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, | |
2014 2013 | 2014 2013 |
NET INCOME | $386,911 | $(133,777) | $(231,031) | $129,458 |
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Net Income (Loss) applicable to common shares for diluted earnings per share | $386,911 | $(133,777) | $(231,031) | $129,458 |
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SHARES OUTSTANDING | 1,638,215 | 1,638,215 | 1,638,215 | 1,601,256 |
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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 | 27,906 |
| * | 18,927 |
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Total shares for diluted earnings per share | 1,666,121 | 1,638,215 | 1,638,215 | 1,620,183 |
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Basic Earnings Per Common Share | $.24 | $.(08) | $(.14) | $.08 |
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Diluted Earnings Per Common Share | $.23 | $(.08) | $(.14) | $.08 |
* Net effect of stock options was antidilutive for the period.