EX-11.1 4 dex111.txt COMPUTATION OF EARNINGS Exhibit 11.1 ------------ NDC AUTOMATION, INC COMPUTATION OF EARNINGS PER SHARE For The Year Ended November 30, 2001
FULLY PRIMARY DILUTED EPS EPS -------------------------- Exercise NUMBER OF SHARES UNDERLYING OUTSTANDING # shares Price --------------------- OPTIONS: 93 plan 49,000 $ 1.56000 $ 76,440.00 $ 76,440.00 97 Plan 44,500 $ 0.50000 $ 22,250.00 $ 22,250.00 $ 0.00 $ 0.00 -------- 93,500 ======== --------------------------- PROCEEDS UPON EXERCISE OF OPTIONS $ 98,690.00 $ 98,690.00 =========================== NUMBER OF SHARES UNDERLYING OUTSTANDING WARRANTS: 0 0 EXERCISE PRICE PER SHARE $ 0.00 $ 0.00 PROCEEDS UPON EXERCISE OF WARRANTS $ 0.00 $ 0.00 --------------------------- TOTAL PROCEEDS $ 98,690.00 $ 98,690.00 =========================== MARKET PRICE OF COMMON STOCK AVERAGE DURING THE PERIOD ENDED November 30, 2001 $ 0.29 CLOSING AT November 30, 2001 $ 0.21 SHARES THAT COULD BE REPURCHASED WITH TOTAL PROCEEDS 343,021 ============ 469,952 ============ EXCESS OF SHARES UNDERLYING OPTIONS/WARRANTS OVER SHARES THAT COULD BE REPURCHASED (249,521) (376,452) COMMON STOCK EQUIVALENT SHARES 0 0 WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 3,586,451 3,586,451 =========================== TOTAL AVERAGE NUMBER OF COMMON AND COMMON EQUIVALENT SHARES 3,586,451 3,586,451 =========================== NET INCOME $ 580,818.00 $ 580,818.00 =========================== EARNINGS PER SHARE $ 0.1619 $ 0.1619 ===========================