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Stock Options
9 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock Options

10. Stock Options

 

On August 14, 2017, our board of directors approved and adopted the 2017 Non-Qualified Equity Incentive Plan (the “2017 Plan”), which authorized the grant of non-qualified stock options exercisable into a maximum of 7,000,000 shares of our common stock. From August 17, 2017 through December 13, 2018, the board of directors approved the grant of stock options to certain directors, employees and a consultant which were immediately vested and exercisable into a total of 6,550,000 shares of our common stock. During December 2019, all stock options granted pursuant to the 2017 Plan were exercised through both cash payment and cashless exercise as provided in the 2017 Plan. There were no stock options outstanding pursuant to the 2017 Plan as of December 31, 2021 and March 31, 2021. As of December 31, 2021 and March 31, 2021, there were 450,000 shares available to grant pursuant to the 2017 Plan and no options outstanding or exercisable.

 

 

EKIMAS CORPORATION

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2021

(UNAUDITED)