EXHIBIT 11 INTERNATIONAL DIVERSIFIED INDUSTRIES, INC. STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS For the three months ended For the six months ended June 30, June 30, ---------------------------------- ------------------------------- 1998 1997 1998 1997 ---- ---- ---- ---- Balance, January 1, 15,154,354 2,393,354 15,154,354 2,393,354 Shares issued upon exercise of options and warrants -- 15,667 -- 19,583 ------------- ---------------- ------------- ------------- Common stock and equivalents 15,154,354 2,409,021 15,154,354 2,412,937 ============= ================ ============= ============= Three months Six months Weighting factor Weighting factor (in months) (in months) ---------------------------------- ------------------------------- 1998 1997 1998 1997 ---- ---- ---- ---- Balance, January 1, 3 3 6 6 Shares issued upon exercise of options and warrants N/A See Below N/A See Below Computation of weighted average number of shares issued upon exercise of options and warrants: Period ended June 30, Three months Six months weighting factor weighting factor Shares (in days) (in days) Date Issued 1997 1997 ---- ------ ---- ---- 1/31/97 23,500 15,667 19,583