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EXHIBIT 11
Applied Nanotech Holdings, Inc.
Computation of Income (Loss) Per Share
| Three Months ended March 31, | ||||||||
| 2012 | 2011 | |||||||
| Computation of loss per common share: | ||||||||
| Net loss applicable to common shares | $ | (1,607,199 | ) | $ | (613,797 | ) | ||
| Weighted average number of common shares | 119,061,376 | 110,759,903 | ||||||
| Net income (loss) per common share | $ | (0.01 | ) | $ | (0.01 | ) | ||
Computation of income ( loss ) per common share assuming full dilution** | ||||||||
** No computation of diluted loss per common share is included for any period because such computation results in an antidilutive loss per common share.