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Exhibit 11
Applied Nanotech Holdings, Inc.
Computation of Income (Loss) Per Share
| Three Months ended Sept. 30, | Nine Months ended Sept. 30, | |||||||||||||||
| 2012 | 2011 | 2012 | 2011 | |||||||||||||
| Computation of loss per common share: | ||||||||||||||||
| Net loss applicable to common shares | $ | (1,245,809 | ) | $ | (62,066 | ) | $ | (4,403,813 | ) | $ | (1,108,982 | ) | ||||
| Weighted average number of common shares | 119,381,717 | 118,853,585 | 119,194,845 | 116,155,990 | ||||||||||||
| Net income (loss) per common share | $ | (0.01 | ) | $ | (0.00 | ) | $ | (0.04 | ) | $ | (0.01 | ) | ||||
** 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.