Note 14 - Stock Based Compensation

12 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

NOTE 

1

4

– STOCK BASED COMPENSATION

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, 2019 

and 

2018.

 

	2019				2018
	# of Shares		Weighted		# of Shares		Weighted
			Average				Average
			Exercise				Exercise
			Price				Price
Outstanding, beginning of year		3,000,000	$	0.20		3,000,000	$	0.20
Issued		-		-		-		-
Exercised		-		-		-		-
Expired		3,000,000		-		-		-
Outstanding, end of year		-	$	0.00		3,000,000	$	0.20
Exercisable, end of year		-	$	0.00		3,000,000	$	0.20