Nano Magic (NMGX) 10-K 2011 FY Annual report

EXHIBIT  11

APPLIED NANOTECH HOLDINGS, INC.

COMPUTATION OF (LOSS) PER COMMON SHARE

	Three months ended December 31,								Year ended December 31,
	2011			2010		2009			2011			2010		2009
Basic Earnings Per Share
Net income (loss) applicable
to common shareholders	$	(1,461,266	)	$	1,616,455	$	(661,029	)	$	(2,570,248	)	$	411,304	$	(2,152,605	)
Weighted average number
of common shares		118,915,698			109,738,048		107,473,133			116,851,588			108,835,772		107,427,877
Net income (loss) per
per share	$	(0.01	)	$	0.01	$	(0.01	)	$	(0.02	)	$	0.00	$	(0.02	)
Fully Diluted Earnings Per Share
Net income (loss) applicable
to common shareholders		(1)			1,616,455		(1)			(1)			411,304		(1)
Weighted average number
of common shares		(1)			110,472,929		(1)			(1)			109,069,525		(1)
Net income (loss) per
per share		(1)			0.01		(1)			(1)			0.00		(1)

(1)   No computation of diluted loss per common share is included for the any periods with losses because such computation results in an antidilutive loss per common share.