Exhibit 11
Year ended December 31,
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2001 2000 1999
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Basic:
Weighted average shares outstanding 25,448,564 24,476,842 13,159,154
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Net income (loss):
From continuing operations $ 907,626 $ (140,921) $ (1,351,494)
From discontinued operations - 458,980 91,379
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Total $ 907,626 $ 318,059 $ (1,260,115)
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Basic income (loss) per share:
From continuing operations $ 0.04 $ (0.01) $ (0.10)
From discontinued operations - 0.02 -
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Total $ 0.04 $ 0.01 $ (0.10)
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Diluted:
Weighted average shares outstanding 25,448,564 24,476,842 13,159,154
Net effect of dilutive stock options and
warrants based on the treasury stock
method using the year-end market price,
if higher than average market price 35,681 - -
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Total 25,484,245 24,476,842 13,159,154
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Net income (loss):
From continuing operations $ 907,626 $ (140,921) $ (1,351,494)
From discontinued operations - 458,980 91,379
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Total $ 907,626 $ 318,059 $ (1,260,115)
============ ============ ============
Diluted income (loss) per share:
From continuing operations $ 0.04 $ (0.01) $ (0.10)
From discontinued operations - 0.02 -
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Total $ 0.04 $ 0.01 $ (0.10)
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