EXHIBIT 11
TIDEL TECHNOLOGIES, INC. AND SUBSIDIARIES
COMPUTATION OF NET INCOME PER SHARE
(UNAUDITED)
THREE MONTHS NINE MONTHS
ENDED JUNE 30, ENDED JUNE 30,
1997 1996 1997 1996
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Primary:
Weighted average common shares outstanding .......... 14,633,159 12,412,569 13,293,063 12,029,557
Dilutive effect of options and warrants ............. 1,756,573 1,963,824 1,554,621 1,011,978
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Weighted average common and common equivalent
shares outstanding ........................... 16,389,732 14,376,392 14,847,684 13,041,536
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Net income .......................................... $ 766,758 $ 447,281 $ 1,685,446 $ 1,003,958
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Net income per common and common equivalent share ... $ 0.05 $ 0.03 $ 0.11 $ 0.08
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Fully diluted:
Weighted average common shares outstanding 14,633,159 12,412,569 13,293,063 12,029,557
Dilutive effect of options and warrants ............. 2,039,440 2,513,251 1,883,624 2,354,584
Effect of convertible notes, if converted ........... -- 420,000 -- 420,000
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Weighted average common and common equivalent
shares outstanding ........................... 16,672,599 15,345,820 15,176,687 14,804,141
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Net income .......................................... $ 766,758 $ 447,281 $ 1,685,446 $ 1,003,958
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Net income common and common equivalent per share ... $ 0.05 $ 0.03 $ 0.11 $ 0.07
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