1 Exhibit 11.1 MOTORVAC TECHNOLOGIES, INC. CALCULATION OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE FOR THE THREE AND SIX MONTHS ENDED JUNE 30, 1999 AND 1998 Three Months Ended Six Months Ended --------------------------- --------------------------- June 30, June 30, June 30, June 30, 1999 1998 1999 1998 ----------- ----------- ----------- ----------- Net Income $ 458,563 $ (268,983) $ 742,433 $ (205,053) ============================================================ Basic Net Income Per Share Weighted Average Outstanding Common Shares 4,491,437 4,517,918 4,478,178 4,514,918 ============================================================ Basic Net Income per share $ 0.10 $ (0.06) $ 0.17 $ (0.05) ============================================================ Diluted net income per share Weighted Average Outstanding Common Shares 4,491,437 4,517,918 4,478,178 4,514,918 Incremental Shares, assuming exercise of options grants outstanding at June 30, 1999 and June 30, 1998 (eliminated if dilutive to EPS) 41,472 0 25,211 0 Weighted Average Outstanding Common and Common Equivalent Shares 4,532,909 4,517,918 4,503,389 4,514,918 ============================================================ Diluted net income per share $ 0.10 $ (0.06) $ 0.16 $ (0.05) ============================================================