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FORM 10-Q
EXHIBIT 11
HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended | ||
December 31, | ||
2011 | 2010 |
NET INCOME | $<183,140> | $<317,982> |
Net income (loss) applicable to common | $<183,140> | $<317,982> |
SHARES OUTSTANDING | 1,251,273 | 1,248,095 |
Net effect of dilutive stock options - based on the treasury stock method using year-end market price, if higher than average market price | * | - |
Total shares for diluted earnings per share | 1,251,273 | 1,248,095 |
Basic Earnings Per Common Share | $<.15> | $<.25> |
Diluted Earnings Per Common Share | $<.15> | $<.25> |
* Net effect of stock options was antidilutive for the period.