EX-11.1 3 b326998_ex11-1.txt EXHIBIT 11.1 Exhibit 11.1 Statement of Computation of Earnings Per Share
Weighted Average Total Shares Three Months Six Months ------------ -------------------------------------- Shares outstanding January 1, 2002 no activity 553,808 553,808 553,808 Shares outstanding June 30, 2002 553,808 553,808 553,808 ============ ============ ============ Net loss $ (924,987) $ (2,494,722) ============ ============ Net loss per share $ (1.67) $ (4.50) ============ ============ Shares outstanding January 1, 2003 709,719 709,719 709,719 Shares issued for IASI and Morlyn January 31, 2003 881,192 881,192 730,270 150/181 ------------ ------------ ------------ Shares outstanding June 30, 2003 1,590,911 1,590,911 1,439,989 ============ ============ ============ Net loss $ (5,253,513) $(16,116,113) ============ ============ Net loss per share $ (3.30) $ (11.19) ============ ============