1
TECHNICLONE INTERNATIONAL CORPORATION
*COMPUTATION OF NET INCOME (LOSS) PER SHARE
YEAR ENDED APRIL 30
-------------------------------------------------
1996 1995 1994
----------- -------------- --------------
NET INCOME (LOSS) $ 325,298 $ (6,911,635) $ (2,405,415)
=========== ============== ==============
DATA AS TO NUMBER OF COMMON AND COMMON
EQUIVALENT SHARES:
Weighted average numbers of common shares
outstanding 18,466,359 15,794,811 13,653,829
Common equivalent shares assuming issuance of
shares represented by outstanding stock options
and warrants 1,852,300 * *
Common equivalent shares assuming issuance of
shares upon conversion of preferred stock and
notes payable 1,063,865 * *
----------- -------------- --------------
Weighted average number of common and common
equivalent shares outstanding 21,382,524 15,794,811 13,653,829
=========== ============== ==============
NET INCOME (LOSS) PER SHARE - PRIMARY
$ 0.02 $ (0.44) $ (0.18)
=========== ============== ==============
DATA AS TO NUMBER OF COMMON AND COMMON EQUIVALENT
SHARES ASSUMING FULL DILUTION:
Weighted average number of common and common
equivalent shares outstanding 21,382,524 15,794,811 13,653,829
Excess of incremental shares assumed
to be issued under stock options and
warrants (using market prices at the
end of each year) over shares used in
computing primary net income (loss)
per share (using average market prices
during each year)
279,081 * *
----------- -------------- --------------
Weighted average number of common and common
equivalent shares outstanding assuming full 21,661,605 15,794,811 13,653,829
=========== ============== ==============
dilution
NET INCOME (LOSS) PER SHARE - FULLY DILUTED
$ 0.02 $ (0.44) $ (0.18)
=========== ============== ==============
- -----------------------------
* Shares issuable upon the exercise of common stock warrants and options and
conversion of preferred stock and notes payable have been excluded because
of their antidilutive effect.
EXHIBIT 11.1
39