Note 11 - Warrants

9 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Warrant Liability [Text Block]

NOTE 11  – WARRANTS

On April 11, 2023, warrants to purchase Company stock were issued to two outside consultants. Each consultant was granted 100,000 warrants with a strike price of $0.20. The Warrants vested and were exercisable immediately. The warrants were valued using a Black Scholes model effective April 11, 2023, cumulative volatility was computed at 123.52% and the total valuation was $8,256 which will be amortized over the 24-month life.

Outstanding and exercisable
Range of Exercise prices		Number outstanding		Weighted average remaining life in years		Weighted Average Exercise Price		Exercisable
$	0.20		200,000		0.78	$	0.20		200,000

	2024				2023
	# of Shares		Weighted Average		# of Shares		Weighted Average
			Exercise Price				Exercise Price
Outstanding, beginning of year		200,000	$	0.20		-		-
Issued		-		-		200,000	$	0.20
Exercised		-		-		-		-
Expired		-		-		-		-
Cancelled		-		-		-		-
Outstanding, end of period		200,000	$	0.20		200,000	$	0.20
Exercisable, end of period		200,000	$	0.20		200,000	$	0.20