EX-11 3 j0705_ex11.htm EX-11

Exhibit 11

 

 

Ballantyne of Omaha, Inc. and Subsidiaries

Computation of Loss per Share of Common Stock

Three Months Ended March 31, 2003 and 2002

 

 

 

 

 

2003

 

2002

 

Basic loss:

 

 

 

 

 

Loss applicable to common stock

 

$

(384,095

)

$

(234,293

)

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

12,608,096

 

12,566,080

 

 

 

 

 

 

 

Basic loss per share

 

$

(0.03

)

$

(0.02

)

 

 

 

 

 

 

Diluted loss:

 

 

 

 

 

Loss applicable to common stock

 

$

(384,095

)

$

(234,293

)

 

 

 

 

 

 

Weighted average common shares
Outstanding

 

12,608,096

 

12,566,080

 

 

 

 

 

 

 

Assuming conversion of options
Outstanding

 

—

 

—

 

 

 

 

 

 

 

Weighted average common shares
Outstanding, as adjusted

 

12,608,096

 

12,566,080

 

 

 

 

 

 

 

Diluted loss per share

 

$

(0.03

)

$

(0.02

)

 

Because the Company reported net losses for the three months ended March 31, 2003 and 2002, the calculation of net loss per share-diluted excludes potential common shares from stock options as they are anti-dilutive and would result in a reduction in loss per share.  If the Company had reported net income for these periods, there would have been 190,893 and 80,315 additional shares, respectively, in the calculation of net loss per share-diluted.