EXHIBIT 11
AMERICAN MEDICAL TECHNOLOGIES, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME (LOSS) PER SHARE
Year Ended September 30,
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1996 1995 1994
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Primary:
Net income (loss) .................................... $ 1,215,118 $ (3,417,869) $ 1,286,123
Interest expense reduction from extinguishment
of debt, net of tax ............................. 129,308 -- --
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Adjusted net income (loss) ........................... $ 1,344,426 $ (3,417,869) $ 1,286,123
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Weighted average common shares outstanding ........... 12,146,940 11,605,689 10,441,766
Dilutive effect of stock options and warrants ........ 4,423,005 -- 94,823
Less shares assumed repurchased with proceeds
from exercise (treasury stock method)............ (2,479,481) -- --
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Weighted average common and common
equivalent shares outstanding ................... 14,090,464 11,605,689 10,536,589
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Income (loss) from continuing operations per share ... $ 0.10 $ (0.29) $ (0.08)
Discontinued operations, net of taxes:
Loss from operations per share .................. -- -- (0.01)
Gain on disposal per share ...................... -- -- 0.21
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Net income (loss) per share .......................... $ 0.10 $ (0.29) $ 0.12
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Fully diluted:
Net income (loss) .................................... $ 1,215,118 $ (3,417,869) $ 1,286,123
Interest expense reduction from extinguishment
of debt, net of tax ............................. 474 -- --
Interest expense reduction from conversion of
debt, net of tax ................................ 5,882 -- --
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Adjusted net income (loss) ........................... $ 1,221,474 $ (3,417,869) $ 1,286,123
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Weighted average common shares outstanding ........... 12,146,940 11,605,689 10,441,766
Dilutive effect of stock options and warrants ........ 4,423,005 -- 94,823
Dilutive effect of debt conversion ................... 98,033 -- --
Less shares assumed repurchased with proceeds
from exercise (treasury stock method) ........... (2,479,481) -- --
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Weighted average common and common
equivalent shares outstanding ................... 14,188,497 11,605,689 10,536,589
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Income (loss) from continuing operations per share ... $ 0.09 $ (0.29) $ (0.08)
Discontinued operations, net of taxes:
Loss from operations per share .................. -- -- (0.01)
Gain on disposal per share ...................... -- -- 0.21
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Net income (loss) per share .......................... $ 0.09 $ (0.29) $ 0.12
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