• Filing Date: 2019-02-19
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
Note 6 - Options Outstanding
9 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]
NOTE 
6
 - OPTIONS OUTSTANDING
 
 
On 
September 2, 2015, 
ADM granted 
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 options expired on
September 30, 2018.
 
The following table summarizes information on all common share purchase options issued by us for the
nine
-month period ended
December 31, 2018 
and the year ended
March 31, 2018.
 
 
 
  
   
December 31, 2018
   
March 31, 2018
 
   
# of Shares
   
Weighted
Average
Exercise
Price
   
# of Shares
   
Weighted
Average
Exercise
Price
 
                                 
Outstanding, beginning of period/year
   
3,000,000
    $
0.20
     
3,000,000
    $
0.20
 
                                 
Issued
   
-
     
-
     
-
     
-
 
                                 
Exercised
   
-
     
-
     
-
     
-
 
                                 
Expired
   
(3,000,000
)
  $
0.20
     
-
     
-
 
                                 
Outstanding, end of period/year
   
-
     
-
     
3,000,000
    $
0.20
 
                                 
Exercisable, end of period/year
   
-
     
-
     
3,000,000
    $
0.20