EX-11 2 exhibit11.htm EXHIBIT 11 TO FORM 10-QSB Exhibit11FY05Q1

FORM 10-QSB

EXHIBIT 11


 

HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS



 
 
 
  

Three Months Ended 


December 31, 


2004

2003



 

NET INCOME
Net income (loss) applicable to common
shares for basic earnings per share

$<483,758>

$172,010




Net income (loss) applicable to common
shares for diluted earnings per share

$<483,758>

$172,010




SHARES OUTSTANDING
Weighted average shares for basic earnings per share

1,213,073

1,219,750




Net effect of dilutive stock options - based on the treasury stock method using year-end market price, if higher than average market price 

                -*

   18,472




Total shares for diluted earnings per share

1,213,073

1,238,222




Basic Earnings Per Common Share

$<.40>

$.14




Diluted Earnings Per Common Share

$<.40>

$.14



*  Net effect of stock options was antidilutive for the period.