Exhibit 11.1
BAB HOLDINGS, INC.
CALCULATION OF EARNINGS PER SHARE
Fiscal Fiscal
6 Months 6 Months Year Year
5/31/97 5/31/96 11/30/96 11/30/95
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PRIMARY EPS
Net income (loss) $173,985 $143,644 $(320,844)$(435,760)
Less preferred stock dividend (222,715) -- -- (4,000)
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Income(loss)applicable to common $(48,730) $143,644 $(320,844)$(435,760)
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Weighted average shares outstanding 7,194,725 7,178,219 7,366,645 3,382,916
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Net income(loss)per common share $(0.0068) $0.0200 $(0.0436) $(0.1300)
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FULLY DILUTIVE EPS
Net income (loss) $173,985 $143,644 $(320,844)$(435,760)
Less preferred stock dividend (222,715) -- -- (4,000)
Add back "as if" stock dividend -- -- -- 4,000
Bond interest expense
"as if" Converted -- 566 566 6,525
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Income(loss)applicable to common $ (48,730) $144,210 $(320,278)$(429,235)
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Weighted average shares outstanding 7,194,725 7,232,153 7,420,538 3,560,257
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Net income(loss)per common share,
fully diluted $(0.0068) $ 0.0199 $(0.0432) $(0.1206)
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