EX-11.1 2 l19228aexv11w1.htm EX-11.1 EX-11.1
 

Exhibit 11.1
LANVISION SYSTEMS, INC.
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
                         
    Fiscal Year  
    2005     2004     2003  
Net earnings
   $ 2,551,072     $ 557,676     $ 1,019,166  
 
                  
Average shares outstanding
     9,121,369       9,067,816       8,996,734  
Stock options
     631,271       287,352       404,049  
Warrants assumed converted
     750,000       —       —  
Assumed treasury stock buyback
     (1,077,590 )     (121,848 )     (193,542 )
Convertible redeemable preferred stock assumed converted
     —       —       —  
 
                  
Number of shares used in per common share computation
     9,425,050       9,233,320       9,207,241  
 
                  
 
                        
Basic net earnings per share of common Stock
   $ .28     $ .06     $ .11  
 
                  
 
                        
Diluted net earnings per share of common stock
   $ .27     $ .06     $ .11