EXHIBIT 11
ABATIX ENVIRONMENTAL CORP. AND SUBSIDIARY
Computation Re Per Share Earnings
Three months ended
September 30, Nine months ended September 30,
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1997 1996 1997 1996
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Average shares outstanding:
Primary:
Common shares outstanding, beginning of period 1,910,064 2,091,464 1,988,564 2,159,214
Weighted average number of shares issued - 1,806 - 9,991
Weighted average number of shares acquired (4,000) (25,382) (45,177) (74,367)
Dilutive stock options and warrants, based on the
treasury stock method using average market prices - 29,726 - 41,210
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Total 1,906,064 2,097,614 1,943,387 2,136,048
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Fully Diluted:
Common shares outstanding, beginning of period 1,910,064 2,091,464 1,988,564 2,159,214
Weighted average number of shares issued - 1,806 - 9,991
Weighted average number of shares acquired (4,000) (25,382) (45,177) (74,367)
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
prices - 29,726 - 41,210
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Total 1,906,064 2,097,614 1,943,387 2,136,048
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Earnings:
Earnings from continuing operations $ 232,244 $ 224,375 $ 586,442 $ 703,624
Earnings from discontinued operations - - - 21,545
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Net earnings $ 232,244 $ 224,375 $ 586,442 $ 725,169
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Primary earnings per common and common equivalent share:
Earnings from continuing operations $ .12 $ .11 $ .30 $ .33
Earnings from discontinued operations - - - .01
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Net earnings $ .12 $ .11 $ .30 $ .34
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Fully diluted earnings per common and common equivalent share:
Earnings from continuing operations $ .12 $ .11 $ .30 $ .33
Earnings from discontinued operations - - - .01
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Net earnings $ .12 $ .11 $ .30 $ .34
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