Note 13 - Stock Based Compensation

3 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Share-based Payment Arrangement [Text Block]

NOTE 13 – STOCK BASED COMPENSATION

On January 13, 2020, ADM granted 300,000 stock options to one employee at an exercise price of $0.20 per option with a term of two years subject to vesting in four equal amounts of 75,000 shares every six months. The options were valued at $35,206 using the Black Scholes option pricing model with the following assumptions: risk free interest rate of 1.58%, volatility of 132%, 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  June 30, 2021 and 2020. 

	2021					2020
	# of Shares			Weighted		# of Shares		Weighted
				Average				Average
				Exercise				Exercise
				Price				Price
Outstanding, beginning of year		300,000		$	0.20		300,000	$	0.20
Issued		-			-		-		-
Exercised		-			-		-		-
Expired		-			-		-		-
Cancelled		(300,000	)		0.20
Outstanding, end of period		-		$	-		300,000	$	0.20
Exercisable, end of period		-		$	-		-	$	-