EXHIBIT 11.1 HealthDesk Corporation Computation of Earnings per Share Three Months Ended March 31, ---------------------------- 1996 1997 ---- ---- Weighted average number of common shares outstanding............... 2,130,078 4,659,663 Shares issuable pursuant to conversion of preferred stock, warrants and stock options issued during the twelve month period prior to the filing of the initial public offering registration statement, less shares assumed repurchased at the offering price of $5.00 per share........................... 1,694,788 ---- ----------- ----------- Total common and common equivalent shares.......................... 3,824,866 4,659,663 ----------- ----------- Net Loss........................................................... $ (807,854) $(1,201,642) =========== =========== Loss per common and common equivalent shares....................... ($0.21) ($0.26) =========== ===========