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EPL Technologies, Inc.
Exhibit 11.0
Computation of Earnings per Common Share and
Fully Diluted Earnings per Common Share
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EXHIBIT 11.0
EPL TECHNOLOGIES, INC.
COMPUTATION OF LOSS PER SHARE
(UNAUDITED)
NINE MONTHS ENDED THREE MONTHS ENDED
SEPTEMBER 30, SEPTEMBER 30,
1997 1996 1997 1996
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Net Loss $ (4,666,755) $ (3,313,217) $ (1,671,465) $ (1,136,591)
Deduct:
Effect of 10% cumulative
preferred dividend 338,917 248,357 92,230 111,250
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Net loss for common stockholders $ (5,005,672) $ (3,561,574) $ (1,763,695) $ (1,247,841)
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Weighted average number
of common shares outstanding 16,300,847 14,660,958 17,259,527 15,441,561
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Primary Loss Per Share $ (0.31) $ (0.24) $ (0.10) $ (0.08)
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Net Loss for fully diluted loss
per share computation $ (4,666,755) $ (3,313,217) $ (1,671,465) $ (1,136,591)
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Weighted average number
of common shares outstanding 16,300,847 14,660,958 17,259,527 15,441,561
Common share equivalent applicable to:
Series A convertible preferred stock 3,138,963 3,543,704 2,950,667 3,402,222
Series B convertible preferred stock 413,712 531,915 177,305 531,915
Series C convertible preferred stock 64,197 144,444
Series A warrants 218,175 252,384 188,797 248,532
Other warrants 196,110 611,666 222,670 150,333
Stock options 3,110,278 2,370,194 2,873,500 2,520,250
Weighted average number of common shares
and common share equivalents used to compute ------------ ------------ ------------ ------------
fully diluted loss per share 23,442,282 21,970,821 23,816,910 22,294,813
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Fully diluted loss per share $ (0.20) $ (0.15) $ (0.07) $ (0.05)
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