EXHIBIT 11.1
International Electronics, Inc.
Calculation of Net Income (Loss) Per Common Share
Three months ended Six months ended
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Feb. 29, 1996 Feb. 28, 1995 Feb. 29, 1996 Feb. 28, 1995
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PRIMARY NET INCOME (LOSS) PER SHARE
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Weighted Average Number of
Shares Outstanding:
Common Stock 1,433,892 1,417,058 1,420,780 1,420,382
Common equivalent shares
resulting from dilutive stock
options and warrants (treasury
stock method using the
average market price) 130,859 - 122,726 -
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Total 1,564,751 1,417,058 1,543,506 1,420,382
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Net Income (Loss) $ 50,280 ($102,637) $ 80,549 ($90,680)
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Net Income (Loss)
Per Common Share $ .03 ($.07) $ .05 ($.06)
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FULLY DILUTED NET INCOME (LOSS) PER SHARE
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Weighted Average Number of
Shares Outstanding:
Common Stock 1,433,892 1,417,058 1,420,780 1,420,382
Common equivalent shares
resulting from dilutive stock
options and warrants (treasury
stock method using the higher
of the ending or average
market price) 258,338 - 260,143 -
---------- --------- ---------- ---------
Total 1,692,230 1,417,058 1,680,923 1,420,382
========== ========= ========== =========
Net Income (Loss) $ 50,280 ($102,637) $ 80,549 ($90,680)
========== ========= ========== =========
Net Income (Loss)
Per Common Share $.03 ($.07) $.05 ($.06)
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