Multiplicand = 0011
Multiplier = 1010
Step 1: Align the numbers
0011
x 1010
-----
0011
Step 2: Initialize the algorithm
Multiplier = 1010
Product = 00000011
Step 3: Repeat until the multiplier becomes zero
Multiplier = 0101
Product = 00000011
Multiplier = 0010
Product = 00000011
Multiplier = 0001
Product = 00000011 - 0011 = 11111100 (2's complement)
Multiplier = 0000
Product = 11111100 (2's complement) = -4 (in decimal)
Result = -4