EXHIBIT 11 COMPUTATION OF EARNINGS PER COMMON SHARE (Unaudited) For The Three Months Ended March, 31 2002 2001 ----------- ----------- NET INCOME (LOSS) $ 116,239 $ (5,342) =========== =========== WEIGHTED AVERAGE SHARES: Common shares outstanding 10,099,567 7,540,551 Assumed conversion of options and warrants 102,048 337,360* ----------- ----------- 10,201,615 7,877,911 =========== =========== INCOME PER COMMON SHARE: Basic $ .01 $ .00 Diluted $ .01 $ .00 * Antidilutive 1469281