EXHIBIT 11.1
NOTIFY CORPORATION
STATEMENT REGARDING THE COMPUTATION OF PER SHARE LOSS
NINE-MONTH PERIOD
YEAR ENDED ENDED
SEPTEMBER 30, JUNE 30,
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1995 1996 1996 1997
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(UNAUDITED)
Net loss...................... $(426,062) $(1,657,219) $(1,114,818) $(719,853)
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Weighted average common shares
outstanding (1).............. 215,528 237,934 245,045 288,775
Common equivalent shares from
issuances of warrants and
common stock during the
twelve month period prior to
the Company's proposed
initial public offering (1).. 203,181 203,181 203,181 203,181
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Shares used in computing net
loss per share............... 418,709 441,115 448,226 491,956
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Net loss per share............ $ (1.02) $ (3.76) $ (2.49) $ (1.46)
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Convertible preferred stock
issued more than twelve
months prior to the proposed
initial public offering (1).. 352,542 365,307
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Pro forma weighted average
shares outstanding........... 793,657 857,263
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Pro forma net loss per share.. $ (2.09) (0.84)
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(1) Excludes shares and warrants to be placed into escrow according to the
"Escrow Agreement."