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EXHIBIT 11
EPL TECHNOLOGIES, INC.
COMPUTATION OF LOSS PER SHARE
(UNAUDITED)
SIX MONTHS ENDED THREE MONTHS ENDED
JUNE 30, JUNE 30,
1997 1996 1997 1996
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Net Loss $ (2,995,290) $ (2,176,626) $ (1,604,218) $ (1,242,073)
Deduct:
Effect of 10% cumulative
preferred dividend 246,687 137,107 122,337 65,813
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Net loss for common stockholders $ (3,241,977) $ (2,313,733) $ (1,726,555) $ (1,307,886)
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Weighted average number
of common shares outstanding 15,821,506 14,255,656 16,070,145 14,255,656
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Primary Loss Per Share $ (0.20) $ (0.16) $ (0.11) $ (0.09)
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Net Loss for fully diluted loss
per share computation $ (2,995,290) $ (2,176,626) $ (1,604,218) $ (1,242,073)
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Weighted average number
of common shares outstanding 15,821,506 14,255,656 16,070,145 14,255,656
Common share equivalent applicable to:
Series A convertible preferred stock 3,233,111 3,614,444 3,172,889 3,468,889
Series B convertible preferred stock 531,915 531,915
Series C convertible preferred stock 24,074 48,148
Series A warrants 232,864 254,310 227,198 250,754
Other warrants 182,831 842,332 210,662 155,000
Stock options 3,228,667 2,295,167 3,176,833 2,453,833
Weighted average number of common shares
and common share equivalents used to compute ------------ ------------ ------------ ------------
fully diluted loss per share 23,254,968 21,261,909 23,437,790 20,584,132
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Fully diluted loss per share $ (0.13) $ (0.10) $ (0.07) $ (0.06)
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