THE BEARD COMPANY
COMPUTATION OF LOSS PER SHARE
For the Three Months Ended For the Six Months Ended
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June 30, June 30, June 30, June 30,
1998 1997 1998 1997
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Basic and Diluted Earnings (Loss) Per Share:
Loss from continuing
per statement of operations $ (134,000) $ (206,000) $ (276,000) $ (429,000)
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Earnings (loss) from discontinued
operations $ (766,000) $ 227,000 $ (1,048,000) $ 26,000
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Net earnings (loss) per statement
of operations $ 900,000 $ 21,000 $ (1,324,000) $ (403,000)
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Net earnings (loss) attributable
to common shareholders per
statement of operations $ (900,000) $ 21,000 $ (1,324,000 $ (403,000)
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Weighted average common shares outstanding:
Basic and diluted 2,528,000 2,799,000 2,528,000 2,799,000
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Net earnings (loss) per average common share outstanding:
Basic and diluted
Loss from continuing $ (0.05) $ (0.07) $ (0.11) $ (0.15)
Earnings (loss) from discontinued
operations (0.31) 0.08 (0.41) 0.01
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Net earnings (loss) $ (0.36) $ 0.01 $ (0.52) $ (0.14)
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