Note 6 - Options Outstanding

6 Months Ended

Sep. 30, 2016

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

NOTE 6 - OPTIONS OUTSTANDING

On September 2, 2015, ADM granted an additional 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 following table summarizes information on all common share purchase options issued by us as of September 30, 2016 and 2015.

	2016				2015
	# of Shares		Weighted Average Exercise Price		# of Shares		Weighted Average Exercise Price

Outstanding, beginning of year		3,000,000	$	0.20		600,000	$	0.02

Issued		-	$	-		3,000,000	$	0.20

Exercised		-	$	-		-	$	-

Expired		-	$	-		-	$	-

Outstanding, end of period		3,000,000	$	0.20		3,600,000	$	0.17

Exercisable, end of period		3,000,000	$	0.20		3,600,000	$	0.17

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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