Note 14 – Options Outstanding

12 Months Ended

Mar. 31, 2013

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

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

NOTE 14 – OPTIONS OUTSTANDING  

During 2013, ADM granted an aggregate of 5,600,000 stock options to employees and consultants expiring at various dates through fiscal 2015. The options have various exercise prices and were fully vested at the date of grant. The options were valued at $55,997 using the Black Scholes option pricing model with the following assumptions: risk free interest rate of 4.9%, volatility of 414%, 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, 2013 and 2012.

	2013				2012
	# of Shares		Weighted Average Exercise Price		# of Shares			Weighted Average Exercise Price
Outstanding, beginning of year		-	$	-		2,750,000		$	0.29
Issued		5,600,000		0.01
Expired						(2,750,000	)	$	(0.29	)
Outstanding, end of year		5,600,000	$	0.01		-			-
Exercisable, end of year		5,600,000	$	0.01		-			-