EX-11 3 eps.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 For the Three Months Ended October 31 ---------- 2000 1999 ----------- ----------- Shares outstanding 6,077,068 4,552,242 ----------- ---------- Weighted average shares outstanding 6,007,158 4,451,372 Stock Options 1,412,675 1,452,500 Warrants 1,797,500 1,798,125 ----------- ---------- Total weighted average shares outstanding 9,217,333 7,701,997 =========== ========== Net income (loss) before cumulative change in accounting principle $ (440,270) $ 80,925 Cumulative effect of change in accounting principle -- 79,896 ----------- ---------- Net income (loss) $ (440,270) $ 160,821 =========== ========== Basic Net Earnings (Loss) per share Net income (loss) per common share before change in accounting principle $ (0.07) $ 0.02 Cumulative effect of change in accounting principle -- 0.02 ----------- ---------- Net income (loss) per common share $ (0.07) $ 0.04 =========== ========== Diluted Net Earnings (Loss) per share Net income (loss) per common share before change $ (0.07) $ 0.01 in accounting principal Cumulative effect of change in accounting principle -- 0.01 ----------- ---------- Net income (loss) per common share $ (0.07) $ 0.02 =========== ==========