IMAGE GUIDED TECHNOLOGIES, INC. EXHIBIT 11.1
STATEMENT RE: COMPUTATION OF PRO FORMA NET INCOME (LOSS)
PER COMMON SHARE (UNAUDITED)
Six Months
Year Ended Ended
December 31, June 30,
1995 1996
Weighted average number of common shares
outstanding 1,088,387 1,363,451
Weighted average number of shares of preferred
stock assumed converted to common stock at the
time of issuance 266,662 266,662
Number of shares of preferred stock assumed
issued under antidilution provisions 37,628 37,628
Common and common equivalent shares issued
during the twelve month period to the
filing of the Company's proposed initial public
offering calculated using the treasury stock
method and the assumed initial public
offering price of $5 per share 283,260 283,260
Weighted average number of dilutive common
stock equivalent shares calculated using the
treasury stock method 290,587
-------------- -------------
Pro forma weighted average number of common
shares outstanding 1,675,937 2,241,588
-------------- -------------
-------------- -------------
Net income (loss) ($1,051,949) $125,834
-------------- -------------
-------------- -------------
Pro forma net income (loss) per common share
(Unaudited) ($.63) $0.06