EXHIBIT 11.1 INFONAUTICS, INC. Computation of Earnings Per Share THREE MONTHS ENDED JUNE 30, SIX MONTHS OF ENDED JUNE 30, 1996 1995 1996 1995 --------------------------- ---------------------------- Net loss applicable to common shares ($2,602,100) ($1,408,127) ($5,617,420) ($2,421,478) ----------- ----------- ----------- ----------- ----------- ----------- ----------- ----------- Weighted average number of shares outstanding during the period 7,735,711 3,963,466 5,804,589 3,963,466 Incremental shares calculated per SAB Topic 4:D 699,608 2,098,823 1,399,215 2,098,823 ----------- ----------- ---------- ---------- Total weighted average number of common and equivalent shares outstanding 8,345,319 6,062,289 7,203,804 6,062,289 ----------- ---------- ----------- ---------- ----------- ---------- ----------- ---------- Net loss per common equivalent share ($0.31) ($0.23) ($0.78) ($0.40) ----------- ----------- ----------- ---------- ----------- ----------- ----------- ---------- 14