Note 14 - Stock Based Compensation
 12 Months Ended
Mar. 31, 2022
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

NOTE 14 – 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% During the year ended March 31, 2021, 150,000 of the stock options became exercisable, resulting in stock based compensation of $17,603. During the year ended March 31, 2022, the stock options were cancelled.

 

The following table summarizes information on all common share purchase options issued by us as of March 31, 2022 and 2021.

 

   

2022

    

2021

  
   

# of Shares

    

Weighted

    

# of Shares

    

Weighted

  
           

Average

            

Average

  
           

Exercise

            

Exercise

  
           

Price

            

Price

  
                                 

Outstanding, beginning of year

     300,000     $ 0.20       300,000     $ 0.20  
                                 

Issued

     -       -       -       -  
                                 

Exercised

     -       -       -       -  
                                 

Expired

     -       -       -       -  
                                 

Cancelled

     (300,000 )     0.20       -       -  
                                 

Outstanding, end of year

     -     $ -       300,000     $ 0.20  
                                 

Exercisable, end of year

     -     $ -       150,000     $ 0.20