EXHIBIT 11-- SCHEDULE OF COMPUTATION OF NET EARNINGS PER SHARE YEAR ENDED JUNE 30, --------------------------------------- 2000 1999 1998 ---------- ----------- ----------- Net income (loss) $ 495,758 $(1,852,806) $ (148,619) BASIC Weighted average number shares outstanding during the year: 7,408,821 6,562,140 6,617,153 Basic income (loss) per share: Net income (loss) $ 0.07 $ (0.28) $ (0.02) ========== =========== =========== DILUTED Weighted average number of shares outstanding during the year: 7,408,821 6,562,140 6,617,153 Effect of dilutive securities: Common stock equivalent shares (determined using the "treasury stock" method) representing shares issuable upon exercise of common stock options 2,278 1,704 52,210 ---------- ----------- ----------- Weighted average number of shares used in calculation of diluted earnings per share 7,411,099 6,563,844 6,669,363 ========== =========== =========== Diluted income (loss) per share: Net income (loss) $ 0.07 $ (0.28) $ (0.02) ========== =========== ===========