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Note 10 - Options Outstanding
3 Months Ended
Jun. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 10 - OPTIONS OUTSTANDING


During 2013, ADM Granted an aggregate 5,600,000 stock options to employees and consultants expiring at various dates through fiscal 2015. The options had various exercise prices and were fully vested at the date of grant. The options were valued at $55,997 using Black Scholes option pricing model with the following assumptions: risk free interest rate of 4.9%, volatility of 414%, estimated useful life of 1.5 years and dividend rate of 0%. The following table summarizes information on all common share purchas options issued by us as of June 30, 2013 and 2012.


    2013    

2012

 
   

# of Shares

   

Weighted

Average

Exercise Price

   

# of Shares

   

Weighted

Average

Exercise Price

 
                                 

Outstanding, beginning of year

    5,600,000     $ 0.01       -     $ -  
                                 

Issued

    -       -       -       -  
                                 

Expired

    -       -       -       -  
                                 

Outstanding, June 30

    5,600,000     $ 0.01       -     $ -  
                                 

Exercisable, June 30

    5,600,000     $ 0.01       -     $ -