EXHIBIT 11.1
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Cordia Corporation |
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Computation of Per Share (Loss) Earnings |
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| For the Years Ended December 31, | |||||
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| 2007 |
| 2006 |
| 2005 |
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NUMERATOR – BASIC |
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Net (Loss) Income |
| $ (3,093,221) |
| $ (3,095,291) |
| $ 1,265,460 |
Deduct: Preferred Stock Dividend |
| - |
| - |
| (212,415) |
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Numerator for Basic (Loss) Earnings Per Share |
| $ (3,093,221) |
| $ (3,095,291) |
| $ 1,053,045 |
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NUMERATOR – DILUTED |
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Numerator for Basic Earnings Per Share |
| $ (3,093,221) |
| $ (3,095,291) |
| $ 1,053,045 |
Add: Preferred Stock Dividend |
| - |
| - |
| 212,415 |
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Numerator for Diluted (Loss) Earnings Per Share |
| $ (3,093,221) |
| $ (3,095,291) |
| $ 1,265,460 |
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DENOMINATOR |
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Weighted average number of common shares outstanding |
| 5,674,397 |
| 5,602,370 |
| 4,675,779 |
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Assumed conversion of preferred stock |
| - |
| - |
| 1,104,584 |
Assumed exercise of stock options |
| - |
| - |
| 598,866 |
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Denominator for Diluted Earnings Per Share |
| 5,674,397 |
| 5,602,370 |
| 6,379,229 |
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Basic (loss) earnings per common share |
| $ (0.55) |
| $ (0.55) |
| $ 0.23 |
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Diluted (loss) earnings per common share |
| $ (0.55) |
| $ (0.55) |
| $ 0.20 |
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