EXHIBIT 11.1
STATEMENT REGARDING COMPUTATION OF PER SHARE EARNINGS
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The following schedules reflect the information used in calculating the
number of shares in the computation of net loss per share for each of the
periods set forth in the Statements of Operations.
1
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF PER SHARE EARNINGS
FOR THE THREE MONTHS ENDED MARCH 31, 1997
WEIGHTED AVERAGE SHARES OUTSTANDING:
TOTAL # DAYS
SHARES OUTSTANDING
- ----------------------------------------------------
11,497,135 x 15 = 172,457,025
11,502,135 x 1 = 11,502,135
11,502,235 x 7 = 80,515,645
11,502,395 x 18 = 207,043,110
11,505,395 x 8 = 92,043,160
11,506,053 x 13 = 149,578,689
11,507,163 x 6 = 69,042,978
11,605,377 x 22 = 255,378,294
-- -------------
90 1,037,561,036 11,528,456
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FOR THE THREE MONTHS ENDED MARCH 31, 1997
LOSS PER SHARE:
Net Loss plus dividend accrual
plus accretion of offering costs ($2,870,560) = ($0.25)
- --------------------------------- ---------------- ==========
Weighted Avg. Shares 11,528,456
2
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF PER SHARE EARNINGS
FOR THE THREE MONTHS ENDED MARCH 31, 1996
WEIGHTED AVERAGE SHARES OUTSTANDING:
TOTAL # DAYS
SHARES OUTSTANDING
- ----------------------------------------------------
10,584,268 x 23 = 243,438,164
11,107,568 x 14 = 155,505,952
11,139,268 x 27 = 300,760,236
11,140,768 x 8 = 89,126,144
11,142,868 x 19 = 211,714,492
-- -------------
91 1,000,544,988 10,995,000
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FOR THE THREE MONTHS ENDED MARCH 31, 1996
LOSS PER SHARE:
Net Loss plus dividend accrual
plus accretion of offering costs ($2,503,079) = ($0.23)
---------------- ============
Weighted Avg. Shares 10,995,000
3