EXHIBIT 11

Applied Nanotech Holdings, Inc.

Computation of Income (Loss) Per Share

	Three Months ended June 30,					Six Months ended June. 30,
	2010		2009			2010			2009
Computation of loss per common share:
Net loss applicable to common  shares	$	418,786	$	(654,027	)	$	(151 ,154	)	$	(1,487,141	)
Weighted average number of common shares		108,580,633		107,395,216			108,244,919			107,395,216
Net income (loss) per common share	$	0.00	$	(0.01	)	$	(0.00	)	$	(0.01	)
Computation of income ( loss ) per common share assuming full dilution**
Net loss applicable to common  shares	$	418,786
Weighted average number of common shares		108,729,402
Net income (loss) per common share	$	0.00

** No computation of diluted loss per common share is included for the other periods because such computation results in an antidilutive loss per common share.