EX-11 5 ex11.htm COMPUTATION OF EARNINGS Computation of Earnings

EXHIBIT 11

NANO-PROPRIETARY, INC.

COMPUTATION OF (LOSS) PER COMMON SHARE


   
Three months ended December 31,
  
Year ended December 31,
  
   
2004
  
2003
  
2002
  
2004
  
2003
  
2002
  
                           
Net income (loss) applicable
                                      
to common shareholders
  
$
(1,136,322
)
$
(1,534,897
)
$
(600,597
)
$
(4,612,026
)
$
(4,214,202
)
$
(4,946,351
)
                                       
Weighted average number
                                      
of common shares
    
96,018,127
   
95,424,044
   
75,984,625
   
96,609,237
   
87,366,507
   
71,829,575
 
                                       
Net income (loss) per
                                      
per share
  
$
(0.01
)
$
(0.02
)
$
(0.01
)
$
(0.05
)
$
(0.05
)
$
(0.07
)


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