1
EXHIBIT 11.1
ALANEX CORPORATION
COMPUTATION OF NET INCOME (LOSS) PER SHARE
SIX-MONTH PERIODS ENDED
YEARS ENDED DECEMBER 31, JUNE 30,
------------------------------------------ -------------------------
1993 1994 1995 1995 1996
---------- --------- --------- --------- ---------
(unaudited)
Net Income (loss) $ (981,000) (939,000) (762,000) (267,000) 1,360,000
----------- ---------- ---------- ---------- ---------
Weighted average shares used
to compute net income (loss)
per share:
Weighted average common
shares, excluding common
shares issued in
accordance with Staff
Accounting Bulletin 83 3,188,000 3,540,000 3,680,000 3,640,000 3,721,000
Number of common shares
issued and stock options
and warrants granted in
accordance with Staff
Accounting Bulletin 83 824,000 824,000 824,000 824,000 824,000
---------- --------- --------- ---------- ---------
Total $4,012,000 4,364,000 4,504,000 4,464,000 4,545,000
========== ========= ========= ========= =========
Net income (loss) per share $ (0.24) (0.22) (0.17) (0.06) 0.30
========== ========= ========= ========== =========