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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, | ||
2012 | 2011 |
NET INCOME | $143,804 | $(183,140) |
Net income (loss) applicable to common | $143,804 | $(183,140) |
SHARES OUTSTANDING | 1,528,541 | 1,251,273 |
Net effect of dilutive stock options - based on the treasury stock method using year-end market price, if higher than average market price | 12,942 | -* |
Total shares for diluted earnings per share | 1,541,483 | 1,251,273 |
Basic Earnings Per Common Share | $.09 | $(.15) |
Diluted Earnings Per Common Share | $.09 | $(.15) |
* Net effect of stock options was antidilutive for the period.