<DOCUMENT>
<TYPE>EX-11.1
<SEQUENCE>2
<FILENAME>ex11-1.txt
<DESCRIPTION>COMPUTATION OF PER SHARE EARNINGS
<TEXT>

<PAGE>   1


EXHIBIT 11.1

                 STATEMENT RE COMPUTATION OF PER SHARE EARNINGS
<TABLE>
<CAPTION>

                                                                                       THREE MONTHS ENDED
                                                                                       ------------------
                                                                            JUNE 30, 2000              JUNE 30, 1999
                                                                            -------------              -------------

<S>                                                                         <C>                        <C>
Net income (loss ) (in thousands)                                           $       (280)              $        (312)

Weighted average common shares outstanding                                    13,842,561                  11,500,081

Basic income (loss) per share                                               $      (0.02)              $       (0.03)

Dilutive effective of options and warrants outstanding
    under treasury-stock method                                                  -------                     -------


Diluted income (loss) per share                                             $      (0.02)              $       (0.03)
</TABLE>
</TEXT>
</DOCUMENT>