ABATIX ENVIRONMENTAL CORP. AND SUBSIDIARY
Computation of Re Per Share Earnings
Three Months Ended June 30, Six Months Ended June 30,
----------------------------- -----------------------------
1996 1995 1996 1995
------------ ------------ ------------ ------------
Average shares outstanding:
Primary:
Common shares outstanding, beginning of period 2,088,964 2,319,748 2,159,214 2,319,748
Weighted average number of shares issued 1,444 21,566 7,833 14,937
Weighted average number of shares acquired - (121,556) (58,735) (92,528)
Dilutive stock options and warrants, based on the treasury
stock method using average market prices 55,795 22,128 50,067 19,784
------------ ------------ ------------ ------------
Total 2,146,203 2,241,886 2,158,380 2,261,941
============ ============ ============ ============
Fully Diluted:
Common shares outstanding, beginning of period 2,088,964 2,319,748 2,159,214 2,319,748
Weighted average number of shares issued 1,444 21,566 7,833 14,937
Weighted average number of shares acquired - (121,556) (58,735) (92,528)
Dilutive stock options and warrants, based on the
treasury stock method using the market price at the
end of the period if higher than the average market price 60,194 22,128 61,167 23,661
------------ ------------ ------------ ------------
Total 2,150,602 2,241,886 2,169,480 2,265,818
============ ============ ============ ============
Earnings:
Earnings from continuing operations $ 271,515 $ 361,488 $ 479,249 $ 476,362
Earnings from discontinued operations - - 21,545 -
------------ ------------ ------------ ------------
Net earnings $ 271,515 $ 361,488 $ 500,794 $ 476,362
============ ============ ============ ============
Primary earnings per common and common equivalent share:
Earnings from continuing operations $ .13 $ .16 $ .23 $ .21
Earnings from discontinued operations - - .01 -
------------ ------------ ------------ ------------
Net earnings $ .13 $ .16 $ .23 $ .21
============ ============ ============ ============
Fully diluted earnings per common and common equivalent share:
Earnings from continuing operations $ .13 $ .16 $ .22 $ .21
Earnings from discontinued operations - - .01 -
------------ ------------ ------------ ------------
Net earnings $ .13 $ .16 $ .23 $ .21
============ ============ ============ ============