EX-11 2 ex_104734.htm EXHIBIT 11 ex_104734.htm

Exhibit 11

 

 

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

 

 

 

 

   

Three Months Ended December 31,

    

Fiscal Years Ended September 30,

  
   

2017

    

2016

    

2017

    

2016

    

2015

  
           

(unaudited)

                          

NET INCOME

                                        

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

   $ 510,261     $ (313,706

)

   $ 1,408,396     $ 4,632,848     $ (122,377

)
                                         

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

   $ 510,261     $ (313,706

)

   $ 1,408,396     $ 4,632,848     $ (122,377

)
                                         

SHARES OUTSTANDING

                                        

Weighted average shares for basic earnings per share

     2,888,502       2,853,107       2,874,926       1,943,625       1,638,215  

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

     367,510       48,477       194,151       16,496       -  

Total shares for diluted earnings per share

     2,256,012       2,901,584       3,069,077       1,960,121       1,638,215  
                                         

Basic Earnings Per Common Share

   $ 0.18     $ (0.11

)

   $ 0.49     $ 2.38     $ (0.07

)

Diluted Earnings Per Common Share

   $ 0.16     $ (0.11

)

   $ 0.46     $ 2.36     $ (0.07

)