Note 14 - Options Outstanding

12 Months Ended

Mar. 31, 2012

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

NOTE 14 - OPTIONS OUTSTANDING

During 2007, ADM granted an aggregate of 3,500,000 stock options to employees and consultants.  The options had an exercise price of $0.29 and were fully vested at the date of grant.  The options were valued at $351,529 using the Black Scholes option pricing model with the following assumptions: risk free interest rate of 4.9%, volitility of 85%, estimated useful life of 1.5 years and dividend rate of 0%. The following table summarizes information on all common share purchase options issued by us as of March 31, 2012 and 2011.

	2012						2011
	# of Shares			Weighted Average Exercise Price			# of Shares		Weighted Average Exercise Price
Outstanding, beginning of year		2,750,000		$	0.29			2,750,000	$	0.29
Expired		(2,750,000	)	$	(0.29	)		-	$	-
Outstanding, end of year		-			-			2,750,000	$	0.29
Exercisable, end of year		-			-			2,750,000	$	0.29