EX-11 3 exhibit_eps.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS For The Six Months Ended January 31 2002 2001 ------------ ------------ Shares outstanding 7,928,099 6,504,351 ------------ ------------ Weighted average shares outstanding 7,222,028 6,145,403 Stock Options 1,985,540 1,412,675 Warrants -- 1,797,500 ------------ ------------ Total weighted average shares outstanding 9,207,568 9,355,578 ============ ============ Net income (loss) $ (797,214) $ (934,449) ============ ============ Basic Net Earnings (Loss) per share $ (0.11) $ (0.15) ============ ============ Diluted Net Earnings (Loss) per share $ (0.11) $ (0.15) ============ ============