EX-4
from 10QSB
1 page
Exhibit 11.1 Greka Energy Corporation Computation of Earnings (Loss) Per Common Share for the Three Month Period Ended March 31, 1999 and 1998 1999 1998 Basic Earnings Net Income (Loss) Before Minority Interest in Earnings (Loss) of Consolidated Subsidiary (1,133,580) (358,304) Minority Interest in Earnings (Loss) of Consolidated Subsidiary (1,038) 0 Preferred Stock Dividends (8,958) 0 Net Income (Loss) Available to Common (1,141,498) (358,304) =========== ========== Basic Shares Weighted Average Number of Common Shares Outstanding 3,025,655 1,558,843 =========== ========== Basic Earnings Per Common Share Net Income (Loss) Available to Common $ (0.38) $ (0.23) =========== ========== Diluted Earnings Net Income (Los) Before Minority Interest in Earnings (Loss) of Consolidated Subsidiary (1,133,580) (358,304) Minority Interest in Earnings (Loss) of Consolidated Subsidiary (1,038) 0 Preferred Stock Dividends (8,958) - Plus Interest Expense Attributable to Debentures, Net of Related Income Taxes - 0 Net Income (Loss) Available to Common (1,141,498) (358,304) =========== ========== Diluted Shares Weighted Average Number of Common Shares Outstanding 3,025,655 1,558,843 Effect of Dilutive Securities: Of Shares Underlying Options - 0 of Shares Underlying Convertible Debentures - 0 Diluted Shares 3,025,655 1,558,843 =========== ========== Diluted Earnings Per Common Share Net Income (Loss) $ (0.38) $ (0.23) =========== ========== Memo Only (Do Not Edgarize) Dilution Factor: Diluted EPS/Basic EPS 100.000% 100.000% =========== ==========
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