EX-11 8 ex111.txt EXHIBIT 11.1 EXHIBIT 11.1 UNIFIED FINANCIAL SERVICES, INC. EARNINGS PER SHARE CALCULATION NINE MONTHS ENDED THREE MONTHS ENDED SEPTEMBER 30, SEPTEMBER 30, ----------------------------- ---------------------------- 2002 2001 2002 2001 ----------- ----------- ----------- ----------- INCOME AVAILABLE TO COMMON STOCKHOLDERS Net loss.................................... $ (1,003,523) $ (390,816) $ (132,560) $(353,184) ------------- ----------- ------------ ---------- CALCULATION OF COMMON STOCK Common shares outstanding at beginning of period................................ 2,877,634 2,880,028 2,858,972 2,880,028 ----------- ----------- ----------- --------- Acquisition of shares during period......... (18,662) -- -- -- ----------- ----------- ----------- --------- Common shares used in basic calculation.. 2,858,972 2,880,028 2,858,972 2,880,028 ----------- ----------- ----------- --------- Common stock equivalent of dilutive options. -- 25,536 -- 25,536 ----------- ----------- ----------- --------- Common shares used in fully diluted calculation............................ 2,858,972 2,905,564 2,858,972 2,905,564 ----------- ----------- ----------- --------- LOSS PER SHARE -------------- Basic........................................ $ (0.35) $ (0.14) $ (0.05) $ (0.12) ============ =========== ============ ========== Fully diluted............................... $ (0.35) $ (0.13) $ (0.05) $ (0.12) ============ =========== ============ ==========