Exhibit 11


                                WebSecure, Inc.
                          Computation of Shares Used in
                        Computing Net Loss Per Common and
                            Common Equivalent Shares


The  following table presents  information  used in calculating the net loss per
common and common equivalent shares:


                                                                              Period from                    Cumulative
                                                                               Inception                   from Inception
                                                     Year Ended           (July 19, 1995) to              (July 19, 1995)
                                                   August 31, 1996          August 31, 1995             to August 31, 1996
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Weighted average number of                                     
 shares of common stock                                        
 outstanding, as adjusted                                      
 for application of SAB No. 83(a):                               
   Founders                                            782,500                    782,500                      782,500
   For professional services                            20,000                     20,000                       20,000
   Private offering                                    500,000                    500,000                      500,000
   Issurance of common stock in                                
    connection with the acquisition              
    of research and development                        802,500                    802,500                      802,500
                                                               
Common stock equivalents:                                      
   Assumed exercise of stock                                   
    options calculated under the                               
    treasury stock method                              200,050                    200,050                      200,050
                                                               
Convertible securities:                                        
   Conversion of 625 000 shares                                
    of Class B common                                          
    stock to common stock                            2,500,000                  2,500,000                    2,500,000
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Shares used in computing loss                                  
 per share of common and                                       
 common equivalent shares                            4,805,050                  4,805,050                    4,805,050
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Net loss applicable to common                                  
 and common equivalent shares                      $(7,924,014)                  $(33,626)                 $(7,957,640)

Net loss per share of common
 and common equivalent shares                         $ (1.65)                      $(.01)                     $(1.66)
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   (a) Pursuant to Securities and Exchange  Commission Staff Accounting Bulletin
No. 83 ("SAB No. 83"),  common stock and common  equivalent  share issued within
one year of the initial public  offering at a price less than the initial public
offering price is treated as outstanding for all periods presented.