Exhibit 11
Applied Nanotech Holdings, Inc.
Computation of Income (Loss) Per Share
Three Months ended September 30, | Nine Months ended September 30, | |||||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||||
| Computation of loss per common share: | ||||||||||||||||
| Net loss applicable to common shares | $ | (62,066 | ) | $ | (1,053,997 | ) | $ | (1,108,982 | ) | $ | (1,205,151 | ) | ||||
| Weighted average number of common shares | 118,853,585 | 108,841,403 | 116,115,990 | 108,941,722 | ||||||||||||
| Net income (loss) per common share | $ | (0.00 | ) | $ | (0.01 | ) | $ | (0.01 | ) | $ | (0.01 | ) | ||||
| No computation of income ( loss ) per common | ||||||||||||||||
| share assuming full dilution is included since such | ||||||||||||||||
| calculation is antidilutive | ||||||||||||||||
** 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.