Nano Magic (NMGX) 10-Q 2011 Q2 Quarterly report

Exhibit 11

Applied Nanotech Holdings, Inc.

Computation of Income (Loss) Per Share

	Three Months ended June 30,					Six Months ended June 30,
	2011			2010		2011			2010
Computation of loss per common share:
Net loss applicable to common  shares	$	(433,119	)	$	418,786	$	(1,046,916	)	$	(151 ,154	)
Weighted average number of common shares		118,756,832			108,580,633		114,758,368			108,244,919
Net income (loss) per common share	$	(0.00	)	$	0.00	$	(0.01	)	$	(0.00	)
Computation of income ( loss ) per common
share assuming full dilution**
Net loss applicable to common  shares				$	418,786
Weighted average number of common shares					108,729,402
Net income (loss) per common share				$	0.00

** No computation of diluted loss per common share is included for the other periods because such computation results in an antidilutive loss per common share.