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) Nine Months Ended Three Months Ended September 30, September 30, 1996 1995 1996 1995 ------------ -------------- -------------- ------------- Net Loss ($3,313,217) ($2,462,644) ($1,136,591) ($808,726) Deduct: Effect of 10% cumulative preferred dividend 248,357 240,430 111,250 79,750 --------- -------- -------- --------- Net loss for common stockholders ($3,561,574) ($2,703,074) ($1,247,841) ($888,476) ========== ========== ========== ======== Weighted average number of common shares outstanding 14,660,958 7,796,256 15,441,561 7,910,800 ========== ========= ========== ========= Primary Loss Per Share ($0.24) ($0.35) ($0.08) ($0.11) ===== ===== ===== ===== Net Loss for fully diluted loss per share computation ($3,313,217) ($2,462,644) ($1,136,591 ) ($808,726) ============ ============ =========== =========== Weighted average number of common shares outstanding 14,660,958 7,796,256 15,441,561 7,910,800 Common share equivalent applicable to: Series A convertible preferred stock 3,543,704 4,271,111 3,402,222 4,253,333 Series B convertible preferred stock 531,915 0 531,915 0 Series A warrants 252,384 329,866 248,532 329,866 Other warrants 611,666 1,374,664 150,333 1,374,664 Stock options 2,370,194 1,308,889 2,520,250 1,361,667 Weighted average number of common shares and common share equivalents used to compute fully diluted loss per share 21,970,821 15,080,786 22,294,813 15,230,330 ========== ========== ========== ========== Fully diluted loss per share ($0.15) ($0.16) ($0.05) ($0.05) ======= ======= ======= =======