	4,000

During the three and nine months ended December 31, 2024 there were 6,000 and 7,000 stock options, respectively, exchanged in a cashless net option exercise which resulted in 1,146 and 1,490 shares issued, respectively. During the nine months ended December 31, 2023 there were 2,000 stock options exchanged in a cashless net option exercise which resulted in 575 shares issued.