EXHIBIT 11 (Unaudited) COMPUTATION OF NET EARNINGS PER SHARE BASIC DILUTED Three Months Ended Three Months Ended September 30, September 30, -------------------------- -------------------------- 1999 1998 1999 1998 ----------- ----------- ----------- ----------- Net income (loss) 605,328 $ (279,647) 605,328 $ (279,647) ========================================================= Weighted average common shares outstanding 5,957,470 5,767,700 5,957,470 5,767,700 =========== =========== Weighted average common share equivalents: Options and warrants -- -- 776,670 -- ----------- ----------- Weighted average common shares and common share equivalents 5,957,470 5,767,700 6,734,140 5,767,700 ========================================================= Net income (loss) per share $ .10 $ (.05) $ .09 $ (.05) =========== =========== =========== =========== 14