EX-11 4 ex11.txt SCHEDULE COMPUTATION NET EARNINGS PER SHARE EXHIBIT 11 -- SCHEDULE OF COMPUTATION OF NET EARNINGS PER SHARE YEAR ENDED JUNE 30, ------------------------------------- 2002 2001 2000 ---------- ---------- ---------- Net income(loss) $ (241,434) $ (794,679) $ 495,758 BASIC Weighted average number of 7,456,181 7,524,913 7,408,821 shares outstanding during the year Basic income (loss) per share: Net income (loss) $ (0.03) $ (0.11) $ 0.07 ========== ========== ========== DILUTED Weighted average number of 7,456,181 7,524,913 7,408,821 shares outstanding during the year Effect of dilutive securities: Common stock equivalent shares (determined using the "treasury stock" method representing shares issuable upon exercise of common stock options -- -- 2,278 ---------- ---------- ---------- Weighted average number of shares used in calculation of diluted earnings per 7,456,181 7,524,913 7,411,099 share ========== =========== ========== Diluted income (loss) per share: Net income (loss) $ (0.03) $ (0.11) $ 0.07 ========== =========== ==========