EX-11 2 dex11.txt FINANCIAL STATEMENTS EXHIBIT 11 INTERNATIONAL ASSETS HOLDING CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE For the Six Months Ended March 31, 2001 and 2000
2001 (1) 2000 -------- ---- Basic (Loss) Earnings Per Share Numerator: Net (loss) income $ (1,482,365) $ 620,033 Denominator: Weighted average number of common shares outstanding 2,218,356 2,059,493 Basic (loss) earnings per share $ (0.67) $ 0.30 Diluted (Loss) Earnings Per Share Numerator: Net (loss) income $ (1,482,365) $ 620,033 Denominator: Weighted average number of common shares outstanding 2,218,356 2,059,493 Weighted average number of net common shares that would be issued upon exercise of dilutive options assuming proceeds used to repurchase shares pursuant to the treasury stock method (2) - 324,682 Weighted average number of common shares and dilutive potential common shares outstanding 2,218,356 2,384,175 Diluted (loss) earnings per share $ (0.67) $ 0.26 ----------------------------------------------------------------------------------------------------------------------
(1) Diluted loss per share is the same as basic loss per share due to the net loss in 2001. (2) The treasury stock method recognizes the use of proceeds that could be obtained upon exercise of options in computing diluted earnings per share. It assumes exercise of options as of the beginning of the period or when issued, if later, and that any proceeds would be used to purchase common stock at the average market price during the period. EXHIBIT 11 INTERNATIONAL ASSETS HOLDING CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE For the Three Months Ended March 31, 2001 and 2000
2001 (1) 2000 -------- ---- Basic (Loss) Earnings Per Share Numerator: Net (loss) income $ (885,930) $ 217,147 Denominator: Weighted average number of common shares outstanding 2,221,751 2,171,311 Basic (loss) earnings per share $ (0.40) $ 0.10 Diluted (Loss) Earnings Per Share Numerator: Net (loss) income $ (885,930) $ 217,147 Denominator: Weighted average number of common shares outstanding 2,221,751 2,171,311 Weighted average number of net common shares that would be issued upon exercise of dilutive options assuming proceeds used to repurchase shares pursuant to the treasury stock method (2) - 240,014 Weighted average number of common shares and dilutive potential common shares outstanding 2,221,751 2,411,325 Diluted (loss) earnings per share $ (0.40) $ 0.09 --------------------------------------------------------------------------------------------------------------------
(1) Diluted loss per share is the same as basic loss per share due to the net loss in 2001. (2) The treasury stock method recognizes the use of proceeds that could be obtained upon exercise of options in computing diluted earnings per share. It assumes exercise of options as of the beginning of the period or when issued, if later, and that any proceeds would be used to purchase common stock at the average market price during the period.