EX-10
from 10-Q
1 page
Exhibit 11.1 <table> <caption> Statement Regarding Computation of Per Share Earnings the Numerators and Denominators of Basic and Fully Diluted Earnings Per Share Are as Follows: | | | | | | | | Three Months | Three Months | Nine Months | Nine Months | | | Ended September | Ended September | Ended September | Ended September | | | 30, 2004 | 30, 2003 | 30, 2004 | 30, 2003 | | | | | | | <s> <c> <c> <c> <c> | | | | | | | Net (Loss) Income Allocable to Common Shares| $ (793,331) | $ (2,246,049) | $ (4,085,887) | $ (23,097,727) | | (Numerator) | | | | | | | | | | | | Shares Used in the Calculation (Denominator)| | | | | | | | | | | | Weighted Average Shares Outstanding | 6,353,334 | 100 | 2,133,303 | 100 | | | | | | | | Effect of Diluted Stock Options | -- | -- | -- | -- | | | | | | | | Fully Diluted Shares | 6,353,334 | 100 | 2,133,303 | 100 | | | | | | | | | | | | | | Basic Earnings Per Share | $ (0.12) | $ (22,460) | $ (1.92) | $ (230,977) | | | | | | | | | | | | | | Fully Diluted Earnings Per Share | $ (0.12) | $ (22,460) | $ (1.92) | $ (230,977) | | | | | | | </Table>
12/34/56