1 EPL Technologies, Inc. Exhibit 11.0 Computation of Earnings per Common Share and Fully Diluted Earnings per Common Share 2 EXHIBIT 11.0 EPL TECHNOLOGIES, INC. COMPUTATION OF LOSS PER SHARE (UNAUDITED) (In thousands, except per share data) Three Months Ended March 31, 2001 2000 -------- -------- Net loss ($ 3,985) ($ 3,762) Deduct: Accretion, discount and dividends on preferred stock 177 540 -------- -------- Net loss applicable to common shareholders ($ 4,163) ($ 4,302) ======== ======== Weighted average number of common shares outstanding 37,480 30,566 ======== ======== Basic loss per share ($ 0.11) ($ 0.14) ======== ======== Net Loss for diluted loss per share computation ($ 3,985) ($ 3,762) ======== ======== Weighted average number of common shares outstanding 37,480 30,566 Common share equivalent applicable to: Series A convertible preferred stock 7 40 Warrants 5,032 4,559 Stock options 0 40 Convertible debt 1,000 0 Less common stock acquired with net proceeds 4,127 4,639 -------- -------- Weighted average number of common shares and common share equivalents used to compute diluted loss per share 39,392 30,566 ======== ======== Diluted loss per share ($ 0.10) ($ 0.11) ======== ========