1 Exhibit 11.1 MOTORVAC TECHNOLOGIES, INC. CALCULATION OF BASIC AND DILUTED NET INCOME (LOSS) PER SHARE FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 1999 AND 1998 THREE MONTHS ENDED NINE MONTHS ENDED ------------------------------ ------------------------------ SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, SEPTEMBER 30, 1999 1998 1999 1998 ------------- ------------- ------------- ------------- Net Income (Loss) $ 333,406 $ (354,426) $1,075,839 $ (559,479) ========== =========== ========== =========== Basic Net Income (loss) Per Share Weighted Average Outstanding Common Shares 4,505,099 4,514,918 4,487,151 4,514,918 ========== =========== ========== =========== Basic Net Income (loss) per share $ 0.07 $ (0.08) $ 0.24 $ (0.12) ========== =========== ========== =========== Diluted Net Income (Loss) per share Weighted Average Outstanding Common Shares 4,505,099 4,514,918 4,487,151 4,514,918 Incremental Shares, assuming exercise of option grants outstanding at September 30, 1999 and September 30, 1998 (eliminated if dilutive to EPS) 116,253 -- 55,559 -- Weighted Average Outstanding Common and Common Equivalent Shares 4,621,352 4,514,918 4,542,710 4,514,918 ========== =========== ========== =========== Diluted Net Income (Loss) per share $ 0.07 $ (0.08) $ 0.24 $ (0.12) ========== =========== ========== ===========