EX-11 2 a07-29071_1ex11.htm EX-11

Exhibit 11

 

CELSION CORPORATION

COMPUTATION OF EARNINGS PER SHARE

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

 

 

September 30,

 

September 30,

 

 

 

2007

 

2006

 

2007

 

2006

 

 

 

 

 

 

 

 

 

 

 

Net loss from continuing operatons - basic and diluted

 

$

(3,650,712

)

$

(2,613,812

)

$

(11,515,968

)

$

(7,336,160

)

Net income from discontinued operations - basic and diluted

 

$

33,054

 

$

1,622,664

 

$

49,755,211

 

$

838,691

 

Net (loss) / income - basic and diluted

 

$

(3,617,658

)

$

(991,148

)

$

38,239,243

 

$

(6,497,469

)

Weighted average shares outstanding - basic

 

10,774,497

 

10,737,222

 

10,764,878

 

10,728,100

 

Dilutive securities - options and warrants

 

—

 

—

 

761,839

 

—

 

Adjusted weighted average shares outstanding - dilutive

 

10,774,497

 

10,737,222

 

11,526,717

 

10,728,100

 

Net loss from continuing operations per common share - basic

 

$

(0.34

)

$

(0.24

)

$

(1.07

)

$

(0.68

)

Net loss from continuing operations per common share - diluted

 

$

(0.34

)

$

(0.24

)

$

(1.07

)

$

(0.68

)

Net income from discontinued operations per common share - basic

 

$

0.00

 

$

0.15

 

$

4.62

 

$

0.08

 

Net income from discontinued operations per common share - diluted

 

$

0.00

 

$

0.15

 

$

4.32

 

$

0.08

 

Net (loss) / income per common share - basic

 

$

(0.34

)

$

(0.09

)

$

3.55

 

$

(0.61

)

Net (loss) / income per common share - diluted

 

$

(0.34

)

$

(0.09

)

$

3.32

 

$

(0.61

)

•                  For the three month period ended September 30, 2007 and for the three and nine month periods ended September 30, 2006, all outstanding warrants and options that can be converted into Common Stock are not included, as their effect was anti-dilutive.

 

 

 

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