Note 12 - Stock Based Compensation

12 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 

12

 – STOCK BASED COMPENSATION

During

2013,

ADM granted an aggregate of

5,600,000

stock options to employees and consultants expiring at various dates through

March 2016.

During

2014,

5,000,000

of the outstanding stock options were exercised.

On

September 2, 2015,

ADM granted an additional

3,000,000

stock options to employees at an exercise price of

$0.20

per option and with a term of

three

years. The options were valued at

$598,699

using the Black Scholes option pricing model with the following assumptions: risk free interest rate of

2.03%,

volatility of

353%,

estimated useful life of

3

years and dividend rate of

0%.

The following table summarizes information on all common share purchase options issued by us as of

March 31, 2017

and

2016.

	2017				2016
	# of Shares		Weighted Average Exercise Price		# of Shares			Weighted Average Exercise Price
Outstanding, beginning of year		3,000,000	$	0.20		600,000		$	0.01
Issued		-	$	-		3,000,000		$	0.20
Exercised		-	$	-		-		$	-
Expired		-	$	-		(600,000	)	$	(0.01	)
Outstanding, end of year		3,000,000	$	0.20		3,000,000		$	0.20
Exercisable, end of year		3,000,000	$	0.20		3,000,000		$	0.20

On

October 26, 2016,

ADM issued

290,000

shares of common stock at par value of

$.0005

to

two

privately held companies for consulting and public relation services. On

March 15, 2017,

ADM issued an additional

290,000

shares at a par value of

$.0005

to the same companies for additional services. During the year ended

March 31, 2017,

ADM issued a total of

580,000

shares of common stock. We estimated the value of these services to be

$98,600

based on the quoted market price of a share of common stock on the date of issuance.