EX-11 3 brain11.htm EX. 11.1 CALCULATION EXHIBIT 11

EXHIBIT 11.1

CALCULATION OF WEIGHTED AVERAGE FOR THE SIX MONTH PERIOD ENDED JUNE 30, 2002

BEGINNING BALANCE: 55,293,311


DATE

NO. OF SHARES ISSUED

CONTRIBUTION TO
WEIGHTED AVERAGE


ENDING BALANCE

Jan. 04, 2002

100,000

97,790

55,391,101

Mar. 05, 2002

300,000

193,923

55,585,024

Mar. 12, 2002

100,000

60,773

55,645,797

Apr. 17, 2002

5,643,187

2,307,159

57,952,956

 

Net Loss for the period: $930,680

Weighted Average shares: 57,952,956

Net Loss per share: $(0.02)