EXHIBIT 11

Applied Nanotech Holdings, Inc.

Computation of Income (Loss) Per Share

	Three Months ended September 30,						Nine Months ende  September 30,
	2010			2009			2010			2009
Computation of loss per common share:
Net loss applicable to common shares	$	(1,053,997	)	$	(4,435	)	$	(1,205,151	)	$	(1,491,576	)
Weighted average number of common shares		108,841,403			107,446,878			108,941,722			107,412,626
Net loss per common share	$	(0.01	)	$	(0.00	)	$	(0.01	)	$	(0.01	)

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