Exhibit 11.1 - Computation of Per Share Earnings For the years ended April 30, 1997, April 30, 1996 and April 30, 1995 (in thousands, except per share data): 1997 1996 1995 ---- ---- ---- Primary: Shares: Weighted average shares outstanding 5,036 5,036 4,511 Net effect of dilutive stock options, based upon the treasury stock method -- -- -- -------- -------- -------- Weighted average shares outstanding, as adjusted 5,036 5,036 4,511 Net loss: $(1,573) $(7,189) $(3,630) Per share amounts: $ (0.31) $ (1.43) $ (0.81) -------- -------- -------- -------- -------- -------- Fully Diluted: Shares: Weighted average shares outstanding 5,036 5,036 4,511 Net loss: $(1,573) $(7,189) $(3,630) Per share amounts: $ (0.31) $ (1.43) $ (0.81) -------- -------- -------- -------- -------- --------