Exhibit 11
Applied Nanotech Holdings, Inc.
Computation of Income (Loss) Per Share

	Three Months ended June 30,						Six Months ended June 30,
	2014			2013			2014			2013
Computation of loss per common share:
Net loss applicable to common shares	$	(1,456,402	)	$	(643,918	)	$	(1,897,882	)	$	(2,018,858	)
Weighted average number of common shares		157,163,416			127,993,613			155,801,782			126,450,138
Net income (loss) per common share	$	(0.01	)	$	(0.01	)	$	(0.01	)	$	(0.02	)

** No computation of diluted loss per common share is included for the other periods because such computation results in an antidilutive loss per common share.