U.S. Global Investors, Inc.
Annual Report on Form 10-K 1998 Page 19
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EXHIBIT 11 -- SCHEDULE OF COMPUTATION OF NET EARNINGS PER SHARE
YEAR ENDED JUNE 30,
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1998 1997 1996
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Net earnings (loss) $(148,619) $284,149 $1,987,067
BASIC
Weighted average number shares outstanding
during the year: 6,617,153 6,606,211 6,562,830
Basic earnings (loss) per share:
Net earnings (loss) $(0.02) $0.04 $0.30
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DILUTED
Weighted average number of shares outstanding
during the year: 6,617,153 6,606,211 6,562,830
Effect of dilutive securities:
Common stock equivalent shares
(determined using the "treasury stock"
method) representing shares issuable upon
exercise of common stock options 52,210 58,113 38,244
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Weighted average number of shares used
in calculation of diluted earnings
per share 6,669,363 6,664,324 6,601,074
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Diluted earnings (loss) per share:
Net earnings (loss) $ (0.02) $ 0.04 $ 0.30
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