EX-11 2 d24814_ex11.txt EXHIBIT 11 EXHIBIT 11 COMPUTATION OF NET INCOME (LOSS) PER COMMON SHARE FOR THREE AND NINE MONTH PERIODS ENDED December 31, 2000 and 1999
Three Months Ended Nine Months Ended December 31, December 31, -------------------------- -------------------------- 2000 1999 2000 1999 ----------- ----------- ----------- ----------- Earnings per common share - basic Net (loss) income ........................ $ (397,003) $ 549,219 $ 32,644 $ 1,595,549 Preferred dividends ...................... (49,218) 0 (147,656) 0 ----------- ----------- ----------- ----------- Net (loss) income - basic ............... $ (446,221) $ 549,219 $ (115,012) $ 1,595,549 ----------- ----------- ----------- ----------- Weighted average common shares outstanding - basic ................... 2,261,322 2,229,392 2,256,780 2,223,664 ----------- ----------- ----------- ----------- Net (loss) income per common share - basic ......................... $ (0.20) $ 0.25 $ (0.05) $ 0.72 ----------- ----------- ----------- ----------- Earnings per common share - diluted Net (loss) income - basic ................ $ (446,221) $ 549,219 $ (115,012) $ 1,595,549 Impact of potential conversion of convertible preferred stock to common stock ...................... 49,218 0 147,656 0 ----------- ----------- ----------- ----------- Net (loss) income - diluted .............. $ (397,003) $ 549,219 $ 32,644 $ 1,595,549 ----------- ----------- ----------- ----------- Weighted average shares outstanding - basic ................... 2,261,322 2,229,392 2,256,780 2,223,664 Effect of dilutive securities - convertible preferred stock ....................... 208,333 0 208,333 0 ----------- ----------- ----------- ----------- Weighted average shares outstanding - diluted.................. 2,469,655 2,229,392 2,465,113 2,223,664 ----------- ----------- ----------- ----------- Net (loss) income per common share - diluted....................... Anti-dilutive $ 0.25 Anti-dilutive $ 0.72 ----------- -----------