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 |
2016 | 2015 | 2016 | 2015 | |
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NET INCOME |
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Net Income (loss) applicable to common shares for basic earnings per share | $(464,444) | $(276,663) | $(511,633) | $(547,319) |
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Net Income (loss) applicable to common shares for diluted earnings per share | $(464,444) | $(276,663) | $(511,633) | $(547,319) |
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SHARES OUTSTANDING |
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Weighted average shares for basic earnings per share | 1,638,215 | 1,638,215 | 1,638,215 | 1,638,215 |
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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 | 1,638,215 | 1,638,215 | 1,638,215 | 1,638,215 |
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Basic Earnings Per Common Share | $(.28) | $(.17) | $(.31) | $(.33) |
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Diluted Earnings Per Common Share | $(.28) | $(.17) | $(.31) | $(.33) |
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* Net effect of stock options was antidilutive for the period.