EX-11.0 2 d21638exv11w0.htm STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS exv11w0
 

Exhibit 11.0

REMOTE DYNAMICS, INC. AND SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
(in thousands, except per share)

                 
    Reorganized     Predecessor  
    Company     Company  
    Three Months     Three Months  
    Ended November 30,     Ended November 30,  
    2004     2003  
Net loss applicable to common stockholders:
  $ (1,198 )   $ (3,280 )
 
               
Weighted average number of shares outstanding:
               
Weighted average number of shares outstanding, net of treasury shares – Basic EPS
    6,241       9,670  
Additional weighted average shares for assumed exercise of stock options, net of shares assumed to be repurchased with exercise proceeds
           
 
               
 
           
Weighted average number of shares outstanding, net of treasury shares – Diluted EPS
    6,241       9,670  
 
           
 
               
Basic and diluted loss per common share
  $ (0.19 )   $ (0.34 )
 
           

     During the above mentioned periods, the Company had securities outstanding that could potentially dilute basic earnings per share in the future, but which were excluded from the computation of diluted net loss per share in the periods presented, as their effect would have been antidilutive. Such outstanding securities and the number of potentially issuable shares of common stock consist of the following.

                 
    Reorganized     Predecessor  
    Company     Company (a)  
    Three Months     Three Months  
    Ended November 30,     Ended November 30,  
    2004     2003  
Restricted stock ( not vested)
    525,000        
Convertible note payable
    689,655        
Convertible series A preferred stock
    2,500,000          
Outstanding stock options
          322,181  
Outstanding warrants to purchase common stock
    1,625,000       93,150  

(a)   All equity interests in the Predecessor Company (including but not limited to warrants, stock options, and anti-dilutive rights), outstanding as of the July 2, 2004 effective date of the plan of reorganization were extinguished.