FORM 10-Q
EXHIBIT 11
HICKOK INCORPORATED
CONSOLIDATED STATEMENT OF COMPUTATION OF EARNINGS
PER COMMON SHARE AND COMMON SHARE EQUIVALENTS
Three Months Ended | Six Months Ended |
2013 | 2012 | 2013 | 2012 | |
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NET INCOME |
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Net Income (loss) applicable to common shares for basic earnings per share | $119,431 | $(224,781) | $263,235 | $(407,921) |
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Net Income (loss) applicable to common shares for diluted earnings per share | $119,431 | $(224,781) | $263,235 | $(407,921) |
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SHARES OUTSTANDING |
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Weighted average shares for basic earnings per share | 1,638,215 | 1,394,278 | 1,582,776 | 1,322,385 |
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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 | 30,044 | -* | 30,044 | -* |
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Total shares for diluted earnings per share | 1,668,259 | 1,394,278 | 1,612,820 | 1,322,385 |
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Basic Earnings Per Common Share | $.08 | $(.16) | $.17 | $(.31) |
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Diluted Earnings Per Common Share | $.07 | $(.16) | $.16 | $(.31) |
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* Net effect of stock options was antidilutive for the period.