EX-10
from 10QSB
1 page
<table> Exhibit 11.1 Statement Re: Computation of Per Share Earnings (Loss) <caption> Three Months Ended Nine Months Ended September 30, September 30, 1997 1996 1997 1996 <s> <c> <c> <c> <c> Primary Weighted Average Common Shares Outstanding 2,305,500 2,305,500 2,305,500 1,749,945 Common Equivalent Shares Attributable to Convertible Preferred Stock - - - - Common Equivalent Shares Attributable to the Net Effect of Dilutive Stock Options Based on the Treasury Stock Method Using Average Market Price - - - - Shares Related to Sab No. 55, 64 and 83 - - - - Number of Shares Used in Computing Per Share Amounts 2,305,500 2,305,500 2,305,500 1,749,945 Net Income $ 107,213 $ 65,088 $ 252,568 $ 385,686 Net Income Per Share $ 0.05 $ 0.03 $ 0.11 $ 0.22 Fully Diluted Weighted Average Common Shares Outstanding 2,305,500 2,305,500 2,305,500 1,749,945 Common Equivalent Shares Attributable to Convertible Preferred Stock - - - - Common Equivalent Shares Attributable to the Net Effect of Dilutive Stock Options Based on the Treasury Stock Method Using Quarter End (Period-End) Price, if Higher Than Average Market Price 4,372 - 3,162 - Shares Related to Sab No. 55, 64 and 83 - - - - Number of Shares Used in Computing Per Share Amounts 2,309,872 2,305,500 2,308,662 1,749,945 Net Income $ 107,213 $ 65,088 $ 252,568 $ 385,686 Net Income Per Share $ 0.05 $ 0.03 $ 0.11 $ 0.22 <f1> Please Refer to Notes to Condensed Financial Statements, #6 and #10 for Additional Information Related to the Above Schedule on "Calculation of Earnings Per Share." </Fn> </Table>
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