EXHIBIT 11


                               EGAN SYSTEMS, INC.
                          COMPUTATION OF LOSS PER SHARE


Computation of net loss per share:

The following data show the amounts used in computing net loss per share and the
effect  on net loss and the  weighted  average  number  of  shares  of  dilutive
potential common stock.

                                                       Nine Months Ended
                                                         September 30,
                                                  ----------------------------
                                                      2001            2000
                                                  ------------    ------------

Net loss available to common stockholders         $   (243,489)   $   (429,945)
                                                  ============    ============

Weighted average number of common shares in
 primary EPS                                        19,646,652      19,368,874

Effect of dilutive securities                             --              --
                                                  ------------    ------------

Weighted average number of common shares and
 dilutive potential common stock used in
 fully diluted EPS                                  19,646,652      19,368,874
                                                  ============    ============

Net loss per common share:
 Basic and fully diluted                          $     (0.012)   $     (0.022)
                                                  ============    ============

For 2001 and 2000,  the  effect of  dilutive  securities  were not  included  in
computing fully diluted EPS because their effects are anti-dilutive.