NOTE 5 - OPTIONS AND WARRANTS

9 Months Ended

Dec. 31, 2013

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

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

NOTE 5 – OPTIONS AND WARRANTS

Warrants

The following table summarizes the changes in warrants outstanding and related prices for the shares of the Company’s common stock issued to shareholders at December 31, 2013:

Exercise Price		Number Outstanding		Warrants Outstanding Weighted Average Remaining Contractual Life (years)		Weighted Average Exercise Price		Number Exercisable		Warrants Exercisable Weighted Average Exercise Price
$	0.25		1,200,000		0.40	$	0.25		1,200,000	$	0.25
$	0.30		5,301,264		0.23	$	0.30		5,301,264	$	0.30
			6,501,264		0.26				6,501,264	$	0.29

Transactions involving the Company’s warrant issuance are summarized as follows:

	Stock Warrants
				Weighted
				Exercise
	Shares			Price
Outstanding at March 31, 2012		7,033,643		$	0.29
Granted		—			—
Canceled		(532,379	)		(0.30	)
Expired		—			—
Exercised		—			—
Outstanding at March 31, 2013		6,501,264			0.29
Granted		—			—
Canceled		—			—
Expired		—			—
Exercised		—			—
Outstanding at December 31, 2013		6,501,264		$	0.29

Options

As of December 31, 2013 and March 31, 2013, the Company had no outstanding options.

- 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.

+ References+ Details

TAMM Oil & Gas Corp. 10-Q