1 EXHIBIT 11.1 SCM Microsystems, Inc. and Subsidiaries Statement of Computation of Net Income (Loss) Per Share (in thousands, except per share data) Three month Nine month period ended period ended September 30 September 30 ---------------- ----------------- 1997 1996 1997 1996 ------ ------ ------ ------- Net income (loss) $ 334 $ 27 $ (76) $(1,219) Accretion on redeemable convertible preferred stock (324) (72) (802) (215) ------ ------ ------ ------- Net income (loss) attributable to common stockholders $ 10 $ (45) $ (878) $(1,434) ====== ====== ====== ======= Weighted average common shares outstanding 1,866 1,280 1,733 1,280 Weighted average convertible preferred stock 4,799 2,720 4,273 2,577 Staff Accounting Bulletin No. 83 issuances and grants (1) 675 1,361 920 1,361 ------ ------ ------ ------- Shares used to compute net income (loss) per share 7,340 5,361 6,926 5,218 ====== ====== ====== ======= Net income (loss) per share $ 0.05 $ 0.01 $(0.01) $ (0.23) ====== ====== ====== ======= Net income (loss) per share attributable to common stockholders $ 0.00 $(0.01) $(0.13) $ (0.27) ====== ====== ====== ======= (1) Pursuant to Securities and Exchange Commission Staff Accounting Bulletin No. 83, common stock and convertible preferred stock issued for consideration below the assumed initial public offering (IPO) price, and stock options and warrants granted with exercise prices below the IPO price during the twelve month period preceding the date of the initial filing of the Registration Statement, have been included in the calculation of common equivalent shares, using the treasury stock method, as if they were outstanding for all periods presented.