ADM TRONICS UNLIMITED, INC. - 10-K filing on 2022-07-08

Note 15 - Warrant Liability	12 Months Ended
Mar. 31, 2022
Notes to Financial Statements
Warrant Liability [Text Block]	NOTE 15 – WARRANT LIABILITY On July 2, 2021, ADM entered into a consulting agreement. The agreement granted a consultant a warrant to purchase up to 3,500,000 shares of the Company's par value common stock at an exercise price of $0.17 per share for the first twelve months of the agreement and $0.20 per share for the second twelve months of the agreement. The warrants were classified as a liability in the total amount of $287,844, using the Black Scholes option pricing model with the following assumptions: risk free interest rate of 1.58%, volatility of 143%, estimated useful life of 2 years and dividend rate of 0% In addition, the warrants must be valued every reporting period and adjusted to market with the increase or decrease being adjusted through earnings. As of March 31, 2022, the fair value of the warrant liability was $182,161.

Note 15 - Warrant Liability

12 Months Ended

Mar. 31, 2022

NOTE 15 – WARRANT LIABILITY

On July 2, 2021, ADM entered into a consulting agreement. The agreement granted a consultant a warrant to purchase up to 3,500,000 shares of the Company's par value common stock at an exercise price of $0.17 per share for the first twelve months of the agreement and $0.20 per share for the second twelve months of the agreement.

The warrants were classified as a liability in the total amount of $287,844, using the Black Scholes option pricing model with the following assumptions: risk free interest rate of 1.58%, volatility of 143%, estimated useful life of 2 years and dividend rate of 0%

In addition, the warrants must be valued every reporting period and adjusted to market with the increase or decrease being adjusted through earnings. As of March 31, 2022, the fair value of the warrant liability was $182,161.