Note 13 - Stock Based Compensation

3 Months Ended

Jun. 30, 2020

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

NOTE 

13

 – STOCK BASED COMPENSATION

On

January 13, 2020,

ADM granted

300,000

stock options to

one

employee at an exercise price of

$0.20

per option with a term of

two

years subject to vesting in

four

equal amounts of

75,000

share every

six

months. The options were valued at 

$35,206

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

1.58%,

 volatility of 

132%,

 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 

June 30, 2020 

and 

2019.

 

	2020				2019
	# of Shares		Weighted		# of Shares		Weighted
			Average				Average
			Exercise				Exercise
			Price				Price
Outstanding, beginning of year		300,000	$	.20		-	$	-
Issued		-		-		-		-
Exercised		-		-		-		-
Expired		-		-		-		-
Outstanding, end of period		300,000	$	0.20		-		-
Exercisable, end of period		-	$	-		-		-

As of

June 30, 2020,

there was

$35,206

of unrecognized compensation costs, which is expected to be recognized as follows:

For the years ending June 30,	Amount
2021	$	11,735
2022		11,735
2023		11,736
	$	35,206