EX-11.1 5 l87637aex11-1.txt EXHIBIT 11.1 1 Exhibit 11.1 LANVISION SYSTEMS, INC. STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
Fiscal Year ----------------------------------------------- 2000 1999 1998 ----------- ----------- ------------ Net earnings (loss) $20,893 $(3,247,073) $(10,925,970) =========== =========== ============ Average shares outstanding 8,862,974 8,827,055 8,811,019 Stock options: Total options 123,646 - - Assumed treasury stock buyback (81,519) - - Warrants assumed converted - - - Convertible redeemable preferred stock assumed converted - - - ----------- ----------- ------------ Number of shares used in per common share computation 8,905,101 8,827,055 8,811,019 =========== =========== ============ Basic net earnings (loss) per share of common stock $.00 $(.37) $(1.24) =========== =========== ============ Diluted net earnings (loss) per share of common stock $.00 $(.37) $(1.24) =========== =========== ============
The diluted net (loss) per common share calculation, in fiscal 1999 and 1998, excludes the effect of the Stock Options and Warrants, as the inclusion thereof would be antidilutive.