Statement Re: Computation of Earnings Per Share Exhibit 11.1 Three Months Ended Nine Months Ended ------------------------------------- ------------------------------------- October 3, 1997 September 30, 1996 October 3, 1997 September 30, 1996 --------------- ------------------ --------------- ------------------ Weighted average shares outstanding 9,168,921 6,005,227 9,107,338 5,728,874 Effect of common and common equivalent shares issued by the Company during the twelve month period immediately preceding the Company's registration for initial public offering on August 2, 1996, as if they were outstanding for all periods presented prior to the registration for initial public offering, using the treasury stock method 0 0 0 206,902 ---------------- ------------------- ---------------- ------------------- Total shares 9,168,921 6,005,227 9,107,338 5,935,776 ================ =================== ================ =================== Net income (loss) $ (874,874) $ (969,681) $ (5,704,278) $ (2,857,847) ================ =================== ================ =================== Net income (loss) per common and common share equivalent $ (0.10) $ (0.16) $ (0.63) $ (0.48) ================ =================== ================ ===================