FORM 10-Q
EXHIBIT 11
HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended | Nine Months Ended | |
June 30, | June 30, | |
2012 2011 | 2012 2011 |
NET INCOME | $(170,975) | $(125,949) | $(578,896) | $(657,612) |
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Net Income (Loss) applicable to common shares for diluted earnings per share | $(170,975) | $(125,949) | $(578,896) | $(657,612) |
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SHARES OUTSTANDING | 1,394,278 | 1,248,095 | 1,346,261 | 1,248,095 |
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Net effect of dilutive stock options - based on the treasury stock method using year-end market price, if higher than average market price | * |
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Total shares for diluted earnings per share | 1,394,278 | 1,248,095 | 1,346,261 | 1,248,095 |
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Basic Earnings Per Common Share | $(.12) | $.(10) | $(.43) | $(.52) |
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Diluted Earnings Per Common Share | $(.12) | $(.10) | $(.43) | $(.52) |
* Net effect of stock options was antidilutive for the period.