EX-11 3 d89825ex11.txt COMPUTATION OF EARNINGS PER SHARE 1 EXHIBIT 11 COMPUTATION OF EARNINGS PER SHARE A reconciliation of basic to diluted earnings per share for the quarters ended June 30, 2001 and 2000, is as follows:
2001 2000 -------------------------------- -------------------------------- Basic Diluted Basic Diluted ----------- ----------- ----------- ----------- Net loss $(1,039,404) $(1,039,404) $ (816,477) $ (816,477) =========== =========== =========== =========== Weighted average number of common shares outstanding during the period 4,368,615 4,368,615 4,400,210 4,400,210 Net effect of dilutive stock options based on the treasury stock method at market prices -- -- -- -- ----------- ----------- ----------- ----------- Shares used for computation 4,368,615 4,368,615 4,400,210 4,400,210 =========== =========== =========== =========== Net loss per share $ (0.24) $ (0.24) $ (0.19) $ (0.19) =========== =========== =========== ===========
As the Company incurred a net loss for the quarters ended June 30, 2001 and 2000, there were no adjustments for potentially dilutive securities as the adjustments would have been antidilutive. 18